What people often think AI is
Beyond the Hype: The Nuanced Reality of AI 🤖
What people often think AI is:
• Data: A static entity that AI can automatically turn into insights. Â
• AI: A magic wand that can do anything.
• Value: The automatic result of applying AI to data.
What AI actually involves:
• Data: A dynamic process of selecting, sourcing, and synthesizing diverse data.
• AI: A complex process involving data engineering, feature engineering, scaling, modeling, and deployment.Â
• Value: An ongoing process of extracting insights, monitoring performance, and iteratively improving models.
Key Constraints:
• Legal: AI systems must be developed and used within legal and regulatory constraints.
• Ethical/Transparency: AI must be used fairly, transparently, and ethically.
• Historical Bias: Models can inherit bias if trained on biased data.Â
• Security: AI systems must be secured from threats and breaches
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