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What is Your Time Worth?

Learn why every second counts and get practical tips to manage your time effectively from the very best in Formula 1. Prioritise tasks, leverage your team's skills, and make every moment count. Dive in and navigate your career like a pro!

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Explore the Apollo 13 mission and learn how teamwork, communication, and cognitive diversity drive success. Discover strategies to build trust, manage conflict, and leverage diverse perspectives. See how effective collaboration can elevate your performance.

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Latest Steps

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What is Your Time Worth?

Learn why every second counts and get practical tips to manage your time effectively from the very best in Formula 1. Prioritise tasks, leverage your team's skills, and make every moment count. Dive in and navigate your career like a pro!

We Not Me

Explore the Apollo 13 mission and learn how teamwork, communication, and cognitive diversity drive success. Discover strategies to build trust, manage conflict, and leverage diverse perspectives. See how effective collaboration can elevate your performance.

View more

Ready to get started?

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Creating Your AI Strategy

Creating Your AI Strategy

Priya Lakhani

AI Business Strategist

AI is here to transform your business - whether it's automating tasks, reducing costs, or boosting efficiency. Explore how to unlock AI’s potential, step-by-step, and stay ahead of the competition. Start small and let’s get there together!

AI is here to transform your business - whether it's automating tasks, reducing costs, or boosting efficiency. Explore how to unlock AI’s potential, step-by-step, and stay ahead of the competition. Start small and let’s get there together!

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Sign up for Santander Open Academy to unlock your potential with our free, expert-led learning platform.

Creating Your AI Strategy

9 mins 58 secs

Key learning objectives:

  • Outline the components of effective AI strategies

  • Learn how to implement a comprehensive data strategy

Overview:

This Step by Priya Lakhani explains how integrating AI into your business strategy can significantly boost productivity. Priya outlines how clear goals and aligning AI initiatives is key, and explains how implementation doesn't have to be complex.

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Summary
What are the components of effective AI strategies?

An effective AI strategy is more than just adopting new technology; it requires a well-defined approach that aligns with your business goals. The first step in developing this strategy is to clearly define your vision and objectives. This means setting specific goals that you aim to achieve with AI, such as improving customer service or increasing operational efficiency.

Once you have defined your objectives, it is crucial to align your AI initiatives with your business goals. This ensures that every project undertaken is applicable to your needs, scalable, and integrates seamlessly into your existing operations. By examining successful case studies, you can identify areas where AI tools could effectively contribute to your business.

How can you implement a comprehensive data strategy?

A comprehensive data strategy is vital for building an effective AI strategy as data is the backbone of AI. To establish a robust data strategy, you should begin by identifying all data sources within your business and ensuring their quality and consistency. This involves implementing proper data storage and management systems, as well as establishing governance policies to ensure data security and compliance.

It is essential that the data collected is accurate, complete, and relevant to your AI initiatives. Regularly reviewing your data collection processes will help identify gaps and improve overall data integrity. While AI does require a solid data foundation, many cost-effective and user-friendly AI tools are now available, allowing businesses of all sizes to implement AI without prohibitive expenses.

How can businesses leverage AI to drive growth, efficiency, and innovation?

Integrating AI into your business strategy presents a significant opportunity to revolutionise operations and improve the products and services offered to customers. AI can help businesses save costs by automating routine tasks, allowing employees to focus on more challenging projects AI cannot accomplish. By allocating resources effectively, AI can identify areas with the highest return on investment and enhance customer experiences through personalisation.

What steps can businesses take to start their AI transformation?

The journey to AI transformation begins with identifying your business goals and the problems you want to solve. A practical exercise is to draw a line down a sheet of paper: in the left column, list your business goals for the next year, and in the right column, note any issues you wish to address. This simple activity serves as a starting point for reviewing your goals and recognising areas where AI could assist you. 

The opinions and viewpoints expressed in this video are those of the creator and do not necessarily reflect the views of any affiliated organisations.

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Priya Lakhani

Priya Lakhani

Priya Lakhani is a visionary entrepreneur, combining technology innovation with education. As the Founder and CEO of CENTURY Tech, she is at the helm of revolutionising learning through AI-powered tools that transform classrooms, universities, and workplaces. Her journey from barrister to business leader reflects her bold commitment to making a global impact. A decorated entrepreneur and adviser to the UK government, Priya has been recognised as Business Entrepreneur of the Year and awarded an OBE for her services to business and education. Co-founding the Institute for Ethical AI in Education, Priya continues to champion responsible AI, ensuring that technology benefits learners in an ethical and impactful way.

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