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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.

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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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Executing AI Effectively

Executing AI Effectively

Priya Lakhani

AI Business Strategist

Discover how to put AI tools to work effectively in your business by tackling the most important steps: planning, team-building, and data strategy. This Step guides learners through maximising AI’s potential for real impact.

Discover how to put AI tools to work effectively in your business by tackling the most important steps: planning, team-building, and data strategy. This Step guides learners through maximising AI’s potential for real impact.

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Executing AI Effectively

13 mins 19 secs

Key learning objectives:

  • Understand the benefits of effective AI implementation

  • Outline the steps to take towards effective AI implementation

Overview:

Implementing AI effectively is essential for maximising value and achieving strategic goals. In this Step, Priya Lakhani outlines the importance of careful planning, including defining clear objectives, assessing needs, and developing a robust data strategy. She emphasises that success hinges on having the right team, choosing appropriate AI tools, and starting with pilot projects to mitigate risks. Learners are encouraged to take actionable steps, setting measurable goals and identifying data needs, while navigating the challenges that come with integrating AI into their businesses.

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Summary
What are the benefits of effective AI implementation?

Effective AI implementation maximises your return on investment and ensures that resources are utilised efficiently, leading to higher engagement and retention. For instance, Netflix's successful integration of AI for personalised content recommendations has resulted in a notable increase in viewer engagement, which translates directly into improved financial returns. Moreover, it minimises risks associated with AI projects, such as data privacy issues and algorithm biases. By thoughtfully implementing AI, businesses can proactively identify and mitigate these risks.

What steps are necessary for effective AI implementation?

The first step is thorough planning and preparation. Clearly define the objectives you want to achieve with AI and ensure they align with your business goals. For instance, instead of a goal like "improve customer service," aim for something specific, such as "reduce customer response times by 50% using an AI chatbot."

Next, conduct a needs assessment to identify areas where AI can add value, such as tasks that are repetitive or time-consuming. After that, create a detailed implementation roadmap, including timelines and key performance indicators (KPIs) to track progress. This roadmap should encompass all necessary phases, such as data collection, development, testing, and deployment.

Finally, assemble the right team and develop a robust data strategy. Consider hiring specialised talent or upskilling your existing staff to ensure they have the necessary skills for successful implementation. Establish strong data governance and choose the right AI tools to meet your specific needs, enabling a solid foundation for effective AI integration.

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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