Willem van Eeden, Technical Lead at Entelect, highlights the importance of a strategic approach to AI implementation, emphasizing that many organizations struggle with failed AI projects. He stresses the need for clear business use cases, robust foundational technologies, and well-defined strategies to leverage AI effectively.
Maximising AI success: Turning predictions into actionsWillem van Eeden, Technical Lead: Data Science , Entelect.
So says Willem van Eeden, Technical Lead at Entelect, who notes that many organisations turn to Entelect for help on the back of failed AI projects. “The best use of AI involves high-frequency things that humans can't actually do – for example, predicting risk in the insurance industry, or handling calls in contact centres,” he says. “AI and machine learning solutions are also desirable where the cost of a mistake is low. It's riskier to use AI for low-volume, low-frequency tasks which are often high risk areas – such as a bank deciding to freeze a customer’s account.
He notes: “Entelect specialises in getting to the core of the problem. In our view, AI sits at the pinnacle of the hierarchy of needs, and you need to build this hierarchy from the bottom up, to get to the next level. We generally recommend starting with statistics and basic engineering before moving up to AI. If you don't get the basics right, AI can be little more than a very expensive research project.
AI Machine Learning Business Applications Data Science Predictions
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maximising the return on assets.IT Industry News. Daily.
Read more »
What’s Next — Resilient Innovations CEO Willem Olivier on backup and work area recovery strategiesResilient Innovations CEO Willem Olivier explains why South African businesses must embrace Disaster Recovery as a Service.
Read more »
Cyan Boujee Shows Off Birthday Spoils After Turning 23, SA Reacts: “Your Boyfriend Is So Thoughtful”Cyan Boujee recently celebrated her birthday and finally gave fans a look into her celebration and the lovely gifts she received from her friends and her man.
Read more »
Revolutionary or reactionary: Shivambu's move to MK Party is a turning point for RETEbrahim Harvey | Revolutionary or reactionary: Shivambu's move to MK Party is a turning point for RET
Read more »
Second Clip of Alleged Zama Zamas Turning Up Underground Surfaces, SA Unnerved: “Lawlessness”Another clip of alleged Zama Zamas throwing a turn up session below the surface has emerged. The material has since been making the rounds on social media.
Read more »
FOUR women who keep the wheels turning at Ford South AfricaAs part of its Our Ford Stories series, Ford South Africa celebrates Women’s month by showcasing four outstanding individuals …
Read more »