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Struggling to make #GenerativeAI (#GenAI) sing in your business? You're not alone. A recent article by Stanford Online instructor Aditya Challapally highlights the challenges companies face, from inconsistent project outcomes to skyrocketing costs. 📈 The good news? By focusing on clear product vision and leveraging pre-built AI models, you can sidestep these pitfalls and harness the true power of #GenAI. https://lnkd.in/gmq8gDqh 💡 Ready to join the leaders of the GenAI innovation? Secure your spot on the waitlist for Challapally's course, Mastering Generative AI for Product Innovation. https://lnkd.in/gKADkJHD

The 6 Most Common Mistakes Companies Make When Developing AI Projects (With Suggested Fixes)

The 6 Most Common Mistakes Companies Make When Developing AI Projects (With Suggested Fixes)

online.stanford.edu

Francis N.

Economist | Design Thinker | Financial Market Risk | Non Financial & Qualitative Risk | Data Mining | RGPD | Generative AI

2w

It’s common to see AI projects initiated primarily because top management wants to embrace the latest technological trends. While enthusiasm from leadership can drive innovation, this top-down approach often overlooks critical aspects like user needs and practical application. As a result, many AI initiatives fail to meet their goals, deliver suboptimal returns, or face implementation issues. For AI projects to succeed, they must be grounded in a clear understanding of business objectives, user engagement, and technical feasibility, rather than just the desire to keep up with trends.

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MATT TABB 🇯🇪🇬🇧

Fractional Chief Marketing Officer, Specialist in Commercial Growth & Marketing, Brand & Comms Strategy for B2B and B2C Businesses.

3w

Very valid points from my experience

Elitsa Kostova

🟣Transformational Educator 🧬 Empowering leaders, experts, and business owners to overcome limitations and achieve bold goals 💎 Leading career and life skills educational programs at Edu Compass foundation

2w

Useful and comes right on time for me!

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