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Question 10 - D-GAI-F-01 discussion

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What is the first step an organization must take towards developing an Al-based application?

A.
Prioritize Al.
Answers
A.
Prioritize Al.
B.
Develop a business strategy.
Answers
B.
Develop a business strategy.
C.
Address ethical and legal issues.
Answers
C.
Address ethical and legal issues.
D.
Develop a data strategy.
Answers
D.
Develop a data strategy.
Suggested answer: D

Explanation:

The first step an organization must take towards developing an AI-based application is to develop a data strategy. The correct answer is option D. Here's an in-depth explanation:

Importance of Data: Data is the foundation of any AI system. Without a well-defined data strategy, AI initiatives are likely to fail because the model's performance heavily depends on the quality and quantity of data.

Components of a Data Strategy: A comprehensive data strategy includes data collection, storage, management, and ensuring data quality. It also involves establishing data governance policies to maintain data integrity and security.

Alignment with Business Goals: The data strategy should align with the organization's business goals to ensure that the AI applications developed are relevant and add value.

Davenport, T. H., & Ronanki, R. (2018). Artificial intelligence for the real world. Harvard Business Review, 96(1), 108-116.

Marr, B. (2017). Data Strategy: How to Profit from a World of Big Data, Analytics and the Internet of Things. Kogan Page Publishers.

asked 16/09/2024
Danish Vohra
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