A crucial starting point in your AI journey involves finding inspiration. Amidst the buzz, it's essential for businesses to understand what's genuinely feasible within their industry and, more importantly, what they need to get started. This phase of awareness building is paired with the unpacking of compliance and regulations related to utilising company data with a large language model or transferring data across borders. Depending on your industry, this can be more challenging for some than others, holding back progress with new technologies.
Core insight: Don't allow regulations and compliance to stifle your exploration of AI's potential. Bring together your data and AI experts, or consider external guidance, to outline use cases and potential value for your industry and company. A clear understanding of what can be achieved will serve as the foundation for building a robust business case, including the necessary policies, around AI usage.