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9 Principles For Turning AI Into Profit

Writer: CuriousAI.netCuriousAI.net

Tobias Zwingmann outlines nine key principles for turning AI initiatives into profit, grouped into three areas: Mindset, Strategy, and Execution.


โœ”๏ธ ๐— ๐—ถ๐—ป๐—ฑ๐˜€๐—ฒ๐˜

๐Ÿญ. ๐—”๐—œ ๐—ฎ๐˜€ ๐—ฎ ๐—๐—ผ๐˜‚๐—ฟ๐—ป๐—ฒ๐˜†, ๐—ก๐—ผ๐˜ ๐—ฎ ๐——๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ฎ๐˜๐—ถ๐—ผ๐—ป: AI thrives on continuous learning, adaptation, and improvement, aligned with an organization's maturity. It's a business-driven effort, not just technical.

๐Ÿฎ. ๐—”๐˜ƒ๐—ผ๐—ถ๐—ฑ ๐—ง๐—ฟ๐—ฒ๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐—”๐—œ ๐—Ÿ๐—ถ๐—ธ๐—ฒ ๐—ฎ๐—ป ๐—œ๐—ง ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜: Success requires deep business integration, readiness, and refinement. Viewing AI as plug-and-play or something that "learns on its own" will fail.

๐Ÿฏ. ๐—ฃ๐—ฟ๐—ถ๐—ผ๐—ฟ๐—ถ๐˜๐—ถ๐˜‡๐—ฒ ๐—•๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—ก๐—ฒ๐—ฒ๐—ฑ๐˜€ ๐—ข๐˜ƒ๐—ฒ๐—ฟ ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€: Balance between flashy, low-value AI applications and overapplying AI to every problem. The true opportunity lies in solving specific, valuable business challenges.


โœ”๏ธ ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜†

๐Ÿฐ. ๐—™๐—ผ๐—ฐ๐˜‚๐˜€ ๐—ผ๐—ป ๐—Ÿ๐—ผ๐—ป๐—ด-๐—ง๐—ฒ๐—ฟ๐—บ ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜: AI reshapes market dynamics, including relationships with suppliers and customers. Position strategically to harness this evolution.

๐Ÿฑ. ๐—•๐—ฎ๐—น๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ค๐˜‚๐—ถ๐—ฐ๐—ธ ๐—ช๐—ถ๐—ป๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐—ถ๐—ฐ ๐—•๐—ฒ๐˜๐˜€: Start with well-understood problems and mature technologies before advancing to complex areas. Build risk tolerance over time.

๐Ÿฒ. ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ ๐—”๐—œ ๐—ฅ๐—ผ๐—ฎ๐—ฑ๐—บ๐—ฎ๐—ฝ๐˜€, ๐—ก๐—ผ๐˜ ๐—œ๐˜€๐—ผ๐—น๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜๐˜€: AI initiatives should be interconnected. Each project builds capabilities, creating a comprehensive roadmap linking data, technology, and processes.


โœ”๏ธ ๐—˜๐˜…๐—ฒ๐—ฐ๐˜‚๐˜๐—ถ๐—ผ๐—ป

๐Ÿณ. ๐—•๐—ฒ๐—ด๐—ถ๐—ป ๐˜„๐—ถ๐˜๐—ต ๐—”๐˜‚๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—•๐—ฒ๐—ณ๐—ผ๐—ฟ๐—ฒ ๐—”๐˜‚๐˜๐—ผ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป: Gradually progress from assisting humans to full automation. Attempting automation prematurely wastes resources and erodes trust.

๐Ÿด. ๐—”๐—ฝ๐—ฝ๐—น๐˜† ๐˜๐—ต๐—ฒ ๐Ÿฎ๐Ÿฌ/๐Ÿฎ๐Ÿฌ ๐—ฅ๐˜‚๐—น๐—ฒ: Prototype AI use cases incrementally within ~20 days and ~$20k to ensure they are impactful, feasible, and measurable.

๐Ÿต. ๐—˜๐—บ๐—ฏ๐—ฟ๐—ฎ๐—ฐ๐—ฒ ๐—œ๐˜๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—Ÿ๐—ฒ๐—ฎ๐—ฟ๐—ป๐—ถ๐—ป๐—ด: Plans must adapt to changing realities. Flexibility and continuous improvement are vital to long-term success.


๐—–๐—ผ๐—ป๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐—ผ๐—ป: Profit from AI comes from adopting the right mindset, executing with proven principles, and balancing future aspirations with present-day value delivery. The focus should remain on practical, business-aligned outcomes rather than tools or budgets.

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