University Literature Review: Choosing First AI Project

This literature review focuses on the selection and implementation of Artificial Intelligence (AI) projects within a business context. It analyzes the article "How to choose your first Artificial Intelligence project?" by Andrew Ng, emphasizing the importance of starting with small, pilot AI projects to gain momentum and understand the practical aspects of AI implementation. The review highlights the potential of AI to drive significant economic growth and transform various industries, including non-internet sectors. It discusses the benefits of AI, such as gaining a competitive advantage, automating business activities, and improving revenue generation. The review stresses the need for a clear understanding of business objectives, the measurement of effectiveness, and the importance of partial automation to identify tasks suitable for AI implementation. It concludes that a strategic approach, focusing on efforts, vision, and dynamic projects, is essential for the successful integration of AI, with a recommendation for a team of 5-15 individuals to drive the process. The review references articles that cover globalization, employee retention, and data-driven strategies to provide a comprehensive overview of the business environment.