Coursera Co-founder Andrew Ng Shares Why Leaders Should Invest in AI
Few reasons why leaders around the world should invest in Artificial Intelligence.
AI adoption has gained traction in the past few years, disrupting almost every industry. But implementing AI-based applications can be challenging. AI pioneer, Founder of the Google Brain Team and Landing AI, Former Chief Scientist at Baidu, and Co-founder of Coursera, Andrew Ng, recently shared how companies can adopt AI to transform their operations.
Here are the key takeaways:
Brainstorm projects and start small
Ng recommends companies start by brainstorming a list of at least half a dozen projects that can use AI rather than diving into just one. Next, he suggests a review of all the possible projects from a technical and business diligence perspective. After a few weeks of analysis, Ng says leaders can pick one or two worthwhile projects and commit to them. The AI pioneer recommends leaders start with small six-to-12 month goals instead of trying to accomplish an expansive vision.
Ng also recommends starting with a small team and then building it up gradually: “Start with a machine learning team of around five people. That teaches you the early lessons you need to build a bigger team.”
Shift your mindset from big data to good data
The Coursera co-founder says companies need to shift their focus from big data to good data. “If you have a million images, go ahead, use them. But there are lots of problems that can use much smaller data sets that are clearly labeled and carefully curated,” he explains.
Ng adds: “When you have millions or a billion users, you can have that noisy data and just average it—the learning algorithm will do fine. But if you are in a setting where you have a smaller data set—say, a hundred examples—then this type of noisy data has a huge impact on performance.”