ABSTRACT

The commercialization of machine learning (ML) models and artificial intelligence (AI) is bringing about a dramatic transformation in the way businesses view the value of their data. Business leaders need to understand the vast array of risks and issues they need to prepare for before they can leverage the power of AI and ML. This chapter discusses risks that businesses need to consider when applying ML to business tasks that have the potential to augment how work gets accomplished in everyday business life. Once a ML component is available to perform a business task without a team member, the way the business process is executed will have to change. Many companies are beginning to use powerful ML techniques as a way to transform their business processes. Creating ML models can lead a business team to rely on the algorithm without hesitation.