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Implementing AI in your Organisation

In this video, Elizabeth explains how organisations can successfully adopt AI and data science by fostering a data-driven culture and strategically implementing AI projects.

Blockchain and Smart Contracts

In the first video of this video series, James explains the concept of blockchain along with its benefits.

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100's of expert presented, on-demand video modules

Learning analytics

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Interactive learning

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Testing and certifications

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

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Featured Content

Featured Content

Implementing AI in your Organisation

In this video, Elizabeth explains how organisations can successfully adopt AI and data science by fostering a data-driven culture and strategically implementing AI projects.

Blockchain and Smart Contracts

In the first video of this video series, James explains the concept of blockchain along with its benefits.

Featured Content

Ready to get started?

Ready to get started?

Your Role in a Data or AI Project

Your Role in a Data or AI Project

Paul dos Santos

In this video, Paul explains the essential elements for successful AI projects in financial services, covering the importance of clear goals, realistic expectations, and strong data strategies. He highlights key warning signs, such as overambitious goals and poor data quality, that can jeopardise project success. He also discusses the crucial role of non-practitioners in evaluating AI initiatives, emphasising their responsibility to bridge technical and business teams. By collaborating with AI experts and prioritising ethical and legal considerations, non-practitioners can support AI projects that deliver value aligned with organisational goals.

In this video, Paul explains the essential elements for successful AI projects in financial services, covering the importance of clear goals, realistic expectations, and strong data strategies. He highlights key warning signs, such as overambitious goals and poor data quality, that can jeopardise project success. He also discusses the crucial role of non-practitioners in evaluating AI initiatives, emphasising their responsibility to bridge technical and business teams. By collaborating with AI experts and prioritising ethical and legal considerations, non-practitioners can support AI projects that deliver value aligned with organisational goals.

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Your Role in a Data or AI Project

9 mins 55 secs

Key learning objectives:

  • Understand how to evaluate AU project goals and data strategies

  • Understand the non-practitioners role in AI project oversight

  • Identify potential risks and warning signs in AI projects

Overview:

AI projects in financial services require clear objectives, realistic expectations, and a robust data strategy to ensure quality and integrity. Key warning signs include overambitious goals, low-quality data, and exaggerated timelines. Non-practitioners play a vital role by assessing risks, understanding implications, and bridging the gap between technical and business teams. Effective collaboration with AI specialists and a focus on ethical, legal, and privacy considerations are essential for mitigating risks and protecting reputations. With informed decision-making, non-practitioners can support the responsible and strategic use of AI, ensuring AI initiatives deliver value aligned with organisational goals.

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Summary
What are the essential considerations for assessing AI projects?

When assessing AI projects, ensuring alignment with real-world business challenges is crucial to avoid wasted resources and unfulfilled promises. Clear, measurable objectives rooted in the organisation’s goals prevent AI from being used purely for novelty, maintaining a focus on outcomes that provide real value. Data quality plays a foundational role: a smaller dataset that’s well-curated and relevant is often more effective than a large, inconsistent one. Financial considerations are equally important, as AI projects can be resource-intensive. By balancing achievable goals, high-quality data, and realistic budgets, organisations approach AI projects with clarity and a strategic purpose, maximising both their impact and cost-effectiveness.

What are the potential risks and warning signs in AI projects?

AI projects come with unique risks that, if left unaddressed, can harm both the project's success and the organisation’s reputation. Warning signs like overambitious goals, unclear objectives, and low-quality data signal potential project pitfalls. Overpromising results or setting unrealistic timelines can erode stakeholder trust if outcomes fall short. Data-related risks, such as poor-quality inputs or biased datasets, may skew results, introducing ethical issues and potential legal liabilities. Additionally, AI systems often mirror the biases within their training data, as seen in recruitment or customer service applications. By identifying these red flags early, organisations can take preventative measures to manage risks and uphold project integrity, fostering trust and ensuring AI initiatives align with ethical standards.

What is the role of non-practitioners in AI project evaluation?

Non-practitioners play a critical role in evaluating AI projects by providing a broader business perspective and acting as a bridge between technical teams and executive stakeholders. While they may not need deep technical knowledge, non-practitioners must understand the core objectives and potential risks associated with AI projects. Their role involves assessing how AI initiatives align with company goals, identifying ethical and legal concerns, and ensuring projects don’t inadvertently compromise business values or stakeholder trust. By asking probing questions, monitoring for biases, and fostering collaboration between technical experts and decision-makers, non-practitioners help maintain oversight and accountability in AI deployment. This approach enhances project transparency, aligning technical developments with strategic business needs.

How can collaboration with AI experts enhance project outcomes?

Collaboration with AI experts significantly improves AI project outcomes, as these professionals offer critical insights into complex technical challenges. Technical specialists, including data scientists and machine learning engineers, can validate data integrity, refine algorithms, and ensure models perform as intended. Non-technical stakeholders benefit by gaining an understanding of AI’s technical limitations and capabilities, allowing for more realistic expectations and better alignment with project goals. Clear, consistent communication is key to this collaboration; it enables experts to provide feedback and adjust the project to meet evolving business needs. Establishing a shared vision and open dialogue also fosters innovation while safeguarding against ethical risks. This partnership, grounded in both technical knowledge and strategic objectives, ultimately leads to more accurate, impactful, and ethically sound AI solutions that align with organisational priorities.

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