The Innovation Ultimatum. Steve Brown

The Innovation Ultimatum - Steve Brown


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where to develop your voice agents: in-house, using third-party frameworks, or on existing voice platforms. Google, Amazon, Apple, and other tech giants enable developers to create apps for their voice services. Google calls these apps “actions” while Amazon calls them “skills.” The make-versus-buy decision will vary by brand. Most will build a presence on the major tech platforms. For competitive or security reasons, some brands may elect to build a dedicated voice agent that is embedded inside their apps and websites. Banks may prefer their own voice agents for security reasons. Bank of America's Erica virtual assistant is a good example.

      Understand and Mitigate for Bias

      When AIs are trained with data that represents examples of human behavior, they learn unwanted human biases that are reflected in that data.

      Amazon receives a small mountain of job applications each week. To triage resumes, Amazon built an experimental AI to surface candidates worthy of an interview. There was only one problem. According to a report by Reuters, it quickly became clear that Amazon's AI was biased against women. The problem with the AI had nothing to do with the way it was coded. The AI reflected historical bias in Amazon's hiring process. The unconscious bias of hiring managers had been codified in the recommendations of the AI, which learned to favor male candidates. Amazon canceled the project before it was ever deployed and reviewed its hiring practices. Sometimes AI holds a mirror up to our own humanity.

      Gather Data Today to Feed Your AIs of the Future

      AIs have a voracious appetite for data. Build data pipelines to source the data today that you will need to train the AIs of the future. Your AI strategy informs your data strategy. Your data strategy informs your sensor strategy, your partnership strategy, your hiring strategy, and your IT strategy. Figure out what data you will need and where you will get it from. Think of this as another strategic “make versus buy” decision.

      Data storage is relatively cheap. You never know what operational, customer, market, and other insights tomorrow's AI might find hidden inside today's data. It goes without saying that every business should adhere to all relevant data privacy and data retention laws. Wherever possible, businesses should gather and archive as much data as possible, particularly data that comes from machine operations, sensors, and market research. Today's data is tomorrow's AI fuel.

      Develop New Products and Services

      Final Thoughts

      At the beginning of the twentieth century, every business had to grapple with electrification. In the late twentieth century, every business had to understand and embrace digital technology. To remain competitive, every business must now build a comprehensive strategy that embraces artificial intelligence in every aspect of their operations. No exceptions. No delay.

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