From the course: Artificial Intelligence for Project Managers
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Make data-driven decisions with AI
From the course: Artificial Intelligence for Project Managers
Make data-driven decisions with AI
- Have you ever heard the phrase data-driven as in data-driven projects, but what exactly does that mean? In a nutshell, it means decisions are made primarily based on hard data instead of pure intuition or personal experiences. As more data gets captured, insights are gleaned, informed decisions are made, and lessons learned are documented. Once archived, these lessons learned can be used as inputs into future projects. Notice how a virtuous cycle is created. The continuous feedback loop improves project results over time. This is how value is derived. IBM found that 43% of CEOs are using generative AI, AKA Gen AI to inform strategic decisions. We're already seeing evidence of this in our personal lives and everyday things such as AI powered product recommendations to personalized AI generated content. The integration of Gen AI into the decision making process opens up a world of possibilities. This is where applications such as chatbots come into play today. They're the most…
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