Module 3 Flashcards
List the 4 phases of the AI development lifecycle
- Planning
- Design
- Development
- Implementation
What needs to be done in the planning stage of the AI development lifecycle?
- Determine the business objectives and requirements
- Determine the scope of the project
- Determine the governance structure and responsibilities
List the main types of business problems
- Classification business problem
- Regression business problem
- Recommendation business problem
What is a classification business problem?
You want to use an AI system to classify data into different types
What is a regression business problem?
You are looking for an AI system to predict what you should do in the future based on past data
What is a recommendation business problem?
AI is used for recommendations of what to do for a particular problem, such as viewer recommendations or product recommendations
List key questions to help define the business problem
- What type of results are you expecting from the use of the AI system, what do you want to happen, how would you like to solve the problem
- What processes are currently in use to solve the problem that you can leverage as part of your AI system
- What type of improvement in what you are doing are you expecting
- What are the key performance indicators you want to track to understand how well the AI system is performing later
- What resources do you have available to use to solve the business problem
How do you figure out the answers to your business problems?
- Conduct user interviews
- Conduct market research on AI systems
- Identify AI use cases
- Use the right data
Why is it important to conduct market research?
To understand what types of AI systems are available, how they are used and what type of AI system fits into your organization for the problem you are looking to solve
What should you consider when identifying AI use cases?
Focus on the organizational mission, what is your mission, what do you do, what’s important to you, what are your main goals, where are the gaps in reaching those goals
During the planning stage, how do you identify the right data?
See what is accessible to you, look at existing areas where you obtain data but also new areas that may offer new data
What should you consider when scoping a project?
- Use cases – what your business needs are, then prioritize which problem you want to solve first
- Impact of AI system for the problem – will the impact be big, will it solve the problem, what effort and resources are required, how long is it going to take
- Fit of AI system – how well does the use of an AI system fit with the goals of your organization and the problems you want to solve
What are the first things you should do to set up a governance structure?
- Look at existing governance structures
- Identify an executive to be a champion
What key things should you clarify in your governance structure?
- Who is responsible for maintaining and implementing the AI governance structure
- Who writes AI policies and procedures
- Who is responsible for monitoring development and testing, and selecting particular AI systems
What should be included in your data strategy during the design stage of the AI development lifecycle?
- Data gathering
- Wrangling
- Cleansing
- Labelling
- Applying PETs