The following is a mini playbook for how the organization should both investigate and evaluate a proposed AI project Define the issue and the goals Start by stating the business issue that the suggested AI initiative seeks to address Determine the precise goals and key performance indicators (KPIs) that will be employed to gauge progress Analyze the Quality and Availability of the Data Evaluate the quality and accessibility of the data needed to develop and validate the AI model Determine if there are any biases or data gaps that could affect how well the AI solution works Determine the best AI technique for the current issue by choosing the appropriate AI technique This could involve a combination of methods such as computer vision, deep learning, natural language processing, or machine learning Determine the resources needed to design and implement the AI solution, such as the amount of processing power, data storage, and experience required Analyze the company's resources to see if they are sufficient or if further funding is required Assess Potential Risks Examine potential dangers that could arise from the proposed AI project, including those related to data security, privacy, and morality Create a strategy to reduce these risks Test and evaluate the AI model's performance by creating a prototype and comparing it to the specified goals and KPIs Check the model's precision, effectiveness, and scalability 7 Deploy the AI solution into the production environment when it has been validated, and then keep an eye on it Regularly check on the AI solution to make sure it is still achieving the desired results and goals Based on this, answer the below question Using a real life organization, consider a customer facing product or service within your industry (or the industry you would like to intend to work in once you graduate) that could be enhanced for increased customer value by better prediction This enhancement should NOT already exist in the current marketplace Apply the above given playbook is this an opportunity worth pursuing If you believe there are additional important considerations or assumptions to be made beyond your playbook, then include them here as well

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The following is a mini playbook for how the organization should both investigate and evaluate a proposed AI project: Define the issue and the goals:

The following is a mini playbook for how the organization should both investigate and evaluate a proposed AI project:

Define the issue and the goals: Start by stating the business issue that the suggested AI initiative seeks to address. Determine the precise goals and key performance indicators (KPIs) that will be employed to gauge progress.
Analyze the Quality and Availability of the Data: Evaluate the quality and accessibility of the data needed to develop and validate the AI model. Determine if there are any biases or data gaps that could affect how well the AI solution works.
Determine the best AI technique for the current issue by choosing the appropriate AI technique. This could involve a combination of methods such as computer vision, deep learning, natural language processing, or machine learning.
Determine the resources needed to design and implement the AI solution, such as the amount of processing power, data storage, and experience required. Analyze the company's resources to see if they are sufficient or if further funding is required.
Assess Potential Risks: Examine potential dangers that could arise from the proposed AI project, including those related to data security, privacy, and morality. Create a strategy to reduce these risks.
Test and evaluate the AI model's performance by creating a prototype and comparing it to the specified goals and KPIs. Check the model's precision, effectiveness, and scalability.

7. Deploy the AI solution into the production environment when it has been validated, and then keep an eye on it. Regularly check on the AI solution to make sure it is still achieving the desired results and goals.

Based on this, answer the below question:

Using a real-life organization, consider a customer-facing product or service within your industry (or the industry you would like to/intend to work in once you graduate) that could be enhanced for increased customer value by better prediction. This enhancement should NOT already exist in the current marketplace. Apply the above-given playbook - is this an opportunity worth pursuing? If you believe there are additional important considerations or assumptions to be made beyond your playbook, then include them here as well