Business & Personal Growth

  While we have a structured PM framework which we typically use for all our traditional IT projects, managing AI/ML projects entails a lot of exploratory phases which becomes challenging for PMs to manage. Unlike our typical IT projects, there is no specific solution that the team can implement and goes through the discovery phase to ensure if this is the right implementation for the business case in hand. From the Business standpoint, organizations are aware of the potential benefits these evolving technologies bring to them in terms of increased revenue & business growth in this digital world. With this pandemic around, several organizations have adopted digital transformation to streamline their business processes & embrace new systems making AI-based projects a new norm in the foreseeable future. However, the businesses are yet to chalk out the concrete use cases they would be benefitting from. Right from the uncertainty of the business outcome to designing and impleme...

With the advent of modern technologies like AI & ML, their applications are largely being discussed & predicted in various domains & business functions. AI is a technology that helps in forecasting the future by recognizing the pattern of the humongous amount of available datasets. According to one of the surveys by PMI, it is estimated that 81% of organizations are impacted by AI technologies in one way or the other. Today I would like to outline how AI’s ability to interpret events, unfold future predictions & take automated decisions can largely affect the Project management field, their practices, their laid-down framework, and their tools & softwares. These days, project managers face a lot of challenges while managing complex projects, where there are multi-disciplinary teams to handle along with a number of variables to take care of. Often we’ve experienced projects falling short of either of their boundary parameters: - Schedule, Budget & Quality, thereb...