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Insights: Whitepaper
Fundamentals of AI: Models, Metrics and Trade-offs: AI and GenAi Demystified

Everyone is talking about AI, from making your pictures insta-friendly at home to assisting in your customers experience at work, it’s here, and it’s not going anywhere!

This series of 3 papers dive deep into what you need to know about AI to make informed decisions. Written specifically to support Board members and other leaders, the series examines 7 key questions to ask of any AI solution that your organisation is considering procuring.

This paper explains AI models. What they are, how they should be tested, how models can be suitably evaluated and how clarity in trade-offs is of the utmost importance before taking the plunge. The paper also explains some of the key terms you will hear in discussion of AI based platforms.

Content

  • Why AI models are not like software development
  • The basics of GenAI
  • Precision and Recall: the key metrics for AI models and how to use them
  • Scale and trade-offs: the key requirements for choosing models
  • Other options to get the job done?
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