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Building an Effective AI Team: Key Roles and Responsibilities

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Digital Business: An Unlimited Opportunity

In today’s rapidly evolving digital business landscape, the integration of Artificial Intelligence (AI) is not merely an option—it’s a necessity. Harnessing the power of AI can be a game-changer, transforming the way companies operate and making them more competitive. To embark on this journey successfully, businesses must establish a proficient AI team. In this article, we will delve into the fundamental elements of building an AI team, outlining key roles and responsibilities that are crucial for a seamless AI implementation.

Understanding the Essence of an AI Team

An AI team is more than a group of individuals working on machine learning algorithms. It is a multidisciplinary ensemble that combines diverse expertise to achieve a common goal: to infuse AI-driven insights into the heart of a digital business. Here are the essential roles that constitute a well-rounded AI team:

Data Scientists

Data scientists are the architects behind AI models. They possess a deep understanding of mathematical and statistical concepts, enabling them to develop predictive and prescriptive models. Their responsibilities include:

–       Collecting, cleaning, and preprocessing data.

–       Designing and training machine learning models.

–       Evaluating model performance and iterating for improvement.

–       Collaborating with domain experts to refine AI solutions.

Example: A data scientist at an e-commerce company might create recommendation algorithms that enhance user shopping experiences.

Machine Learning Engineers

Machine learning engineers bridge the gap between research and production. They focus on deploying and scaling machine learning models, ensuring they work seamlessly in real-world applications. Responsibilities include:

– Developing and optimizing algorithms for production use.

– Building scalable and efficient AI pipelines.

– Collaborating with data scientists to translate research into practical applications.

– Ensuring the reliability and robustness of deployed models.

Example: A machine learning engineer at a ride-sharing company might work on real-time demand forecasting models to optimize driver allocation.

Data Engineers

Data engineers lay the foundation for AI by creating robust data infrastructure. They build pipelines to extract, transform, and load (ETL) data, making it accessible for analysis and modeling. Their responsibilities encompass:

– Designing and maintaining data warehouses and databases.

– Building data pipelines for efficient data flow.

– Ensuring data quality, consistency, and security.

– Collaborating with data scientists and engineers to support AI initiatives.

Example: A data engineer at a healthcare organization might construct a secure and compliant data pipeline for patient records.

Domain Experts

Domain experts possess deep industry knowledge and an understanding of the business’s specific challenges and opportunities. Their role is to collaborate closely with data scientists and engineers to define AI objectives and interpret results effectively. Responsibilities include:

– Providing subject matter expertise to frame AI problems.

– Validating AI solutions against real-world requirements.

– Ensuring alignment between AI initiatives and business goals.

– Identifying opportunities for AI-driven innovation within the industry.

Example: A healthcare domain expert collaborates with data scientists to develop AI-powered diagnostic tools tailored to specific medical specialties.

Project Managers

Project managers are the orchestrators of AI initiatives. They oversee the planning, execution, and monitoring of AI projects to ensure they meet deadlines and objectives. Their responsibilities encompass:

– Defining project scopes and goals.

– Managing resources and budgets.

– Mitigating risks and solving challenges.

– Facilitating communication and collaboration within the team.

Example: A project manager at a financial institution ensures the successful implementation of AI-driven fraud detection systems.

AI raises ethical and legal considerations, particularly with respect to privacy, fairness, and transparency. Ethicists and legal advisors play a critical role in ensuring that AI initiatives adhere to ethical guidelines and legal regulations.

Example: Ethicists and legal advisors at a retail company work together to ensure that AI-driven customer profiling respects data privacy laws and avoids biases.

The Power of a Cohesive AI Team

In a digital business environment, the success of AI implementations depends on the effectiveness of the AI team. Each role within the team contributes unique expertise, fostering collaboration and synergy. By understanding the roles and responsibilities outlined above, digital business companies can set themselves on the path to AI success. Building a proficient AI team is not an option; it’s a strategic imperative that ensures the harnessing of AI’s transformative potential.

In conclusion, with the right blend of data scientists, machine learning engineers, data engineers, domain experts, project managers, and ethicists/legal advisors, digital businesses can unlock the full potential of AI and gain a competitive edge in the evolving landscape of technology and innovation.

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Michael Woodall

Chief Growth Officer of Financial Services

Michael Woodall, as the Chief Growth Officer of Financial Services at Altimetrik, spearheads the identification of new growth avenues and revenue streams within the financial services sector. With a robust background and extensive expertise, Michael brings invaluable insights to his role.

Previously, Michael served as the Chief of Operations and President of the Trust Company at Putnam Investments, where he orchestrated strategic developments and continuous operational enhancements. Leveraging strategic partnerships and data analytics, he revolutionized capabilities across investments, retail and institutional distribution, and client services. Under his leadership, Putnam received numerous accolades, including the DALBAR Mutual Fund Service Award for over 30 consecutive years.

Michael’s dedication to industry evolution is evident through his involvement with prestigious organizations such as the DTCC Senior Wealth Advisory Board, ICI Operations Committee, and NICSA, where he served as Chairman and now holds the position of Director Emeritus. Widely recognized as an industry luminary, Michael frequently shares his expertise with various divisions of the SEC, solidifying his reputation as a seasoned presenter.

At Altimetrik, Michael plays a pivotal role in driving expansion within financial services, leveraging his expertise and Altimetrik’s Digital Business Methodology to ensure clients navigate their digital journey seamlessly, achieving tangible outcomes and exponential growth.

Beyond his corporate roles, Michael serves as Chair of the Boston Water & Sewer Commission, appointed by the Mayor of Boston, and is actively involved in various philanthropic endeavors, including serving on the board of the nonprofit Inspire Arts & Music.

Michael holds a distinguished business degree from Northeastern University, graduating with distinction as a member of the Sigma Epsilon Rho Honor Society.

Anguraj Kumar Arumugam

Chief Digital Business Officer for the U.S. West region

Anguraj is an accomplished business executive with an extensive leadership experience in the services industry and strong background across digital transformation, engineering services, data and analytics, cloud and consulting.

Prior to joining Altimetrik, Anguraj has served in various positions and roles at Globant, GlobalLogic, Wipro and TechMahindra. Over his 25 years career, he has led many strategic and large-scale digital engineering and transformation programs for some of world’s best-known brands. His clients represent a range of industry sectors including Automotive, Technology and Software Platforms. Anguraj has built and guided all-star teams throughout his tenure, bringing together the best of the techno-functional capabilities to address critical client challenges and deliver value.

Anguraj holds a bachelor’s degree in mechanical engineering from Anna University and a master’s degree in software systems from Birla Institute of Technology, Pilani.

In his spare time, he enjoys long walks, hiking, gardening, and listening to music.

Vikas Krishan

Chief Digital Business Officer and Head of the EMEA region

Vikas (Vik) Krishan serves as the Chief Digital Business Officer and Head of the EMEA region for Altimetrik. He is responsible for leading and growing the company’s presence across new and existing client relationships within the region.

Vik is a seasoned executive and brings over 25 years of global experience in Financial Services, Digital, Management Consulting, Pre- and Post-deal services and large/ strategic transformational programmes, gained in a variety of senior global leadership roles at firms such as Globant, HCL, Wipro, Logica and EDS and started his career within Investment Banking. He has developed significant cross industry experience across a wide variety of verticals, with a particular focus on working with and advising the C-Suite of Financial Institutions, Private Equity firms and FinTech’s on strategy and growth, operational excellence, performance improvement and digital adoption.

He has served as the engagement lead on multiple global transactions to enable the orchestration of business, technology, and operational change to drive growth and client retention.

Vik, who is based in London, serves as a trustee for the Burma Star Memorial Fund, is a keen photographer and an avid sportsman.

Megan Farrell Herrmanns

Chief Digital Officer, US Central

Megan is a senior business executive with a passion for empowering customers to reach their highest potential. She has depth and breadth of experience working across large enterprise and commercial customers, and across technical and industry domains. With a track record of driving measurable results, she develops trusted relationships with client executives to drive organizational growth, unlock business value, and internalize the use of digital business as a differentiator.

At Altimetrik, Megan is responsible for expanding client relationships and developing new business opportunities in the US Central region. Her focus is on digital business and utilizing her experience to create high growth opportunities for clients. Moreover, she leads the company’s efforts in cultivating and enhancing our partnership with Salesforce, strategically positioning our business to capitalize on new business opportunities.

Prior to Altimetrik, Megan spent 10 years leading Customer Success at Salesforce, helping customers maximize the value of their investments across their technology stack. Prior to Salesforce, Megan spent over 15 years with Accenture, leading large transformational projects for enterprise customers.

Megan earned a Bachelor of Science in Mechanical Engineering from Marquette University. Beyond work, Megan enjoys playing sand volleyball, traveling, watching her kids soccer games, and is actively involved in a philanthropy (Advisory Council for Cradles to Crayons).

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