Machine learning and your business: The journey from concept to reality.

Stuart, A. (2020, August 3). Machine learning and your business: The journey from concept to reality. MIT Sloan Management Review. https://sloanreview.mit.edu/sponsors-content/machine-learning-and-your-business-the-journey-from-concept-to-reality/

In this executive interview, Michelle K. Lee of AWS explores how machine learning has transitioned from an academic pursuit to a mainstream business necessity driven by cloud computing and decreased storage costs. The discussion highlights diverse real-world applications—ranging from predictive healthcare and logistical efficiency to personalized retail—to demonstrate that every organization can find high-value opportunities for automation and forecasting. Lee identifies four primary hurdles to success, emphasizing that a robust data strategy and closing the internal skills gap are more critical than simply hiring a team of scientists. Ultimately, the text argues that achieving digital transformation requires a top-down cultural shift where leaders prioritize identifying specific, measurable use cases rather than building complex infrastructure from scratch.