Misjudging Data Quality Requirements: Startups often underestimate the importance of data quality, which can lead to unreliable products. CTOs should establish robust data collection and cleaning processes early on.
Ignoring Ethical and Bias Concerns: Bias in AI systems can lead to flawed outcomes. CTOs should evaluate datasets for bias, audit models regularly, and be transparent about limitations and risks.
Overpromising AI Capabilities: It's important to manage expectations and be transparent about the limitations of AI. CTOs should start with smaller, tangible goals and ensure scalability once foundational models prove their value.
Underestimating Infrastructure Needs: AI can be resource-intensive, so CTOs should evaluate computational requirements early on and consider cloud-based solutions or partnerships to manage costs without sacrificing performance.