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A financial institution is implementing a new AI system for fraud detection. The project team must ensure the data meets the needs of the AI solution by verifying data quality, completeness, and relevance. They have access to various internal and external data sources.

Which method addresses the project team's objectives?

A.

Conducting a comprehensive data audit and cleansing process

B.

Limiting the data sources to internal databases to avoid complications

C.

Integrating data without improvement checks to expedite the project timeline

D.

Using pretrained models without tailoring to specific data

An AI project team has prepared the data and is ready to proceed with model development.

Which action should the project manager perform next?

A.

Conduct a final assessment of the data quality

B.

Document the performance metrics for the model

C.

Ensure go/no-go questions have well-defined answers

D.

Prepare a report on the model's scalability

A manufacturing company is considering implementing an AI solution to optimize its supply chain. The project manager needs to determine if AI is necessary for this task.

Which action will address the requirements?

A.

Determining the specific cognitive tasks that AI can perform within the supply chain

B.

Evaluating the scalability of AI solutions for supply chain optimization

C.

Assessing the cost-benefit ratio of an AI implementation for the supply chain

D.

Identifying noncognitive versus AI methods used in supply chain management

A government project plans to implement an AI-based fraud detection system and the project team needs to define the success criteria. They identified potential improvements in detection accuracy, reduction in investigation time, and cost savings as key performance indicators (KPIs). However, they are unsure how to effectively quantify these KPIs.

Which two approaches should be used? (Choose 2)

A.

Rely on only qualitative feedback from stakeholders

B.

Implement a continuous performance monitoring system

C.

Use random benchmarks without industry comparison

D.

Establish a baseline using historical data comparisons

E.

Set fixed performance targets based on theoretical models

A project involves integrating AI systems across multiple departments, each with different access levels. This complex AI project has presented the project manager with significant issues related to data misuse. The project team has been focused on their ethics guidelines but continues to experience data misuse. The project involves different regional data protection regulations which further increases the complexity.

What issue will cause these challenges to occur?

A.

Limited awareness of explainability requirements

B.

Lack of a detailed plan addressing a governance strategy

C.

Overlooking algorithmic bias and fairness concerns

D.

Failure to implement robust encryption for data security

A team is in the early stages of an AI project. They need to ensure they have the necessary data and technology to support AI solution development.

What is the first step the project team should complete?

A.

Assess the team's current AI and data expertise

B.

Outline the business objectives for the AI project

C.

Identify the gaps and procure the needed tools

D.

Verify the availability and quality of the required data

An aerospace firm is developing an AI system for predictive maintenance of their aircraft. The project team needs to define the required data to train the model.

Which activity should the project manager implement?

A.

Setting up real-time data streaming from aircraft sensors

B.

Implementing data cleaning and preprocessing routines

C.

Developing a comprehensive data collection strategy

D.

Conducting a pilot test with a small dataset

A finance company is planning an AI project to improve fraud detection. The project manager has identified multiple cognitive patterns that can be used.

Which method will narrow the project scope?

A.

Prioritizing patterns based on their potential impact and complexity

B.

Comparing cognitive patterns against noncognitive requirements

C.

Rotating through cognitive and non-cognitive patterns sequentially in short iterations

D.

Implementing all identified patterns in parallel to test their effectiveness

A logistics company wants to optimize its delivery routes while adapting to real-time traffic conditions.

Which AI pattern or patterns meet these goals?

A.

Recognition and content summarization

B.

Automation and rule-based systems

C.

Conversational

D.

Predictive analytics

A financial services firm is building an AI model to detect fraudulent transactions. Identifying and validating data sources is critical to the model's success.

What is an effective method that helps to ensure data accuracy?

A.

Utilizing data lineage tools to track data origin and transformations

B.

Employing a federated database system for decentralized data access

C.

Implementing a blockchain-based ledger for transaction data

D.

Setting up a batch processing system for data cleansing