What is 4W’s Canvas in AI Project Life Cycle? Illustrate with one example.
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Explanation:
Creating an AI Project always involves answering the same questions: What is the value you’re adding? What data do you need? Who are the customers? What costs and revenue are expected?
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In 2008, Alexander Osterwalder developed the Business Model Canvas, which has since enjoyed tremendous success in explaining business models around the world. What used to take a 30-page business plan to detail a business idea, could now be captured on one page. It works well with the Lean Startup methodology, enabling you to focus on value-adding activities and quickly creating MVP-driven products.
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