You are a development manager working for a financial institution that lends money for home buyers. The institution you work for makes, almost, all the underwriting decisions in a manual manner with the help of some technology tools like excel. Your Manager heard about AI and how it can help automate this process. You are assigned the task of launching an AI initiative in the organization to develop some AI applications in order to automate some of the tasks including the underwriting task mentioned above. Your manager told you about his vision of trying to automate many other sides of the business and work towards becoming an AI enabled company. For the automated underwriting application, your delivery date is after 1 year. In your own term please explain how you would go about approaching this problem. Your answer has to contain the following.

1- What are the decisions you are going to make including: Hiring new employees, outsource the work to a company in the technology industry?

2- Who is going to make business decisions: yourself with the business team vs Technical people.

3- One of the things that you were asked to do is to investigate other automation opportunity within the institution. This is a big financial institution that lends money. What other tasks, business processes, you believe AI can help you address.