Bottom Line
How can we take the hype of AI/ML and make it practical in a real life business with existing teams, infrastructure, and processes? The answer to this question is what I would call Practical AI, and in the words of my good friend Chris Benson (a chief scientist at Honeywell):
You can, and likely should, be considering how AI will be integrated into your engineering organization. However, when starting this sort of effort, you should follow at least some of the guidelines above to ensure that you are integrating Practical Artificial Intelligence, and not just wasting money on intellectually interesting experiments.