Predicting the ROI of AI – Pitfalls to AI Adoption in the Enterprise (Part 3 of 3) – Daniel Faggella

  • If you work for a results oriented company, the topic of ROI will be central to your pitch for funding/capital. In this post Daniel from does a really nice job offering suggestions to get your project started. Here are a couple snippets. A link to the full post at the bottom.
    • “If you’re a banking executive and all you do is read banking press releases before you spend money with AI vendors, you are inevitably going to be investing in the wrong places. It makes sense to get a deep understanding of where a return on investment is being garnered with AI in your sector.
    • They’re re-imagining their business in the era of Amazon, and recommendations is a very big priority for them. If that’s the case, it’s worth understanding which facets of recommendations within the world of eCommerce and brick-and-mortar retail are actually garnering a return.
    • So when we’re looking for an ROI as a business, we might want to look for a technology we’re already shopping for that might be served via an artificial intelligence vendor in a way that is going to be relatively easy in terms of integration.”

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