Achieving Return on AI Projects

“The Spanish telecommunications company Telefonica O2, for example, adopted RPA several years ago for back-office administrative tasks and got ROIs of between 650% and 800%.

These six strategies can help guide the data science team toward a greater chance of success in these cross-unit projects.

  1. Focus on partnerships with AI-friendly business units.
  2. Select projects with tangible values and a clear path to production.
  3. Foster stakeholder trust and sponsorship in advance of development.
  4. Build reusable AI products to drive scale.
  5. Use PoCs selectively, but create a path to implementation.
  6. Manage the project pipeline toward full implementation.”

https://www.google.com/amp/s/sloanreview.mit.edu/article/achieving-return-on-ai-projects/amp

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