In an article in Fast Company, members of Fast Company Executive Board share their tips for companies to use AI to increase growth while managing the potential risks involved. With a well-planned approach that focuses on organizational goals and measurements for success, your company can leverage AI sustainably to support your team.
Zoi Capital Managing Director, a member of the Fast Company Executive Board, was quoted about how companies building AI solutions need to focus on the ROI of their solutions for the target customers and avoid thinking that having AI in your name will drive adoption of low ROI solutions!
From the article:
7. FOCUS ON OUTCOMES.
Companies don’t buy AI. They buy solutions to improve their businesses. If AI means better solutions, they will invest in it. Otherwise, it’s just a buzzword! Each use case will take time and effort to launch. Companies need to have frameworks and scorecards to evaluate the ROI of any solutions versus the cost of acquiring, implementing, and maintaining it all. Prioritize high ROI with lower costs! – Ronald M. Razmi, Zoi Capital
https://www.fastcompany.com/91185223/20-tips-to-boost-productivity-with-ai-while-managing-its-risks
