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The Art of Measuring the ROI of AI
Manage episode 416447034 series 3485568
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Measuring the return on investment (ROI) of artificial intelligence (AI) initiatives is crucial for businesses to understand the impact and effectiveness of their AI projects. AI has become an integral part of many industries, and organizations are investing significant resources into implementing AI solutions. However, without measuring the ROI, it is difficult to determine whether these investments are generating the desired outcomes.
This podcast provides guidance for measuring AI ROI, including the importance of doing so, key metrics and indicators, identifying the right use cases, setting goals and objectives, collecting and analyzing data, evaluating costs and benefits, measuring impact on business performance, communicating results to stakeholders, continuous improvement and optimization, and best practices for different industries and applications.
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