Given the current situation every enterprise has opened up there AI wings & are trying to invest in AI applications to meet the competitive demand of the market, one way we are identifying areas in business processes where AI can be plugged in to reduce cost, however there are huge risks as predicted by Gartner that Enterprises will lose up to 500Mn $ by 2030 due to decisions taken by AI. Having said that I wanted to understand the mechanism of evaluating the different ways how can we allocate cost for any AI project, I mean cost heads.. Saving Changes...
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Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
It will depend on the application of AI. For example, in most of the initiatives I am working from more than 20 years ago the justification of this type of solutions are justifying in FTEs (Full Time Equivalent) reduction and Value Stream optimization. Saving Changes...
As I answered in a similar post this morning, it starts by identified the operational KPI which will be used to measure performance or improvements. Measure it before and after implementation of the AI and then translate that into a financial value which can be compared to the costs (one-time and ongoing) of the AI.
