Description
Product Category: Best Practices Guides
Format: PDF
Best Practices for Conducting Cost-Benefit Analysis of AI Solutions
A thorough cost-benefit analysis (CBA) for artificial intelligence solutions requires a sophisticated understanding of direct and indirect impacts across multiple time horizons. Traditional CBA methods often fall short in capturing the unique characteristics of AI implementations, including network effects, scalability benefits, and potential societal impacts. This guide provides a structured approach to conducting comprehensive cost-benefit analyses specifically tailored for AI solutions, considering both quantitative and qualitative factors. By following these best practices, organizations can make more informed decisions about AI investments while accounting for the full spectrum of potential benefits and costs, including those that may not be immediately apparent in traditional financial analyses.
Paid subscribers can login and download the PDF file. In addition to this, there are 100 other Best Practices guides in this series. For a complete list of Best Practices, please visit https://www.kognition.info/best-practices-guides/
