Description
Product Category: Best Practices Guides
Format: PDF
Best Practices for Calculating ROI in AI Implementations
Calculating the return on investment (ROI) for artificial intelligence implementations presents unique challenges due to the complex nature of AI systems, indirect benefits, and long-term impacts. Traditional ROI calculations often fail to capture the full value and nuanced benefits of AI implementations. This guide provides a structured approach to comprehensively assess and measure the returns on AI investments, considering both quantitative and qualitative factors. By following these best practices, organizations can develop more accurate and meaningful ROI calculations that reflect the true value of their AI initiatives while accounting for associated costs and risks. This framework helps stakeholders make informed decisions about AI investments and demonstrate the value of AI implementations to the organization.
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/
