Ideas with Legs

The No Nonsense Approach To Measuring The ROI of Your AI Investments


Listen Later

In this podcast, I'm going to show you the no nonsense approach to measuring the ROI of your AI investments.
Measuring the impact of your AI investments doesn't have to be daunting. Here's a straightforward approach:
1️⃣ KPI Tracking: Monitor key performance indicators, like cost reduction, efficiency boost, customer satisfaction, or desired innovation behaviors.
2️⃣ Cost-Benefit Analysis: Calculate AI costs, including software, hardware, training, and workflow disruptions. Then weigh them against benefits such as time saved, increased revenue, or happier customers.
3️⃣ Benchmarking: Evaluate AI tools' effectiveness and specific observable, measurable behaviors. Traits like innovation won't cut it, but actions like seeking feedback on your latest AI tool will.
Understanding your AI's impact is crucial for culture and growth. It's simpler than you think! 🚀
Make sure you claim your free Innovation Checklist to create rapid innovation at minimal risk here: https://breakthroughinnovator.com/

...more
View all episodesView all episodes
Download on the App Store

Ideas with LegsBy nils vesk