No ROI in AI yet? Try these six proven tactics for creating real business value

The article discusses the potential of AI (Artificial Intelligence) to create real business value, despite the perception of a looming "AI bubble." Fausto Fleites, an expert in the field, suggests that instead of dismissing AI's potential, businesses should focus on implementing six proven tactics to turn AI concepts into valuable production services. The key points highlighted in the article include: 1. Aligning AI initiatives with business objectives and priorities. 2. Prioritizing use cases that can deliver quick wins and demonstrate tangible ROI (Return on Investment). 3. Ensuring data quality and accessibility to support AI models. 4. Building cross-functional teams with diverse skills to drive AI projects. 5. Iterating and continuously improving AI models based on feedback and performance. 6. Establishing governance frameworks to manage AI risks and ensure ethical deployment. The article emphasizes that while the hype around AI may have created unrealistic expectations, a focused and pragmatic approach can help businesses unlock the true value of AI and avoid the potential "AI bubble" bursting.