Is AI even worth it for your business? 5 expert tips to help prove ROI

Here is a 180-word summary of the news article: The article discusses the challenge of proving the return on investment (ROI) of AI for businesses. While AI has significant potential, measuring its value can be difficult. The article offers five expert tips to help businesses demonstrate the ROI of AI: 1. Define clear, measurable goals for your AI implementation. Determine specific metrics to track, such as cost savings or efficiency improvements. 2. Start small and demonstrate value before scaling up. Pilot AI on a limited scope to show its impact before investing heavily. 3. Involve key stakeholders throughout the process. Get buy-in from executives and end-users to ensure the AI solution aligns with business needs. 4. Track both direct and indirect benefits of AI. Consider factors like improved decision-making and customer satisfaction in addition to hard cost savings. 5. Be patient and persistent. Realizing the full value of AI can take time, so continuously monitor progress and refine the approach as needed. By following these tips, the article suggests businesses can more effectively prove the ROI of their AI investments and maximize the benefits of the technology.