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The average return on investment in AI is 3.5 times, and on average, businesses realise a return on their AI investments within 14 months of deployment. IDC Survey – The Business Opportunitiy of AI
REFERENCE
Over the past few months we have created a series of Blogs about overcoming AI Problems and successfully implementing AI in your business.
Based on that experience we are more than ready to summarise where we are up to in the Series and set out the first AI Pitch!
There are two simple building blocks to set out to create the right message for moving forward:
The first is to set out a Top Ten of key AI buy-in developments that have been happening over the past few months;
The second is to set out the Top Ten practical business applications where AI is rapidly being applied.
INTRODUCTION
THE BIG FUNDAMENTALS: THIS IS MY TOP TEN LIST
- The VC’s are looking for and funding practical AI applications
- The Chip Makers are reporting that Inference is more important than Training
- The Surveys indicate more firms seeing the need to get behind AI
- There are now Prompt Libraries for anyone to leverage
- Data is King. Every business has data or is growing data.
- The AI start up market is still booming worldwide (US led the way)
- There are constant improvements to AI Apps making them easier to use and apply
- Every Sector and Function in Business has an AI solution pending
- AI Partnerships with Companies and Tech are fast growing
- AI is simply part of ongoing Tech Revolutions that historically have driven productivity gains
- Researchers, like the UN on Content Transformation, are telling us the easiest paths to follow
- And there are New App Stores springing up all the time
SECTIONS
AI BEGETS AI
I don’t even have to do independent research on AI for Business because AI itself has already picked the Top Ten:
The ten data sets by business function that I could leverage with data analytics or AI.
https://www.phind.com/search?cache=npofr1z9uho7eeeb21x38cjy
END GAME
THE END GAME
Being an AI Champion has never been easier whether you are pitching it inside your own firm or pitching it as an external advisor.
In this sense AI has been the seed of its own promotion like never before.
Playing the game isn’t a steep learning curve: it is a golden opportunity for proactive businesses and a code red for companies that are inactive.
In Part 2 we will be looking at the Productivity Drivers of the Pitch Deck
.