Ep 725: Measuring AI ROI: Why you’re doing it wrong and the 7 Steps to fix it (Start Here Series Vol 11)

Why can't most companies show their ROI on GenAI? 

Because their implementation is backwards.

If you're using the same digital transformation playbook that you used for the social media and cloud eras, you're in trouble. 

On this 'Start Here Series' episode, we break down what your company is doing wrong and the 7 Step process to properly calculate ROI on your AI efforts. 

Measuring AI ROI: Why you’re doing it wrong and the 7 Steps to fix it -- An Everyday AI Chat with Jordan Wilson

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Topics Covered in This Episode:

1. Proving and Measuring AI ROI in Companies
2. OpenAI’s GDP Benchmark: AI vs Experts
3. Debunking MIT’s Viral Zero ROI Study
4. Quantitative AI ROI Data from Business Studies
5. Invisible Productivity: AI Savings Pocketed by Workers
6. Limitations of Pre-AI Job Roles and Metrics
7. ROI Calculation: Time Saved and Cost Reduction
8. Five Main Reasons AI ROI Isn’t Measured
9. Seven-Step AI ROI Measurement Blueprint
10. Importance of Ongoing AI Model Retesting
11. AI ROI: Training, Education, and Implementation Gaps

Timestamps:

00:00 "AI ROI: Fixing the Debate"

04:50 "AI ROI Debate is Pointless"

08:03 AI Implementation Yields Positive ROI

12:13 AI Reshaping Work Structures

15:08 AI ROI Challenges

20:11 "Baseline Assessment Before AI Implementation"

23:49 "AI Operating System Discussion"

24:35 "Standardized Testing for AI Models"

28:26 "Rethink AI ROI Urgency"

31:37 "Everyday AI: Subscribe & Explore"

Keywords: 

measuring AI ROI, AI return on investment, generative AI ROI, GenAI ROI measurement, ROI on artificial intelligence, AI productivity, time saved with AI, cost reduction with AI, AI-driven revenue increase, AI risk avoidance, AI implementation, baseline assessment of AI, BASE framework, pre-AI baseline, digital transformation and AI, quality metrics in AI, cost per task AI, error rates AI, throughput AI, AI utilization rate, AI pilot evaluation, AI business impact, A

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Start Here ▶️

Not sure where to start when it comes to AI? Start with our Start Here Series. You can listen to the first drop -- Episode 691 -- or get free access to our Inner Cricle community and all episodes: StartHereSeries.com 

Also, here's a link to the entire series on a Spotify playlist.