If you’re wondering, “How can I use AI in a way that brings the maximum benefit to my business while generating the maximum ROI?” you’re not alone. Artificial Intelligence (AI) has taken the world by storm, with countless business leaders pondering ways to leverage AI within their organizations.
But just any AI implementation won’t do. If you deploy AI simply so you can say that you use AI, you could find yourself with technology that simply doesn’t deliver when it comes to the benefits and ROI. You need to deploy the right kind of AI for business — technology that solves a problem within your organization while simultaneously freeing human workers to focus on higher-level tasks while AI handles the repetitive, repeatable tasks that tend to drag down morale.
Choosing the Right Kind of AI for Business Challenges
When it comes to AI for business, a problem → solution approach is generally most effective, generating a healthy ROI that persists over the long term. With this strategy, business leaders identify the challenges, problems and inefficiencies within their organization.
Once an AI implementation opportunity is identified, machine learning-powered artificial intelligence is developed, Ai serves as a solution to the previously-identified problem(s).
Selecting AI With the Most Benefits and a High ROI
AI development is custom-tailored to an organization’s precise needs, resulting in workflows and process flows that empower employees, giving them the bandwidth to focus on high-level tasks that cannot be automated or performed by artificial intelligence. AI is a step above automation due to the agility and adaptive nature of this technology. The most successful deployments of AI for business have the following traits.
• The processes and workflows are fairly predictable and repeatable. AI can adapt and evolve over time thanks to today’s machine learning and artificial intelligence technologies, but ideally, these adaptations ought to occur incrementally and over time. Dramatic, unexpected changes may require human involvement.
• AI frees humans to focus on more complex, higher-level tasks. This results in a morale boost and far greater productivity. The humans within your organization may find their jobs more enjoyable since they will have the ability to offload tasks that are boring, repetitive and un-engaging.
• Your organization will perform periodic updates with a long term maintenance plan. AI is not a technology where you can develop it and leave it. Artificial intelligence requires regular maintenance and updates to ensure ongoing compatibility with third-party software and hardware. It is essential that company leaders walk into an AI development project with the intention of maintaining that software well into the future. An annual update / maintenance budget is typically around 20% of the original development cost. So if you have a $100,000 development budget, then at least $20,000 ought to be allocated to cover AI updates and maintenance. This ensures that your technology continues to perform as expected, delivering a consistently high ROI well into the future.
Familiarity with your industry or a similar business space can lead to the development of technology that exceeds expectations, while simultaneously delivering a robust ROI. Below, you’ll find a list of resources exploring a few of 7T’s recent AI development projects in industries such as finance, healthcare, construction and beyond. Understanding an artificial intelligence development partner’s experience is important, since each industry has a unique set of needs and requirements.
Hiring a Dallas AI Development Company
Choosing the right artificial intelligence developer can be challenging, but you need a partner who understands the organization’s pain points, objectives and business strategy — both today and in the future. At 7T, we take the time to get to know your business, providing clients with a Business Requirements Document (BRD). The completed BRD leads to a comprehensive understanding of an organization’s needs, pain points and future objectives.
Also, check out our latest eBook, A Guide to Prepare Your Business for Artificial Intelligence (AI) Development.
At 7T, we specialize in Digital Transformations such as AI development for a variety of industries and business spaces. The Digital Transformation development team is guided by the approach of “Digital Transformation Driven by Business Strategy.” As such, the 7T development team works with company leaders who are seeking to solve problems and drive ROI through Digital Transformation with innovative business solutions such as multimodal machine learning-powered AI implementations. 7T has offices in Dallas, Houston, and Austin, but our clientele spans the globe. If you’re ready to learn more about Digital Transformation development solutions, contact 7T today.
