Artificial Intelligence and Risk Management: Navigating the Waste in AI Investments

Monday, 21 October 2024, 02:04

Artificial intelligence spending faces a crisis, with claims that 90% of investments yield no return. Emerging technology and generative AI promise hope through better risk management. Companies are exploring AI governance to improve win rates and minimize waste. This new approach redefines how organizations can maximize their AI investments effectively.
Infoworld
Artificial Intelligence and Risk Management: Navigating the Waste in AI Investments

Artificial Intelligence Spending Crisis

Artificial intelligence spending faces a crisis, with claims that 90% of investments yield no return. Emerging technology and generative AI promise hope through better risk management.

Innovations in AI Governance

Companies are exploring AI governance to improve win rates and minimize waste. This new approach redefines how organizations can maximize their AI investments effectively.

  • Holistic AI aids in risk identification.
  • Visibility across AI projects increases efficiency.
  • AI governance tools help set guardrails for faster experimentation.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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