How to Control Generative AI Investments for Better ROI
Thursday, 8 August 2024, 10:01
Managing Generative AI Investments
Enterprises continue to invest heavily in generative AI projects as the technology rapidly evolves. However, not all companies are experiencing the expected return on investment (ROI). Here, we explore strategies that can help businesses regain control over their spending in this area.
Key Strategies
- Implement Robust Tools: Utilize specialized tools designed to manage and assess AI spending effectively.
- Adopt a Clear Strategy: Develop a strategic framework that aligns generative AI initiatives with business objectives.
- Shift Perspective: Encourage a culture that embraces experimentation and innovation while monitoring expenditures closely.
By focusing on these key areas, enterprises can better manage their investments in generative AI, leading to more successful outcomes and a controlled budget.
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.