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There’s a path to an AI ROI

O'Reilly on Data

Open source data and transfer learning are also enabling businesses to more easily move models into production and to achieve an ROI. So, you’re able to see the ROI a lot faster—say in six to 12 months versus what previously would’ve taken three to five years because you would’ve had to train your own model from scratch.

ROI 164
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CIOs to spend ambitiously on AI in 2025 — and beyond

CIO Business Intelligence

While the ROI of any given AI project remains uncertain , one thing is becoming clear: CIOs will be spending a whole lot more on the technology in the years ahead. For the global risk advisor and insurance broker that includes use cases for drafting emails and documents, coding, translation, and client research.

ROI 137
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A Simplified Approach to Generating ROI from AI Apps

CIO Business Intelligence

But more recently, executive management has asked IT to justify these projects by documenting the benefits and value to the business. Nowadays, management wants return on investment (ROI) calculations as part of any AI proposal. This change in approach to ROI may not work for every AI project. This is a smart move.

ROI 105
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Writing Business Cases: 6 Things You Should Know About Identifying Project Benefits

BA Learnings

When identifying benefits particularly for the purpose of calculating Return on Investment (ROI), keep in mind that calculating ROI for a single project can be tricky as some process metrics or financial gains tend to be influenced by process changes, software implementation and other projects happening in parallel.

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Saint Lucia Investors Turn To Big Data For Massive ROIs

Smart Data Collective

They have found that big data is a great way to boost their ROI when investing in emerging economies. Preparation and submission of documents for citizenship require legal knowledge and compliance with details. Businessmen should also provide documents that the funds they are about to invest are legal. Why choose Saint Lucia?

ROI 94
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Escaping POC Purgatory: Evaluation-Driven Development for AI Systems

O'Reilly on Data

Any scenario in which a student is looking for information that the corpus of documents can answer. Wrong document retrieval : Debug chunking strategy, retrieval method. For example, if youre building a document QA tool, upgrading from basic OCR to AI-powered extractionthink Mistral OCRmight give the biggest lift on your system!

Testing 174
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RPA and IPA – Their Similarities are Different, but Their Rapid Growth Trajectories are the Same

Rocket-Powered Data Science

One can automate a very complicated and time-consuming process, even for a one-time bespoke application – the ROI must be worth it, to justify doing this only once. The average ROI from RPA/IA deployments is 250%. Robotic Process Automation is for “more than once” automation.

ROI 234