Quantifying Generative AI's True Economic Value: An Expert's Guide to Enterprise ROI
AI-Generated Summary
This interview with data science expert Dharmateja Priyadarshi Uddandarao explores critical methods for accurately measuring the economic value and return on investment (ROI) of generative AI in enterprise settings. He discusses techniques like A/B testing and causal models to overcome challenges such as selection bias, ensuring companies can substantiate AI's impact on costs, sales, and broader business transformation. The article highlights generative AI's significant potential across various industries, while also offering a balanced perspective on job disruption versus creation.
In a nutshell
The article offers a pragmatic, evidence-based framework for enterprise leaders to move beyond AI hype and strategically assess the tangible benefits of their generative AI investments. Its focus on rigorous measurement methodologies provides a crucial tool for driving successful AI adoption and ensuring competitive advantage.
Source: India.com
