What is the Real Return ON Investment of AI ?
We often talk about calculating ROI for AI investment. But as we all know, the benefits of AI can go way beyond pure cost savings or revenue increases. Here are 3 ROIs of AI that we have recorded - ๐๐จ๐ฌ๐ญ ๐๐๐ฏ๐ข๐ง๐ ๐ฌ: AI automates tasks, streamlining processes and reducing labor costs. McKinsey estimates AI could generate $2.7 trillion in additional sales and marketing value by 2025. - ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก: AI helps with data-driven decisions, finds new markets, and optimizes sales strategies, potentially increasing revenue. Forrester Research found AI users saw an average 10% revenue bump. - ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐๐ฉ๐๐ซ๐ค: AI unlocks new product and service ideas, opening doors to fresh revenue streams and a competitive edge. For example, Netflix uses AI for personalized recommendations, credited with a 20% increase in viewing time! Which of these ROI areas has proven the most significant (or the most surprising) for your business after implementing AI?