It’s impossible to ignore the artificial intelligence (AI) frenzy. And for good reason! By 2027, the world is expected to have half a billion users of AI-related technologies. According to some studies, AI could even contribute up to $15.7 trillion to the global economy by 2030.
Currently, it’s estimated that around 30-40% of French companies use this technology, compared to 59% of U.S. companies. This leaves significant room for growth, with numerous benefits: task automation, process improvement, data analysis and utilization, cost reduction, better electronic document management… to name just a few.
In this article, we will explore AI and its tangible advantages, asking how to effectively integrate it into your business. Follow the guide.
Assessing Your AI Needs
This is the first step. Every company is different, so it’s important to conduct an initial assessment to define its specific expectations and needs. Here’s how to proceed.
What are the Business Needs within the Organization?
AI has numerous areas of application: healthcare, finance, logistics, communication… the possibilities are vast. That’s why it’s important to conduct an in-depth study: what are your company’s needs? How could AI be used to improve processes? Which teams could benefit, and in what ways?
Be sure to list the needs of each department and possibly even each role.
The Company's Expectations
Think strategically here. Which sectors does the company want to prioritize? In which area would AI investment be most profitable? The aim is to align the company’s strategic expectations and goals with business needs.
Database Quality
The quality of the database is fundamental in implementing AI within a company. Indeed, any artificial intelligence is dependent on the data it relies on. Incomplete, outdated, or incorrect data can create biases and reduce the effectiveness of learning algorithms.
It is essential to ensure rigorous data collection and regular cleaning of the company’s data. Are your data compliant with current regulations, such as GDPR? How are they structured? Are improvements possible?
The CIO should therefore audit the company’s database and establish a specific management strategy.
Identify the Risks Before Starting an AI Project
No project can be implemented without identifying the associated risks. Here are the main elements to consider.
The Variable Cost of AI
AI integration obviously comes at a cost, which varies depending on factors such as the volume of data processed. Resource consumption, particularly computing power and storage, is proportional to the complexity of the models deployed.
Moreover, the continuous improvement of algorithms requires regular investments in training and system maintenance. The upskilling of internal teams or reliance on external experts represents another factor in cost variability. Although AI can generate significant productivity gains, CIOs must anticipate these variable costs to maximize ROI.
To avoid paying (heavily) for unused features, it’s important to clearly define the application scope.