Maximizing AI ROI while ensuring governance integrity is essential for organizations. T3 Consultants outline a data-driven framework emphasizing that starting with a clearly defined business problem—like reducing customer churn—is crucial. Research shows businesses focusing on outcomes achieve 3× higher ROI.
Establishing clear ROI categories—financial, strategic, and capability—can capture 42% more value. Setting baseline KPIs pre-implementation enhances measurement accuracy by 60%. Key evaluation criteria include data readiness, vendor cost structures, and compliance with privacy regulations, with 51% emphasizing the importance of data security.
Avoid common pitfalls like simplistic ROI calculations and project isolation. Enterprises using generative AI report a $3.70 return for every $1 invested; however, 95% of initiatives fail due to poor prior governance definition. T3’s implementation framework suggests piloting high-impact use cases, continuous monitoring, and allocating 15-20% of budgets for ongoing maintenance to ensure measurable results and compliance.
Source link
