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Data Analytics (AI/ML) ROI 101 series: Article 4: How data analytics drives value across organisational value chain
[Brief background to this series: In recent months, I have encountered a large number of articles that report lack of returns on investments (ROI) made by organisations in deploying AI and related technologies. But, in reality many organisations are achieving significant return on investments in data analytics (AI/ML) which I encountered during my business value…
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Data Analytics (AI/ML) ROI 101 series: Article 3: Accounting fundamentals for data analytics (AI/ML) value
[Brief background to this series: In recent months, I have encountered a large number of articles that report lack of returns on investments (ROI) made by organisations in deploying AI and related technologies. But, in reality many organisations are achieving significant return on investments in data analytics (AI/ML) which I encountered during my business value…
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Data Analytics (AI/ML) ROI 101 series: Article 2: Why focus on data analytics value?
[Brief background to this series can be found by clicking this link ] In this article, we will discuss the significance of economic value, how value is perceived by different stakeholders, differences between macro and micro economic value and economic theories of value that apply to data analytics (AI/ML). Scope of data analytics (AI/ML)? Before…
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Data Analytics (AI/ML) ROI 101: Why Investments in Data Analytics (AI/ML) Vanish into the ‘Black Hole’
Overview of the Data Analytics (AI/ML) ROI 101 series of articles Why data analytics (AI/ML) ROI do not show up? I have over 50 years of professional experience in business, data management, data science, information systems and value management consulting. In recent months, I have encountered a large number of articles that report lack of returns…
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Book on business value of AI investments
Our new book, ‘Redefining Value Where People and AI Meet’ which is now published worldwide on Amazon Books, reviews the key challenges that plague organisations in measuring the true long term value of data analytics (AI/ML) investments involving Artificial Intelligence (AI) and Machine Learning (ML). In the light of the dilemma faced by executives whether…