vast amount of AI efforts fail
He shared the three steps companies should take to bypass the hype and start their AI journey off on solid-footing. What companies are hoping to get out of AI is likely to not only vary by organization, but also within various business units. That can make figuring out the overarching goals more difficult.
to understand, organize, and consume vast amounts of documents. Or they could employ robotic process automation in sectors like customer service that can, among other things, help agents quickly compile information on those calling in.that spending on RPA could top $2.4 billion in the next three years. The key, according to Moss, is choosing a low-risk area that can produce a quick return on investment.
Human resources, for example, could be using AI-based tools to cut down on the number of applications they review per open position. Meanwhile, store operations might be tapping into the technology to try to reduce shoplifting incidents.
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