How to detect AI success in business enhancement

I believe that just about every business can benefit from AI by using it to create better products and services, drive efficiency in their operations, or improve customer experience.

However, not every AI initiative businesses embark on guarantees good results. In fact, according to research by Harvard Business School, as many as 80 percent of industrial AI projects can fail to generate tangible value.

How to detect AI success in business enhancement
How to detect AI success in business enhancement

Given the costs involved, this can easily lead to expensive missteps. Therefore, it’s absolutely critical that businesses understand how to measure success or failure before setting out.

Developing processes and systems for evaluating AI’s impact is essential, and in this article, I’ll highlight the questions you need to ask and the information you’ll need to gather.

Whether you’re just starting out or already have a few pilots underway and are getting ready to scale, these can help you understand and refine your approach, setting you up for the best chances at success.

Aligning AI Strategy With Business Strategy

Firstly, it’s important to remember that to even have a chance of understanding the impact of your AI projects, you need to know that they’re aligned with your business targets and goals.

This may seem obvious, but I know from my own experience that it’s frequently overlooked. Technology is never a goal in itself; it’s a tool for achieving goals.

This means first having a business strategy in place and then identifying opportunities to deploy AI in ways that will help you achieve it.

I always recommend that businesses begin by identifying as many opportunities as possible. Then, whittling that list down to a smaller, manageable number of long-term, high-value use cases, along with some “quick win” initiatives that will let you quickly learn to deploy solutions, experiment and build confidence.

This is the groundwork. With a basic AI strategy in place, you can begin assessing and evaluating its impact and go on to improve iteratively, where necessary.

Essential Questions

These are the important questions every business needs to ask about their AI initiatives. We’ll move on to how we answer them in the next section:

  • Related Posts

    Aviation Products Liability Insurance: Protecting Manufacturers

    Aviation products liability insurance is a specialised type of insurance designed to protect manufacturers of aviation products from liability claims arising from defects or malfunctions in their products. This insurance…

    Read more

    Continue reading
    GHACEM’s Price Reduction: A Boost to the Construction Industry

    In a significant development for the construction industry and consumers, GHACEM has reduced the price of its cement from GHS 120 to GHS 82 per bag. This substantial price drop…

    Read more

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

    • By djfly
    • June 19, 2025
    • 19 views
    ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

    Government Shuts Down Wontumi FM, Asaase Radio, and 60 Other Stations for Regulatory Breaches

    • By Gossip
    • June 12, 2025
    • 9 views
    Government Shuts Down Wontumi FM, Asaase Radio, and 60 Other Stations for Regulatory Breaches

    Understanding the Rejection of Kennedy Agyapong’s $20m Property by EOCO

    • By Gossip
    • June 9, 2025
    • 11 views
    Understanding the Rejection of Kennedy Agyapong’s $20m Property by EOCO

    Unraveling the GH₵50 Million Controversy: Wontumi’s Response

    • By Gossip
    • June 8, 2025
    • 19 views
    Unraveling the GH₵50 Million Controversy: Wontumi’s Response

    I’ve Been Quietly Cooperating with NIB” – Dr. Opoku-Prempeh

    • By Gossip
    • June 4, 2025
    • 15 views
    I’ve Been Quietly Cooperating with NIB” – Dr. Opoku-Prempeh

    Ghana’s Ambulance Scandal: Ken Ofori-Atta Faces Interpol Red Notice

    • By djfly
    • June 2, 2025
    • 23 views
    Ghana’s Ambulance Scandal: Ken Ofori-Atta Faces Interpol Red Notice