Do The Benefits of AI Justify The Costs? Here Are 6 Questions You Need to Ask Before You Commit | Entrepreneur
Briefly

from Entrepreneur2 weeks ago
AI gives businesses the opportunity to analyze their workforce issues more affordably than hiring a pricey consulting firm. It can predict employee turnover costs, identify causes, and offer data-driven solutions.
Entrepreneurhttps://www.entrepreneur.com/science-technology/do-the-benefits-of-ai-justify-the-costs-here-are-6/484059
A median-size S&P 500 company can lose between $228 million and $355 million a year in lost productivity from employee disengagement and attrition, highlighting the importance of addressing workforce issues.
Entrepreneurhttps://www.entrepreneur.com/science-technology/do-the-benefits-of-ai-justify-the-costs-here-are-6/484059
Even when companies acknowledge they have a problem, they often create interventions with little more than guesswork, demonstrating the need for structured data analysis with AI to inform decisions.
Entrepreneurhttps://www.entrepreneur.com/science-technology/do-the-benefits-of-ai-justify-the-costs-here-are-6/484059
You should vet decisions on whether to deploy AI solutions using the same rigorous cost-benefit analysis you use in every other aspect of your business, ensuring a reasoned approach.
Entrepreneurhttps://www.entrepreneur.com/science-technology/do-the-benefits-of-ai-justify-the-costs-here-are-6/484059
Read at Entrepreneur
#ai-solutions #workforce-analytics #employee-engagement #cost-benefit-analysis #business-management
[
|
]