Ep 725: Measuring AI ROI: Why you’re doing it wrong and the 7 Steps to fix it (Start Here Series Vol 11)

Why can't most companies show their ROI on GenAI? Because their implementation is backwards.If you're using the same digital transformation playbook that you used for the social media and cloud eras, you're in trouble. On this 'Start Here Series' episode, we break down what your company is doing wrong and the 7 Step process to properly calculate ROI on your AI efforts. Measuring AI ROI: Why you’re doing it wrong and the 7 Steps to fix it -- An Everyday AI Chat with Jordan WilsonNewsletter: Sign up for our free daily newsletterMore on this Episode: Episode PageJoin the discussion on LinkedIn: Thoughts on this? Join the convo on LinkedIn and connect with other AI leaders.Upcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: [email protected] with Jordan on LinkedInTopics Covered in This Episode:Proving and Measuring AI ROI in CompaniesOpenAI’s GDP Benchmark: AI vs ExpertsDebunking MIT’s Viral Zero ROI StudyQuantitative AI ROI Data from Business StudiesInvisible Productivity: AI Savings Pocketed by WorkersLimitations of Pre-AI Job Roles and MetricsROI Calculation: Time Saved and Cost ReductionFive Main Reasons AI ROI Isn’t MeasuredSeven-Step AI ROI Measurement BlueprintImportance of Ongoing AI Model RetestingAI ROI: Training, Education, and Implementation GapsTimestamps:00:00 "AI ROI: Fixing the Debate"04:50 "AI ROI Debate is Pointless"08:03 AI Implementation Yields Positive ROI12:13 AI Reshaping Work Structures15:08 AI ROI Challenges20:11 "Baseline Assessment Before AI Implementation"23:49 "AI Operating System Discussion"24:35 "Standardized Testing for AI Models"28:26 "Rethink AI ROI Urgency"31:37 "Everyday AI: Subscribe & Explore"Keywords: measuring AI ROI, AI return on investment, generative AI ROI, GenAI ROI measurement, ROI on artificial intelligence, AI productivity, time saved with AI, cost reduction with AI, AI-driven revenue increase, AI risk avoidance, AI implementation, baseline assessment of AI, BASE framework, pre-AI baseline, digital transformation and AI, quality metrics in AI, cost per task AI, error rates AI, throughput AI, AI utilization rate, AI pilot evaluation, AI business impact, AI model benchmarks, Send Everyday AI and Jordan a text message. (We can't reply back unless you leave contact info) Start Here ▶️Not sure where to start when it comes to AI? Start with our Start Here Series. You can listen to the first drop -- Episode 691 -- or get free access to our Inner Cricle community and all episodes: StartHereSeries.com Also, here's a link to the entire series on a Spotify playlist.