Unlocking the returns from AI

Full Article
Unlocking the returns from AI

Change management is identified as the crucial factor for unlocking ROI from AI investments. CFOs are under pressure to demonstrate immediate returns, with many planning to cut budgets if results are not evident soon. The integration of AI must align with operational goals and engage employees to overcome resistance and achieve success.

A significant disconnect exists between leadership expectations and employee perspectives regarding AI adoption. While CFOs are optimistic about AI's potential to enhance efficiency, employees often express skepticism due to fears of job displacement. Successful AI implementation requires addressing these concerns through effective change management strategies and training programs.

• 40% of CFOs see change management as a barrier to AI ROI.

• Billerud automates 90% of invoices using AI for efficiency.

Key AI Terms Mentioned in this Article

Change Management

Change management is essential for aligning AI technology with operational goals and employee engagement.

Return on Investment (ROI)

ROI from AI projects is increasingly demanded by CFOs, influencing budget decisions.

Predictive Analytics

Predictive analytics in AI can automate tasks and provide insights, enhancing decision-making.

Companies Mentioned in this Article

Basware

Basware focuses on financial technology solutions, emphasizing the importance of change management in AI adoption.

Billerud

Billerud successfully implements AI to automate invoice validation, showcasing effective AI deployment.

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