How to Calculate the Costs and Prove the Business Value of GenAI
CIO Mind, The Gartner CIO Podcast
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Investing for Long-Term Value in Generative AI
CFOs may find it challenging to invest a significant amount in AI projects with benefits expected in the distant future. In such cases where productivity improvements do not directly reduce costs, organizations need to focus on articulating the value proposition through showing second and third-order impacts on KPIs, which in turn affect financial statements. It is crucial for CFOs and organizations to shift their mindset towards considering the long-term enterprise value of generative AI investments to avoid misallocation of resources.
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