The Financial Benefits of AI Technologies
5/28/202614 min
In this episode, we explore the critical insights around measuring the return on investment (ROI) of AI technologies in business. Discover why simply implementing AI isn't enough, as we discuss the importance of rethinking productivity, innovation, and the overall impact on how people work within organizations.
Chapters
00:00 Introduction to AI Shows
00:55 ROI in AI Context
01:55 Measuring ROI Effectively
04:02 Innovation vs. Productivity
06:34 AI Application Examples
12:47 Final Thoughts on AI ROI
Show Links
- AI Applied: Job & Career
- AI Chat: Daily AI News
- AI Hustle: Make Money
- AI in Faith: AI & Christianity
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Clips
Transcript preview
First 90 secondsJaden Schaefer· Host0:00
Welcome to the podcast. I actually run three other AI-related shows, and I want to give a shout-out to all of them. The first is AI Applied, where I cover how to apply AI into your career. I host that with Conor Grennan, the CEO of AI Mindset. The second one is AI Hustle. I actually played an episode on this show a few days ago, where I host that with Jamie McCulley, and we break down how to make money, grow and scale your business with AI. And the third is AI in Faith, where I cover how to use AI to help grow your faith spiritually. So there's links in the description to all three of those shows, but today I actually want to play an episode from the AI Applied podcast, a conversation I had with Conor Grennan. If you're interested in that show, you can go check it out and find more episodes at the link in the description. If not, we'll go back to normal programming tomorrow. But I wanted to give it a shout-out 'cause it is a show I'm super proud of, and we have a ton of fun talking about what's going on with AI. Without further ado, let's get into the episode. Conor has been absolutely talking my ear off recently about a really interesting story in Time magazine. It says: "What leaders get wrong about the ROI of AI." And we were actually talking about this on the last podcast episode, I think a little bit as well. But this is a really important question and, and actually this is something I personally have been grappling with, with, with, uh, one of my businesses in particular. I'll, I'll share some funny, uh, stories. But just because AI can do something doesn't mean AI should do something, because you have to look at the ROI, and there's so many things that we have to balance. Um, there's incredible automations you can do, but, but what is the cost? Um, and sometimes