When it comes to AI budgeting, less is more, as long as you’re strategic

When it comes to AI budgeting, less is more, as long as you’re strategic

Whether we like it or not, there is incredible pressure on businesses to adopt AI. That pressure is only increasing as AI spending is expected to grow by nearly 30% over the next four years. Yet, questions remain on what and how much AI can actually do. As we head into budgeting season, this pressure leaves IT departments in every industry scratching their heads, trying to figure out how much they allocate to AI pilots. Spend too little, and the competition could develop an insurmountable advantage – spend too much, and you may find out that there isn’t enough ROI.

The reality is – AI needs a plan. With the right strategy, you can kick-start your projects by investing only a fraction of your budget. Well-executed AI initiatives have the potential to not only pay for themselves but also generate significant returns. Laying out a clear roadmap for adoption will put you ahead of the pack and position you as a leader in the AI game.

Chris Stephenson

Managing Director of Intelligent Automation, AI & Digital Services at alliant.

Even 1% of your budget can be done well

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