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AI Investment Decision Framework - Coggle Diagram
AI Investment Decision Framework
AI use cases
Augmentation
(eg Co-Pilot
Customer Support AI assistant)
Effectiveness, Quality
Better Quality & Faster TTM
Automation
(Manual Repetitive Jobs)
Efficiency
Cost Saving
Differentiation
(Personalized wealth advisor)
Innovation
Revenue Opportunities
Risks
Technical Risks
Accuracy, Reliability
[Hallucinations, Bias]
Data Privacy & Security
Black Box - Lack of Explainability
Model Performance Drift
Operational Risks
Data Quality, Quantity & Completeness
Talent & Skill gaps
Change Mgmt and Adoption
Workforce impact
3, Strategy Risks
Reputation Risks
Ethical Risks
Significant unknown R&D and ROI
Investment Decision
Benefits - Cost - Risks mitigation
Notes:
Payback period might be estimated for next 3 - 5 years.
One time benefit and Annual benefit
One time cost and Annual cost
One time cost and Annual cost for risk mitigation