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Blog · AI in Practice

Measuring Business Value of AI Applications

The business case for detection is rarely the detection. It is the reduction of a cost that existed before, and that cost has to be measured first.

10 of 10Method note

Overview

  • Measure the current cost baseline before introducing anything: survey hours, site visits, time to find a defect.
  • Compare against that baseline, not against an idealised future state.
  • Include the review labour, the infrastructure and the maintenance in the running cost.
  • A capability with no measured baseline cannot be shown to have paid for itself, however well it works.

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