Strategically measuring AI's true impact in the enterprise
By Shayan Mohanty, Chief AI and Data Officer, Thoughtworks In today's technological landscape, organisations are grappling with a fundamental question: how do we truly measure the success of our AI investments? Leaders understand that defining and evaluating AI's impact isn't static, but dynamic, demanding continuous adaptation and strategic foresight. Without a clear definition of what 'good' looks like, be it enhanced customer service, streamlined operations, or more accurate forecasts, any evaluation risks becoming arbitrary. At a strategic level, AI success can be categorised across several key dimensions: - Performance and accuracy – ensuring models consistently meet defined benchmarks like precision and recall; - Adaptability to real-world scenarios – assessing how AI systems perform in dynamic, unpredictable environments; - Ethical behaviour and bias mitigation – proactively addressing potential biases to uphold fairness and inclusivity; and critically,...