FEATURE: ARTIFICIAL INTELLIGENCE application remains merely an invention – and often an expensive one. When AI exploration and deployment can cost millions, companies need to make sure these investments address genuine business challenges rather than just model‘ what if’ scenarios.
The discovery gap Risk Tolerance and Success Metrics
The biggest challenge to effective AI implementation isn’ t the technology itself but a failure to adequately define the problem. Many companies fail to properly identify and validate problems before investing in solutions. This discovery gap leads to expensive failures when sophisticated technology doesn’ t align with actual business needs.
Risk tolerance for innovation varies significantly between organizations. Large enterprises can often afford a‘ hit-on-three-of-ten’ innovation approach, tolerating a 70 % failure rate on new initiatives, because they have the customer base and scale that can make
Jason Rivera, CTO, Verra Mobility
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