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

Whether we like it or not, there is incredible pressure on companies to adopt AI. That pressure is only increasing as AI spending is expected to grow by almost 30% over the next four years. Still, questions remain about what and how much AI can actually do. As we enter budget season, these pressures have IT departments in every sector scratching their heads trying to figure out how much to allocate to AI pilots. If you spend too little, the competition can develop an insurmountable advantage. If you spend too much, you may find 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 just a fraction of your budget. Well-executed AI initiatives have the potential to not only pay for themselves, but also generate significant returns. By setting a clear roadmap for adoption, you’ll be ahead of the curve and position yourself 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 right