Evaluate AI use cases

In a business world increasingly driven by technological progress, the ability to identify and evaluate innovative AI use cases and implement the most promising ones is a decisive competitive advantage.

However, traditional evaluation methods are often unable to fully capture the complex facets of AI projects. The study presented here therefore presents the AI Ideas Compass, a specially developed tool that efficiently supports companies in comprehensively evaluating and prioritizing AI ideas and clearly visualizing the results. The AI Ideas Compass distinguishes between the two main categories of potential and challenges/risks.

These criteria help to identify and assess potential difficulties and risks that may be associated with the introduction of AI. The importance of the individual criteria can vary depending on the industry, specialist area and business strategy of the company. The AI Ideas Compass therefore offers a flexible way of adapting the weightings and descriptions of the criteria to specific requirements. It is designed to facilitate a structured exchange within the company on how these criteria should be defined and weighted. An essential part of using or introducing the AI Ideas Compass is to promote this dialog. The compass serves as a basis for these discussions and enables systematic documentation of the jointly developed criteria and weightings.

The study shows how the AI Ideas Compass serves as a practical tool for systematically weighing up potentials and risks. The tool has already been used in various projects. It has been shown that the AI Ideas Compass can make a valuable contribution to driving forward the "right" initiatives in the company as part of the introduction of AI. Companies can thus realize their ambitious goals and strengthen their competitive position. Nevertheless, it is important that companies are prepared to react to unforeseen challenges and continuously monitor the identified risks.