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Beyond ROI: How banks can better measure AI impact
['Ai Adoption In Banking', 'Financial Services', 'Investment Research', 'Senior Market Intelligence Analyst', 'Larry Cao', 'Cfa', 'Is Senior Market Intelligence Analyst', 'Ai', 'At American Banker', 'Where He Focuses On The Adoptions Of Artificial Intelligence Across...']
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They suggest something more important: Banks need to distinguish progress toward value from financial value itself.
Business outcomes Workflow gains matter only if they translate into outcomes the business cares about.
Financial outcomes Financial measurement becomes more credible once the earlier links have been established.
A collection of usage statistics and estimates of hours saved alone is not enough as an AI initiative matures.
Banks will not always be able to calculate a precise return when an AI initiative begins.