AI Impact Assessments

AI Impact Assessments 

FPOV conducts AI Impact Assessments to evaluate the potential benefits and harms of implementing a technology within their organization.

WHY IS IT IMPORTANT?

Leveraging AI can transform business operations, drive innovation, and create significant competitive advantages. However, without a thorough understanding of AI’s potential impacts, organizations may face unforeseen challenges and risks. It is crucial for organizations evaluating a technology to assess the qualitative and quantitative impacts of AI implementations. This assessment helps ensure that AI initiatives align with organizational goals, budget, and governance standards, providing clarity to the evaluation of AI systems and their effect on the organization.

HOW DOES FPOV HELP?

FPOV helps organizations gain a comprehensive understanding of AI’s effects, paving the way for informed decision-making and strategic planning.

This engagement begins with conducting an assessment to capture the organization’s core statistics, such as employee count, estimated annual revenue, and required licenses alongside behavioral insights surrounding technology adoption. One of the most important factors in the successful and profitable implementation of a new technology is the level of adoption by its users. This is one of the foundational elements of our Human Capital Digital Analysis.

Leveraging a preliminary analysis of your organization’s adoption rates, usage statistics, and toolset effectiveness, we provide a clear picture of the financial impacts of your AI investments. The typical outcome of the AI Impact Assessment is a model that measures the potential revenue lift, hours saved, and efficiency gain in terms full-time equivalents. This data-driven approach is particularly valuable in navigating the myriad options available in automation and AI, enabling you to make informed decisions that align with your organization’s goals and maximize your technological investments.