JS Miller Consulting, LLC

Gartner research recently reported that cost estimates for implementing AI solutions are off by a staggering 5x - 10x. This means if your team or vendor is quoting you $100k, you may need to budget for $500k to $1M. But why are AI solution cost estimates so far off? Prior to AI technology initiatives, the rule of thumb generally used by experienced business-technology management consultants was 2x - 4x even if assuming you had a very experienced team due to reactive human factors like "Decision Latency", "Optimism Bias", "Dunning-Kruger Effect", "Parkison's Law", "Student's Syndrome", "Confirmation Bias", etc. So then, what is the most effective practice to mitigate these human factors for a successful outcome? Proactive risk management. Actively managing the top 10 business risks of buying or building an AI solution for your organization is crucial to ensure a successful outcome, as it will dramatically mitigate potential pitfalls, lower the cost of implementation, improve both the accuracy or precision of solution cost estimates and therefore serves to maximize the benefits of your AI investments. Click below to review the Top 10 AI Business Risks Every CEO Needs to Know

Q: Are you a business leader or CEO who needs predictable execution? In today's dynamic business landscape, success hinges not just on visionary thinking but on flawless execution of your mission-critical capital investments. At JSMC, we stand as your unparalleled partner in turning strategic ambitions into tangible results that drive stakeholder value, profitability, and growth. With the highest success rate in the industry, we deliver bespoke solutions tailored to your unique challenges, empowering your leadership to navigate business-technology complexities with confidence and precision in only a fraction of the time, cost, and risk. Engage with us to unlock unprecedented growth, enhance operational efficiency, and solidify your competitive edge in the market. CEOs who demand excellence with integrity choose JSMC — where strategy execution meets success! #MakingStrategyEffective

Q: Are you a business leader or CEO who needs predictable execution? In today's dynamic business landscape, success hinges not just on visionary thinking but on flawless execution of your mission-critical capital investments. At JSMC, we stand as your unparalleled partner in turning strategic ambitions into tangible results that drive stakeholder value, profitability, and growth. With the highest success rate in the industry, we deliver bespoke solutions tailored to your unique challenges, empowering your leadership to navigate business-technology complexities with confidence and precision in only a fraction of the time, cost, and risk. Engage with us to unlock unprecedented growth, enhance operational efficiency, and solidify your competitive edge in the market. CEOs who demand excellence with integrity choose JSMC — where strategy execution meets success! #MakingStrategyEffective

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