From the course: RPA, AI, and Cognitive Tech for Leaders

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Invest reasonably

Invest reasonably

From the course: RPA, AI, and Cognitive Tech for Leaders

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Invest reasonably

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- This one is short, but important. I've said it before, comprehensive game-changing digital transformation is not fast, and it's not easy, it's also not cheap. Unfortunately, the narrative lately has been about automation tools that are easy, quick, miraculously powerful, and cheap. And what happens as a result is that enterprises under-plan and under-budget, expecting to spend a little to achieve much. This often leaves initiatives stalled, as teams try and cobble together alternative ways to achieve the ends promised. This also leaves team members trying to do too many of the tasks themselves. More on this in a moment. Relating back to the intelligent automation spectrum for a moment, for RPA projects be ready to spend hundreds of thousands to millions of dollars to achieve meaningful projects. For more algorithm-oriented projects, the ones folks call AI, be ready to spend millions to tens of millions. And for…

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