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Launching your first AI project with a grain of RICE: Weighing reach, impact, confidence and effort to create your roadmap
A new framework inspired by the RICE scoring model balances business value, time-to-market, scalability and risk for your first AI project.
By tailoring your decision-making process to account for these factors, you can set realistic expectations, prioritize effectively and avoid the pitfalls of chasing over-ambitious projects. This formula ensures that projects with high business value, reasonable time-to-market, and scalability — but manageable risk — rise to the top of the list. ApplicationBusiness valueTime-to-marketScalabilityRiskScore Meeting Summaries354230Product Descriptions443316Optimizing Restocking52458Sentiment Analysis for Reviews542410Personalized Marketing Campaigns544420Customer Service Chatbot454516Automating Customer Review Replies34357.2Evaluate each opportunity using the four dimensions: Business value, time-to-market, risk and scalability.
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