Triumphing Through Artificial Intelligence: A Three-Pronged Approach That Proven Effective
In today's rapidly evolving technological landscape, understanding the culture of an organisation is crucial when considering progressive solutions such as Artificial Intelligence (AI). One company leading the charge in this area is River Point Technology, a pioneer in the field of AI.
River Point Technology's approach is unique, focusing on foundational technology that can deliver on multiple use cases for a business. Before diving into technology options, the company emphasises defining a quantifiable business outcome. This strategic approach ensures that the chosen technology aligns with the organisation's goals and objectives.
The incubation phase is a pivotal part of this process. The aim is to gain small wins or, alternatively, to fail quickly, delivering the defined business outcome. River Point Technology encourages its clients to strive for at least three to five business-defined outcomes at this stage, validating the solution across multiple use cases. Failing at this stage can be a positive outcome, as little money and resource time has been invested into something that isn't going to deliver for the business.
Multiple wins increase attention and drive adoption of the technology investment. Building the solution within a repeatable, prescriptive framework ensures the team has the clarity to execute effectively and scale the solution across the organisation.
River Point Technology is the author of Value Creation Technology (VCT), a core go-to-market model developed specifically for the current AI technology hype cycle. The high-level approach offered by VCT can save time and money, putting companies in a better position to successfully implement AI software.
River Point Technology has also established RPTLabs to focus on AI solutions. With approximately 70,000 AI companies worldwide, the competition is fierce. However, without a proper vetting process for the adoption of new AI software, significant, quantifiable value for the company is unlikely to be generated.
Jeff Eiben, the Founder and CEO of River Point Technology, has not publicised a specific three-step process for successful AI implementation in a business. However, the company's strategic approach, as outlined above, provides a solid foundation for businesses embarking on their AI journey.
In the face of the growing number of AI companies, the most challenging step in the adoption journey is getting enterprise-wide engagement. River Point Technology's focus on defining and delivering quantifiable business outcomes, coupled with their iterative incubation approach, offers a promising solution to this challenge. The north star should remain the quantified business outcome defined at the outset to focus on the right activities to scale the solution.
The Forbes Business Development Council is an invitation-only community for sales and business development executives. While not directly related to the information provided about River Point Technology, it underscores the company's standing as a leader in the AI industry.
Jeffrey Eiben, the Founder and CEO of River Point Technology, is leading the company in the field of Artificial Intelligence (AI), intent on delivering foundational technology that aligns with an organization's goals. River Point Technology's strategic approach aims to define quantifiable business outcomes before delving into technology options, ensuring successful implementation of AI technology in a business.
