PwC: Dealmakers expect revenue boost from AI acquisitions

Millions of dollars in venture capital or acquisition costs come at a price: Executives need artificial intelligence to begin delivering on its promises of increased worker efficiency and product innovation. But if checks are signed too quickly, companies may not find the ROI they would expect waiting for them at the end of the process. PwC analysts recommend AI technologies must first be evaluated by a diverse team of experts who can attest to the technical backbone of the company, asses if the needed data sources can be improved over time, and determine if AI systems can applied to a company's unique business model. "Moreover, integration plans should consider responsible AI principles and practices to extract a deal's value well after it closes," the report states. A laser-tight focus on business objectives can help maximize ROI for companies when it comes to AI initiatives.