Sponsored Content by NICE

Navigating the AI Landscape in 2024: Make the Right Choices for Your Business

By Elizabeth Tobey, Head of Marketing, AI & Digital, NICE

 

2024 has begun with a bang – and it might already feel like you’re playing catch-up with new technology, trends, and business demands for the year ahead. Generative AI—and the promise of AI for business at large – is top of mind across every department and position at almost any organization globally. 

So, how do you make the right AI choice for your company, your team, and your goals for 2024?

Let’s break down that challenge, which might still feel too amorphous and ambitious to actually kick off. 

Understand your business objectives and needs. 

Don’t dive headfirst into vetting AI technology. Start first by looking inward. Success hinges on aligning the right AI solutions with your specific goals and needs within your business. Outline your objectives, call out your pain points, and possible areas for improvement. Make a bullet point list with as concise a statement for each area as possible. Make it a sentence—or less—for every topic area. Bring this to any meeting you have with an AI partner, and use this list as a guide to understand whether any AI solution or offering can directly address your pains and needs and how AI will help meet your business objectives. 

It’s important to understand that even the most sophisticated, polished, flashy technology can and will fail if it doesn’t address your needs. Find an AI partner who can understand and integrate your unique requirements into any implementation for your organization. In the business of AI, the thing to remember here is that generic is not enough: it has to be able to be tuned and trained to your business needs and goals. 

Understand your evaluation criteria before you take a first meeting.

While the specific checkpoints and criteria you’ll bring to the table should vary from the points made below, this is a general guideline that can help you understand whether you are covering all the main areas that are crucial to picking the right AI partner for your needs. 

  • Understand your AI partner’s expertise with generative AI and conversational AI. This includes the technologies behind their solutions, APIs, and partnerships, and specific case studies highlighting how their solutions have helped previous companies. 
  • Vet your AI partner’s track record with deploying solutions for similar industries or use cases to your own and how adaptable and scalable the solutions were for these use cases.
  • Get clear answers about data privacy and regulations. Find out how the AI will work with your existing systems, what it needs to access, where that information goes, and what security is in place. 
  • Know the level of support and training you will receive—at all levels—for using and maintaining your AI solution. 

AI is not a one-and-done project. It is an ongoing exercise that will grow, evolve, and adapt over time—and understanding any AI partner’s commitment to being an integral part of that journey with you is crucial. You want to select a company that understands that AI is constantly changing and has a plan for innovation and a long-term vision for their AI in the future. 

Build trust and relationships inside and out of your organization. 

Trust is paramount for a strong and lasting relationship with any vendor, but it’s particularly important when it comes to AI for all of the reasons stated above. Understanding the technology requirements and goals must be a shared responsibility. Transparency and open communication are required for any relationship to work. Shared values between the organizations and the stakeholders of the project are crucial for a successful collaboration. You are not buying a piece of software. You are not buying a single tool. You are buying a powerful piece of technology that can and should integrate into many systems and workflows of your business. Technology that will evolve and change as your business goals and employee needs shift. You need a partner who is there with you every step of the way with joint success metrics. 

Internally, you may have a variety of different hurdles to overcome. Is there still skepticism around the power and function of AI? Is there concern over data privacy, regulations, and security? Or, has your organization embraced AI, but different stakeholders are working in a siloed fashion or vetting multiple solutions when a single one could work across your entire organization? The right AI partner can help with these internal struggles by acting as a consultant rather than just a vendor. By offering guidance, proactive suggestions, ongoing support, and identifying and unifying the different stakeholders across your organization, your AI partner can help you create a powerful AI infrastructure that increases revenue and streamlines cost and technological overhead. 

It’s time to make the right choice. 

There’s still homework for you to do: your specific business needs are unique to you and you alone. With the building blocks provided here, you can meet any AI vendor and be confident that you can select the right solution for your needs and objectives in 2024. The first step to making the right choice is to become the well-informed CX leader who will champion AI for your business and find the right partner who meets your immediate needs and aligns with your long-term business strategies. 

You’ve got this. 

About NICE

With NICE (Nasdaq: NICE), it’s never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the world’s #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact centerand beyond. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform—and elevate—every customer interaction. To learn more, nice.com/cx-ai-now.

This sponsored article is brought to you in partnership with NICE. Learn more about partnering with TC Brand Studio.

More TechCrunch

Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets…

The fight over Fisker’s assets is already heating up

A hacker is advertising customer data allegedly stolen from the Australia-based live events and ticketing company TEG on a well-known hacking forum. On Thursday, a hacker put up for sale…

Hacker claims to have 30 million customer records from Australian ticket seller giant TEG

Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Elon…

Tesla makes Musk best-paid CEO of all time and Fisker bites the dust

Dot is a new AI companion and chatbot that thrives on getting to know your innermost thoughts and feelings.

Dot’s AI really, really wants to get to know you

The e-fuels startup is working on producing fuel for aviation and maritime shipping using carbon dioxide and other waste carbon streams.

E-fuels startup Aether Fuels is raising $34.3 million, per filing

Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week.…

Fisker faced financial distress as early as last August

Cruise, the self-driving subsidiary of General Motors, has agreed to pay a $112,500 fine for failing to provide full information about an accident involving one of its robotaxis last year.…

Cruise clears key hurdle to getting robotaxis back on roads in California

Feel Therapeutics has a pretty original deck, with some twists we rarely see; the company did a great job telling the overall story.

Pitch Deck Teardown: Feel Therapeutics’ $3.5M seed deck

The Rockset buy fits into OpenAI’s broader recent strategy of investing heavily in its enterprise sales and tech orgs.

OpenAI buys Rockset to bolster its enterprise AI

The U.S. government announced sanctions against 12 executives and senior leaders of the Russia-based cybersecurity giant Kaspersky. In a press release, the Department of the Treasury’s Office of Foreign Assets…

US government sanctions Kaspersky executives

Style DNA, an AI-powered fashion stylist app, creates a personalized style profile from a single selfie. The app is particularly useful for people interested in seasonal color analysis, a process…

Style DNA gets a generative AI chatbot that suggests outfit ideas based on your color type

Rates of depression, anxiety and suicidal thoughts are surging among U.S. teens. A recent report from the Center of Disease Control found that nearly one in three girls have seriously…

Khosla-backed Marble, built by former Headway founders, offers affordable group therapy for teens

Cover says what sets it apart is the underlying technology it employs, which has been exclusively licensed from NASA’s Jet Propulsion Laboratory.

A new startup from Figure’s founder is licensing NASA tech in a bid to curb school shootings

Spotify is introducing a new “Basic” streaming plan in the United States, the company announced on Friday. The new plan costs $10.99 per month and includes all of the benefits…

Spotify launches a new Basic streaming plan in the US

Photographers say the social media giant is applying a ‘Made with AI’ label to photos they took, causing confusion for users.

Meta is tagging real photos as ‘Made with AI,’ say photographers

Website building platform Squarespace is selling Tock, its restaurant reservation service, to American Express in a deal worth $400 million — the exact figure that Squarespace paid for the service…

Squarespace sells restaurant reservation system Tock to American Express for $400M

The February ransomware attack on UHG-owned Change Healthcare stands as one of the largest-ever known digital thefts of U.S. medical records.

Change Healthcare confirms ransomware hackers stole medical records on a ‘substantial proportion’ of Americans

Google said today that it globally paused its experiment that aimed to allow new kinds of real-money games on the Play Store, citing the challenges that come with the lack…

Google pauses its experiment to expand real-money games on the Play Store

Venture firms raised $9.3 billion in Q1 according to PitchBook data, which means this year likely won’t match or surpass 2023’s $81.8 billion total. While emerging managers are feeling the…

Kevin Hartz’s A* raises its second oversubscribed fund in three years

Google is making reviews of all your movies, TV shows, books, albums and games visible under one profile page starting June 24, according to an email sent to users last…

Google is making your movie and TV reviews visible under a new profile page

Zepto, an Indian quick commerce startup, has more than doubled its valuation to $3.6 billion in a new funding round of $665 million.

Zepto, a 10-minute delivery app, raises $665M at $3.6B valuation

Speak, the AI-powered language learning app, has raised new money from investors at double its previous valuation.

Language learning app Speak nets $20M, doubles valuation

SpaceX unveiled Starlink Mini, a more portable version of its satellite internet product that is small enough to fit inside a backpack.  Early Starlink customers were invited to purchase the…

SpaceX debuts portable Starlink Mini for $599

Ali Rathod-Papier has stepped down from her role as global head of compliance at corporate card expense management startup Brex to join venture firm Andreessen Horowitz (a16z) as a partner…

Brex’s compliance head has left the fintech startup to join Andreessen Horowitz as a partner

U.S. officials imposed the “first of its kind” ban arguing that Kaspersky threatens U.S. national security because of its links to Russia.

US bans sale of Kaspersky software citing security risk from Russia 

Apple has released Final Cut Pro for iPad 2 and Final Cut Camera, the company announced on Thursday. Both apps were previously announced during the company’s iPad event in May.…

Apple releases Final Cut Pro for iPad 2 and Final Cut Camera

Paris has quickly established itself as a major European center for AI startups, and now another big deal is in the works.

Poolside is raising $400M+ at a $2B valuation to build a supercharged coding co-pilot

The space industry is all abuzz about how SpaceX’s Starship, Blue Origin’s New Glenn, and other heavy-lift rockets will change just about everything. One likely consequence is that spacecraft will…

Gravitics prepares a testing gauntlet for a new generation of giant spacecraft

LTK (formerly LiketoKnow.it and RewardStyle), the influencer shopping app with 40 million monthly users, announced on Thursday the launch of a free direct message tool for creators to instantly share…

Influencer shopping app LTK gets an automatic direct message tool

YouTube appears to be taking a firm stance against Premium subscribers who attempt to use a VPN (virtual private network) to access cheaper subscription prices in other countries. This week,…

YouTube confirms crackdown on VPN users accessing cheaper Premium plans