Article
Brochure
Insight Hub
Executive Resource
Ext. Publication
VideoEvaluating AI Vendors: A Guide for Selecting Genuine AI Solutions
Never miss a thing.
Sign up to receive our insights newsletter.
In today's digital era, the allure of artificial intelligence (AI) is undeniable. With its potential to revolutionize industries and streamline processes, many organizations are eager to adopt AI solutions. However, it is crucial to be vigilant and discerning when dealing with AI vendors. Unfortunately, some vendors use false information and misleading claims to lure customers. Common tactics used by AI vendors and Weaver’s guidance on how to navigate the vendor landscape effectively are listed below.
Unmasking Deceptive AI Vendors
It is crucial for organizations to approach vendor management with caution and ask the right questions. By recognizing deceptive tactics employed by some AI vendors, organizations can make informed decisions and avoid falling victim to false promises.
| Deceptive Tactic | Questions to Ask |
|---|---|
| "Sentient being" claims Some AI vendors may exaggerate their technology's capabilities by using terms like "sentient being." While AI has made significant advancements, true sentient AI is still far from reality. Beware of vendors who overstate their AI's level of intelligence. |
1) How does your AI’s intelligence compare to current industry standards? 2) Can you show how your AI thinks like a human? 3) Can you provide a demo showing your AI’s decision-making process? 4) How does your AI handle complex, real-world scenarios? 5) What are the limitations of your AI’s intelligence? |
| Incorrect imaging It is not uncommon for vendors to showcase visually striking results that may, however, be anatomically or factually incorrect. Therefore, it is crucial to thoroughly examine the accuracy and dependability of the outputs generated by AI before making any commitments. |
1) Can you show us the process and data used to generate these images? 2) Have these images been validated by experts in the relevant field? 3) How do you ensure the images are accurate and reliable? 4) What steps do you take to correct any inaccuracies in the images? |
| False promises of saving money, time and solving problems AI vendors often promise significant cost savings, time optimization and problem-solving capabilities. While AI can deliver these benefits, it is crucial to evaluate whether the vendor's claims are realistic and supported by evidence or merely empty promises. |
1) Can you provide case studies or data that support your claims of cost savings and time optimization? 2) What specific problems has your AI successfully solved in past deployments? 3) Can you provide a detailed breakdown of the cost savings and time optimization? 4) Can you provide references from clients who have experienced these benefits? |
| Lack of transparency in algorithmic processes Reputable AI companies are transparent about the algorithms, data sets and models their solutions are built upon. Vendors who avoid discussing these foundational elements may be trying to hide shortcomings or inadequate AI capabilities. |
1) Can you explain the algorithms and data sets your AI solution uses? 2) How do you ensure the accuracy and reliability of your AI models? 3) How do you handle biases in your AI models? |
| Automation masquerading as AI Some solutions may claim to be AI-powered but still require extensive human intervention to solve problems. These are essentially automation solutions misrepresenting themselves as AI. It is important to distinguish between true AI and mere automation. |
1) Which tasks are automated by your AI, and which tasks still require human intervention? 2) Can you provide examples of how your AI adapts and learns over time? 3) How much human intervention is required for your AI to function effectively? 4) How does your AI handle unexpected situations? |
| Minimal data requirements AI models, especially deep learning, require significant amounts of data for effective training. Vendors claiming their AI solutions require minimal data should raise suspicion, as this may indicate insufficient training or limited capabilities. |
1) How much data is required to train your AI models effectively? 2) Can you provide examples of successful deployments with minimal data? 3) How do you ensure the quality of the data used for training? |
| Dependence on business rules If an AI solution heavily relies on predefined business rules to function, it may not truly possess the adaptability and intelligence associated with AI. Genuine AI should be able to learn and adapt independently. |
1) How does your AI solution adapt to new data and changing conditions? 2) Can you provide examples of your AI learning and improving without predefined business rules? 3) How do you ensure your AI remains effective as business rules change? |
| Lack of case studies Authentic AI vendors will have a track record of successful deployments and case studies. Look for detailed information about data, training models and outcomes that go beyond generic claims of efficiency or cost savings. |
1) Can you share detailed case studies of successful deployments? 2) What were the specific outcomes and improvements achieved in these case studies? 3) Can you provide contact information for clients who can speak to your AI’s effectiveness? |
| Absence of continuous improvement AI solutions should demonstrate ongoing improvement over time. If a vendor cannot provide examples of how their AI solution has evolved and improved through learning from previous deployments, it may indicate a lack of genuine AI capabilities. |
1) How does your AI solution evolve and improve over time? 2) Can you provide examples of continuous improvement from previous deployments? 3) How do you incorporate feedback from clients to improve your AI? |
| Insufficient AI talent Evaluating the vendor's team is crucial. If a vendor claims to deliver AI solutions without relying on third-party vendors but lacks skilled AI talent, it raises doubts about their ability to deliver on their promises. |
1) Can you provide information about your AI team’s qualifications and experience? 2) How do you ensure your team stays updated with the latest advancements in AI? |
Falling Prey to Deceptive Tactics
| Financial | Operational | Reputational | ||
|---|---|---|---|---|
| ✔ Wasted funds from AI solutions that fail to deliver the promised befefits ✔ Expanded costs from the need to troubleshoot, correct or replace ineffective AI systems ✔ Overpayment for automation disguised as AI or dealing with poorly trained models |
✔ Inefficiencies, errors and delays due to inaccurate outputs, lack of adaptability and hidden flays in AI models ✔ Frequent manual interventions and adjustemnts disrupting workflows and overall productivity |
✔ Dissatisfaction and potential loss of business/customers (lack of trust) if the AI fails to perform as advised ✔ Difficulty building and maintaining strong client relationships (credibility) due to misleading claims about AI capabilities |
The impacts of falling prey to the false promises made by your AI vendor and their solution can include reputational (i.e., trust/credibility), financial and operational efficiency damages. Some examples of AI failures include:
- An airline’s virtual assistant provided incorrect information and was held liable for accuracy of the information shared by the chatbot. A situation like this could occur due to false promises of saving money, time and solving problems and/or dependence on business rules.
- A recruiting software rejected applicants based on age and gender. In another situation, a recruitment tool recommendation skewed toward men. Situations like this may occur due to a lack of transparency in algorithmic processes.
- A law firm used ChatGPT to research precedents in a suit in which six cases submitted in the brief did not exist (false names and fictitious docket numbers and quotes). While this may occur from a lack of understanding or guidelines for using AI by the user, this may also transpire by only having minimal data requirements.
- A home buying service used an AI algorithm that resulted in purchases of properties with the intention to flip for higher prices than the potential selling price and required the company to write-down inventory. With an algorithm, situations like this could occur due to an absence of continuous improvement, lack of case studies and/or dependence on business rules.
Finding Authenticity in AI
When evaluating AI solutions, it is important to look beyond the generic promises of saving money, time and solving problems. Remember to scrutinize claims, demand transparency, seek evidence of continuous improvement and assess the vendor's AI talent. Consider the following aspects to determine the true value and capabilities of an AI solution.
Enhanced decision-making
AI should provide valuable insights and support decision-making processes by analyzing complex datasets and identifying patterns that human operators may overlook. Look for AI solutions that offer advanced analytics and predictive capabilities to help optimize decision-making.
Improved efficiency and productivity
Genuine AI solutions should streamline processes, automate repetitive tasks and enhance overall efficiency. Look for AI systems that can handle large volumes of data, automate routine processes and free up human resources to focus on more strategic and creative tasks.
Personalization and customer experience
AI can enable personalized experiences by analyzing customer data and preferences. Look for AI solutions that offer personalized recommendations, tailored marketing campaigns and enhanced customer service interactions.
Advanced data analysis
AI should possess the ability to analyze vast amounts of data quickly and accurately. Look for AI solutions that can uncover hidden insights, detect anomalies and provide actionable recommendations based on data analysis.
Risk assessment and mitigation
AI can play a crucial role in identifying and mitigating risks across various industries. Look for AI solutions that offer risk assessment models, fraud detection algorithms and predictive maintenance capabilities to proactively address potential issues.
Automation and optimization
AI should automate repetitive tasks, optimize processes and adapt to changing conditions. Look for AI solutions that can continuously learn and improve, adjusting their algorithms and models to optimize performance over time.
Enhanced security and cyber defense
AI can strengthen cybersecurity measures by detecting and responding to threats in real-time. Look for AI solutions that offer advanced threat detection, anomaly detection and proactive security measures to safeguard your organization's data and systems.
Innovation and new opportunities
AI can uncover new opportunities and drive innovation within an organization. Look for AI solutions that foster creativity, generate novel ideas and support research and development efforts.
To find out more about how to prepare your organization for AI, contact us. We are here to help.
©2024