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AI Today Podcast: AI Glossary – Digital Transformation, Return on Investment (ROI), Key Performance Indicator (KPI)

Digital Transformation, Return on Investment (ROI), Key Performance Indicator (KPI)

In this episode of the AI Today podcast hosts Kathleen Walch and Ron Schmelzer define the terms Digital Transformation, Return on Investment (ROI), and Key Performance Indicator (KPI), explain how these terms relate to AI and why it’s important to know about them.

Show Notes:

This episode is sponsored by Algolia:

Algolia Powers Discovery. We provide the world’s only end-to-end AI search and discovery platform. We invented a breakthrough use of AI to create exponentially better search & discovery experiences, available via Algolia NeuralSearch, which uniquely combines both vector search & keyword search into a single API.
Algolia NeuralSearch is the only search and discovery product that applies AI to every query. Algolia powers 1.75 Trillion queries per year for 17,000+ global customers spanning 150 countries, and is touched by 5 million developers a month. According to a study conducted by Forrester Consulting, customers gain a 382% Return on Investment with less than a 6-month payback period.
When looking for something online or within an app, people expect to be understood – whether searching for a product to buy or seeking some particular information. Algolia helps businesses deliver on these demanding expectations, instantly for their customers.
Moreover, interpreting user intent is critical to driving customer loyalty and satisfaction. Algolia empowers merchandisers with realtime in-session personalization, whether at the first visit or if the consumer is an infrequent visitor. Algolia offers a seamless and delightful consumer experience across all devices.
Algolia’s API approach allows a business to deliver apps that not only operate in any channel, but can scale as more channels are added without having to create new solutions for each of those channels. Algolia is part of a cadre of innovative new companies that are driving the next generation of software development using AI and based upon APIs for seamless integration.
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