AI's False Promise: Why Companies Aren't Saving Money with Artificial Intelligence

The canonical practice

Explain who the buyer compares you with and the defensible reason you win.

What the current news changes

The disconnect between AI investment and productivity gains underscores the need for rigorous evaluation and accountability frameworks to ensure that safety and compliance professionals can confidently advocate for AI integration that truly delivers value.

What to do now

1. Conduct a thorough ROI analysis of existing AI implementations to identify inefficiencies and areas for improvement.
2. Develop a benchmarking framework to compare AI performance against industry standards and best practices, ensuring defensible ROI claims.
3. Advocate for transparent reporting and accountability mechanisms that track AI-driven outcomes and hold organizations accountable for promised cost savings.

Sources

• Infographic: 5 Scariest Workplace Safety HazardsEHS Daily Advisor · ehsleaders.org
• EHSLeaders Song of the Week: (Every Day Is) HalloweenEHS Daily Advisor · ehsleaders.org
• Companies are not saving money with AI, Gartner findsHR Dive · hrdive.com
• ABC publishes free cybersecurity roadmap for DOD contractorsConstruction Dive · constructiondive.com
• DOL Awards $250K in Brookwood-Sago Grants for Mine Safety, Health EducationISHN · ishn.com
• BWC Announces Fifth Round of Workforce Safety Innovation GrantISHN · ishn.com
• Despite pausing rate hikes, ‘inflation is too high’: Fed chairConstruction Dive · constructiondive.com
• EHSLeaders Q&A: Angelo Cianfrocco of Intelex on Lockout/Tagout ComplianceEHS Daily Advisor · ehsleaders.org
• Utility Contractor Facing $318K in OSHA Fines for Trench HazardsEHS Daily Advisor · ehsleaders.org
• Too much disruption can affect workplace cultureHR Dive · hrdive.com

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