How do you quantify the potential cost savings or business impact of a POC?
Quantifying the potential cost savings or business impact of a Proof of Concept (POC) involves several factors. First, you need to determine the specific goals and objectives of the POC. Then, measure the potential impact on key performance indicators (KPIs) such as time savings, operational efficiency, cost reduction, revenue growth, and customer satisfaction. Additionally, consider the potential risks and drawbacks of the POC implementation. By conducting thorough data analysis and comparing the projected outcomes with the current baseline metrics, you can estimate the potential cost savings and business impact of a POC.