--- title: 4 Essentials for AI Success description: AI can deliver tremendous benefits but requires a solid data foundation to do so image: https://blog.robobai.com/hubfs/4%20Essentials%20for%20AI%20Success%20image.png --- [Skip to the main content.](https://blog.robobai.com/4-essentials-for-ai-success#main-content) [![RobobAI logo](https://blog.robobai.com/hs-fs/hubfs/Robobai_logo_horizontal_wtagline-1.jpg?width=2872&height=1066&name=Robobai_logo_horizontal_wtagline-1.jpg "RobobAI logo")](https://robobai.com) [![RobobAI logo](https://blog.robobai.com/hs-fs/hubfs/Robobai_logo_horizontal_wtagline-1.jpg?width=2872&height=1066&name=Robobai_logo_horizontal_wtagline-1.jpg "RobobAI logo")](https://robobai.com) - Products - [Agent Bob](https://robobai.com/meet-agent-bob) - [Spend Visibility](https://robobai.com/spend-visibility) - [Procurement Management](https://robobai.com/procurement-management) - [Payments Analytics](https://robobai.com/payment-analytics) - [Third Party Risk Management](https://robobai.com/third-party-risk-management) - 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Products - [Agent Bob](https://robobai.com/meet-agent-bob) - [Spend Visibility](https://robobai.com/spend-visibility) - [Procurement Management](https://robobai.com/procurement-management) - [Payments Analytics](https://robobai.com/payment-analytics) - [Third Party Risk Management](https://robobai.com/third-party-risk-management) - [Compliance](https://robobai.com/compliance) - [Contract Management](https://robobai.com/contract-management) - Solutions - [Master Data Management](https://robobai.com/master-data-management) - [Consulting](https://robobai.com/consulting) - [AI Engine](https://robobai.com/ai) - [Managed Services](https://robobai.com/managed-services) - [Industries](https://robobai.com/solutions/industries) - [Construction](https://offer.robobai.com/solutions/industries/construction) - [Manufacturing](https://offer.robobai.com/solutions/industries/manufacturing) - [Food & Beverage](https://offer.robobai.com/solutions/industries/food-beverage) - [Health](https://offer.robobai.com/solutions/industries/health) - [Retail & E-Commerce](https://offer.robobai.com/solutions/industries/retail) - Resources - [Datasheets](https://robobai.com/datasheet-products-and-services) - [Case Studies](https://robobai.com/case-study) - [About Us](https://robobai.com/about-us) - [Newsroom](https://blog.robobai.com) - [Demo](https://robobai.com/request-a-demo) - [Contact](https://robobai.com/contact-us) - Partner Login [Linkedin](https://www.linkedin.com/company/robobai/) [X](https://x.com/RobobaiGlobal) [YouTube](https://www.youtube.com/@robobai7442) 1 min read # 4 Essentials for AI Success [Dave Curtis](https://blog.robobai.com/author/dave-curtis) : Jan 8, 2025 [AI](https://blog.robobai.com/tag/ai) [B2B payments](https://blog.robobai.com/tag/b2b-payments) [Supplier Risk Management](https://blog.robobai.com/tag/supplier-risk-management) [data driven](https://blog.robobai.com/tag/data-driven) [spend visibility](https://blog.robobai.com/tag/spend-visibility) [AI driven supply chain analytics](https://blog.robobai.com/tag/ai-driven-supply-chain-analytics) [AI Supply Chain](https://blog.robobai.com/tag/ai-supply-chain) [supply chain management](https://blog.robobai.com/tag/supply-chain-management) [Master Data Governance](https://blog.robobai.com/tag/master-data-governance) - [Tweet](https://twitter.com/share) ![4 Essentials for AI Success](https://blog.robobai.com/hubfs/4%20Essentials%20for%20AI%20Success%20image.png) ### Dave Curtis, CTO with global fintech RobobAI, shares key elements to look for in AI vendors Two new reports highlight [the need for consistent, high-quality data to build reliable AI systems.](https://www.nojitter.com/ai-automation/no-jitter-midroll-ai-thrives-good-data-%E2%80%93-getting-it-hard-part) [Dave Curtis](https://www.linkedin.com/in/dave-curtis-52b915/), Chief Technology Officer at global fintech [RobobAI](https://robobai.com), explains key elements for AI success. RobobAI is a trailblazer utilizing AI to help businesses manage spend visibility, optimize B2B payments, and reduce supplier risks to improve supply chain management. Organizations with high volumes of data can realize the greatest benefits from adopting AI; however, the quality of data is critical. *"AI can deliver tremendous benefits but requires a solid data foundation to do so," Curtis says. "Multiple, siloed, legacy systems bursting with disparate, duplicate, and incomplete data make this a challenge. Establishing an appropriate AI foundation is critical for long-term success."*   According to Curtis, there are four key elements to look for when assessing AI vendors:     1. The size of the AI engine:  The volume of data that it holds determines the number of possible permutations, or relationships between data points, which impacts the number and quality of insights that can be generated. 2. The type of data:  Is the AI engine built on the type of data (such as images, web references, or financial data) that can benefit your company?  3. The maturity of the AI engine:How long has the model been training and testing? Over time AI improves data accuracy and increases the volume and quality of the relationships built between data points. 4. The AI team:Over 80% of companies that embark on AI hit barriers relating to data. Look for a team with experience in data, AI, and your specific industry. *Large organizations that leverage AI to classify spend data, need to start with master data management for them to gain the ability to manage supplier costs and risks and optimize more valuable suppliers helping ensure their long-term resilience,* Curtis says. *"We've been rigorously building and testing our AI models for over seven years,"* Curtis says. *"We have mature AI models and we're offering direct access to these models to give proactive organizations a head starts in surfacing opportunities from their own finance and procurement data quickly."*       This article originally appeared in [NewsRamp.](https://newsramp.com/) Read the source article [here.](https://www.24-7pressrelease.com/press-release/516090/4-essentials-for-ai-success)     [![payment-analytics](https://blog.robobai.com/hs-fs/hubfs/payment-analytics.png?width=1788&height=401&name=payment-analytics.png)](https://robobai.com/payment-analytics) *RobobAI is a comprehensive procurement intelligence platform that transforms how organisations manage their* [payment analytics.](https://robobai.com/payment-analytics)*Our AI-powered solutions deliver valuable insights into spend data, helping organizations optimize cash flow with data-driven precision.* ### Related posts [![How Strong Is Your Shield Against Fraud across your supply chain?](https://blog.robobai.com/hubfs/How%20Strong%20Is%20Your%20Shield%20Against%20Fraud.png)](https://blog.robobai.com/how-strong-is-your-shield-against-fraud) #### [How Strong Is Your Shield Against Fraud across your supply chain?](https://blog.robobai.com/how-strong-is-your-shield-against-fraud) [Dave Curtis](https://blog.robobai.com/author/dave-curtis) 3 Reasons You Need AI-Powered Spend Analytics. Have you modernized your spend management? [Read more >](https://blog.robobai.com/how-strong-is-your-shield-against-fraud) [![The Business of Automation and AI-Powered Retail Predictions](https://blog.robobai.com/hubfs/The%20Business%20of%20Automation%20and%20AI-Powered%20Retail%20Predictions.png)](https://blog.robobai.com/the-business-of-automation-and-ai-powered-retail-predictions) #### [The Business of Automation and AI-Powered Retail Predictions](https://blog.robobai.com/the-business-of-automation-and-ai-powered-retail-predictions) [Press release](https://blog.robobai.com/author/press-release) [Read more >](https://blog.robobai.com/the-business-of-automation-and-ai-powered-retail-predictions) [![The Ethical Sourcing Enigma: 4 Ways AI Can Help Solve Supply Chain Sustainability](https://blog.robobai.com/hubfs/The%20Ethical%20Sourcing%20Enigma%204%20Ways%20AI%20Can%20Help%20Solve%20Supply%20Chain%20Sustainability.png)](https://blog.robobai.com/the-ethical-sourcing-enigma-4-ways-ai-can-help-solve-supply-chain-sustainability) #### [The Ethical Sourcing Enigma: 4 Ways AI Can Help Solve Supply Chain Sustainability](https://blog.robobai.com/the-ethical-sourcing-enigma-4-ways-ai-can-help-solve-supply-chain-sustainability) [Julian Harris](https://blog.robobai.com/author/julian-harris) The Rubik’s Cube is an incredibly deceptive puzzle. With just six sides, this small block can produce nearly 43 quintillion combinations. 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ABN 16 621 681 776. All rights reserved. [X](https://x.com/RobobaiGlobal)[Linkedin](https://www.linkedin.com/company/robobai/)[YouTube](https://www.youtube.com/@RobobAI) Return to top ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Dave Curtis", "url" : "https://blog.robobai.com/author/dave-curtis" }, "dateModified" : "2025-02-13T02:26:57.375Z", "datePublished" : "2025-01-07T20:00:00.000Z", "headline" : "4 Essentials for AI Success", "image" : [ "https://blog.robobai.com/hubfs/4%20Essentials%20for%20AI%20Success%20image.png" ], "mainEntityOfPage" : { "@id" : "https://blog.robobai.com/4-essentials-for-ai-success", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.robobai.com/hubfs/Robobai_Logo_400-300x81.jpg" }, "name" : "Robobai PTY LTD" } } ```