As artificial intelligence continues to gain importance in businesses, Pigment announces the launch of AI Investment Planner, a new feature designed to help finance departments and FinOps teams better manage their AI investments. This solution aims to provide greater visibility into spending, facilitate forecasting and strengthen the governance of projects related to artificial intelligence.
A response to rapidly increasing spending
The rapid adoption of artificial intelligence is transforming ways of working and multiplying use cases across organizations. However, this evolution is also accompanied by rising costs, particularly due to the use of generative AI models, whose pricing and consumption volumes change regularly.
In this context, finance teams must manage spending that is difficult to anticipate and track, while also being able to assess the value created by different projects.
Centralizing and tracking AI-related spending
With AI Investment Planner, Pigment offers a single space for consolidating usage data and costs from multiple artificial intelligence providers and models.
The solution makes it possible to allocate spending to the relevant teams, cost centers, projects or initiatives in order to improve visibility into investments made.
Improving budget forecasts
The new feature also provides forecasting tools for estimating future spending based on historical usage, adoption assumptions and planned projects.
Companies can therefore compare multiple scenarios before approving their budgets and more easily anticipate changes in their artificial intelligence-related costs.
Measuring return on investment
Beyond financial tracking, AI Investment Planner aims to help organizations link spending incurred to expected benefits. This approach is intended to facilitate the assessment of the return on investment of AI initiatives and guide investment decisions.
The solution also incorporates mechanisms for detecting budget overruns or consumption spikes, as well as an approval process for new projects before any financial commitment is made.
A governance-oriented approach
Through this announcement, Pigment is strengthening its financial planning offering by incorporating a dimension dedicated to the governance of artificial intelligence investments. The objective is to provide finance departments with tools enabling them to better control spending, anticipate future needs and support investment decisions based on consolidated data.
source: Pigment
