How to Choose the Right Generative AI Vendor for Your Enterprise?

In the rapidly evolving landscape of generative AI, selecting the right vendor has become increasingly challenging. To help organizations make informed decisions, Squirro has developed the Enterprise GenAI Evaluation Checklist. This comprehensive guide is designed to streamline the vendor selection process and can serve as a template for RFP preparation, helping organizations clearly communicate their needs and expectations to potential vendors.

Why Use the Enterprise GenAI Evaluation Checklist?

With over two-thirds of AI initiatives failing due to poor preparation, ensuring your organization is AI ready is critical. Strengthening strategic alignment, data and infrastructure readiness, and operational capacity are essential to closing gaps before they derail projects, increasing success rates and minimizing costly setbacks and delays

Our checklist provides a systematic approach to evaluating your Enterprise GenAI needs, ensuring you assess capabilities, compatibility, and value propositions effectively. This includes:

• Feature Requirements:

  This section helps you detail the specific feature requirements for your AI solution, covering taxonomy, chat, search, and data management needs, ensuring comprehensive functionality and robust data protection (Connectors, ML Model Development, GraphRAG, Guardrail Management,...).

• Technical Considerations:

  Here, we guide you in defining the comprehensive scope of work for your AI project, detailing solution types, success metrics, technical requirements, and integration needs to ensure a well-defined and successful implementation (Operating Language, Cloud Instance, LLM Section,...).

• Security and Compliance Requirements:

  Specify your security and compliance requirements step by step to ensure prospective solutions meet your expectations in terms of robust data protection with detailed security protocols, access control lists, encryption, and compliance measures.

• Project Overview:

  Follow the structure provided by the checklist to outline your AI project's objectives, use cases, requirements, and key milestones to ensure successful implementation.

• Strategic Rationale:

  Define your AI goals, identify pain points, and outline expected benefits and ROI metrics to ensure your AI initiatives align with your business objectives.

• Internal Resources:

  Assess your organization's readiness with detailed criteria on vision, governance, internal experts, computing resources, and data management.

Find the GenAI Vendor That Best Meets Your Needs

We encourage you to use this checklist to structure your GenAI vendor evaluation process. Should you require further assistance or wish to explore tailored solutions, our team of experts is ready to support you.

Why Regulated Industries Trust Squirro over SaaS GenAI

Not all enterprise AI platforms are created equal — especially when privacy, security, and accuracy matter at scale. At Squirro, we deliver a hardened enterprise GenAI platform trusted by central banks and global enterprises.

Feature Comparison: Squirro vs. SaaS GenAI

In our recent comparative analysis of Squirro versus typical SaaS GenAI offerings, several critical distinctions emerged that highlight Squirro's superiority in key areas for regulated industries.

Unlike many SaaS GenAI solutions, which are often confined to cloud-only deployments and offer basic access controls, Squirro prioritizes security and privacy. We provide private cloud and on-premises deployment options, along with robust access control lists and real-time user-group management. These features are essential for regulated environments where data protection is paramount.

Discover the full comparative analysis detailing Squirro's features in terms of performance, accuracy, and enterprise readiness.

 

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