What makes AI so impactful in business and why now?
We are entering a new chapter in the adoption of AI technologies: Capabilities are advancing, it is becoming easier to develop and implement AI applications and companies are seeing tangible benefits. To the customer, it is not AI that matters – it’s the fact that the business process got done on time and with accuracy. People don’t buy AI, they buy the solution to the problem.
Goals for using AI
AI is deployed across a wide spectrum of use cases to address Business Objectives including gaining competitive edge, reducing costs, increasing revenue, improving team efficiency, as well as mitigating risk of non-compliance, cost of disruption and value of digital maturity.
AI is being integrated into the fabric of business and addresses multiple business challenges to optimize and enable:
• decision-making
• new actionable insights
• customer relationships
• more productive employees
• new business models and processes
• new products and services
“AI changes the way you do business. It allows you to do things faster and better and it tackles things that were not possible before. For example, take a three-week-long mortgage application process and using AI reduce that task to five minutes. Suddenly, it’s a differentiator.” Benny Cohen, Founder and President at KPI Digital.
What the AI Revolution means for your business
Your business will have to get smarter. Take a traditional sector like farming currently undergoing huge changes, in which technology is being used to intelligently plan what crops to plant, where and when, in order to maximize harvests and run more efficient farms. Data and AI helps farmers monitor soil and weather conditions, the health of crops, and pinpoint diseases. Farms that refuse to evolve risk being left behind.
This is the impact of the AI Revolution.
The AI Revolution transforms the way we do business. For your company, this may mean you have to rethink the way you create products and bring them to market, rethink your services, rethink your business processes, or even rethink your entire business model.
About KPI Digital
KPI Digital specializes in Data and Analytics, AI, Governance and Digital Transformation across the enterprise. We help our customers align an enterprise AI strategy with their business objectives. We supply them with solutions to address their business and technical challenges with clear roadmaps, technology, and skills.
We focus on companies’ business use cases and the value that the companies provide to their customers. Through a data-driven strategy and AI Maturity Assessments and Workshops we help companies understand their gaps in strategy, culture, technology and data, as well as how they rate against competitors. Then we build and implement solutions that help them evolve and continuously grow their business.
