Artificial Intelligence Implications for Business: Are you Ready?
“Today is only one day in all the days that will ever be. But what will happen in all the other days that ever come can depend on what you do today”. – Ernest Hemingway
Artificial Intelligence technologies and capabilities are driving digital transformation, growth and opportunity in nearly every sector. According to PwC, the “AI revolution” will result in a potential contribution of $15 trillion to the world economy by 2030.
Why is it that AI can have such a massive impact? In a word, data.
One area where AI is making a significant contribution is in its ability to make sense of data—including diverse data types (structured and unstructured) and for unprecedented quantities—in transformational ways. And, it plays a key role in transforming data into actionable intelligence to support faster and more effectively decision making processes. For example, AI-based technology can dramatically improve knowledge and information management processes for gaining competitive advantage. But even if AI benefits are clear and concrete, the problem is that it is not easy to change…
As companies increasingly recognize the artificial intelligence implications for business and actionable benefits, the question becomes: How will you use AI for your business?
AI disruption in corporate intelligence and risk management
There are many artificial intelligence implications for business but areas such as corporate intelligence and risk management are experiencing the AI disruption more acutely. Information, news streams, social content, etc. have the potential to deliver concrete opportunities or to put every area of the business at a disadvantage, especially when it comes to decision making.
Collecting information and searching data is not enough to get ahead of the competition. The ability to analyze the information available in real-time, and reveal the insight and opportunities hidden in data is where AI delivers real competitive advantage.
Thanks to Cogito cognitive technology based on AI algorithms, organizations can effectively support and improve corporate intelligence and risk management processes in order to:
- Leverage all information, combining internal knowledge with other information sources and extract relevant data
- Provide effective and real-time insight on strategic initiatives, partners and any third parties
- Mitigate and even completely avoid risks for operations, reputation, etc. through information analysis and monitoring
- Know what competitors are doing and intercept markets trends
The AI revolution is here. What will you do today to leverage AI for your business?