Insights

How to Build a Data-Driven Business Strategy

How to Build a Data-Driven Business Strategy

$9.5 trillion. That’s the lowest annual business value economic research giant MGI (McKinsey Global Institute) estimates AI could generate. On the high end of the scale, they estimate it could reach $15.4 trillion.

There is debate raging about the impact of AI on the economy. Some experts believe it will result in job losses, while others believe it will create even more jobs. But one thing is certain: businesses will reap major benefits from the increased productivity generated by A.I..

Building a data-driven business strategy is now more vital than ever. According to the International Data Corporation, businesses will spend $52bn on AI within the next 3 years. Those who adopt early will reap the greatest advantages.

“Late adopters might find it difficult to generate impact from AI, because front-runners have already captured AI opportunities and late adopters lag in developing capabilities and attracting talent.” – MGI

Artificial Intelligence is no longer an issue of the future. It is impacting today’s economy in ways we have yet to even measure. This ranges from sales recommendations to the automation of unskilled work.

Find out what you need to know before creating your data-driven strategy. Discover what’s behind our data economy. Learn how it works and how you can get it to take your business from today into tomorrow.

Download our guide here


References

https://www.washingtonpost.com/business/artificial-intelligence/2018/11/13/

https://www.mckinsey.com/featured-insights/artificial-intelligence/notes-from-the-ai-frontier-applications-and-value-of-deep-learning


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