How to Build a Data-Driven Business Strategy
$9.5 trillion. That’s the lowest annual business value McKinsey Global Institute estimates A.I. could generate. On the high end of the scale, they estimate it could reach whopping $15.4 trillion.
There is debate raging about the impact of A.I. 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 A.I. generates.
Building a data-driven business strategy is now more vital than ever. According to the International Data Corporation, businesses will spend $52bn on A.I. 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.
For any A.I. process that’s being implemented into a business, there is a lot to learn before creating a data-driven strategy. Technologies such as Intelligent Process Automation are transforming capabilities and driving enormous cost savings for businesses around the world.
Discover how Intelligent Process Automation is helping businesses transform their data strategies and achieve enhanced efficiency by downloading our free ebook.
Get the latest roundup of the most important, interesting and stories from the past week. In your inbox every Saturday by 10am.
Related Articles you might like
Automation on Production Lines: Enhancing Product Quality with Anomaly Detection
Organizations across all industries are ramping up their digital transformations to adapt to the pandemic, compete with competitors, and improve […]View Blog Post
How Can Intelligent Automation Enhance Business Forecasting?
Across industries, organizations rely on analytical data to help them make strategic decisions and manage supply chains. But this administrative […]View Blog Post
Using A.I. to Accelerate Success: 2021 Automation Predictions
In what has been one of the most unexpected and challenging years in recent memory, we’ve seen unparalleled levels of […]View Blog Post