Enterprise AI solutions

4 Ways Enterprise AI Solutions can Fuel Business Growth

Kinetic global business leaders have implemented AI strategies in businesses and have become an epitome of success. According to a study, a lot of business managers consider that Artificial Intelligence would profit their organization by reducing costs and increasing opportunities. 84% of respondents also believed that Al will lend a competitive advantage to their business.

In this blog, we would cover the 4 basic benefits of integrated AI strategies that can disrupt businesses and help them grow.

4 Benefits of a well-integrated AI strategy

  • Better Business Decisions

Infobesity and capacity constraints are a bad combination for the growth of an organization. It is believed that artificial intelligence consulting services can mitigate the impact of this bad combination on business decisions.

AI can enhance information processing and amplify capacities of business and therefore businesses can level up their efficiency of decision-making.

  • Better Customer Experience

AI has capabilities to prepare a business for its customers. Through Artificial Intelligence, the tracking of customers’ activities is easier than ever. Many businesses are already leveraging this tool to improve their products and services. KFC, in collaboration with China’s Google Baidu, has launched an AI-equipped facial recognition system. The system tracks customer preferences and can be further used to predict what customers would want to eat at a particular time of the day.

A large proportion of businesses have also unleashed the capacities of AI in automating customer interactions and making real-time assistance possible. A Canada-based telecommunications company increased its customer satisfaction by 65% by integrating chatbots into its operations. AI can greatly contribute to enhancing the customer experience.

  • Better Data Quality

AI can only help businesses collect more relevant, high-quality data but it has also changed how businesses eye and process big data. Many businesses have leveraged Enterprise digital strategy advisory services and have devised an integrated AI strategy to enrich data quality.

With enhanced capabilities related to data tracking, arranging, processing, and mining, businesses can amplify their business opportunities and increase their profit shares.

  • Better Business Operations

The AI potential use case stack offers a lot of other untapped applications. These can transform and automate business operations, making businesses more cost-efficient and resource-efficient than ever.

AI can help in better business decisions, customer experiences, data quality, and business operations.

Prepare your business for tomorrow’s transformative world with Enterprise AI solutions offered by Millennial Partners.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

Digital Transformation Strategy

Need for an Effective AI Strategy to Fuel Business Growth during Crisis – Part 2

In the last part, we studied how an effective AI strategy can play a crucial role in recovering from the adverse consequences of an unexpected event. In this part, we will study the strategic areas that need to be taken into consideration to devise a successful AI digital transformation strategy to prepare a business for recovery and growth.

2 Key Strategic Areas to Consider for a Successful AI Strategy

  • Discover and Develop New Business Competences Powered by AI

A well-planned response to a crisis is crucial to scale business growth. To counter the market turbulences and develop a measured comeback, businesses need to identify the remodeling needs of customers. Following this, appropriate measures can be taken by kinetic competitors and markets to reciprocate to them.

Today, businesses with physical offerings are shifting to digital twin solutions to limit the physical contact and curb the spread of the Coronavirus. By combining enterprise AI solutions and AI-powered digital platforms, businesses must step beyond their comfort zones and analyze places where value can be derived.

  • Integrate AI into Core Business Prototype

Businesses that fail to implement effective AI strategies into their operations are more likely to limit their ROI. A careful end-to-end view of business operations is preemptive to recognize areas for AI integration.

The current black swan event characterized by the Coronavirus is opined to bring an ecosystem-level change. Businesses that would devise a digital transformation strategy with AI integration to reset and rescale the plan and operations would eventually earn huge profits. In the long term, embedding AI into core functional areas would radically increase efficacy in operations.

Embrace Enterprise Artificial Intelligence Solutions from AI Consulting Specialists

An effectual AI strategy to recover from the COVID-19 crisis surpasses building lightweight, beta mode algorithms or addressing ad hoc business trends or problems. Partnering with a leading AI consulting specialist would help businesses revive and rise back stronger.

Millennial Partners (millennial.ae)prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

Enterprise AI solutions

Need for an Effective AI Strategy to Fuel Business Growth during Crisis

2020 has been a tough year, bringing lamentable loss to lives and businesses.

The sudden knock of the COVID-19 pandemic was characterized by dire consequences, deeply affecting the businesses’ momentum. The strategies devised by even the biggest businesses of the industries stood defunct in the face of the health threat crisis followed by the grand global lockdown implemented in more than 20 countries.

Business Transformation during the Time of Crisis: The Need And Pace

Given the belief of authorities that contactless operations could curb the spread, the businesses couldn’t depend on their traditional practices. This resulted in a growing need for digital technologies and digital transformation strategies.

Business transformation at the inopportune time of crisis won’t be the same as it is under normal circumstances. According to a survey by Harvard University, senior executives of 70% of 1,000 companies stated that pandemic would accelerate business transformation and that it would be the only way to combat the economic effects of COVID-19 on businesses.

Why is now the best time to come up with Fresh AI Strategies?

The unforeseeable hit by the black swan event left the previously planned strategies lifeless. It is time to devise an intelligent strategy that could prevent businesses from short-term negative effects and help them adapt to the permanent effects of the crisis.

The following points would reveal how the current situations are favorable to a vertical change:

  • Mitigated Market Reaction for Experimentation

Since the focus of the world is on the crisis and its effects, and markets are at a recovery phase, the sheer disruption that the vertical business strategies could bring normally to the effect is mitigated for a brief time period.

  • Favorable Changes in Almost-Flattened Customer Adoption Curves

It is evident that customers are generally reluctant to abrupt changes and require considerable time to adopt new processes. However, since the crisis has had a major effect on the population, the spirit to compromise and adjust is escalated. Businesses can harness that spirit to create a positive change for themselves and customers.

  • Crisis-Characterized Readiness to Change at All Levels of Organization

The internal business teams work in silos and are reluctant to change. The most kinetic business managers and shareholders demand immediate profits. Now that the black swan has had its massive effect on businesses, the urgency to revive has leveled-up the readiness to embrace changes at all levels within organizations.

Recover and Gain Profit with best Enterprise AI Solutions

Given the current unprecedented scenario, the need for business transformation cannot be overlooked. Businesses that stick to unshakable inertia and hope everything would snap back to normal would eventually land out of their cloudland or would have to shut-down.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.