Artificial Intelligence In Enterprises - Businesses Are Waking Up

A few years ago I saw this headline news flashing all over the internet. Our dealers are missing up to $18 billion in easy sales. The Chairman and CEO of Caterpillar suggested that the company and its dealers were losing $9 - 18 billion in easy sales revenue as their sales, both internal and dealer networks, weren't monetising the real value of data. They are not tapping into the wealth of real-time customer data now at their fingertips; they are not communicating with each other; and they are not providing customers across the globe with a consistent experience when it comes to everything from e-commerce to parts and services pricing. Long story short, the whole idea was to convert the company's mentality from dumb iron sales to data-driven, machine learning-driven sales.