SAP BrandVoice: The Power Of Artificial Intelligence Vs. The Power Of Human Intelligence

The most immediate benefit of artificial intelligence (AI) for business is increasingly clear: it's a huge opportunity for increased productivity. Gartner recently calculated that In 2021, AI augmentation will create €2.6 trillion of business value and save 6.2 billion man-hours globally and a survey by McKinsey has estimated that AI analytics could add around $13trn, or 16%, to annual global GDP by 2030. The easiest and fastest way to implement business AI is to add machine learning to existing business processes. Automation brings the most value when it's applied to narrow, repetitive business decisions that are made thousands of times a day, replacing the more boring aspects of knowledge work. For example, machine learning has proved successful at automating repetitive finance tasks such as the automatic matching of invoices and payments, increasing rates from 70% to 94% in just a few weeks--resulting in massive savings in time and effort.