AI a lifeline to competition, but 25% of companies fail half their projects

AI is a business disruptor, evidenced by the chaos Amazon brought to retail, Uber brought to taxis and Netflix brought to streaming. The AI solutions the Amazons and Ubers of the world are investing in are the ones that offer open source frameworks, edge computing, facial recognition, predictive maintenance and e-commerce searches. A company that uses AI at its foundation "refers to companies that have a business model where the company would cease to exist if AI did not exist," said Jyoti. Companies that thrive go toe-to-toe with existing competitors as well as next-generation competitors, giving them an advantage when developing end-to-end customer experience. "This is a serious competition based on a transformative business model," she said.