Artificial Intelligence (AI) consulting can help make the integration of AI solutions a seamless experience by providing you with the right solutions specific to your needs and specifications. Even though a large number of enterprises are jumping on the AI bandwagon, there are still some enterprises that are refraining from implementing AI. According to O'Riley, about 17% of enterprises find it difficult to identify appropriate use cases of AI, and 23% haven't even realized the need for AI implementation. These hurdles can easily be mitigated by employing AI consulting services to understand the potential benefits of AI at the workplace and ways to integrate AI solutions without affecting current infrastructure and procedures. AI consulting can provide enterprises the roadmap for AI implementation at the workplace.
From startups to enterprises racing to get new products launched, AI and machine learning (ML) are making solid contributions to accelerating new product development. There are 15,400 job positions for DevOps and product development engineers with AI and machine learning today on Indeed, LinkedIn and Monster combined. Capgemini predicts the size of the connected products market will range between $519B to $685B this year with AI and ML-enabled services revenue models becoming commonplace. Rapid advances in AI-based apps, products and services will also force the consolidation of the IoT platform market. The IoT platform providers concentrating on business challenges in vertical markets stand the best chance of surviving the coming IoT platform shakeout.
Scaling value is about understanding how to move from pilot to production; getting your data strategy in place to drive real-time strategic actions; and establishing the right talent mix, operating model and governance framework. Those who succeed will reap the rewards. And those who fail may find their businesses fall by the wayside (75 percent of executives believe they will be out of business in five years if they cannot scale AI effectively). AI is no longer a "nice to have" or a set of cool tools to impress management. AI and data strategies are becoming the very core of business, and all the while it's becoming easier and cheaper to get your hands on the technology.
AskBrian, the startup specialized in applied artificial intelligence and provider of AI-based digital assistant Brian, announced the closing of its angel funding round. Experienced business angels Björn Kolbmüller and Paul Schwarzenholz (founders of Zenloop and Flaconi) led the investment round with the participation of private investors from leading management consultancies (Bain & Company, Oliver Wyman, EY, and Stern Stewart & Co.) along with several experienced entrepreneurs. The company, founded by management consultant Pavol Sikula (Stern Stewart & Co., Roland Berger), uses narrow AI technologies to build products that connect humans with state-of-the-art services and information via natural language. Multiple building blocks are orchestrated by the co-founder and CTO Matthias Ruppel (T-Systems) who brings his experience as a software architect and big data specialist. "We see large potential in this very innovative approach of connecting humans and knowledge. We are excited to help the experienced and dedicated founders to fulfill their ambitious mission," said Björn Kolbmüller.
Deloitte has submitted its EU-level response to the white paper on AI along with a cover letter summarising its key messages. We see'trustworthy AI' as a multidimensional concept, in which economic, social, ecological and personal ethics need to be considered. To create the desired European'ecosystem of excellence' where AI SMEs can flourish, we believe in building skills and strengthening research (including first-class testing facilities). We also believe that effective regulation will help establish a level playing field, and - by encouraging innovation and providing proper incentives - can accelerate the development of new industries and technologies. We make suggestions for governance, compliance and assessment of high-risk AI applications.
Although Artificial Intelligence (AI) has been around for decades, both its hype and adoption have grown exponentially in the past few years. Enterprises are recognizing the value of AI as a competitive differentiator and value creator, and many are already investing in AI. In our recent survey of IT heads of 200 global enterprises, 65% have already invested in some AI project. However, while interest and investment are high, AI is far from pervasive in most enterprises' business strategies. In fact, more than 80% of the enterprise executives told us that they were unable to adopt AI at scale or achieve any significant business outcomes.
Deloitte today announced the launch of the Deloitte AI Institute, a center that focuses on artificial intelligence (AI) research, eminence and applied innovation across industries. The Institute will bring together the brightest minds in the field of AI to apply cutting-edge research to help address a wide spectrum of relevant AI use cases. "The Deloitte AI Institute is being established to advance the conversation and development of AI for enterprises," said Nitin Mittal, AI co-leader and principal, Deloitte Consulting LLP. "Our goal is to blend Deloitte's deep experience in applied AI with a robust network of some of the most intelligent AI minds in the world to challenge the status quo. Through the power of this center, we aim to deliver impactful and game-changing research; and innovation to help our clients lead in the'Age of With,' a world where humans work side-by-side with machines."
The AI in Enterprise Accounting Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2025). The assessment provides a 360 view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better-informed decisions. The AI in Enterprise Accounting Market study covers current status, % share, future patterns, development rate, SWOT examination, sales channels, to anticipate growth scenarios for years 2020-2025.
Recently, Deloitte announced the launch of the Deloitte AI Institute – a centre that focuses on artificial intelligence (AI) research, eminence and applied innovation across industries. The institute is said to apply the cutting-edge research to help address a wide spectrum of relevant AI use cases and bridge the ethics gap surrounding AI. The Deloitte AI Institute brings together the brightest minds and research in #AI to advance human-machine collaboration in the Age of WithTM and address a wide spectrum of use cases. In a blog post, Nitin Mittal, AI co-leader and principal, Deloitte Consulting LLP said, "The Deloitte AI Institute is being established to advance the conversation and development of AI for enterprises." He added, "Our goal is to blend Deloitte's deep experience in applied AI with a robust network of some of the most intelligent AI minds in the world to challenge the status quo. Through the power of this centre, we aim to deliver impactful and game-changing research; and innovation to help our clients lead in the'Age of With,' a world where humans work side-by-side with machines."