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Council Post: Big Challenges That AI Can Help Overcome And Steps Companies Can Take To Embrace It

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Debanjan Saha is CEO of DataRobot and a visionary technologist with leadership experience at top tech companies such as Google, AWS and IBM. We may be on our way to a greater economic downturn as we look to 2023. Automation software and technologies that increase companies' insights and efficiencies tend to be contra-cyclical (doing better in down markets) as companies look to do more with less. AI-driven companies can exploit differences in time to action relative to competitors--even ones that have already created a strong business intelligence (BI) framework, according to a McKinsey Global Institute analysis. According to another McKinsey report, AI's impact on the bottom line is growing, with the share of respondents reporting at least 5% of earnings before interest and taxes (EBIT) that's attributable to AI increasing from 22% to 27% year over year.