Artificial Intelligence in businesses
Artificial Intelligence (AI) in Business: 5 Strategic Questions
Artificial Intelligence (AI) and Machine Learning (ML) are reshaping industries at an unparalleled rate, prompting more companies to embrace these technologies. However, the value and competitive advantage derived from technology are not automatic—they require strategic insight and implementation.
Technology Valuation Desk
T. Robb
Strategic Considerations for AI in Business:
1. Competitive Advantage Through AI: Does having access to vast data reserves automatically position companies like Google at a competitive advantage? We explore this assumption and how other companies can leverage AI to create their own competitive edges effectively.
2. Horizontal vs. Vertical AI: Each AI strategy offers unique benefits, but which one is more likely to deliver sustainable value for different types of businesses? We delve into the strengths and weaknesses of both approaches to determine their effectiveness across various industry contexts.
3. Make or Buy Decisions: It is crucial for companies to decide whether to develop AI capabilities in-house or to acquire them from external sources. We provide insights into making these strategic decisions, emphasizing how they can influence ROI and long-term business growth.
4. Impact of AI on Technology: How is AI influencing current technological frameworks and what implications does this have for future innovations? We explore how AI integration is reshaping business operations and the potential transformative effects it holds.
5. Governance and Ethics in AI: As AI technologies become more integral to business operations, addressing governance and ethical considerations becomes essential. We discuss the importance of transparent, responsible AI deployment that aligns with both corporate values and regulatory standards.
AI based Virtual Business Assistants for companies
Virtual Assistants for companies
Intelligent Virtual Assistants – background
The intelligent virtual assistant market is rising and has a more and more impact on the daily business. An intelligent virtual assistant is an engineered entity residing in software that interfaces with humans in a human way. This technology incorporates elements of interactive voice response and other modern artificial intelligence projects to deliver full-fledged “virtual identities” that converse with users.
One main purpose of an intelligent virtual assistant is to answer questions that users may have. This may be done in a business environment, for example, on a business website, with a chat interface. A further main element is the automated completion of tasks, for example scheduling meetings, ordering new stuff for the office or sending mails to customers.
The market itself of IVA’s is highly competitive thus it makes it really hard for a non-expert to find the right Intelligent Virtual Assistant that fits to his requirements.
Problem for companies
Since Virtual Assistants opens a completely new market, most of the companies do not have the knowledge about it. The market offers a great potential, which make it highly competitive and the supply is that great that companies are struggling by choosing the right product. In addition to that, it’s really hard for companies to compare the offered products to each other. In case of integration a virtual assistant to the company’s systems many of them are struggling and it causes the loss of efficiency. Without an expert knowledge, they may adopt the wrong VA that is not fitting to their requirements and instead of losing working tasks, they gain even more.
The report
Our report includes all the key players and leading startups. Each of them will described with their main attributions. We also show market data and future growth as well as insights about technological and regional market trends.
With our report you get a quick overview about the market and its trends and understand with our help easily which virtual assistant fits to your requirements.
Benefits
Through our offering you will gain a knowledge of VA that makes you to understand the market, the product, the risk and chances. Furthermore, we will help you with the decision of adopting and integrating the VA and help you through the process. At the end our costumer will takes the VA that fits the most to his requirements and will be more efficient in his processes.
Need more - Your personalized market research and advisory
For our clients we offer a fully personalized market research and advisory about the today’s virtual assistant market. As an experienced consultancy in the area of new technologies, we have a wide network with specialists, experts and startups.
Furthermore, we know exactly the market and the products that fits perfectly for your individual requirements.
We identify and evaluate technology trends and determine their effect on the market and on individual market players.
To set up such a personalized market research, we analyze your company to find out your needs and which processes could be automated by a virtual assistant and advice you which virtual assistant fits to your business and needs the most.
If you’re interested and need more information, please feel free to contact us.
Who we are
We are a business consultancy situated in Germany and our focus is on various technology sectors. We have an in-depth understanding of the German market, especially in IT, energy storage, and biotechnology.
Iceventure offers business development and business intelligence on the German market for foreign companies and often deals with aspects around market entry questions. In line with these activities we often cooperate with institutional entities helping them to reach their goals.
We are primarily active in the field of software and energy storage (business side), but other sectors like machinery tools or electrical engineering are also well known to us from our work.
Expert AI Strategy Services
Iceventure offers comprehensive artificial intelligence (AI) consulting services to assist companies implement AI strategies in their business. We help businesses - from SMEs to larger corporations - make sense of AI and turn it into a real, tangible asset. With years of hands-on experience in AI, we know what works and, more importantly, what doesn’t.
Whether you need help developing your AI strategy, bringing AI concepts to fruition, or implementing AI solutions, Iceventure is prepared to guide you through the process.
Is This Service Right for You?
- You see the potential of AI but are struggling to identify the right use case that will add real value to your business.
- You are on the brink of integrating AI into your current systems and need expert guidance to ensure a successful project setup.
- You have implemented AI but are finding it challenging to accurately measure its ROI and impact on productivity and overall business performance.
We work with you to unlock productivity and efficiency, gain a competitive edge, and achieve tangible ROI through AI.
How We Can Help
AI Strategic Planning : We guide you through crucial make-or-buy decisions, ensuring you comprehend whether your current data infrastructure is sufficient. We provide a clear understanding of the total cost of ownership (TCO) and the primary cost drivers associated with AI implementation and maintenance. We ensure your investments are strategic, well-planned, and aligned with long-term business objectives.
AI Use Case Selection: Our team collaborates with you to identify and implement the most impactful use cases tailored to your specific business needs. Common AI use cases include:
- Process automation
- Customer data analysis
- Predictive maintenance
- Personalized client interactions
These applications help optimize business operations and enhance client engagement strategies.