appliedAI Initiative GmbH’s Post

🚀 Is your company navigating the complexities of AI implementation? Discover a structured framework that can elevate your AI initiatives to new heights! Our latest article introduces the AI-Stage-Gate Model – a game-changer for companies striving to systematically develop and expand AI projects. From the initial "Minimum Loveable Idea" to full-scale enterprise deployment, this five-phase approach ensures focused progress and increased success rates. 🔍 Uncover how each phase, marked by specific criteria, helps drive innovation while prompting companies to reevaluate and improve existing processes. This methodical strategy is critical for businesses amid digital transformation, ensuring that AI efforts are effective and strategically executed. If you want to know more, click here: https://lnkd.in/ew-z-D7H #genAI #stagegate #TransformOrDie

Visiting the Hanover Fair 2024 with its focus on automatisation and artificial intelligence to boost the industrial sector in Germany provided us an unparalleled platform to engage with industry leaders. This article reflects our thoughts on why AI is the subject, which no business leaders should spare out. https://lnkd.in/detgnrqS

👍🏻From CIO to C-AI-O 👍🏻 By 2029, CIOs are expected to evolve into C-AI-Os, taking on a pivotal role in shaping their companies' strategies and operations with ML and AI. This article from Tobias Regenfuß is in German, but let me summarize my Key Takeaways: ➡️AI at the Core: By 2029, ML will be embedded in every aspect of business, driving competitiveness and innovation. GenAI will be (and in certain areas already is) commodity. 📉Data Mastery: The ability to harness data and AI effectively will be a critical differentiator for companies. 💪🏻Expanded Responsibilities: C-AI-Os will utilize robust AI platforms and ensure responsible AI governance. 🌍Integrated Data Ecosystem: Leading companies will seamlessly connect data from classical business IT, external research and market data and all kinds of agents through AI-driven data platforms, emphasizing data quality. How do you see AI transforming leadership roles and business strategies in your industry over the next five years?

This is a ground-breaking step towards making industrial AI available to SMEs.

Companies at the GenAI crossroads. After experimenting last year, companies are now investing in GenAI quickly and at scale – with different expectations. The clock is ticking. According to professional services provider Genpact and analyst firm HFS Research, companies only have two years to exploit the full potential of generative AI before they face competitive disadvantages. This is the conclusion of a recent survey (Link in the article)) of 550 executives. The study divides companies into four AI maturity levels based on their investments and the extent of AI implementation: - Pioneers (5 percent) are taking a leading role in integration and setting benchmarks because they expect AI technologies to have a direct impact on their growth, such as a higher market share and competitive advantages. - Fast Followers (27 percent) uses AI strategically to achieve efficiencies and focus on using AI to improve the customer experience. - Hesitant and observers (45 percent) are postponing investments because they want to use AI primarily to increase operational efficiency and productivity. - Refusers (23 percent) are opposed to generativeAI, skeptical and miss out on potential innovations. At which materity level are You? When do you plan to move on? What do You expect to achieve? Read more in the article .... https://lnkd.in/dahfxjSH #GenAI #companies #invest #competition #Study #Genpact #HFSResearch #MaturityLevel #expectations

Serviceware is delighted to be at the AutomotiveIT Congress in Berlin today. A core sector of the German and international economy is in a state of upheaval or, depending on how you look at it, crisis. We will be demonstrating how the added value of IT can be measured and optimised financially and how AI can be used to provide new impetus for automation and process optimisation. Read more: https://hubs.ly/Q02RCYl40 #itconnects #automotiveit #itfm #ai #tbm #digitalvalue #serviceware #thatshow

How to create concrete company values with AI? Check out the latest whitepaper of the AI platform of the German Academy of Technology (in German, use AI to translate :)): https://lnkd.in/efjFrbVY

A question that has become more and more important: How can companies combine the transformative power of #AI with human knowledge and skills to create value for their business? 🚀    At #McKinsey, we firmly believe: It’s #NeverJustTech, but about creating impact that goes beyond. I am convinced, that AI - used in the right way - can help us and our clients realize our full potential. Strategic foresight, accountability, and nurturing the right talent pool are pivotal facets of this endeavor. In a recent article featured in HANDELSZEITUNG, my colleague Andreas Ess elaborates on Lilli, our proprietary AI platform. With such a knowledge companion, we were among the first movers in our industry.   For more insights, read the article here: https://lnkd.in/eSzf63HQ It's never just tech:  ➡️https://lnkd.in/e9h3Fb42 

While 2023 was characterized by the discovery of hashtag#genAI, 2024 will be the year in which companies will actually want to implement this technology and derive business benefits from it. There is huge potential behind the hashtag#AI hype. "Firstly, because of the immense computing power now available, which is greatly accelerating the development of AI applications. Secondly, because of the broad applicability of generative tools making them a sort of AI Swiss army knife." 💡 What characterizes companies that are already successfully integrating AI into their strategy? They focus their AI efforts on specific areas, such as optimizing customer service or the supply chain. Companies that experiment in too many areas, on the other hand, are not utilizing their resources efficiently. Rodney Zemmel, Global Leader McKinsey Digital, explains in the NZZ how the hype could develop in the coming years: https://lnkd.in/gGxUzJVc #McKinseyonAI #StateofAI #NeverJustTech

While 2023 was characterized by the discovery of hashtag#genAI, 2024 will be the year in which companies will actually want to implement this technology and derive business benefits from it. There is huge potential behind the hashtag#AI hype. "Firstly, because of the immense computing power now available, which is greatly accelerating the development of AI applications. Secondly, because of the broad applicability of generative tools making them a sort of AI Swiss army knife." 💡 What characterizes companies that are already successfully integrating AI into their strategy? They focus their AI efforts on specific areas, such as optimizing customer service or the supply chain. Companies that experiment in too many areas, on the other hand, are not utilizing their resources efficiently. Rodney Zemmel, Global Leader McKinsey Digital, explains in the NZZ how the hype could develop in the coming years: https://lnkd.in/ejR586Bt #McKinseyonAI #StateofAI #NeverJustTech