The Rise of AI-Powered Companies

The book "The Rise of AI-Powered Companies" explores how artificial intelligence is transforming the business world, enabling companies to process massive amounts of data, scale solutions at almost zero marginal cost, and adapt and reimagine their operations. It provides examples of successful companies using AI, such as AI-enabled countries that remained resilient during COVID-19 and Business-to-Consumer businesses that transformed their product development processes with consumer data. It also discusses the critical enablers and steps to activate and integrate AI within business organizations, including data strategy, human-AI collaboration, responsible AI, and the impact on society.

Format: Paperback / softback
Length: 124 pages
Publication date: 20 September 2022
Publisher: De Gruyter

Artificial intelligence (AI) is revolutionizing the business landscape, exerting profound impacts across various sectors. By enabling businesses to efficiently process vast amounts of data in real-time, AI enables cost-effective scaling of solutions, necessitating companies to adapt and reimagine their operations. This transformative force has given rise to a new breed of AI-powered companies, exemplified by those that have weathered the challenges of COVID-19 while leveraging AI to optimize their operations and drive growth.

The Rise of AI-Powered Companies delves into the success stories of companies that have harnessed the power of artificial intelligence. It showcases how AI-enabled countries have remained resilient during the pandemic, while Business-to-Consumer (B2C) businesses have transformed their product development processes through the analysis of vast consumer data, resulting in significant revenue increases. The book further explores the critical enablers and steps necessary for businesses to become AI-powered, emphasizing the importance of data strategy, governance, privacy risks, human-AI collaboration, and Responsible AI.

As AI continues to advance, AI-powered companies are poised to become the norm in the years to come. This book serves as a valuable guide for organizations seeking to embark on their AI transformation journey. By outlining the major steps involved in a successful AI transformation, it empowers organizations to seize the opportunities presented by AI and remain competitive in the rapidly evolving business landscape.

Weight: 208g
Dimension: 230 x 155 (mm)
ISBN-13: 9783110775099