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Organisations across the board can thrive in the smart technology era, and lower the probability of being disrupted by competitors on multiple fronts.

Source: SA Migration, 11/05/2018

Organisations across the board can thrive in the smart technology
era, and lower the probability of being disrupted by competitors on
multiple fronts.
Register now to attend Meeting of Minds: ITWeb Artificial
Intelligence 2018 at The Forum, Bryanston on 1 and 2 August. Jacques
Ludik will join other industry leaders in discussing their experience
of the best practices for artificial intelligence, machine learning,
IOT and robotics.

Moreover, implementing end-to-end artificial intelligence (AI)
solutions can lead to myriad business benefits, including increased
productivity and revenue, lowered risk and costs, and enhanced
customer experience.
So says Jacques Ludik, president and founder of the Machine
Intelligence Institute of Africa, and CEO and founder of Cortex
Logic, who will present on `Solving strategic and operationally
relevant problems through operationalising AI, data science, IOT and
big data and analytics`, at Meeting of Minds: ITWeb Artificial
Intelligence 2018, to be held at The Forum in Bryanston, on 1 and 2
August.
`Properly implemented AI-based solutions address business value
drivers that lead to an optimised business, a satisfied, growing
customer base, productive employees and smart systems, which in turn
help accelerate decision-making, innovation, collaboration and
growth,` he adds.
In addition, smart technologies help businesses that are dissatisfied
with their speed or inability to unlock value from big data, IOT and
data science, allowing them to tap into state-of-the-art AI to solve
strategic and operationally relevant problems.
No roadmap
Speaking of where businesses are going wrong when it comes to
harnessing these technologies, Ludik says many businesses don`t have
a practical big data and analytics, IOT and AI roadmap, and they
don`t appear to measure return on smart technology solutions.
Businesses are typically not focused on implementing end-to-end smart
technology solutions, and have divisions that operate in silos,
meaning that all of the data available to the company isn`t being
harnessed, he says. `Also, many businesses don`t have a solid,
scalable data infrastructure and smart data layers.`
Another problem, he says, is that organisations typically struggle
when it comes to attracting top talent as well as cultivating the
best possible environment for that talent.
Too many organisations, he says, when implementing AI solutions, only
do so in a narrow way, such as only offline and not having automated
AI which is integrated into the business. `They are not focused on
end-to-end full-stack, integrated, scalable and secure solutions, and
are not using state-of-the-art AI.`
Also, they are not adaptable and agile, and don`t use all available
structured and unstructured data. They are not using an automated
champion-challenger approach, and are not collaborating with AI/smart
technology partners that can help them to accelerate the
operationalisation of smart technology solutions.
Better perspective
Delegates attending Ludik`s talk will discover how end-to-end AI
solutions can unlock value from all available structured and
unstructured data to increase operational efficiency, effectiveness
and revenue, and create strategic value via faster, better and more
proactive decisions, enhanced scalability, new business models and
revenue growth opportunities.
They will also learn how these solutions can enhance customer
experience via real-time, on demand, digital, personalised service
delivery, assistance and advice which is enabled via 360-degree
insights about the customer, and enable more targeted sales and
marketing.
Ludik will also discuss specific solutions and their applications,
including strategic business transformation, intelligent virtual
assistants, robo-advisors, process optimisation, predictive
maintenance, fraud detection, churn prediction, advanced risk
scoring, cyber security, medical risk prediction, precision medicine
and many more.
Finally, he will discuss working collaboratively with innovative AI
partners, and how that can help companies thrive in the smart
technology era and be agile, innovative and adapt quickly to remain
relevant given the swift pace of change, and disruption to business
and society.

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