Trending in 2024: Dawn of Generative AI #GenerativeAI is rapidly integrating into everyday business and #procurement applications, bringing new capabilities to the table - from analysing data beyond numbers to predicting trends, writing RFPs, and even supporting negotiations with suppliers. This isn’t just about automation or speeding up tasks. It’s about enhancing efficiency and improving outcomes at an unprecedented pace. However, like any revolutionary tech, Gen AI comes with its own challenges. It’s changing the game, replacing traditional roles with automated systems but also bringing new capabilities and insights to procurement and supply chain. The strategic response… For procurement teams, the opportunity is now: Harness the power of Gen AI quickly with new business and procurement specific technologies and integrate this increased capability and capacity into workflows to increase value delivered. Team must take care to apply AI tools wisely and apply critical thinking to ensure that the technology serves as a tool for enhancement, rather than a replacement for human insight and experience.
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I am excited about the potential for AI to revolutionize businesses and make operations more efficient. By leveraging AI and automation, companies can streamline processes, save time, and improve overall productivity. Investing in AI technology is not just a trend, it's a smart business move that can drive growth and success in the long term. AI is not meant to replace humans, but to enhance their abilities and drive innovation. By embracing AI tools, businesses can focus on high-value tasks while repetitive, time-consuming tasks are handled efficiently. The key is to adopt AI in a strategic way that aligns with your business goals and objectives. This approach can lead to significant improvements in performance and competitiveness in the market.
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𝗔𝗻𝘆 𝘁𝗵𝗼𝘂𝗴𝗵𝘁𝘀 𝗼𝗻 𝗔𝗜 𝗶𝗻 𝗹𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗮𝗻𝗱 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻? Artificial Intelligence (AI) is revolutionizing the logistics and supply chain industry. With its capacity to generate adaptability and offer real-time insights, AI is enhancing efficiency and responsiveness like never before. Whether managing a global supply chain network or a small-scale operation, AI easily adapts to changing business demands, making it an invaluable asset. However, it's important to recognize that AI is only as good as the data it uses. While it excels at processing vast amounts of information quickly, it falls short in making complex decisions or interpreting nuanced contexts the way humans can. To truly harness the power of AI, it is crucial to keep a balance. Implementing AI can significantly streamline operations and provide unparalleled insights, but human oversight is essential to ensure nuanced decision-making and contextual understanding. For personalized inquiries to be accomplished by our human team contact : FH@11d19.com or visit 11d19.com #11d19 #logistics #supplychain #Innovation #Technology #FutureOfWork #HumanInTheLoop
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Commercial Advisor at BCOS | AI Applications Developer for Business | Industrial Automation Engineer
The AI technology that’s transforming industries—are you on board? Recent innovations in AI are enabling businesses to enhance their operational efficiency through predictive maintenance, reducing downtime and costs. This capability is revolutionizing how companies manage their assets and streamline their workflows in real-time. Are you keeping up with the latest AI trends that could give your business a competitive edge? AI isn’t just for tech companies—it’s accessible to businesses of all sizes, making these advancements attainable for everyone. Start small by integrating AI into inventory management and observe how it can optimize your supply chain. Did you know that approximately 70% of organizations are still uncertain about how to deploy AI effectively, despite its wide-ranging benefits? Don’t get left behind—start exploring AI today and keep your business ahead of the curve.
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CRO @NovelEnergy | Leading Revenue Growth in Solar Energy | Innovating with AI & Web3 | Operational and Budget Efficiency through Lean and Agile Practices
Is AI really the future of our work? 🧠 Artificial Intelligence has been touted as the future of everything from manufacturing to customer service, and the hype is real. One might wonder why all this fuss? Well here's why: 1️⃣Efficiency & Productivity: AI can analyze data sets far more quickly and accurately than humans, leading to increased efficiency and productivity in all sectors. 2️⃣Automation: With AI, mundane tasks can be automated, freeing up time for employees to focus on more strategic initiatives. 3️⃣Predictions: Machines can identify patterns and make predictions based on huge quantities of data, which can be valuable for everything from predictive maintenance to marketing strategies. However, it’s also important to remember that while AI offers incredible potential benefits, it’s not without its challenges. 🔹The responsibility lies with us as leaders of technology to ensure that as we increasingly incorporate AI into our operations, we do so responsibly and ethically. 🔹As we move forward into this new era, it’s crucial that we continue educating ourselves and our teams about the potential impacts - both positive and negative - of this powerful technology. AI isn’t just the future of work – it's already here. And guiding its evolution responsibly is one of our highest priorities.
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AI is more than just a buzzword—it's a catalyst for real, sustainable growth. But remember, growth doesn't just happen; it's engineered through strategic decisions and intentional actions. 🎯💡 🌐 Understand AI's Potential: We now understand what AI can do today and what it may achieve tomorrow. This knowledge is crucial as we carve paths towards innovation. 🔧 Strategic Implementation is Key: The success of AI doesn't just rely on the technology itself, but on how we integrate it into our businesses. Now is the time to craft a thoughtful AI strategy that aligns with your organizational goals. 📈 Purpose-Driven Growth: By making strategic AI integration a priority, you set the stage for AI to not just support but propel your business forward. Think of AI as a partner in your journey towards greater efficiency and innovation. Let's harness the power of AI intentionally, ensuring it serves as a bridge to not only meet but exceed our business aspirations. 🌉🚀 #AI #BusinessGrowth #StrategicIntegration #Innovation
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Helping Science, Digital & Business Teams Streamline Operations to Build Life-changing Health Products | Pharmaceutical | Biotech | Health & Wellness | Digital Technology
📈 Data is oil, and AI is the drill 🛢 AI has become a strategic partner in decision-making processes, offering a new level of intelligence that allows for more informed decision-making. The traditional approach to strategic management, characterized by human intuition and experience, is challenged by AI's ability to analyze vast amounts of data, identify trends, and make accurate predictions. AI is not just a tool for operational efficiency; it's a strategic asset that can provide a competitive edge. It allows biotech and consumer health product companies to make data-driven decisions, optimize processes, and innovate faster. By leveraging AI, businesses can anticipate market trends, understand customer behavior, and make strategic decisions with a higher degree of accuracy. For example, AI can predict how different compounds will behave, reducing the time and cost of bringing new products to the market. Additionally, AI has revolutionized personalized medicine by analyzing genetic data and predicting an individual's risk of developing a disease. This allows for early intervention and personalized treatment plans. However, it is important to note that leveraging AI requires a strategic approach. It requires a shift in mindset, investment in technology, and development of new skills. It's not about replacing human intelligence but augmenting it with machine intelligence. To make the most of AI, it is essential to integrate it into strategic planning, ensuring that it aligns with business objectives, and fostering a culture that embraces AI. Those who embrace this technology, and strategically integrate it into their operations, will be the ones who thrive. "It is paradoxical, yet true, to say, that the more we know, the more ignorant we become in the absolute sense, for it is only through enlightenment that we become conscious of our limitations. Precisely one of the most gratifying results of intellectual evolution is the continuous opening up of new and greater prospects." ~ Nikola Tesla Carpe diem! #aiandbusiness #operationaltechnology #strategicmanagement
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SERIAL INNOVATOR 5 Products on the Global Market . As a proven creative I’m hyper-focused and deep diving into AI, creating industry-advancing solutions and brands that solve complex challenges.
The Perils of Ignoring AI: Why Staying Current is Crucial for Business Success The Risk of Obsolescence In a rapidly evolving business landscape, companies that keep their heads in the sand regarding AI are risking obsolescence. Failing to embrace AI technology can lead to several significant disadvantages. Loss of Competitiveness Businesses that leverage AI can automate routine tasks, gain deeper insights from data, and enhance decision-making processes. Without AI, companies may struggle to keep up with more agile, tech-savvy competitors. Failing Customer Expectations Today's consumers demand personalised experiences and swift, efficient service—both of which AI can provide. Companies that neglect AI may find themselves unable to meet these expectations, leading to a loss of customer loyalty and market share. Operational Inefficiencies AI can optimise supply chains, streamline operations, and reduce costs. Without it, companies may find their margins shrinking and their operations lagging behind industry standards. Missing Out on Innovation AI is a powerful tool for driving creativity and developing new products and services. Companies that ignore AI may find themselves outpaced by those that use it to fuel continuous innovation. The Clear Message Embrace AI or risk being left behind. The future belongs to those who are willing to adapt and evolve with the times. #AI #BusinessStrategy #Innovation #DigitalTransformation #FutureOfWork
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𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐀𝐈 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐟𝐢𝐱𝐢𝐧𝐠 𝐜𝐨𝐫𝐞 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐢𝐬𝐬𝐮𝐞𝐬 𝐜𝐚𝐧 𝐥𝐞𝐚𝐝 𝐭𝐨 𝐦𝐨𝐫𝐞 𝐩𝐫𝐨𝐛𝐥𝐞𝐦𝐬. To get the best results from AI, address these operational issues first: 1️⃣ Inefficient Processes: Make sure your workflows are smooth and effective. AI won’t fix slow or outdated processes. 2️⃣ Data Management: Ensure your data is accurate and well-organized. Poor data can lead to unreliable AI results. 3️⃣ Bottlenecks: Identify and solve any slow points in your operations. AI tools can’t work effectively if there are obstacles in your process. 4️⃣ Integration Issues: Make sure AI tools can work well with your existing systems. Integration problems can disrupt your workflow. 5️⃣ Change Resistance: Prepare your team for new tools and processes. Resistance can make AI adoption harder. 6️⃣ Skill Gaps: Ensure your team has the skills to use AI tools effectively. Without the right skills, AI won’t be as helpful. By addressing these issues, you’ll be ready for AI and can make the most of its benefits. At Accelaret, we help businesses set up their operations so AI can truly drive growth and improvement. 💼🔧 Want to see how AI can transform your business? Reach out to Accelaret to learn more. #AI #BusinessImprovement #Growth #TechTransformation #optimization
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Ai Is Not The Bane of Human Productivity 👨💻 Amplifies Human Creativity 💥 : AI takes care of data analysis, pattern recognition, and routine tasks, enabling humans to focus on creative aspects of work. For example, in design and content creation, AI offers innovative ideas and frameworks that human creativity can refine, resulting in more original and groundbreaking outcomes. Boosts Efficiency and Precision 🕹 🕒 : AI automates time-consuming, repetitive tasks, allowing humans to concentrate on higher-level thinking. This partnership leads to faster, more accurate results in areas like marketing, healthcare, and finance, where AI manages data, while humans innovate and strategize with deeper insights. Unlocks New Frontiers of Innovation 🔐 🔑 🗝 : AI’s ability to process massive datasets and predict outcomes accelerates problem-solving and discovery across industries. From scientific breakthroughs to business strategies, AI generates insights that allow human experts to craft innovative, tailored solutions, transforming possibilities into real-world achievements.
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Looking for a way to enhance your business or improve your daily life? It may be time to consider incorporating artificial intelligence into your strategies and processes. AI technology is capable of handling complex tasks and collecting vast amounts of data at a rapid pace. Across various industries, AI-powered tools and algorithms are transforming operations, delivering better products or services, and revealing new insights and opportunities. As we move towards a more data-driven world, now is the time to stay ahead of the competition by leveraging the power of AI technology to enhance growth, manage resources, and enable innovation.
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Infosys Portland Director Vernon Kringas is our digital expert and brings a human centered design perspective to technology solutions for organisations across the globe.