There’s a silent revolution that is part of our daily life. A decade ago, we heard a lot about IOT - Internet of things - and now this is a reality. We’re connected, our belongings are also connected, but this is not the whole point. The most important fact is that our stuff has become intelligent. And this kind of intelligence is not like humans’ one; it’s a mix between long-term learning and quick reactions. 

Do you remember when TV was mentioned as the stupid box? Now a TV is a smart object. Everything has become smart thanks to algorithms. That’s the true and it’s quite simple. What remains behind algorithms is a lot of years of study conducted by several stem disciplines. And the best of it is that we can make use of this technology in our daily life. Bringing AI to our enterprises has never been so easy till now, because deploying algorithms is not about being big, it’s just about being smart. 

“Improve”, that’s the keyword! If you want to leverage the current status of your company, I recommend you trying AI. At Mind The Value we’re running different projects which involve the addition of algorithms to manufacturing, supply chain and service operations. Benefits of this kind of introduction can be exploited in all business areas, no matters the size of a company.   

By running an algorithm for at least a year and a half an organization can improve its performance by achieving up to 10% revenue increase and -at the same time- up to 20% cost decrease. Why? Because by storing a considerable quantity of data related to operations, customer interactions, monthly performance, etc. it’s easy to identify parameters and use them to build predictive patterns that help to conduct daily actions in a smarter way. 

Several studies show that R&D, operations and marketing are the areas more prone to AI adoption, nevertheless all business functions are taking advantage of its implementation. So, once that AI is deployed there are not blind spots. It helps quite a lot to make decisions by exploring the best-case scenario, preventing potential frauds and suggesting how to improve products and services.  

 If you want to know how Mind The Value can help your company becoming smarter, please contact us.