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Six Ways AI Is Changing the Way We Do Business in 2023 (and Beyond)
Artificial intelligence often captures news headlines and our attention for its flashy, wow-factor applications. But it’s not all self-driving cars and burger-flipping robots (seriously)—companies today can tap into machine learning technology to elevate the way they do business. “When people think of AI, they think about complicated computer systems running in the background, but the…
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The Financial Impact of AI: A Trend You Cannot Afford to Ignore
In 2012, Amazon purchased Kiva Systems, a robotics company that manufactured automated guided vehicles that could be used to pick products from the warehouse and pack them for shipping. The “click to ship” cycle time fell from 60-plus minutes to 15, decreasing operating costs by 20 percent, increasing inventory capacity by 50 percent, and prompting…
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