Future of Artificial Intelligence #AI2021 is a Webinar in affiliation with Professional Delegates and Key-Decision makers to present Revolutionary Keynotes, Case Studies & highly interactive Panel Discussions. A congregation of Experts from a broad range of industries from the Leading Tech-Savvy Companies, Innovative Start-Ups, and Academia around the world coming together to discuss the Best Practices in Cross-Industry Digital Trends with AI.
Traditional businesses are leaping to new growth opportunities presented by new business models to meet the hyper-demanding consumers which in retrospect empowers to accelerate the rise of the Digital Economy. To achieve this Enterprise Digital Leaders must adopt a radical outlook in addition to investing in the latest digital technologies and lookout for cross-industry best practices in building platform-based, ecosystem business models as well as facilitating game-changing transformation to businesses.
Retailers are caught in the growing digital technological age where today 76 percent of customers expect companies to understand their needs and expectations, and adapt to provide a personalized experience. It is estimated by 2022, retailers will spend $7.3 billion on AI to optimize at scale. "AI-based engines can facilitate scaled, differentiated, and personalized experiences to customers, by connecting dots across customers and products and services," says Nitin Verma, VP Digital at Staples.
Investments in AI deployment could be seen at a massive scale in tech giants such as Google, and other companies whereas AI adoption outside of the Tech Sector is still at an experimental stage. A review by McKinsey showed that AI deployment in more than 160 use cases was only 12 percent. In the hindsight, Early AI Adopters stand to gain a competitive advantage over other non-AI Adopters, under which Telecom and Financial Services are seen to have the most aggressive AI investment intentions deploying AI at the core of their business.
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