Artificial intelligence is emerging as a game-changer in the business world, with impacts across all sectors. AI allows business to process massive amounts of data instantaneously, and to scale solutions at almost zero marginal cost, forcing companies to adapt and reimagine their business and operations.
The Rise of AI-Powered Companies examines some of the most successful examples of companies using artificial intelligence to their advantage. From AI-enabled countries across the globe that stayed resilient and strong in the face of COVID-19, to Business-to-Consumer businesses that transformed their product development processes thanks to unprecedented amounts of consumer data, increasing their revenues manifold along the way.
The book then delves into the critical enablers to becoming AI-powered and the critical steps to activate and integrate them within business organizations. Starting with data strategy, it examines new forms of data sharing and how companies should think about governance and privacy risks. It then focuses on human-AI collaboration and its role in building a stronger team culture. Finally, Responsible AI is discussed as well as the impact of AI-powered businesses on society at large.
AI-powered companies will become the norm in the years to come. By unpacking and showcasing the major steps of a successful AI transformation, this book will help guide organizations in making the critical leap to become AI-powered--essential to survive and remain competitive in the near future.
Author(s): François Candelon, Martin Reeves
Series: Inspiring the Next Game
Publisher: De Gruyter
Year: 2022
Language: English
Pages: 132
City: Berlin
Acknowledgments
About the BCG Henderson Institute
Contents
Introduction
Part I: The AI-Powered Company
Chapter 1 The Rise of the AI-Powered Company in the Post-Crisis World
Chapter 2 How AI-Powered Companies Dodged the Worst Damage from COVID
Chapter 3 China’s Response to COVID-19 Showed the World How to Make the Most of AI
Chapter 4 At These Companies, AI Is Already Driving Revenue Growth
Chapter 5 The New Consumer Conversation in an Era of Uncertainty
Chapter 6 Getting the Balance Right: Three Keys to Perfecting the Human-AI Combination for Your Business
Part II: The Path to Becoming AI-Powered
Section A: Data Strategy
Chapter 7 Data Alchemy Can Give Decision Making the Golden Touch
Chapter 8 How Far Can Your Data Go?
Chapter 9 Simple Governance for Data Ecosystems
Chapter 10 What B2B Can Learn from B2C About Data Privacy and Sharing
Section B: Human-AI Collaboration
Chapter 11 Are You Making the Most of Your Relationship with Al?
Chapter 12 AI Won’t Break Your Company’s Culture – And It Might Even Boost Morale
Chapter 13 AI Could Make Your Company More Productive – But Not If It Makes Your People Less Happy
Section C: Responsible AI and the Social License to Operate
Chapter 14 AI-at-Scale Hinges on Gaining a “Social License”
Chapter 15 With AI, Business Leaders Must Prioritize Safety Over Speed
Chapter 16 This Is Why We Need to Talk About Responsible Al
Chapter 17 Six Steps to Bridge the Responsible AI Gap
List of Figures
Index
