The Podcast provides an insightful discussion between Kanika Goswami, Managing Editor at OnDot Media, and Maxime Vermeir, Senior Director of AI Strategy at ABBYY, on the growth of Artificial Intelligence in 2024 and beyond.
During the interaction, Maxime provides an overview of ABBYY’s focus on purpose-built AI, specifically in intelligent document processing (IDP) and process intelligence. ABBYY aims to make unstructured information actionable and help organizations optimize their processes using AI.
Maxime emphasized that few automation projects fail to deliver the expected results if they are not implemented efficiently. He also highlights the importance of choosing capabilities from trusted vendors and avoiding hype around AI features to ensure success.
Maxime discusses the evolving perception of AI in the market, moving beyond inflated expectations to a more realistic understanding of its capabilities.
He suggests the following factors to ensure Intelligent Automation Success:
- Look for capabilities built with a purpose by trusted vendors.
- Focus on solutions that address real-world problems and avoid getting lost in AI technology hype.
The podcast also has some use cases of ABBYY’s AI deployments:
The use cases demonstrate how AI-powered intelligent document processing can have a significant impact on internal processes, leading to operational efficiency and real-life customer benefits.
- Use case from JLL: Optimizing invoicing and payment processes using AI.
- Use case from Carlsberg: Automating the ordering process for increased efficiency and accuracy in logistics.
Here is some advice from Maxime for AI adoption in enterprises:
- Organizations should look for value and outcomes when considering AI technology.
- He advises companies to cut through the noise and focus on solutions that address real-world problems. Trusted advisors are crucial to turning technology and research into solutions that solve specific business cases.
Overall, the discussion provides valuable insights into the current state and future trends of AI, touching on technology, ethics, regulations, and the role of AI in different industries.
Artificial Intelligence has been the go-to technology for companies and enterprises in recent years.
The adoption of AI by enterprises all around the world has grown by 270% in the last four years as artificial intelligence can improve the business process and garner more ROIs.Greater ROIs is the main reason why more than 1/3rd of the companies worldwide are using Artificial Intelligence in a full-blown manner.
As it happens with every technology, the increase in usage of AI has led to several misconceptions about the technology.
There are beliefs that there are only a handful of skilled AI researchers and companies.
Therefore, your organization needs to employ only those to make the most of the technology.
Although, these statements aren't right as Artificial Intelligence is widely accepted and implemented by several experts around the world.Thus, to shred all your misbeliefs about AI technology, let us dug down deep and find out the top 7 myths about Artificial Intelligence.
Engineer AI is a information sharing platform.
Information based on Technology, Artificial Intelligence and many more.
Whichever sector or organization you work in, customer satisfaction is of paramount importance for your business to excel.
Thus, there are many chances of important details missing the human eye.
AI is empowering banks to completely redefine their work process and establish innovative products that have a positive impact on the customers.Artificial Intelligence also plays a vital role in eradicating the loss of clients, which the banks face due to the lack of face to face interaction.
Moreover, Machine Learning can be the driving force in tackling these critical situations in the bank’s middle office.Artificial Intelligence can scan the transactions and catch any suspicious patterns to save the bank account from any further damages.
In banks, it is necessary to have an individualized experience for the users as there is a lot of money involved.
AI helps the banks to know their customers in a better manner by having a copious amount of data.
Chief Wizard Sachin Dev Duggal Engineer.ai talk about future of AI.
How do you think Artificial Intelligence will affect you in the future?
Get such answers from Sachin Duggal.
