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The Transformative Power of AI in Business

Tom Spencer

AI-powered recommendation systems are another way businesses are leveraging AI-based technology to enhance the customer experience. These systems can suggest relevant products that customers are likely to enjoy. Supply chain management is another area where AI is revolutionizing operations.

Data 147
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Sustainable Aviation: Emerging Trends and Opportunities

Tom Spencer

These include offsetting greenhouse gas production by purchasing carbon credits, investing in more efficient gas turbine engines, using sustainable aviation fuel, and manufacturing with novel materials and 3D printing methods. The funds from these credits go towards financing various sustainability projects. Accion Systems.

Trends 88
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COVID-19: Local vs. Global Optimization

CaseInterview.com

If the VP of sales maximizes sales without considering what the finance team needs for profitability, collections, or cash management, overall company performance suffers. With each actor doing what’s best for their area, the overall system outcome is suboptimal. As I speak, the hospital systems in New York are being overwhelmed.

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PARADE Method

CaseInterview.com

I realized our systems did not have the capacity to serve our high-profile clients, which included the eCommerce divisions of over a dozen Fortune 500 retailers. By 8am the next morning, the system had a 100% increase in capacity. * Our systems had no downtime during the industry's first big eChristmas season.

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How Companies Are Already Using AI

Harvard Business

For example, our survey, which asked managers of 13 functions, from sales and marketing to procurement and finance, to indicate whether their departments were using AI in 63 core areas, found AI was used most frequently in detecting and fending off computer security intrusions in the IT department. Related Video.

Company 45
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There Are Two Types of Performance — but Most Organizations Only Focus on One

Harvard Business

A great salesperson will operate much more efficiently with a defined process for reaching out to prospects. Three finance professors once asked more than 400 executives what they would do if their quarterly earnings targets were at risk. Related Video. Every high performer needs both. This is also true of executives.

Metrics 46
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The Risks and Benefits of Using AI to Detect Crime

Harvard Business

For instance, banks have been using transaction monitoring systems for decades based on pre-defined binary rules that require the output to be manually checked. The success rate is generally low: On average, only 2% of the transactions flagged by the systems ultimately reflect a true crime or malicious intent.

Banking 28