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	Comments on: Why it’s time to RAIN on AI	</title>
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	<description>iStart technology in business leading the way to smarter technology investment - A/NZ ERP, CRM, BI, HR, eCommerce software research, trends and buyer&#039;s guides.</description>
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				By: Anthony Blackham				</title>
				<link>https://istart.co.nz/nz-news-items/why-its-time-to-rain-on-ai/#comment-217856</link>
		<dc:creator><![CDATA[Anthony Blackham]]></dc:creator>
		<pubDate>Sat, 02 Sep 2023 02:48:42 +0000</pubDate>
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					<description><![CDATA[The real value of AI to business lies internally. Most business are shockingly unproductive despite spending big dollars on consultant &#039;transformations&#039;, 75% of which McKinsey says &#039;fail&#039;.

By how much could the average business increase their productivity / profitability? Having witnessed a 10-fold increase in productivity in one business, I&#039;d say the potential to make an impression is huge... but if &#039;big 4&#039; consultants can&#039;t make it happen, how do we do it?

AI provides the answer - provided it knows what is happening within a business (i.e. gets the appropriate data) AND it has a model of the business around which provides the context around the data. The potential is huge. AI can identify all the places where activity is redundant and can be sped up, plus it can identify the exceptions that causes delays and errors.  

AI, based on a model of how a business works, and supported by live data from their IT systems, can literally tell you how to optimize the business. 

10-fold would be great, but even doubling productivity would completely transform the NZ economy, grow the revenue pie ...and take the political discussion away from taxcuts and cost cuts, which do little since they at best balance themselves out.]]></description>
		<content:encoded><![CDATA[<p>The real value of AI to business lies internally. Most business are shockingly unproductive despite spending big dollars on consultant &#8216;transformations&#8217;, 75% of which McKinsey says &#8216;fail&#8217;.</p>
<p>By how much could the average business increase their productivity / profitability? Having witnessed a 10-fold increase in productivity in one business, I&#8217;d say the potential to make an impression is huge&#8230; but if &#8216;big 4&#8217; consultants can&#8217;t make it happen, how do we do it?</p>
<p>AI provides the answer &#8211; provided it knows what is happening within a business (i.e. gets the appropriate data) AND it has a model of the business around which provides the context around the data. The potential is huge. AI can identify all the places where activity is redundant and can be sped up, plus it can identify the exceptions that causes delays and errors.  </p>
<p>AI, based on a model of how a business works, and supported by live data from their IT systems, can literally tell you how to optimize the business. </p>
<p>10-fold would be great, but even doubling productivity would completely transform the NZ economy, grow the revenue pie &#8230;and take the political discussion away from taxcuts and cost cuts, which do little since they at best balance themselves out.</p>
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