Moataz Farrag’s Post

AI has taken the world by storm in the last year. Despite business’s uncertainties around Artificial Intelligence, AI is no longer optional but a strategic necessity for staying competitive in the distribution industry. AI has the potential to enhance customer service, optimize inventory management, and streamline operations. How does AI help your business grow? ✔️Valuation and Market Position: Companies that adopt AI are likely to see improved valuations due to enhanced operational efficiencies and service capabilities. CEOs need to communicate the strategic importance of AI to their boards and investors, emphasizing how AI can provide a competitive edge and drive growth. ✔️ Focused Investments: Invest in AI initiatives that can deliver quick wins and demonstrate ROI. Start with projects that can be scaled, such as AI-driven customer service improvements or inventory optimization. For help with incorporating AI into your strategic planning, DM me. #AI #StrategicImperative #BusinessInnovation

AI is changing the game in 2024. According to McKinsey, over 40% of companies are boosting their AI investments this year. The reason? The efficiencies are undeniable, and the data is clear: AI is worth the investment to stay competitive. Check out more below and let’s discuss how AI can transform your business. #warondocuments

🏭 AI is Transforming UK Manufacturing 🤖 Three-quarters of manufacturers plan to increase AI investment, driving efficiency, productivity, and sustainability. But SMEs face challenges like skills gaps and limited resources... Collaboration is key to unlocking AI's full potential. What’s your take? 🤔 ➡️Read the Full Article: https://lnkd.in/ebEWmwTa #AI #Manufacturing #Innovation #Recruitment

AI is key to achieving Sustainability Transformation, but should employees be worried about this technology? We posed this question to more than 800 executives worldwide and found that 70% believe people and AI will complement and become partners in enhancing each other's capabilities. Additionally, 66% claim that AI deployment will increase human productivity, enabling organizations to deliver greater performance while retaining their employees. This is just one of the insights from our 2024 SX Survey. Learn more in the report: https://okt.to/HcI6AR #SustainabilityTransformation #SX #Sustainability #AI

AI increases revenue by more than 5%: Not using it yet? Companies that have adopted artificial intelligence are seeing revenue increases of more than 5%, particularly in critical areas such as sales and supply chain management. This technology not only improves efficiency, but is key to staying competitive and taking advantage of strategic opportunities. If your company is not yet implementing AI, it could be losing ground to competitors who are already realizing these benefits. McKinsey & Company: https://n9.cl/zccfb

Is AI worth it? 🤔 According to the World Economic Forum, AI can handle 34% of business tasks, with affordable implementation options readily available. Yet, many businesses are still hesitant. According to Statista, companies adopting AI have seen a revenue increase of 6% to 10% and saving $25,000 to $70,000 on average. Despite this, a study conducted by Gartner demonstrated that only 15% of strategic activities are automated, while the potential stands at 50%. 📈 Those not leveraging AI may spend resources on tasks ripe for automation, putting them at a disadvantage with competitors. The question isn't whether AI is worth it, but how to integrate it efficiently and affordably into your strategy. 💡 Share the infographic below with someone that is still skeptical about AI integration!

As AI continues to shape the future, it is imperative for technology leaders to be informed and best position their organizations to leverage #AI effectively and responsibly. Find out why CIOs are optimistic about AI integration:  https://pwc.to/40pxIEV #EmTech #PwC

As AI continues to shape the future, it is imperative for technology leaders to be informed and best position their organizations to leverage #AI effectively and responsibly. Find out why CIOs are optimistic about AI integration:  https://pwc.to/40pxIEV #EmTech #PwC

#AI in R&D holds a lot of transformational opportunities for #products, #processes, and #people within the organization. Still, 84% of companies do not have a defined #AIStrategy. Why? Mainly, a lack of understanding, fear of the unknown, and a lack of expertise and resources prevent them from embarking on an AI transformation. ➡ One thing is clear, however: Emerging use cases are promising in terms of boosting #productivity and creating more innovative products. Generative design, patent screening, and change-impact management could reduce product development time by more than 60% in the next couple of years. 💡 To reap these benefits, organizations require profound strategies — and we know how to implement them. Find more insights about AI's role in R&D: https://lnkd.in/ethd32XE