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Being a Strategy Maker in the Digital Era
In the context of the broad digital transformation currently underway, CEOs must represent the engine of corporate change. In the role of the “strategy maker,” the CEO first of all has the role of defining how artificial intelligence can support strategic decisions at multiple levels, and secondly, to promote and guide the digital transformation. The CEO is also required to renew the strategies ...
What’s Behind Artificial Intelligence?
According to various estimates, during the course of the next 10 years, the impact of artificial intelligence (AI) on global GDP will reach 15.7 trillion dollars. Although many of these evaluations are symptomatic of a sector subject to fads, the importance of AI has led the United States, China, and the European Union to draw up internal plans for development in this field.#Companies interested in ...
Advanced Analytics for Managerial Decision
The data-driven economy has emerged in recent years. The digital revolution, the increase of connectivity, and the instant spread of information are revolutionizing the way we operate and work, at the individual, company, and institutional level. There is increasing recognition of the importance of data. The period of emergency we are living through is also pushing us to use quantitative information ...
Innovation and Algorithms, To Be Managed with Care
The adoption of innovative solutions based on artificial intelligence (AI) by now involves almost all primary and secondary activities of supply chains. These innovations have revolutionized production processes, generated gains in the productivity of logistics activities, transformed marketing and sales functions and the related services, and radically modified the support activities traditionally ...
The Reason of Optimism in Italy
To translate the potential advantage over foreign competitors into a reality, Italian businesses need to make an organizational change and strengthen their abilities in the sector of artificial intelligence; while important players for the economy such as institutions and business representatives must increase their efforts to provide all of the support necessary for the required technological upgrade. ...
How to Create Value with the Data Economy
The true advantage of big data does not lie so much in the quantity of data recorded by a software or application, but in its ability to provide extremely detailed information on an individual. This distinctive element is the basis of the data-driven economy in which we are immersed. Big data is the fuel of the economy and scientific development, which is why it is necessary to guarantee access to ...
2021: An Artificial Intelligence Odyssey
Sensors, algorithms, and the capacity to store and analyze data: these are the three characteristics of the reality in which we are immersed. In this context, dominated by AI, businesses and organizations – in a broad sense – are exploring and using the many advantages and benefits that these tools offer: from the more accurate estimation of the demand for some goods or services (from transport ...
The Benefits of Algorithms in Business Organization
Organizations must increasingly invest in tools and projects that allow for constructing algorithms necessary for the effective management of HR processes. Data is available through a great variety of sources: if combined and analyzed, it can create a rich and more detailed understanding of what employees want and how they can act to improve their performance. The human resources department is an ...
Data Scientists: Who They Are, What They Do, and How They Do It
An analysis of the data collected by the Kaggle platform for data science has shown that the figure of the data scientist is present uniformly in India, the rest of Asia, Europe, and North America, principally in the 25 to 34 age bracket; Python is the language largely preferred by data scientists; and the introduction into companies of models based on machine learning techniques is still very limited, ...
Challenges and Solutions for the Banking Sector
The application of artificial intelligence solutions in the banking sector will have various consequences in terms of: creation of new economies and professions; increase of worker productivity; creation of new modes of working; and requalification of old abilities and skills of employees. The public and private stakeholders in the banking sector (including the European Commission) increasingly express ...