How to leverage enterprise AI facing a recession
Gregory Herbert, SVP EMEA at Dataiku, shares how companies can get more out of their tech platforms in the face of economic volatility.
Investment in Technology During Economic Downturn
Given the economic stress many organizations are facing, there is a tendency to slow down investments in technology. Companies are looking to cut costs, and if they do not see quantifiable value from AI, it may lead to reduced investment. However, deprioritizing AI could be a short-sighted move, as leveraging AI projects can enhance efficiency and lead to significant cost savings.
Risks of Budget Cuts on Technology Initiatives
While budget cuts may seem necessary for immediate survival, they can undermine the long-term value and scalability of technology initiatives. Reducing investment in technology could hinder the ability to optimize costs and increase efficiency, which are crucial for navigating economic challenges. It's important to approach budget cuts carefully to avoid damaging future growth.
Maximizing Enterprise Technology Value
To get the most out of enterprise technology during economic uncertainty, companies should consider applying AI in creative ways. This includes streamlining data processing, enhancing operational efficiency, and utilizing analytics for better decision-making. By focusing on areas that may not be fully optimized, organizations can unlock potential and drive cost reductions while improving overall performance.
How to leverage enterprise AI facing a recession
published by Horizon Systems
We focus on technologies that support the alignment of company direction and the operations of IT. We offer, implement, and help maintain solutions to make technology serve the business needs of corporations large and small. Our starting point is to understand the line of business the solution is to serve, then how to blend it into successful IT operations.
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