Who doesn’t want instant results when it comes to business outcomes? Read on to know more about how you can achieve this practically and effectively.
You can’t deny that we live in an age of instant gratification. We like everything to be super-fast, from ecommerce deliveries to online video streaming. We like fast results in whatever we do. Waiting is tedious. Not surprisingly, the same is true for companies embarking on AI projects. In fact, in their case, slow results often also mean much more money spent!
It goes without saying that not all AI projects can provide the instant gratification a company might crave. However, there are many use-cases which do lend themselves to a very fast turn-around. These are usually the perfect projects to conduct initial pilots as a company starts its AI adoption journey.
Short turn-around projects let you dip your toes into the AI pool without going so deep that you are left gasping for air. Or results!
But there’s a catch. A project can be delivered rapidly only if you have the right expertise. This is where UNCOMPLICATE.AI comes in. We can help you accelerate your AI projects at a very significant pace.
We’ve identified tens of bite-sized, tightly scoped use-cases that can give you exactly what you are looking for – quick deployment, fast results, instant business benefits.
To whet your curiosity further, here is a starter list of 3 use-cases where you can seek immediate value from AI and data analytics:
1. Procurement Cost Savings
After doing hundreds of projects across industries, our team has discovered that almost all companies have rate dispersion. This means that they inevitably pay different prices for buying the same product – across geographies, departments, buyers, suppliers. This is primarily due to a lack of holistic data visibility and inability to accurately process data coming from different data sources.
The good news – our data analytics driven approach can pick up on these differences and available cost savings in a jiffy. All you need to do then is figure out how you will use all the money you can now save!
2. Cost Leakage due to Policy Non-compliance
Companies spend a lot of time making policies that would ensure they are conducting their business in the most efficient manner. But when it comes to monitoring actual policy compliance – nearly all companies fail miserably!
Let us take a very simple example of employee travel policies. Companies define things like what classes of travel are permissible, how early should travel be booked, which are the preferred travel partners that the company has negotiated discounted rates with etc. However, computing the additional cost burden from people not complying with these is not an easy task as data for this would be scattered everywhere – travel partner contracts, policy documents, employee reimbursement claims, credit card receipts, invoices and travel portals.
We can help you set up an AI solution for policy compliance. And once you have it, you can literally catch these leakages in no time at all.
3. Early Identification of Customer Attrition
Are you losing customers and don’t know what to do? A data-driven approach can rapidly identify profiles of the customers you are losing so you can tailor strategies towards this group in terms of offers, promotions or better customer service.
Instead of being reactive after a customer leaves, we can help you understand the behavioral patterns to identify at-risk customers, so suitable action can be taken well in time to retain this cluster of customers.
Our endeavor at UNCOMPLICATE.AI is to simplify and ease the journey of companies wishing to employ data analytics and artificial intelligence for improving business outcomes such as profit maximization, cost reduction, customer acquisition etc. We have proven ability to deliver results in the first month of implementation itself. So you can now have instant and measurable benefit to build upon.
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