Chicago, May 19, 2023 /PRNewswire/ — MarketsandMarkets’ new research on artificial intelligence (AI) reveals the rapid growth and evolution of AI and its impact on business models.According to their projections, approximately $87 billion Considerable opportunities are expected to open up for B2B companies in the AI industry this year, with a value of $407 billion By the end of 2027.
A white paper titled “”The Emergence of AI-Based Business Models – Coordinating the Next Big Shift in Enterprise AI Adoption, reveals key insights into how AI is redefining the landscape of B2B business models across industries, from healthcare to finance to retail. We further explore case studies of companies that have successfully implemented AI into their business strategy and the impact of AI on their operations, customer engagement, and revenue.
MarketsandMarkets™ brought together prominent players and industry leaders from the AI ecosystem to cover the market landscape for AI-based business models and various disruptions in the space. Discussions took place in a traditional roundtable format. houston, bostonand London.
“AI-based business models will thrive in use cases that improve the human experience through multiple levers, creating high-growth revenue streams. (e.g., healthcare delivery), improve service delivery costs, offer entirely new capabilities (soft sensors in the chemical industry), reduce error rates, and deliver a personalized customer experience. increase.” Krishnan ChatterjeeMarketsandMarkets™ Chief Operating Officer.
A quick overview of the whitepaper
As technology continues to advance rapidly, companies are looking for innovative solutions to optimize processes and stay ahead of the competition. One of the most promising areas for companies to consider is the use of AI and its potential to transform traditional business models.
One of the key themes explored in this whitepaper is the potential for AI to drive significant cost savings for businesses. AI automates routine tasks, freeing up employees to focus on more strategic and creative work. In addition, AI can analyze vast amounts of data and identify patterns and insights that humans cannot discover. Another important theme to be discussed is the potential of AI to improve customer engagement. For example, AI-powered chatbots can provide personalized support to customers 24/7, improving customer satisfaction and loyalty. AI can also be used to analyze customer data, providing businesses with insights into customer preferences and behaviors that can aid in product development and marketing strategies.
Additionally, this white paper includes:
- Country-by-country outlook for current and future AI adoption
- Best Practices for Building Enterprise Maturity That Can Squeeze Every Last Drop of Profitability from AI Business Models
- Adopting AI Business Models Increases Revenues for Global Organizations, Extensive Data on Increased ROI After AI Adoption
- Top Industries by Growth Rate of AI Adoption
- Top use cases for B2B AI-based business models, covering emerging areas such as IT process automation, sensor data analytics, and conversational AI
- Excerpts from discussions with key thought leaders in the AI industry, including Fortune 500 companies
Download the white paper. https://www.marketsandmarkets.com/mega_trends/artificial_intelligence
About MarketsandMarkets™
Founded in 2010, MarketsandMarkets™ is the blue ocean alternative in growth consulting and program management, leveraging man-machine services to drive the growth of progressive organizations in the B2B space. In the B2B economy, $25 trillion In the last decade alone, new revenue streams have proliferated to replace existing revenue streams. We work with our clients on their growth programs to help them monetize. $25 trillion We deliver opportunities through our service lines, including TAM expansion, Go-to-Market (GTM) strategy to execution, market share acquisition, account activation, and thought leadership marketing.
of March 2023Forbes recognized MarketsandMarkets as one of America’s top management consulting firms.
For more information, please visit http://www.marketsandmarkets.com/.
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