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Learning from the AI pioneers

AI is exciting and promising for companies. But where and how do you start? That's exactly the problem many companies face, as a Bearingpoint survey revealed.
E-3 Magazine
June 12, 2020
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This text has been automatically translated from German to English.

In the survey for the Digitalization Engine 2020, 68 percent of company representatives whose companies do not yet have any AI initiatives in place confirm that they do not know how to approach AI. If this problem paralyzes you and leaves you inactive, you are missing the boat and a great opportunity for your company.

Companies that already have AI initiatives are leading the way. They approach the topic of AI with the help of external consultants (42%), gather information at trade fairs (25%) and enter into partnerships (24%). Start-ups are also in demand as partners for collaborations or exchanges (20 percent). However, AI is not a theoretical phenomenon.

For example, 21% of respondents are showing drive and experimenting with AI in their own "special projects" or innovation labs. The AI pioneers also have a head start when it comes to data requirements in companies.

While the dependence of successful AI on the availability, quality and traceability of data is recognized by the average respondent (62%), companies with AI consider this to be much more fundamental (99%). Without data, AI is simply not possible.

Despite the immense importance of data, availability (43%), quality (39%) and analysis skills (37%) are generally still underdeveloped. In many companies, this is preventing the successful launch of AI projects.

Companies without AI initiatives have a lot of catching up to do here. Comprehensive data management concepts are also gaining in importance as a result, but are not yet fully developed.

Around one in five use a holistic data management concept (23%). 16% of respondents state that they are not prepared to systematically collect or analyze data for legal reasons such as the GDPR.

Companies that already have AI initiatives are leading the way. They are tackling the topic of AI with the help of external consultants, gathering information at trade fairs and entering into partnerships. Start-ups are also in demand as partners for collaboration and exchange. The AI pioneers have a head start when it comes to the prerequisites for data in companies. AI is simply not possible without data. Source: BearingPoint

Good news for the so-called latecomers: it's not too late to get to grips with the topic of AI. These companies should start by identifying suitable internal and external multipliers and discussing use cases and pilot projects. It is important not to be discouraged in the initial phase by the lack of processes and responsibilities for the use of data. It is also important for companies attempting their first AI projects to avoid making a specific mistake - failing because their expectations are too high. It is important to define realistic expectations for AI initiatives. Source: BearingPoint
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Work on SAP Basis is crucial for successful S/4 conversion. This gives the so-called Competence Center strategic importance among SAP's existing customers. Regardless of the operating model of an S/4 Hana, topics such as automation, monitoring, security, application lifecycle management, and data management are the basis for the operative S/4 operation. For the second time already, E3 Magazine is hosting a summit in Salzburg for the SAP community to get comprehensive information on all aspects of S/4 Hana groundwork. With an exhibition, expert presentations, and plenty to talk about, we again expect numerous existing customers, partners, and experts in Salzburg. E3 Magazine invites you to Salzburg for learning and exchange of ideas on June 5 and 6, 2024.

Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Tickets

Early Bird Ticket - Available until 29.03.2024
EUR 440 excl. VAT
Regular ticket
EUR 590 excl. VAT

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Venue

Event Room, Hotel Hilton Heidelberg,
Kurfürstenanlage 1,
69115 Heidelberg

Event date

28 and 29 February 2024

Tickets

Regular ticket
EUR 590 excl. VAT
The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.