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Munich, September 25, 2018 – The use of artificial intelligence is one of the most important drivers for keeping enterprises competitive and making them fit for the future. However, according to the study “Reshaping Business Models: Understanding the Benefits of AI”, which advisory firm goetzpartners is presenting today, many companies have given insufficient attention to the disruptive potential of artificial intelligence already emerging today. What is certain is that over the next five to ten years, AI technology will transform entire industries.
For their present analysis of the current and future significance of AI for enterprises, goetzpartners experts reviewed a range of studies on the subject matter and supplemented their insights with a survey of a number of experts. They focused on telecommunications enterprises and industrials, as around 80% of enterprises in these industries already have some experience with artificial intelligence and can expect AI-driven change to have a particularly significant impact.
The key findings of the study are as summarized:
What emerges clearly from the study is that the next wave of transformation in the telecommunications and industrial sectors will be driven by artificial intelligence. Whether the forthcoming changes will prove to be a benefit or a curse for enterprises in a few years depends largely on their current measures and preparations. The window of opportunity to make potential adaptations and the requisite decisions is still wide open. However, there are only two to three years to complete the AI experimenting and learning phase. During this time enterprises should make the necessary preparations and develop a strategic approach to AI.
Beyond high-quality analyses and expert assessments, the study provides a wealth of engaging and up-to-date information and statistics about artificial intelligence. The complete study “Reshaping Business Models: Understanding the Benefits of AI” is available for download here.
goetzpartners: Advisory for Strategy, M&A and Transformation
goetzpartners, founded in 1991, is an independent advisory firm for all key issues of entrepreneurial activity: strategy, M&A and transformation. As a trusted partner with a valuable track record and a far-reaching network, we are ideally positioned to help companies worldwide to navigate through their digital transformation challenges. With more than 350 professionals operating out of 14 offices in 11 countries, we advise decision-makers and top executives in all key industries. goetzpartners, headquartered in Germany, ranks among the 10 best-performing German advisory firms (Lünendonk®). Boasting a vast wealth of expertise in both cross-border mergers and acquisitions and management consulting, we are trusted by clients to provide excellent insights, transaction advisory services and value creation. For four years running, goetzpartners has received awards as part of the renowned “Best of Consulting” contest (“WirtschaftsWoche”). Press contact
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