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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

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13 July 2024

Cloud computing (Glossary)

Artificial intelligence Automation Big data and smart data Digital transformation Artificial intelligence glossary

Cloud computing is a fundamental term in the areas of digital transformation, big data, smart data and artificial intelligence.

With cloud computing, IT resources such as servers, storage space or programs are no longer operated on your own computer or in your company's own data centre. Instead, these services are used via the Internet by specialised providers, known as cloud providers. This means that you have flexible access to computing power, storage or software via an online connection without having to worry about maintenance, updates or security yourself.

A simple example: in the past, companies had to install expensive software on every computer for every employee. With cloud computing, one login is enough for everyone and the software runs in the cloud with the provider. This allows companies to save on hardware costs, benefit from regular updates and provide employees with access from any location.

Thanks to cloud computing, processes can be digitalised faster, large volumes of data can be processed and new business models can be implemented. It is a driver of innovation and provides companies with flexibility, scalability and efficiency.

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Sanjay Sauldie

Sanjay Sauldie is a digital strategist, speaker and developer of the transruption toolkit, which companies can use to make their digital transformation measurable, human and sustainable. With kiROI - the AI-based approach to value creation in the digital age - he helps self-employed people and companies to integrate artificial intelligence into their processes in a practical way. With his outstanding marketing strategy iROI, he has already led countless companies to greater visibility and thus more profits. He combines digital innovation with disruptive thinking models for a sustainable business strategy. He studied mathematics and computer science at the University of Cologne, completed a Master of Science in Digital Disruption at the University of Salford (UK) and a Design Thinking programme at MIT/EMERITUS Singapore. As a multiple award-winning expert - including the Golden Web Award and the Innovation Award of the Initiative Mittelstand - he advises SMEs and corporations. His motto: "Digitalisation is not an end in itself - it must serve people."

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