Implementing artificial intelligence (AI) in your own department can make a decisive contribution to increasing efficiency and innovative strength. The sixth step of the KIROI (Artificial Intelligence Return on Invest) strategy focuses on how individual departments can maximise their contribution to the company's success through the targeted use of AI.
Customer example: ABC Financial Services (name changed due to NDA contracts)
ABC Financial Services, a leading company in the financial sector, wanted to optimise its internal processes and develop new innovative services. The sixth step of the KIROI strategy enabled them to utilise AI effectively in the finance department.
Identification of optimisation potential
- Process analysis: The existing workflows were analysed to identify bottlenecks and inefficient processes. This revealed that the manual processing of data was time-consuming and error-prone.
- Objective: The main objectives were to automate routine tasks and improve data analysis capabilities.
Implementation of AI solutions
- Automation: AI-supported systems were introduced to automate repetitive tasks such as data processing and reporting. This reduced manual effort and enabled employees to focus on value-adding tasks.
- Data analysis: Advanced analysis tools were used to analyse financial data in real time and gain valuable insights for strategic decisions.
Promotion of innovations
- Ideas workshops: Regular workshops were held to encourage employees to contribute innovative ideas on the use of AI. This led to the development of new services such as personalised financial advice based on AI analyses.
- Pilot projects: New AI-based services were initially tested in pilot projects to evaluate their feasibility and effectiveness.
This example illustrates how AI can act as a catalyst for efficiency and innovation within a department. Share these insights to realise the potential of AI in your department too.
Result:
By integrating AI, ABC Financial Services was able to significantly increase the efficiency of its finance department. The automation of processes led to faster processing of tasks and the improved analysis options enabled more informed decisions to be made. In addition, the involvement of employees in the innovation process promoted the development of new, competitive services.
The sixth step of the KIROI (Artificial Intelligence Return on Invest) shows how important it is to implement AI specifically in your own department in order to promote efficiency and innovation. Companies that successfully implement this step can add significant value to their internal processes and set themselves apart from the competition.
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