We realized that our business model of preparing spend data and classifying categories did not contribute to our vision.
In order to make maximum value from limited resources, we had to change our service portfolio and focus on the process.
Today, numerous demands are placed on processes in companies, especially when it comes to future viability. By using digital technologies, challenges can be solved that arise during implementation and in ongoing operations. Companies that solve these challenges and create processes accordingly will be significantly more successful in the long term and be able to unlock the full potential of their data.
No technology nowadays is considered to have as much potential as artificial intelligence (AI). That is why it is more important than ever for managers to build up fundamental expertise in this area - to understand both the potential and the limitations. This blog article aims to provide a certain level of understanding on the basis of which initial decisions can be made.
In artificial neural networks, the computer learns to deal with complex situations. The situations are put in relation to possible outputs and assigned probabilities. It is not easy to get an intuitive understanding of what these probabilities mean and how the computer calculates them. This blog post aims to provide an intuition for this.
The current corona crisis dominates the short-term and medium-term. No one can predict what consequences the current restrictions will have on companies, our society and our private lives. The future is currently rewriting itself and is influenced in this process not only by the Covid 19 pandemic but also by other trends.
