This article has been written by our guest expert, Graham Roberts from Full Stack Consulting, who assists clients with transforming their business to accelerate their growth..
AI is creating value for businesses right now.
Some businesses still don't know where to begin with AI while others have figured out how to deliver an awful lot more with a whole lot less. In 2023 the Institute of Chartered Accountants in England and Wales wrote that:
"Investment in technology also offers some of the greatest potential to improve productivity...Companies, not just those in the UK, are finding it very hard to use the new digital technologies. And it seems to be only very productive companies, large companies, or new start-ups in technology areas that can use these tools. As a result, the most productive companies are pulling further and further ahead of the rest. The top 5% or so are seeing big productivity gains, and big differentials are opening up within sectors of the economy."
The acceleration of AI advancements is increasing the gap between those who consistently drive productivity gains through new technologies and those who struggle to integrate new technologies.
All of this begs the question, how do you get your business into the top 5% of businesses and integrate AI into your processes to pull away from your competitors?
