Europe is at a crossroads. Missing today’s opportunity to digitize its industry with A.I. will have grave consequences for the continent’s long-term competitiveness, and for local employment. Immediate action is needed.
If companies are not willing to share their data, ecosystems die on the vine.
The new European Data Governance Act is a good first step, but there’s room for complementary initiatives.
Consumer preferences are changing rapidly, outpacing companies’ traditional abilities to track and respond to trends. Data and AI can provide new eyes and ears.
Companies must use AI not only to cut costs but also to generate more revenue by improving forecasting and making decisions in real time.
In order to see significant financial returns, organizations need a multidimensional, complex relationship with AI—one that involves several methods of learning and different modes of interaction.
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