In today’s market, there is a growing trend of artificial intelligence (AI), which is intelligence demonstrated by machines, helping modern businesses increase revenue and boost operational savings. Know more:
IN today’s market, there is a growing trend of artificial intelligence , which is intelligence demonstrated by machines, helping modern businesses increase revenue and boost operational savings. In particular, the applicability of AI technologies for a variety of use cases has enabled value creation for organizations across multiple industries, including IT services, health care, cybersecurity, financial services, retail, manufacturing, transportation and logistics.
KPMG in the Philippines Technology Consulting Partner Michael Ian Emerson E. Royeca shares the same sentiments citing that “advancements in technology bring about both breakthroughs and risks hence, it is critical for leaders to identify which opportunities could entail progress and profit and which changes are just windows to greater threats.”
Sound product roadmap. In the acquisition of AI companies, it is important to confirm that the seller’s technology is unique and that it cannot be rebuilt using AI tools and solutions already available in the market. Also, the product strategy that dictates the degree of customization of the AI modules and their applicability to the buyer’s business requirements should be factored into the diligence process. These considerations are important to mitigate commercial risks.
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