{"id":12141,"date":"2023-04-26T07:00:00","date_gmt":"2023-04-26T15:00:00","guid":{"rendered":"https:\/\/formtek.com\/blog\/?p=12141"},"modified":"2022-07-30T14:25:32","modified_gmt":"2022-07-30T22:25:32","slug":"ai-first-businesses-building-a-core-competitive-advantage-through-ai","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/ai-first-businesses-building-a-core-competitive-advantage-through-ai\/","title":{"rendered":"AI-First Businesses: Building a Core Competitive Advantage through AI"},"content":{"rendered":"\n

Businesses need to push to keep pace with technology. Over the last decade, we’ve seen a constant transition of priorities prescribed by tech analysts for what companies should do to differentiate themselves and excel in their businesses. There has been a parade of best-practice ‘firsts” in the last few years: businesses should be Cloud-First<\/a>, Digital-First<\/a>, Data-First<\/a>, and now AI-First<\/a>. The problem is that you can only choose one thing as your first priority.<\/p>\n\n\n\n

Let’s look at one of the most recent analyst recommendations: ‘AI-First’. An AI-first strategy means using data and AI tools to constantly model and adapt to the AI predictions for how market and customer demands will change.<\/p>\n\n\n\n

Deloitte says in order for companies to stay competitive, they need to jump into AI or else risk falling behind. Paul Silverglate<\/a>, vice chairman and US Technology sector leader for Deloitte, said that<\/a> \u201cit\u2019s like competing in Formula 1, you\u2019ve got to buy a car, learn the car, train in the car, to race the car safely to be competitive or win… Businesses report that having first-rate AI technologies is one of the most important initiatives to boost competitive advantage.”<\/p>\n\n\n\n

Ash Fontana<\/a>, author of The AI-First Company, told TechTarget that<\/a> “an AI-first company is about building a core advantage through AI. AI-first companies have a unique advantage by using data learning. They compound and automatically use information learned over time to increase their competitive advantage. That’s what an AI-first company does. It involves a lot more than just buying or using an AI product. It involves accumulating unique data on a constant basis, constantly improving your models, etc.”<\/p>\n

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Businesses need to push to keep pace with technology. Over the last decade, we’ve seen a constant transition of priorities prescribed by tech analysts for what companies should do to differentiate themselves and excel in their businesses. There has been…<\/span><\/p>\n

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