Close
Success in today's business landscape hinges on how effectively data is utilized rather than merely collected. A study by Virtusa reveals that while many companies excel at gathering sales data, only a small fraction leverage customer data to enhance their understanding of customer behavior and product performance. Companies that effectively combine various data sources have experienced significantly higher revenue growth compared to those that do not.
The integration of generative AI systems is crucial for companies aiming to become 'customer clairvoyant.' By investing in AI, organizations can not only boost sales but also achieve substantial cost and time savings in data management. A holistic approach to data utilization, including the establishment of a central data office, is essential for driving strategic decisions across departments.
• 79% of companies excel at collecting sales data but lack advanced usage.
• Companies investing in AI see significant revenue growth and cost savings.
Generative AI refers to systems that can create content or insights from data, enhancing decision-making and operational efficiency.
This term describes companies that effectively use customer data to predict behaviors and improve marketing strategies.
Data utilization involves the effective application of collected data to drive business strategies and enhance customer understanding.
Virtusa is a digital transformation company that emphasizes the importance of data utilization for business success.
5, which enhances human-like interactions and understanding.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
