Study: Understanding the Benefits of AI | Page 10

10 “I see a major challenge in this craving for disruption (...). It leads to one questionable solution after another, born out of fear of missing a trend.“ Release Manager, Software Corporation, Germany Enterprises in Europe are not far behind, as evidenced by the numerous examples in this study. However, it is important not to succumb to the pressure of expectations. The AI wave of change is rolling in fast, but it can be seen approaching – and now is the time to set one’s sails right and get ready for the fresh winds. MARKET VOICES “We are currently at ‘peak hype’, with expectations at their most inflated level. So it is important to manage these expectations realistically.” VP at a Telekom Division, Germany CASE STUDY GREYORANGE – INTELLIGENT AUTOMATION OF LOGISTICS PROCESSES GreyOrange’s “PickPal Butler”, introduced in Stuttgart (Germany), is used in GreyOrange’s logistics centers to replenish shelves. Combining AI and machine-learning systems, the high-speed auto-fulfilment robot can shift up to 600 packages per hour. GreyOrange expects the collaborative robot market to grow by more than 30% by 2025 in terms of global spending on robotics. 10 “It is important for CEOs to launch specific projects in their enterprises, evaluate the lessons learned, and then consider whether the fundamental vision for the enterprise needs to change.” Head of Digitals, Industrials, Switzerland “But it’s only today that we’re seeing three aspects converging: We have the need. We have the data. And we have the computing power. Even so, there’s a lot of glitter, but very little AI gold. Many so-called AI initiatives are just common-or-garden digitalization.” Senior Researcher, DFKI