Study: Understanding the Benefits of AI | Page 16

16 04 RESHAPING BUSINESS MODELS “AI solutions can be both evolutionary and revolutionary. We see both: enhancements that replace manual tasks and solutions that open up completely new dimensions via predictive maintenance or data analysis and deep learning.” Release Manager, Software Corporation, Germany The experts surveyed for the study agree: beyond enhancing existing processes, AI above all has the potential to be disruptive, and over the next five to ten years can be expected to radically transform entire industries. It is of course inherently difficult to predict the exact nature of this disruption. What is certain, however, is that upheaval can always be expected where three factors converge: Conventional analysis does not work: AI, with its self-learning capabilities, can however identify patterns in the data and make predictions. 20 Decisions are complex, but are based on constant rules: here, AI can be used to aid decision-making. Labor costs are high: AI-based automation will be relatively expensive, especially at the beginning. At the same time, AI can automate more complex tasks than present technologies and can for example simplify or support middle management activities.