Artificial Intelligence is not going away. Every high-performing business, regardless of size or industry, is already working on AI initiatives.
The Problem
The problem companies are experiencing, however, falls into three major categories:
- The execution team lacks experience in AI. This lack of experience can manifest in multiple ways: not having the skills to build it, not understanding the mathematical underpinnings of it, not having the ability to productize it, or lacking the capability to commercialize it rapidly to drive new revenue or EBITDA improvements.
- The business allows anyone to experiment to find valuable use cases. Again, these team members, while well-meaning, do not have the necessary background, skillset, or experience in building, productizing, or commercializing AI at speed. So they end up picking random use cases or spending too much time in meetings attempting to figure it out.
- The company is overpaying significantly for a third-party provider. This is because their advisors or internal team members have taken long and complex pathways to achieving value, rather than short, direct paths. As a result, companies are paying millions to hundreds of millions of dollars to firms like Palantir, Accenture, or McKinsey, and shareholders are being harmed.
Our Experience
- We began working on the mathematical foundations of AI 30 years ago and have developed numerous AI products across various industries and use cases.
- We have advised and executed alongside many companies (investment committees, portfolio companies, startups, and the Fortune 500) not only on the appropriate vector of value, but also on effort and impact.
- We have demonstrated rapid use case identification, prioritization, development, and commercialization, driving ROI not only within one year (i.e., without disrupting structural EBITDA), but also within 30 days.
In short, we have productized the approach to deriving value from AI and continue to prove its effectiveness. Learn more about our approach and past projects.
Take the AI ROI Assessment
If you'd like to take the assessment, you can navigate to Evergence AI and click the button at the top of the page. You will be emailed your score after completing the short questions.
