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Transformation Model for leveraging ARTIFICIAL INTELLIGENCE

BearingPoint
25. May 2020
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Transformation Model for leveraging ARTIFICIAL INTELLIGENCE

  1. A BearingPoint Accelerator BearingPoint offers a glance of future using a qualified assessment for cross-industry digital transformation driven by Artificial Intelligence. Our well-proven methodology enables a holistic view for identifying, evaluating & fine-tuning AI use cases, selecting the right technology and provider, as well as focussing on the strategic and operational roadmap for your AI transformation. Transformation Model for leveraging ARTIFICIAL INTELLIGENCE
  2. Contents Market Drivers Our Approach Client Benefits References Contact AI Transformation Assessment | A BearingPoint Accelerator
  3. AI Transformation Assessment | A BearingPoint Accelerator Digital Transformation and the Potential of Artificial Intelligence: Are you fit for 2025? Market Drivers Data as the ”new gold” New digital environments and ever changing customer needs challenge companies to make fast decisions these days. AI is the right solution to improve products and services and build value around your customers. People are more willing than ever to share their personal information in return for customized solutions. This fact makes data a very precious asset nowadays, sometimes also referred to as the “new gold” of our time. Well established, traditional companies already have this important asset at hand as they have been in the market for a long time and possess lots of data on products, services and clients. However, while tech companies know how to make use of this valuable information properly, large organizations are often struggling with exactly this. “Machine Learning & Artificial Intelligence” is one of the most significant innovations besides the Internet of Things and Blockchain. It has unimagined potential for reduction of costs while at the same time speeding up processes to a whole new level. The digitization of processes and documents, the exponential increase in computing power - especially from the cloud - and the simultaneous decline in technology prices are leading to ever more affordable use cases and disruptive business models. However, it is purely data which drives the success of AI - in particular the intelligent merging, structuring and interpretation of information. Unstructured data is interpreted and converted into structured logics enabling increased speed and quality of decision-making processes. Yet, there is a significant need of orientation, identifying appropriate use cases and incorporating them into corporate strategies and business models. Therefore, we have created a four-step AI transformation model to identify how AI can optimize processes and develop innovative business models. The combination of internal company know-how and external consulting expertise has proven to be an effective way to overcome the above-mentioned challenges and to deal with these complexities. Now, the key question remains: “Are you fit for 2025?” – Find out more in the remainder and get in touch with our experts to elaborate your AI transformation potential! Understand how to leverage the potential Assessment as input for strategic transitions
  4. AI Transformation Assessment | A BearingPoint Accelerator With our holistic AI Transformation Model, we support our clients all the way from AI use case identification and provider selection to implementation and integration into their corporate strategy. STAGE 1 – FOCUSSED NAVIGATION Combining internal know-how with cross-industry AI expertise, we create a common understanding of our client’s digital needs and goals. Using our AI Transformation Assessment Tool we evaluate possible AI use cases. STAGE 4 – CONNECTED VALUE Upon completion of the AI implementation, we begin the anchoring of artificial intelligence on system/operation and strategy level. Furthermore, we start to lay the foundation for further innovation of products, services and business models. STAGE 3 – TRUSTED EXECUTION We accompany our client in implementing the most suitable solution. To ensure a smooth process, we support intensively in project initiation and execution as well as in-life transition. STAGE 2 – DEFINED SOLUTIONS Based on these results, we define a selection of suitable technologies. In collaboration with our innovation partners we screen and evaluate the market for the best fitting AI solution provider to support your individual use cases. USE CASES IDENTIFIED SOLUTION IMPLEMENTED BUSINESS TRANSFORMED PROVIDER SELECTED Digital Strategy as a basis New Business Models Innovation Strategy Update System Harmonisation Process Remodeling Project Management Implementation Roadmap MediationCost-Benefit Analysis Provider selection Start-up sampling Technology mapping Use Case Rating Tool Based Process Analysis Needs, Goals & Processes
  5. AI Transformation Assessment | A BearingPoint Accelerator In the first step of our unique “AI Transformation Assessment” we identify and assess potential AI use cases within business processes. STAGE 1 – FOCUSSED NAVIGATION: 1. IDENTIFICATION 2. ASSESSMENT 3. SOLUTION Assessed AI Use CasesPotential Use Cases Processes Use Cases Specific AI-Use Cases C hallenges,Risk&Feasibility Benefits Strategic Contri- bution Earnings Effectiveness Digital Maturity Effort & FTE Frequency Techno- logical Diversifi- cation Complexity, Data & Systems Change Structure & Process Organi- zation Risk Factors Cost ? ? ? ? ? ? ? ? ? ? Tool Based Process Analysis
  6. AI Transformation Assessment | A BearingPoint Accelerator The benefits that AI offers range from internal optimization and efficiency increase to innovation of the entire business model and value chain. EFFICIENCY INCREMENTAL INNOVATION RADICAL INNOVATION IMPROVEMENT INNOVATION AI technology optimizes internal processes, increases efficiency, lowers cost and frees up resources AI creates transparency and allows efficient analysis and insights into previously unstructured data New structured data enhance reporting, controlling and thrive accurate decision making Insights from data help to enhance and customize products/ services, leading to higher customer satisfaction Improvements along the product/ service lifecycle by using real time data, e.g. predictive maintenance Creation of new to the company/ market products/ services, e.g. smart products Expansion into new value chains, e.g. forward/ backward integration and disruption of untapped markets Innovation of business models by completely rethinking products/ services, customers and the current market, e.g. servitization of products
  7. AI Transformation Assessment | A BearingPoint Accelerator References Identification of AI optimization potential OPPORTUNITIES AND PROJECTS OTHER REFERENCES German real estate firm Optimization using AI Application of AI technology for process optimization Business Objective Assess transformation potential Evaluate processes, identify and assess potential use cases for the application of AI Project Scope AI use case roadmap Roadmap with selected use cases based on their feasibility Project Outcome AI in real estate portfolio management Large German health insurance company Efficient property management Improve evaluation of investment decisions and strategic put options Business Objective Data quality and transparency Identification of relevant data, design of data model and structured consolidation of necessary documents Project Scope Single source of truth Updated portfolio/ systems with structured and manageable real estate data Project Outcome Internal and external workshop sessions Presentation of the transformation model and application of a light version of the assessment tool (focusing around stage 1 - identification and evaluation) for several internal and external workshop sessions on the topic of AI Project Outcome
  8. AI Transformation Assessment | A BearingPoint Accelerator Contact About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three units: Consulting, Solutions and Ventures. Consulting covers the advisory business; Solutions provides the tools for successful digital transformation, regulatory technology and advanced analytics; Ventures drives the financing and development of start-ups. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success. For more information, please visit: Homepage: www.bearingpoint.com LinkedIn: www.linkedin.com/company/bearingpoint Twitter: @BearingPoint © 2019 BearingPoint. All rights reserved Matthias Hoehne Partner BearingPoint Germany matthias.hoehne@bearingpoint.com Thomas Heiss Partner BearingPoint Germany thomas.heiss@bearingpoint.com Juliane Musil Senior Manager BearingPoint Germany juliane.musil@bearingpoint.com
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