AI: This is how a company saves €198,000 with an application
The era of pilot projects is over. Managers from the Otto Group and a German medium-sized company show how they lead AI to measurable success in their companies.
German company Ludwig Meister saved €198,000 by developing its own in-house AI application instead of paying €2 million to a consulting firm. The application helped categorize 3 million articles in the company's online shop. According to a McKinsey report, only 37% of companies can attribute a portion of their earnings before interest and taxes (EBIT) to AI, while 6% say AI has a significant impact on their results.
A Handelsblatt survey found that only 12% of German executives believe their companies can measure the economic value of AI pilot projects. Ludwig Meister's approach to implementing AI involves setting clear goals and key results, and evaluating the success of AI projects based on specific criteria.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
