Successful AI implementations are based on three main pillars that help your company with the enterprise-grade robustness and quality!
Want to use AI in your business? Looking for an AI consultancy company in the UK that can help your company with AI transformation?
If yes, read this article! It will help you find the best AI consultancy company in UK.
But before you do so, let’s know what AI consultancy is, and why you need an AI consultancy company in UK for your business.
What does an AI consultancy company in UK do?
An AI consultant or an AI consultancy company helps companies by harnessing the power of AI technologies and makes its best possible use to improve these companies’ businesses.
Artificial intelligence (AI) is the next keyword that less-known people generally use to death, while AI consultants or an AI consultancy company in UK talks about this advanced technology because it brings with it a huge business opportunity for them.
While every consulting company has its own way to estimate, some consider artificial intelligence as the biggest economic opportunity for the world that will come in the next coming decades.
But, a report by BCG & MIT Sloan Management Review underlines that enterprises believe these as 3 factors that result in their unhurried adoption of AI:
A few are:
- Lack of awareness about AI capabilities
- Lack of AI talent in their organizations
- Lack of an AI strategy
Consultants in a UK AI consultancy company help in removing the following issues.
- Leveraging their motivated and smart personnel learning about AI, they can help detect AI use cases for businesses
- They abet organizations to improve their approach to driving top AI talent. If that proves inadequate, they are always there to support the development of new solutions.
- Strategy is their bread & butter.
What are typical AI consulting activities?
AI consultants with an AI consultancy company help businesses in obtaining AI transformation.
However, consulting could be split into 4 main categories, AI consultancy services by an AI company is also quite like that:
1- Strategy formulation
It requires understanding your client’s strategy, client’s data & analytics capabilities, challenges, and opportunities. This is crucial because based on these details and combining them with state-of-the-art AI, an ideal consultant can successfully find out the most essential artificial intelligence initiatives for the company.
Considering these initiatives, the consultant also revises the company’s overall strategy.
An AI consultancy company in the UK formulates its strategy in the following steps:
- Understanding your company’s current status and how it’s progressing and lacking.
- Creating a portfolio of potential AI initiatives that could be useful for your company.
- Predicting the value of a project that is being worked on either or without AI initiatives.
- Choosing AI solutions and data sets to feed machine learning (ML) models.
- Launching pilot projects using the power of artificial intelligence
- Identification of scaling challenges and coming up with a solution
2 – Commercial due diligence
Due diligence helps a consulting team to create the inputs to a valuation within a short time, in just one month. Taking into account the commercial and other due diligence inputs, the buyer, whether private equity, corporate, or another investor, starts making bids.
So, if you want to do effective due diligence, do get a good understanding of the AI market as success factors in AI differ from other fields.
In all, a consulting firm with due diligence can successfully track records.
Some AI-centric due diligence capabilities are understanding and evaluating data sources related to AI models, creating quick approaches to bench-marking different AI vendors’ solutions, and familiarizing with AI-based work credentials as well as academics.
3 – Implementation
When you are with a winning and successful strategy, it creates many initiatives.
You should also consider implementation as multiple activities such as planning, vendor choice if required, project management, improvement of business processes completed by the project, change management, and so on. Implementation could be in-house.
Generally, consulting projects need to improve the skills and the culture of the client.
This mainly relates to the area of AI that has less talent. AI consulting projects should ensure that client teams have the knowledge and capability about the technologies they’re planning to work on.
Overall, the core business of an AI consultancy company in the UK is to bring AI transformation and create more business opportunities for you.
After reading this article, if you want to know how an AI consultancy company, can transform and revolutionize your company’s business, get in touch with us, we are ready help you and answer all your questions related to artificial intelligence (AI).