Both high-level executives and decision-makers in organizations constantly face the challenge of making complex decisions that directly impact their business performance. In today’s fast-paced world, having the right information to anticipate future scenarios is more essential than ever.
This is where Optimization Artificial Intelligence (Opti-AI) becomes a game-changer for strategic decision-making. According to a McKinsey report, by 2030, 70% of companies will have at least one AI solution, and half of large corporations will use a full range of AI applications across their value chain
“AI-driven decision-making is expected to generate $12 trillion in economic value by 2030.“
(McKinsey & Company)
Curious about how Opti-AI can transform your business? In this article, we’ll explore how AI solutions can help optimize business management, enhance customer experience, and boost market competitiveness.
What is Opti-AI?
Optimization Artificial Intelligence (Opti-AI) is a field dedicated to solving complex problems in system management by leveraging mathematical, statistical, and algorithmic tools to model and optimize various scenarios. Its primary goal is to find the best solution to a problem, taking into account relevant constraints and variables to maximize benefits or minimize costs.
Advantages and business impact
Implementing Opti-AI solutions can significantly impact key performance indicators (KPIs) for organizations like yours. Some of the main advantages include
- Reduction of operational costs
Opti-AI tools enable more efficient allocation of resources such as staff, inventory, and logistics. This efficiency reduces operational costs and boosts productivity - Demand forecasting
With advanced predictive analytics, Opti-AI provides more accurate estimates of future demand, enabling better planning and quicker market responses - Informed decision making
By providing information on possible scenarios and their probabilities, Opti-AI helps executives make more robust and adaptable decisions. - Constant improvement
Opti-AI solutions offer continuous monitoring and adjustment of processes, identifying improvement opportunities and allowing swift implementation of changes. - Process automation
AI-driven process automation enhances operational efficiency, reduces errors, and positively impacts the quality of products and services.
What is the process for creating an optimizing AI solution in an organization?
The typical implementation process consists of the following stages:
- Identify the problem. The initial stage involves detecting a problem where Opti-AI can be implemented. This often requires research and support from a technological partner.
- Requirements gathering and design. Collect relevant data and define the requirements the solution must meet. Technical solutions and architecture will vary based on the problem.
- Modeling and optimization.Use advanced AI and mathematical optimization techniques to build a model that simulates system behavior and generates optimal recommendations.
- Validation. Compare the model’s results with current solutions to evaluate improvements and ensure compliance with requirements.
- Integration and implementation. Integrate the Opti-AI solution with existing organizational systems for smooth implementation and real-time insights generation.
- Monitor and continuously improve. Constantly monitor the solution’s performance, adjusting and refining the model as necessary to maintain effectiveness.
Challenges in implementing Opti-AI
Some key challenges and myths organizations face when implementing Opti-AI solutions include.
Cultural barrier
Initially, some companies may struggle to accept that key processes can be handled by “machines” rather than human experts. However, technologies like ChatGPT have gradually helped reduce this cultural barrier.
Identification of rights problems
Identifying business problems where Opti-AI can have the greatest impact requires close collaboration between technical experts and business professionals.
From Big Data to Smart Data
Some companies believe they need large volumes of high-quality data to implement Opti-AI solutions. While quality data is always beneficial, effective solutions can often be generated even with limited data. Decisions are made regardless, with or without extensive data.
Human Knowledge Replacement
There is a myth that AI will completely replace the knowledge and experience of human experts. These tools are designed to complement and enhance decision-makers’ capabilities, not replace them. Humans are essential for making decisions; AI simply provides the perfect tools to make the best decisions.
Limited Application Areas
Often, these technologies are thought to be applicable only to certain sectors, like logistics. However, Opti-AI can be implemented across all types of sectors and organizations, as long as there is a complex problem and a measurable impact that justifies the investment.
Ensuring effective and smooth Opti-AI implementation
To ensure successful implementation of AI solutions, it is crucial to have the support of specialized companies like baobab. They provide expertise in mathematics, computing, and analytics, combined with a deep understanding of the specific challenges and needs of each industry. This allows for the design of tailored solutions that seamlessly integrate with business processes.
If you’re looking for a strategic partner to provide this technology, seek an organization that offers comprehensive support—from problem identification to implementation and monitoring of Opti-AI solutions. Remember that processes improve and organizations evolve, so you need a technological partner that continuously enhances solution performance through adjustments and refinements over time.
Lastly, choose a provider with a global business understanding, a cross-functional approach, and multidisciplinary teams for effective communication. This includes technical profiles, business experts, project managers, data scientists, and high-level operations researchers. Your tech partner should focus on making a real impact on your most important KPIs, avoiding investments in projects that do not add value to your business.
Success Stories
Curious about how we can help you implement Opti-AI solutions in your organization? Contact us to schedule your first smart session and start improving your processes immediately.
Optimizing Artificial Intelligence is crucial for strategic decision-making in today’s and tomorrow’s business environment. Partnering with strategic allies to develop these solutions is a smart investment for the short, medium, and long term.
