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Business Reporter: To maximize ROI, companies must build their own AI systems

Companies achieve meaningful results when they design, build and own their AI systems in-house, with a trusted partner’s support

LONDON, UNITED KINGDOM, March 2, 2022 /EINPresswire.com/ -- In a video published on Business Reporter, Wolf Ruzicka, chairman of EastBanc Technologies, explains how businesses can avoid common mistakes that are expensive, waste resources and erode end-user trust when deploying AI systems. Ruzicka explains that in order to deliver meaningful ROI, AI systems must be pervasive, integrated and incremental. When implemented as one all-encompassing initiative, AI often fails to effectively penetrate the legacy areas of the business where critical operational and customer data resides. As a result, these AI systems provide little impact beyond basic functions. Another mistake that companies make, especially those running multiple AI initiatives, is that they fail to ensure the integration of disparate AI systems and therefore create data silos and potentially conflicting insights that can negatively affect operations as well as the customer experience.

According to Ruzicka, the most significant mistake a company can make when deploying AI systems is to outsource its initiative to a single vendor to “overhaul.” Big, top-down AI initiatives are often costly, slow and very risky. Vendors are more likely to choose their own solutions vs. what is truly the best fit in the market for the client company. In addition, outsourcing AI systems to a vendor leaves the company with little insight into and autonomy over the systems that they come to rely on to power their business.

In contrast, companies are in a better position to achieve meaningful ROI when they maintain internal ownership of their AI systems and directly design, build and manage the systems with the help of a trusted partner. Doing so enables them to better select the products that meet their unique needs and adapt when those needs change or improved offerings come to market. Because AI requires a highly customized and granular approach, Ruzicka recommends that companies own their AI destiny to ensure success.

To learn more from EastBanc Technologies about how to maximise ROI from AI systems, watch this video.

•• About Business Reporter ••

Business Reporter is an award-winning company producing supplements published in The Guardian and City AM, as well as content published on Business Reporter online hubs on Bloomberg.com, Independent.com, Business Insider Germany and Le Figaro, delivering news and analysis on issues affecting the international business community. It also hosts conferences, debates, breakfast meetings and exclusive summits.

www.business-reporter.co.uk

•• About EastBanc Technologies ••

EastBanc Technologies is a Washington, D.C.-based software development pioneer. The company creates cutting-edge technology solutions for customers worldwide in the commercial, enterprise, state, local and federal government sectors. Subsidiary brands include Sympli, which is a suite of design collaboration and handoff tools; and Kublr, which is an enterprise-grade Kubernetes management platform. EastBanc Technologies also created APIphany, an API management company, which was acquired by Microsoft and integrated into Microsoft Azure in 2013.

Founded in 1999, EastBanc Technologies is GSA-approved, and recently earned the Modernization of Web Applications in Microsoft Azure Advanced Specialization. EastBanc Technologies clients include Netflix, Facebook, Microsoft, Comcast, The Washington Post, American Red Cross, NASDAQ and Intelsat.

For more information, visit eastbanctech.com.

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