Research library

Learning algorithms are becoming increasingly more accessible thanks to the significant intellectual effort put into AI solutions and model training. It is reasonable that major investment firms are turning their attention to these AI opportunities.

We will be able to assess the real impact of this phenomenon after some time, but for now we are observing a technological arms race between technology powerhouses and the democratization of access to AI opportunities.

AI has a great potential for automatization of current tasks, but much more it has a potential for expanding human activity than for automatization of the current tasks. First Bridge has a comprehensive understanding of various industry ecosystems and their current trends. We believe that development of AI in the different industries from Retail and Martech to Real Estate and Manufacturing is promising and up-and-coming.

AI Market Dynamic Transformation

The market of AI consulting and implementation is undergoing dynamic transformation. It is expected to be split into large ‘foundation’ models providing basic API functions, and the another layer of solutions, which will work for specific markets and tasks aimed for high-precision implementations. This specialization allows for the development of deep expertise and a better understanding of how AI can be applied to specific business challenges.

The nature of the first generation of AIs is that they learn from historical data, and that is why bias is born because the data is already irrelevant. The ‘Big AIs’ can do a lot, but this does not mean that their capabilities will correspond exactly to what is really needed or required by businesses. High-quality and robust AI consulting is extremely important at this point, to understand which approaches, and elements are needed to solve the puzzle. It’s the start of a new tech hype cycle.

It is increasingly important for organizations to focus on the long-term implications of AI adoption and look at AI opportunities strategically. Despite the fact that AI is leading the next technology wave, we believe that businesses do not understand the potential of AI opportunities yet.

The AI solutions and successful cases rather resemble short tactical moves, ad hoc decisions, solving specific problems, however building long-term strategy and understanding how to win in the long distance is quite important. AI shifting from experimenting and R&D process to mass adoption. Organizations must ensure they have a clear strategy in place before investing time and money in expensive and resource-intensive AI initiatives and pilots that lack a clear understanding of their potential benefits.

AI Opportunities for businesses

Read full research to learn about opportunities of AI that others are already starting to implement and you can also implement in your business.