Providing a Compass for the Journey
In some ways, artificial intelligence – in the form of automated features within popular applications – is already helping us combat info-glut. Those small steps are leading inevitably to a future in which we’ll all rely on AI for daily assistance with mundane tasks.
Almost all business processes suffer from excess complexity and variability, but both are difficult to spot—and even harder to eradicate—without fact-based analytical tools.
Complexity may drive as much as 15 to 30 percent of a large business’s total costs, according to various estimates.¹ In real numbers, if a company spends $1 billion on general and administrative expenses, anywhere from $150 million to $300 million² is incurred as a result of complexity, which encompasses overly complicated and widely variable business processes.
Source: Taming Complexity With Analytics – Deloitte CIO – WSJ