{"id":1605,"date":"2019-03-08T07:08:44","date_gmt":"2019-03-08T07:08:44","guid":{"rendered":"https:\/\/nayamode.com\/?p=1605"},"modified":"2019-03-08T07:08:44","modified_gmt":"2019-03-08T07:08:44","slug":"meaningful-ai-business-value-in-the-ai-ecosystem","status":"publish","type":"post","link":"https:\/\/nayamode.com\/blog\/meaningful-ai-business-value-in-the-ai-ecosystem\/","title":{"rendered":"Meaningful AI- Business Value in the AI Ecosystem"},"content":{"rendered":"<p>Nayamode has gone through many incarnations as a technology and design company; we\u2019ve also seen many technology trends be birthed, grow, and even some die.\u00a0\u00a0When a company gets involved in the fast changing world of technology and technology-enabled services and marketing, it must perforce deal with a world that reinvents itself every few years.\u00a0\u00a0We\u2019re proud to have \u201cridden the bull\u201d with some success, almost all driven by our people, customers, and partners.<\/p>\n<p>With all the changes we\u2019ve seen, one thing has remained consistent, persistent even- our striving to create business value in every relationship, with every project, and with everything we build.\u00a0\u00a0Business value, in its broadest sense, is about furthering the customers\u2019 agenda with their customers\u2019 needs in mind.\u00a0\u00a0Helping our clients engage with their audiences, wow them with value-laden experiences, and proffer innovations in a competitive marketplace is the hallmark of the Nayamode way.<\/p>\n<p>A recent trend that has caught our attention is the emergence of Artificial Intelligence (AI).\u00a0\u00a0To be clear, the concept is 60 years old, but really only in the last 5 years have we seen a massive burgeoning in the sector, replete with hundreds of billions of dollars of investment and marketing rhetoric to match.\u00a0\u00a0AI is invoked everywhere, has found a place in all company\u2019s pitch documents.<\/p>\n<p>We\u2019ve been lucky to work with many organizations that can properly lay claim to the mantle of being AI or AI-driven.\u00a0\u00a0For us, what distinguishes\u00a0\u00a0\u201cmeaningful\u201d AI from \u201crhetorical\u201d AI is \u2013once again- business value.\u00a0\u00a0Does a company\u2019s AI work or innovations accrue to solving real problems or in any way enhance the operations or outcomes in a particular vertical or scenario?\u00a0\u00a0For us, that\u2019s the real question.<\/p>\n<p>Companies like Microsoft, Amazon, and Google are no doubt leading the way here.\u00a0\u00a0But one would be remiss if missing the clusters of AI companies growing and amalgamating around verticals or even large asset classes.<\/p>\n<p>Consider the Real Estate asset class for a moment.\u00a0\u00a0For most people, the single largest economic decision they make is which house to buy.\u00a0\u00a0In the US alone, Real Estate is a $29T asset class.\u00a0\u00a0Imagine the possibilities if AI were applied to transactions, valuations, and analytics in this important industry.\u00a0\u00a0Companies like Zillow and Redfin are doing this; so too is Bellevue-based\u00a0<a href=\"http:\/\/www.quantarium.com\/\" target=\"_blank\" rel=\"noopener\">Quantarium,<\/a>\u00a0an emerging player in the AI for Real Estate space.<\/p>\n<p>The point here is that while we have the usual suspects- and they are doing great things- there is an entire ecosystem being built in meaningful AI.\u00a0\u00a0\u00a0In each vertical and asset class.<\/p>\n<p>At Nayamode, we are glad to be a participant in this glorious and meaningful revolution in what\u2019s possible.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nayamode has gone through many incarnations as a technology and design company; we\u2019ve also seen many technology trends be birthed, grow, and even some die.\u00a0\u00a0When a company gets involved in the fast changing world of technology and technology-enabled services and marketing, it must perforce deal with a world that reinvents itself every few years.\u00a0\u00a0We\u2019re proud [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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