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Overview — AI Value Creation

In: DATA STRATEGY AND AI VALUE CREATION For Data Leaders by Data Leaders

Author

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  • Dr Thara Ravindran

Abstract

We are currently witnessing a global Artificial intelligence (AI) revolution termed the “AI Spring” wherein organizations are scrambling to adopt and experiment with AI to transform their processes and services and realize business value. According to reports, in the last 5 years, there has been a doubling of AI adoption among organizations worldwide. The early adopters who have tasted success continue their experimentation and have since accelerated the pace, forging ahead with their AI-driven strategies. More and more organizations have reported the use of tools such as Robotic Process Automation (RPA), computer vision, natural language processing, virtual agents and interfaces, recommender systems, facial recognition, robotics, and generative AI.AI has been touted as the most disruptive emergent technology of the coming decade, that wields the power to enable the creation of enormous value for all types of businesses.

Suggested Citation

  • Dr Thara Ravindran, 2025. "Overview — AI Value Creation," World Scientific Book Chapters, in: Wai Fong Boh & Chee Hua (Neumann) Chew & Thara Ravindran (ed.), DATA STRATEGY AND AI VALUE CREATION For Data Leaders by Data Leaders, chapter 8, pages 115-120, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819800858_0008
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    More about this item

    Keywords

    Data Strategy; Data Governance; Data Quality; Privacy Protection; Artificial Intelligence; Generative AI; Business Value; Innovation; Digital Transformation; Regulations;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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