The term “leapfrog” may evoke childhood memories of playing on the playground where the idea of leaping over your friends like a frog leaping towards its destination made more sense than conventionally walking there. But in the context of technological advancement, you may be asking yourself, “what does leapfrogging actually have to do with digital transformation or Artificial Intelligence?”
Enter our second AI prediction for 2021:
Comprehensive Artificial Intelligence platforms, such as Elutions‘ Maestro, will act as a digital leapfrog to bypass outdated systems, investments in new infrastructure and out-navigating your competitors.
The concept of leapfrogging is not new, in fact it has been used in industrial organization and economic growth for many years. However, the concept of using new technologies, such as AI, to leapfrog various stages of technical infrastructure or development is quite revolutionary. The digital leapfrog makes the notion of gradual upgrades/ development obsolete and introduces the ability to disrupt the developmental stages with one huge leap past steps that may have otherwise taken years and significant financial investment to implement. The idea that growth must follow a linear pattern can be tossed aside with just one leap, if only a corporation is ready to make the jump.
Digital Leapfrogging has not been widely reported upon, written about or discussed by the consultancies and large tech companies of the world, for strategic reasons on their part. A simple google search will not produce much on the topic, but why?
The leading corporations of the world have made a fortune off of convincing businesses to follow the antiquated path of upgrading their “technological stack” or selling them on the notion that they need to purchase/ implement additional technology, such as data lakes, prior to adopting Artificial Intelligence. This approach has been utilized for many years as a tactic to get as much business from a single client as possible. This sales model has had a widespread impact on industrial purchasing and is ingrained in such a way that the digital leapfrog might seem impossible as it disrupts this entire process. Rest assured, the digital leapfrog is not only possible, taking the leap vastly increases a business’ speed to value.
Our prediction is that, due to the uncertain times we are living in and the need not only for stability but also for exponential growth, the time of linear progression & upgrading the technological stack is long gone. Not only is it extremely costly to continuously invest in a tech stack, in most cases it is entirely unnecessary or made redundant when the end goal is an Artificial Intelligence implementation. In this day and age, many businesses are in desperate need of speed to value, something that only a digital leapfrog can provide.
Many industries are poised to benefit from Artificial Intelligence as a leapfrog, including Healthcare, Education, Telecom and Banking but those with the opportunity to use AI as a transformational leapfrog are Industrial & Chemical Manufacturing, Utilities and Oil & Gas corporations. Many manufacturers, utilities and O&G corporations run large, and sometimes international estates, with a multitude of plants or sites that may all have disparate systems, or existing infrastructure/ assets that varies in age, lifecycle and capability, the perfect environment for Maestro AI as a leapfrog.
It may all seem too good to be true, this is revolutionary and can be difficult to accept due to established procurement and purchasing habits that have been plaguing businesses for years, but it is possible with the right partner. Most leaders and organizations want breakthroughs but many of the large tech corporations are not willing to provide true innovation. The team at Elutions specializes in breakthroughs, using Maestro AI not only to leapfrog internal technological development with its ability to connect previously disparate assets, infrastructure and systems, but also to leapfrog past the competition with unrivaled speed to value.
In 2021 we will see a rapid increase of AI adoption as a digital leapfrog. Let 2021 be a year of digital transformation with Elutions as your partner. To learn more about specific case studies of Maestro Artificial Intelligence applied, please contact us.