How Explainable AI Helps Companies Navigate Economic Uncertainty

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Michael is CEO and cofounder of Virtualitics. A data scientist and entrepreneur with a background in finance and physics. Read Michael Amori's full executive profile here.

From fluctuating markets and geopolitical tensions to rapid technological advancements and shifting consumer behaviors, the need for agile and informed decision making has never been greater. In the age of business consumer-friendly AI, decision intelligence tools are helping business leaders navigate the ever-changing landscape more effectively.

Unlike traditional AI, which can be opaque and difficult to interpret, XAI provides clear, understandable insights into how results are determined. It does this by leveraging natural language processing and generative AI, which enable XAI systems to present results in the form of a narrative featuring simple language and relevant charts that are generated automatically.

Global supply chain disruptions have had a significant impact on businesses and consumers over the last five years, leading to delays, increased costs and shortages. By optimizing processes and identifying inefficiencies, XAI helps businesses streamline operations and reduce costs. Clear explanations of optimization decisions ensure that all team members understand and support process improvements that can help the organization weather current disruptions.

 

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