Harnessing AI and Data for Business Innovation: Interview with Devkit.agency CEO Bogdan Ivanov

The world of business is a journey that requires constant decision-making. Every decision, from strategic planning to daily operations, shapes the future of your business. Unfortunately, many businesses make the mistake of using a generic data-driven approach without considering their unique needs. With AI/ML, the decision-making process has fundamentally changed.By incorporating AI/ML, businesses can gain valuable insights, automate tasks, and make more informed decisions.

By reducing false positives, the AI platform eliminates unnecessary investigations, saving time and effort for the security team, which allows them to make better decisions on where to invest resources. The second example is an AI/ML solution that streamlines invoice processing in a FinTech company. The lack of clarity and manual data entry of invoices increases the risk of errors and limits visibility into the status of invoices. After adopting an AI/ML invoice processing platform, the company improved its decision-making processes, including:

With real-time tracking and visibility into invoice status, decision-makers can monitor cash flow more effectively and make proactive decisions to avoid potential financial bottlenecks or delays.

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