Original
Original
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03 / 10 /
The Transformative Harness the Opportunities
Business Value of AI of AI for Your Business
05 / 11 /
Cultivate Trust with Secure Take the Next Step on Your
and Responsible AI AI Transformation Journey
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Identify Business Scenarios
EBook | AI Use Cases for Business Leaders: Realise Value with AI
The Transformative
Business Value of AI The Business Impact of Microsoft AI
Microsoft AI can have a tangible economic impact
While AI itself is not new, the ongoing explosion on businesses. In one example, a recent study
of data, coupled with the steady increase in conducted by Forrester Consulting concluded that
Azure AI benefits include:4
computational power, is having a significant
impact on business operations. Deep learning has • A 150% increase in work output
produced essential breakthroughs in computer • Improved spending optimisation, reducing costs
vision and language capabilities. And the rapid by 7%
adoption of generative AI technologies – the
subset of AI that involves the use of algorithms
and techniques to generate new data, such as
with language models like ChatGPT – has made it will only become more vital in the years to come.
AI products and services easier to use. As a recent Globally, businesses are projected to double their
Forrester study summarised, “AI adoption is no AI investments from 2021 to 2025.2
longer an emerging trend, with 73% of data and AI is a quickly evolving field, particularly for
analytics decision-makers building AI technologies business applications. This eBook is designed to
and 74% seeing a positive impact in their help you get up to speed on the current state of AI
organisations.”1 in business and to give examples of AI use cases so
AI is the next technological revolution for business, that you and your business can take the lead.
building on the cloud, the internet, PCs and
transistors (as shown in Figure 1). AI already plays a
crucial role in business strategy and operations, and
1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000
Figure 1. AI is poised to be the next epoch-defining technology for the global economy3
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EBook | AI Use Cases for Business Leaders: Realise Value with AI
The Current State and Potential • Decision capabilities include everything from
anomaly detection to automatic content
of AI Today personalisation to automated content
AI provides an array of capabilities, many of moderation for text, image and video
which are new to the current generation of AI. applications. Machine learning and advanced
For business, these capabilities encompass four analytics are good examples of this domain.
broad categories: Many of the most promising future-oriented
• Vision capabilities range from image analysis benefits of AI for business will come from
to facial recognition and optical character combining capabilities across these domains.
recognition (OCR), but they also include spatial As AI becomes more flexible and transparent
analysis of people’s presence and movements, in for businesses and customers, expect greater
addition to content discoverability to classify and automation and heightened employee
caption images. productivity, operational cost optimisations and
new, innovative services and products. In short,
• Speech capabilities include well-known uses enterprises are using AI today to create new value,
such as speech-to-text and text-to-speech, but increase productivity and reduce costs. This eBook
they can also recognise the intent of people uncovers some of the ways that you can start or
independent of their exact wording, automate continue your AI journey.
video captioning and create audio content.
• Language capabilities extend to not just
translation, but also sentiment analysis,
key-phrase extraction and opinion mining.
OpenAI – the AI research organisation behind
well-known AI models like ChatGPT – is a good
representation of the natural and intuitive AI
interface that natural language provides.
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EBook | AI Use Cases for Business Leaders: Realise Value with AI
Cultivate Trust with Secure These principles are vital both for developing
AI technologies and for implementing them in
and Responsible AI business operations.
AI can be a revolutionary tool for business, but its Microsoft is committed to security, privacy and
power must be founded on trust. One part of that compliance across everything it does, and its
trust is built on stakeholders inside and outside approach to AI is no different. Microsoft published
of your business knowing that your AI tools are the Microsoft Responsible AI Standard based on
ethically developed and responsibly deployed. The years of AI development and implementation
other part of building trust in AI arises from it being to help every organisation use AI responsibly.
secure – that is, knowing that both potentially Microsoft can help every organisation build safety
sensitive data that powers AI is secure from and responsibility into their AI journeys from
breach and that the AI tools themselves are not the very beginning. For more information about
compromised by malicious actors. Microsoft’s commitment to the advancement of
AI driven by ethical principles, visit the Microsoft
Using AI Responsibly Responsible AI page.
In order to fully harness the benefits of AI, business The costs to companies from cybercrime can
leaders and other stakeholders must trust AI. And extend beyond data breaches, including fraud
fundamental to trust in AI is using AI responsibly. and other forms of theft. By analysing patterns
Microsoft has demonstrated leadership and and anomalies in large datasets, businesses can
delivered powerful tooling to help build safety make use of generative models to detect and
and responsibility into AI solutions from the start. prevent fraud, safeguard sensitive information and
This includes Microsoft’s Responsible AI Principles protect their digital assets. For example, in financial
and the product capabilities developed to help services, businesses can protect loan and credit
customers build AI safety into their solutions. privacy with shareable data, detect suspicious and
Microsoft has committed to ensuring trust, security fraudulent transactions and turn data trends into
and privacy in the era of AI by establishing a core risk assessments.
set of six principles:
AI solutions like Microsoft Security Copilot can
• Fairness work seamlessly with security teams. This solution
can synthesise data from multiple sources into
• Reliability and safety clear, actionable insights to simplify incident
• Privacy and security responses, triage signals faster and surface threats
earlier. Solutions like Security Copilot can empower
• Inclusiveness defenders to see what is happening in their
environments, learn from existing intelligence,
• Transparency
correlate threat activities and make more informed,
• Accountability effective decisions at machine speed.
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EBook | AI Use Cases for Business Leaders: Realise Value with AI
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EBook | AI Use Cases for Business Leaders: Realise Value with AI
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EBook | AI Use Cases for Business Leaders: Realise Value with AI
On the manufacturing front, AI’s influence is Avoid Downtime with Predictive Maintenance
profound. Predictive maintenance and safety and AI-Powered Incident Management
help manufacturers pre-empt production-
Due to the operational and financial setbacks
line disruptions and identify potential safety
involved, unplanned downtime can be a nightmare
vulnerabilities. This foresight doesn’t just prevent
for manufacturers. However, AI-driven predictive
costly downtime, but ensures that the workforce
maintenance can help mitigate this operational risk.
remains protected, further bolstering operational
By continuously analysing machine and equipment
efficiency.
data, AI can identify patterns signalling a potential
malfunction or wear-and-tear long before a human
Anticipate Future Needs with Predictive Analytics
eye catches them.
In the fast-paced worlds of retail and healthcare,
forecasting needs and trends can be the difference Consider an automotive assembly line: before a
between thriving and merely surviving. AI-powered critical machine component fails, triggering delays,
predictive analytics turns vast data repositories AI can give a heads-up to the maintenance crew,
into actionable insights. For instance, a retail ensuring timely replacements or fixes. AI could
executive can anticipate seasonal demands or also detect anomalies in production that might
pinpoint emerging product trends, enabling stock cause unexpected maintenance issues. AI can
optimisation and strategic marketing campaigns. help avoid downtime triggered by accidents, such
On the other hand, healthcare administrators can as by quickly spotting incidents like spills before
foresee patient load spikes, ensuring adequate workers are injured and automatically generating
staffing and resource allocation. Both scenarios automated video summaries of incidents to speed
lead to better customer or patient experiences, up reporting. For every manufacturing leader, this
efficient resource utilisation and improved bottom can mean fewer production disruptions, enhanced
lines, all of which highlight the indispensable employee safety and a potential significant uptick
nature of AI in modern decision-making. in production efficiency and profitability.
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EBook | AI Use Cases for Business Leaders: Realise Value with AI
In the modern business landscape, creating value In today’s marketplace, businesses must meet
extends beyond mere profits. Whether by aiding customer expectations precisely. AI offers a
the medical field in pioneering research and solution, enhancing both marketing and customer
diagnostics, enhancing software development service. For retailers, AI can analyse customer
with AI copilots or guiding retail customers with behaviour and preferences to send targeted,
personalised recommendations, AI is instrumental hyper-personalised product recommendations that
in reshaping industries. It stands as a beacon, can improve sales and strengthen brand loyalty.
driving innovation, fostering sustainable growth Beyond marketing, AI-driven virtual assistants and
and setting the trajectory for businesses in a rapidly call centres are enhancing customer interactions.
evolving marketplace. In healthcare, for example, AI tools can quickly
guide patients to relevant specialists based on their
AI-driven personalisation doesn’t just improve symptoms and medical history. Or in finance, AI
sales; it fundamentally enhances the entire chatbots can direct customers to relevant products
customer experience. From guiding patients to based on the details of their financial situation. By
specialists to directing customers toward suitable integrating AI, businesses can put their customers
financial products, AI ensures that businesses first with both marketing and service.
meet precise customer needs. Beyond this, virtual
assistants and modern call centres – powered by AI
– redefine customer interaction by offering deeper
and more relevant engagements, thus transforming
the landscape of customer service.
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EBook | AI Use Cases for Business Leaders: Realise Value with AI
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EBook | AI Use Cases for Business Leaders: Realise Value with AI
To prepare your organisation to deploy these powerful AI copilot tools, Microsoft recommends taking the
following next steps in your AI journey:
1 Assess the drivers of AI success from Microsoft to realise meaningful business impact.
2 Learn how to power your AI transformation journey with Microsoft and how Microsoft can help
every organisation build safety and responsibility into their AI journeys from the start.
• Boost creativity and work more productively with an early access preview for
Microsoft 365 Copilot.
• Explore how to use Azure AI to power new AI apps or add capabilities to existing apps.
• Start using GitHub Copilot and Microsoft Sales Copilot, now available for individuals
and businesses.
• Check out the latest updates across Microsoft Security, Dynamics 365 and
Microsoft Power Platform.
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EBook | AI Use Cases for Business Leaders: Realise Value with AI
Learn More
Get more information about how you can lead the AI transformation at
Microsoft.com/AI.
Learn how you can use the most trusted AI platform to transform your business at
Microsoft.com/Microsoft-Cloud and Aka.ms/Transform-With-AI.
1
Forrester. ‘Predictions 2023: Artificial Intelligence.’ October 2022. www.forrester.com/report/predictions-2023-artificial-intelligence/RES178186.
2
Forrester. ‘Global AI Software Forecast, 2022.’ September 2022. www.forrester.com/report/global-ai-software-forecast-2022/RES178146.
3
World historical GDP figures source: University of Groningen. ‘Maddison Project Database 2020.’ May 2022.
www.rug.nl/ggdc/historicaldevelopment/maddison/releases/maddison-project-database-2020?lang=en. Licensed under Creative Commons Attribution 4.0
International (CC BY 4.0): https://creativecommons.org/licenses/by/4.0/.
4
Forrester Consulting. ‘The Total Economic Impact™ Of Microsoft Azure AI.’ Commissioned by Microsoft. April 2023.
https://tools.totaleconomicimpact.com/go/microsoft/azureai/index.html?lang=en-us.
5
Microsoft. ‘Leaders look to embrace AI, and high-growth companies are seeing the benefits.’ March 2019.
https://news.microsoft.com/europe/features/leaders-look-to-embrace-ai-and-high-growth-companies-are-seeing-the-benefits/.
6
IBM and Ponemon Institute. ‘Cost of a Data Breach Report 2023.’ July 2023. www.ibm.com/reports/data-breach.
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