NetSuite, one of the world’s leading integrated cloud business software systems, today announced a series of exciting innovations and AI advancements to help businesses increase efficiency and spearhead growth. Oracle NetSuite’s EMEA senior vice president, Nicky Tozer, took to the stage at SuiteConnect in London on Wednesday to speak about an optimistic economic outlook for businesses – but said there is still uncertainty looming ahead. “Inflation rates are declining to a near normal rate, and customer sentiment is becoming more positive as well,” Tozer said. “We’re also seeing anticipated gro ..read more

The word artificial intelligence, better known as AI, has become the newest lingo in the world of business. Piers Linney, former BBC’s Dragon Den, co-founder of Implement AI, Elena Sinel, Founder of Teens in AI, Erika Brodnock MBE, founder and CEO of Kinhub and McVal Osbourne, co-founder of The Future Communicator, took to the stage at Elite Business Live 2024 for the Digital Transformation panel as they discussed the pros of using AI in your business – and the potential risks involved.  We often hear misconceptions about AI, from what it is to what it can do. What are the common misunder ..read more

Getting these operations right is crucial if you want your AI implementation to be successful in the long term. The larger and more accurate your pool of data, the better your AI outputs and analyses will be. Creating a comprehensive infrastructure is essential to ensuring you’re collecting accurate data, storing it compliantly and processing it in such ways that AI systems are empowered to deliver useful information, insights and predictions. A strong data infrastructure enables businesses to harness the power of AI and make data-driven decisions, move more quickly than the competition and ga ..read more

How can SMEs effectively implement AI in their business? What are the steps to choosing the right AI solution for your company? The first day of the Elite Business Live 2024 saw hundreds of attendees in the audience as former Dragon Den Piers Linney took to the stage for the Digital Transformation keynote. Piers Linney, a serial entrepreneur and co-founder of Implement AI, spoke about the advantages of using artificial intelligence in your business – and why AI is here to stay. Piers described AI as a ‘future’ in the way businesses will run. Companies will transform into AI-assisted organisati ..read more

The dawn of digital darwinism Artificial intelligence (AI) promises unprecedented opportunities, yet also poses existential threats for companies unable to adapt. Recent research shows that willingness to adopt AI could determine future success more than any technology to date – potentially spurring a new wave of Digital Darwinism. Many iconic brands from Blockbuster, Kodak to Sears have witnessed the perils of missing technology shifts. Now AI is poised to exponentially widen the divide between digital leaders and analogue laggards, still hampered by apprehension driving hesitancy around its ..read more

In 1941, Alan Turing penned an academic paper where he conceptualised ‘Machine Intelligence’ and its impact on society. This paper is now lost, but it is recognised as one of the first steps towards Artificial Intelligence. Over the last 80 years, we have made considerable progress and some of the ideas are quite remarkable. But, as with much of life, the most impactful benefits are probably the ones we tend to ignore on first glance. Introducing AI assistants Microsoft research suggests 68% of employees don’t have enough uninterrupted focus time. Instead of making your business more money, yo ..read more

While many are looking ahead to the fresh opportunity that a new year brings, business growth may be harder to find in 2024. Instead, with elevated interest rates and higher energy prices on the horizon, the majority of businesses will be looking to create new ways to be efficient and extract maximum value from every pound spent. Linked to this increasing drive for efficiency is the rise of Artificial Intelligence (AI). After hitting the mainstream last year, growing businesses are looking at how AI can help them automate, gain new strategic insights, and supercharge their operations. Here are ..read more

Following speculation that AI could replace 300 million jobs, it is understandable that employees are apprehensive about this technology. However, combining AI and the human touch will be paramount in 2024 as innovation shifts to implementation.  Additionally, as an increasing number of businesses look to leverage AI and automation tools,  employees’ skills need to adapt to this shift. Over two-thirds (66%) of Gen Z and millennials – the emerging and existing workforce – agree that they need to update their skill sets to maintain a competitive edge in today’s job market.  Below ..read more

Yet, data hygiene falls by the wayside for many companies, compromising data quality at scale. This is thanks to the sheer scale of information housed by companies, and the fact that humans are largely responsible for its capture and storage. According to research conducted by Gartner, 40% of company data is inaccurate and incomplete. Inaccurate or incomplete data can at worst lead to flawed analysis, lost revenue and even regulatory penalties. The old adage holds true – garbage in means garbage out. That’s where data hygiene comes in. It’s a critical practice for business decisions which ..read more

But for the first time in history, anyone with an internet connection and keyboard can harness this technology. AI-powered tools – like OpenAI’s ChatGPT – have well and truly captured the public’s attention.  Small businesses are waking up to the increased accessibility of AI; its implication on their processes – and the economy at large – cannot be understated. Xero’s research revealed that nearly two-thirds of small businesses (64%) believe emerging technologies such as AI will have an impact on their business in the next five years.  In 2024 and beyond,four factors will underpin t ..read more