Franziska Link, Robin Schlenga

November 27, 2023

Overcoming uncertainty and unlocking new business opportunities with AI

AI technologies like ChatGPT are expected to radically change the way we work. But what does it mean for your business, and how can you make the most of this transformative technology? This article helps you understand the potential of artificial intelligence and provides practical guidance on how to navigate and where to start.

AI has the potential to disrupt business models, achieve higher productivity, reduce costs, and create new value.

Last year, the world was taken by storm when the public could interact with artificial intelligence in a humanlike conversation following the launch of ChatGPT.

This has naturally created a buzz in the business environment and initiated discussions in organisations about how to leverage the technology to potentially disrupt their business models, achieve higher productivity, reduce costs, or develop new ways of creating value.

Companies that react quickly to the changing commercial landscape and learn how to harness the power of AI can generate significant benefits for their business.

While many companies have discussed the potential gains of using AI in their daily work, only a few companies have taken real action. In this article, we help you focus your efforts and offer advice on what steps to take so that your organisation can move beyond the hype and start working with AI.

AI disrupts key business areas

We have identified three areas that need immediate attention from most organisations:

1. Client expectations:

Many clients and customers will undergo a phase of irritation and insecurity and will therefore require guidance in this area. They will most likely be polarized into groups that are enthusiastic and groups that are resistant towards the new ways of working with AI.

Make sure to understand the implications for all your different clients by staying in close contact and developing some early-stage project ideas that will strengthen your relationships.

2. Ways of working:

Companies face a revolution in their ways of working due to AI and will have to find out how to react and leverage this development. It is pivotal for companies to understand the impact of AI on knowledge management, productivity, and text production, as these are some of the areas that could look markedly different in the near future.

3. New risks:

It is crucial to build a broad understanding of AI risks to be able to mitigate them. This applies to both the AI developers and the AI users. Accountability frameworks, regular assessments and ethical guidelines must be in place and should be in accordance with regulation in the field like the upcoming EU AI Act.

The benefits of implementing AI

Many internal processes – from document analysis to knowledge management – will benefit from the use of AI tools. This will lead to potentially large boosts in productivity and companies should find ways to turn this into real business value.

Companies that are early-adopters of AI will likely experience a lift to their employer brand as they will be perceived as first movers and an innovative place to work. This will attract younger talent in particular. A potential reduction in mundane tasks might also lead to a more interesting workday, which could help retain existing employees.

Prepare your organisation for AI

To prepare your organisation for working with AI, there are three main business areas that should be considered:

2. People & structures

In most organisations, uncoordinated initiatives around ChatGPT and other generative AI tools have already started. But to put some structure around the use, there is a need to establish proper knowledge sharing, allowing members of the organisation to learn from each other's experiences. Also vital, is a clear process around identifying, evaluating, and incubating new ideas and feeding them into an innovation pipeline.

3. Processes & transformation

With AI tools starting to be at the disposal of most employees, it is necessary to test potential productivity increases and rethink business models. Having a strong IT change initiative around the introduction of tools like Microsoft’s Co-pilot will likely help the workforce reach a high level of expertise quickly.

We recognise that much confusion and uncertainty still exist, but we find that the best approach is to get your hands dirty and learn as you go.

Robin Schlenga
Head of Centre of Excellence Data Science & AI

The actions you can take right now

Secondly, we strongly advise reaching out to your clients to enquire about their AI expectations. In doing this, you would want to be open for co-creation opportunities. It is our experience that you can actually strengthen your relationship with your clients by jointly exploring shared opportunities and uncertainties and in this combe your organisational, technological and domain expertise. Also, make sure to find potential use cases for collaboration to generate value for all parties.

Lastly, you must assess your organisation’s readiness and define your ambition around AI at the earliest possible stage. Your technical data management and your people skills and mindset need to be up to the task of implementing AI. Defining a realistic but ambitious mid-term goal for your AI efforts will help avoid long-term moon-shots based on a technology that is constantly evolving.This technology, more than anything, takes a structured organisational learning approach with sandboxes for trial and error.

How Ramboll can help you

Combining the expertise of data scientists, strategy consultants, enterprise architects, and software developers, plus extensive industry insights, Ramboll is ready to help your organisation navigate in this transformative technological landscape. Let’s have a chat about how we can help your organisation deliver sustainable data-driven solutions to your challenges.

To unlock your full potential, Ramboll’s services span the entire data value chain.

Want to know more?

  • Robin Schlenga

    Head of Centre of Excellence Data Science & AI

    +49 1525 3210484

  • Franziska Link

    Lead Data Consultant

    +49 172 9615014