AI Innovators with Big Data Expertise Leading the Clan of Most Innovative Companies, Says BCG

Boston Consulting Group (BCG) report reveals that the companies including Alphabet/Google have outshined Apple in gaining dominance in the list of most innovative companies. The report also said that significant AI innovators are expected to be three times more big data expertise than any other. Debutants T-Mobile, Dow DuPont, Vale, Stryker, and Rio Tonto also joined the list of top 50 most innovative companies this year. Additionally, Adidas, SAP, and Philips made a great jump in terms of ranking from position 35 to 10, 42 to 28 and 49 to 29 respectively.

BCG report “The Most Innovative Companies 2019: The Rise of AI, Platforms, and Ecosystems provides an insight into increasing importance of AI and tech platforms in promoting innovation.

The survey explains how artificial intelligence’s employment is rising at a quick pace and organizations are collaborating with it to gauge up their efforts in business growth. Let’s take a look at the main highlights of the detailed insight provided by BCG over most innovative companies of 2019:

• Renowned companies including Alphabet/Google, Amazon, Apple and Microsoft are actively creating and offering AI-based applications and solutions to enable the organizations to enhance their customer experience, revenue generation, business model creation with a competitive edge. Especially, Alphabet/Google has construed its approach as ‘An I First’ company delving deep into creating an AI-driven innovative culture at the workplace.

• The survey discovered that the most advanced organizations employing AI currently, are succeeding at better customer experience development, creating business models with accuracy and also promoting their AI contribution in streamlining internal processes. Around 19.2 percent of companies claim that they are better than the average AI innovators.

• Aforementioned, strong AI innovators are expected to have deep expertise in data analytics than any other enterprise. Organizations that have ventured into the league and claim to have improved customer experience and streamlined process by the virtue of AI are two times more likely to adapt to new technologies with quick-ease. Additionally, 65 percent of such companies are likely to be active in aiming at those technology platforms that gauge up their AI initiative and futuristic strategies.

• The four areas which make an organization an AI-innovator are – Big data analytics, fast technology adoption, digital outlook and design, and tech-centric platforms.