November 15, 2024 | In the News: Company, AI, Data Quality Management, Data Integration
Kore Technologies’ CEO, Jameel Francis, recently collaborated with Forbes Technology Council on a recent article titled: “Why 85% Of Your AI Models May Fail”. Read the beginning of the article below or click here to read the full article on Forbes.
Artificial intelligence (AI) has captured the attention of the world. It promises to transform healthcare, spur economic growth and supercharge innovation. However, the full promise and capabilities of AI are in their infancy stage. Over time, AI could revolutionize all major industries and capital markets in a similar fashion to how the Industrial Revolution propelled urbanization, capitalism, innovation and corporate structures starting in the 1760s.
For supply chain organizations—particularly those in distribution, manufacturing, logistics and MRO industries—AI is expected to help expand the circular economy, enhance product delivery, improve profit margins and reduce market risks.
Yet as mighty as AI is predicted to become, achieving the expected benefits will be impossible without data quality. According to Gartner (via VentureBeat), 85% of all AI models/projects fail because of poor data quality or little to no relevant data.
About Kore Tech
Kore Tech (“Kore”) is an innovative software firm based in California, dedicated to serving manufacturers, distributors, and other regulated industries since 1999. Kore provides a comprehensive suite of tools designed to digitally transform your organization to drive growth and profitability. Our mission-critical solutions eliminate manual tasks, streamline sales ordering and management, and integrate disparate data to enable advanced analytics and artificial intelligence (AI).
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