Democratization of AI Will Speed Up the Digital Transformation

 

Jerry Abiog is Co-founder and CMO of Standard Insights, and he shared his thoughts on the future of food and beverage and digital transformation.

“So, what I see going on in the future in the world of the food and beverage industry is the acceleration of digital transformation as the world comes out of COVID. No. 1, democratization of AI. Now, AI tools are readily available to companies large and small. No. 2, increased labor costs. In the near future, we’re probably going to see a more than doubling of the minimum wage. No. 3, hedging against inflation. The U.S. government has recently printed over $3 trillion to combat the negative effects of COVID and, for increased competition, this could be locally, nationally or internationally.

And, now, I think businesses have come to realize the importance of being data-driven to help their businesses drive both top and bottom-line growth. And the only way to do this is to embrace digital transformation.

Ultimately, if the virus doesn’t get you, your competitors will. So, embrace digital transformation.”

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Latest

AV industry supply chain
Insights on the status of the AV Industry Supply Chain
December 11, 2023

In a time when the AV industry supply chain faces unprecedented challenges, understanding its current status and future trajectory is crucial. In this week’s segment of “Dear Matt,” presented by Vistacom, host Matt Boyer, the Director of Technology at Vistacom, brings his over 30 years of experience in the audiovisual industry to the status […]

Read More
empowering futures
Empowering Futures: How FoodCorps is Revolutionizing Education and Community Well-being through Food
December 11, 2023

Curt Ellis and Rob Harvey, co-CEOs of FoodCorps, are at the forefront of a transformative movement in school food education. They are focused on empowering futures through their innovative approach. Their mission intertwines the essential elements of health, joy, and empowerment, fundamentally recognizing the role of food not only as sustenance but as a […]

Read More
healthcare startups
Healthcare Startups Need More Than Innovation
December 11, 2023

Healthcare startups need more than innovation; they require dynamic leaders willing to take these endeavors beyond the ordinary into uncharted waters to generate unparalleled success and lead the industry forward. In the latest episode of The Healthcare Rethink Podcast, host Brian Urban sits down with multifaceted healthcare leader Jonathan Baktari, MD, CEO of eNational […]

Read More