Democratization of AI Will Speed Up the Digital Transformation

Hi, my name is Jerry aviad, I am the co-founder and CMO of standard insights. 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 for reasons. Number one, democratization of AI now AI tools are available to readily available to companies large and small. Number two, increased labor costs. In the near future, we're probably going to see a more than doubling of the minimum wage. Number three, hedging against inflation. The US 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. Wanted to read a powerful quote in this book, competing in the age of AI. Every the author state, every organization should get to work. Now to digitize instructions, processes, systems and capabilities to accelerate operational scale, scope and learning, there's no longer any rationale for waiting. It doesn't matter if your organization is new or old. Ultimately, if the virus doesn't get you, your competitors will. So embrace digital transformation. Thanks for listening.