AI has significantly changed the way businesses operate in the digital space. Many companies are now turning to artificial intelligence (AI) to optimize their operations, and those that are doing so are reaping numerous benefits. AI can be used to make operations more efficient and cost-effective. It can also enable predictive analytics to help businesses understand customer trends and behaviors. With this insight, businesses can tailor their products and services to better meet customer needs. These are just some of the ways AI is helping companies optimize their operations.
To illustrate the potential of AI, let’s take a look at some of the companies that are benefitting from this technology. Gregg Fisher founded the Quent Capital which specializes in global small-cap growth stocks. With over 30 years of experience in the investment business and more than $1 billion in assets under management, Fisher believes AI gives companies an edge. He is on the hunt for innovative businesses that can grow their margins and revenues relatively quickly. He looks for factors such as culture, brand, and the ability to innovate in addition to traditional fundamentals. He recently shared some of the brands he is most excited about in this space.
Sprinklr is a software provider for customer service management with AI features. It deploys conversational chatbots and self-optimizing workflows.
Healthcare is also using AI to optimise operations. Butterfly Network provides portable ultrasound machines and harnesses data to help diagnose future images. Nano-X Imaging provides digital x-rays, with AI to identify asymptomatic undetected chronic diseases.
Toast is a cloud-based restaurant management software with AI capabilities. It tracks behaviour to help determine supplies needed and creates an efficient operation, eliminating food waste and unnecessary expenses. Similarly, Domino’s Pizza leverages AI to better understand customers.
Bill Holdings provides a software similar to QuickBooks. It uses AI to track and pay bills more efficiently by automating payments. Pickle Robot is a private company and a supplier of AI-enabled robotic automation systems.
Deere & Company is a manufacturer of agricultural machinery that has made a strategic investment in AI by purchasing Blue River Technology. Blue River utilizes AI to create machines that can differentiate weeds from crop plants.
Finally, Symbotic builds and operates automated warehouse systems with AI software.
Gregg Fisher is an experienced fund manager with an impressive portfolio. With over 30 years in the industry, he helps investors make informed decisions by bringing his decades of knowledge and insights to the table. He performs extensive due diligence and understands the need to go beyond traditional fundamentals to spot emerging high performers. He believes that a company’s greatest asset is their data, and encourages investors to focus on companies leveraging AI to optimize their operations.
