DUBAI, United Arab Emirates, June 19, 2017 /PRNewswire/ -- Kinetic Consulting Services, the leading boutique consulting company for business strategy and transformation released a new guide for CEOs and Board Directors on the importance of artificial intelligence in their business.
The guide is designed to educate and raise awareness of the important role artificial intelligence is likely to have on corporate governance. The report makes the correlation between the primary fiduciary duty of CEOs and Board Directors, and the value offerings of A.I. software. The key obligation of CEOs and Directors is to ensure shareholder value is retained and the stock price increases in line with forecast results. The report argues that these obligations will not be met in the future, if the organisation does not have an A.I. strategy or cannot demonstrate the use of the software in both the operational area of the business and in forecast reporting.
"Unlike other software, A.I. specifically addresses the key areas of risk in the organisation that determine company valuations and stock price. The reduction of risk must be a key concern for CEOs and Directors, to enable them to meet their fiduciary obligations. Companies able to demonstrate the removal of human bias in their forecasts, and the application of A.I. in order to reduce wastage in their operations, will be preferred for investment over those without any use of A.I.," said Joe Tawfik, CEO of Kinetic Consulting Services.
Artificial Intelligence is deemed a disruptive technology because it offers organisations multiple options for transforming the customer experience and business models. The guide provides CEOs and Directors with examples of how A.I. is being used by different industry sectors to create new value offerings. These examples demonstrate how A.I. is integral in creating better performing businesses.
The cognitive capabilities of A.I. offer organisations the ability to make better decisions in almost all aspects of the business. These are the types of decisions that currently lead to variances in forecast performance and poor shareholder expectations. Once the investment community realises the value of businesses operated with the assistance of A.I, then A.I. usage will become a new standard in evaluation. Companies are urged to take affirmative action by reviewing their A.I. strategy to ensure they are meeting their long-term fiduciary obligations.
The future of good corporate governance must include a strategy that incorporates the use of A.I. to meet or exceed company objectives, leading to an increased shareholder value.
About Kinetic Consulting Services:
Kinetic Consulting Services is a boutique management consulting company providing services in a broad range of disciplines to commercial and government organisations. The company has offices in Dubai and Sydney Australia. The key area of expertise is strategy and business transformation. The company's focus is to help clients accelerate, optimise and transform their organisations better and faster.
For more information, please contact:
U.A.E.: +971 4455 8410
Australia: 1300 780 556
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SOURCE Kinetic Consulting Services