I am talking with many businesses that need help creating tangible ROI from their Generative AI investment. With our most successful customers, we have identified three phases of AI maturity.
Phase One: Modernize your operating model. Optimization is the one everyone gets right away. Every business is challenged with processes supporting “stuff we just do”—low-value-adding tasks that are “how we do business around here.” These are all candidates for process reengineering, but in the meantime, people have to work through them or around them to get anything done. Lydonia uses Generative AI (GenAI) enhanced RPA (Robot Process Automation) and APA (Analytics Process Automation) to automate these routine tasks. GenAI expands the aperture of use cases to include those requiring situation-specific collateral. For example, Generative AI with automation would answer a question and nudge a prospect to take a call or check in on users at risk of churning out. Implementing this work is a no-regrets move, entailing little risk and a high success rate, improving productivity while generating business ROI.
Phase Two: Upgrade your infrastructure model. You will likely start your Phase One journey leveraging embedded GenAI capabilities from RPA/APA platforms, including UiPath, Automation Anywhere, and Alteryx. The efficiency gains and ROI free your people and an investment budget for transforming your business with AI.
Your proprietary data is your differentiator. AI will unlock new opportunities with your proprietary data to create highly trusted output for customer consumption in your support, sales, and marketing functions. Our advanced AI solutions leverage RAG (Retrieval-Augmented Generation) and Retrieval Augmented Fine Tuning (RAFT) architectures to improve the predictability and accuracy of GenAI results more securely. Our advanced GenAI solutions tap into your confidential in-house knowledge stores and authoritative external sources that provide exact output specific to your business. During this phase, Lydonia will help you extend your phase one AI and Automation services to improve the quality of your data, automate data management, and maintain the guard rails on your AI process. At the same time, you are capturing the reusable knowledge gained to transform your business.
Phase Three: Revisit your business model. Sooner rather than later, AI will materially disrupt how business is done in your industry, eliminating old sources of trapped value while creating new ones simultaneously. Your customers will be paying for different things than today. Process reengineering is required to achieve the total new AI-enabled value. The processes automated in phase one will be most straightforward to replace and update. For example, consultancies and legal firms can expect to reengineer their billable hour model, financial services their transaction fee model, and search engines their sponsored-ad model. The larger your enterprise, the more disruptive this is likely to be.
In this phase, Lydonia is helping customers implement AI solutions to create new revenue streams and significantly improve customer experiences. For example, with the foundation of AI-driven automation and data management, our insurance and banking customers are implementing customized policy and proactive loan solutions and offering them when their customers need them most, leading to increased customer satisfaction and loyalty.
Lydonia Pragmatic AI Journey includes three strategic phases for successful AI implementation. In Phase One, we optimize operational models by integrating AI-powered automation into processes, enhancing efficiency and reducing costs. Phase Two focuses on unlocking new value through data insights and customer engagement, driving growth and innovation. Finally, in Phase Three, we revisit business models, fully integrating AI solutions to accelerate competitive advantage. As your partner, Lydonia pragmatically navigates this complex landscape, ensuring tangible results and sustained success. I’d love to hear about your AI journey experiences.