TeamSystem invests 250 million in artificial intelligence
The aim is to give a strong impetus to the development of AI tool-based solutions, to make this technology increasingly pervasive and integrated
2' min read
2' min read
TeamSystem has announced a 250 million euro investment in Artificial Intelligence. The Italian tech company that develops digital solutions for the business management of companies and professionals has updated its R&D roadmap for the next five years.
Presented during the TeamSystem Tech Conference 2024, the announcement of the dedicated investment in AI comes on the heels of the EUR 1 billion R&D and Open Innovation plan launched last year.
The aim of the investment is to give a strong impetus to the development of solutions based on AI tools, to make this technology increasingly pervasive and integrated in all TeamSystem product suites, thus helping to spread its benefits among all its customers. Already today, in fact, many TeamSystem customers use the Group's AI-based solutions; thanks to this plan, by the end of 2024 at least 80% of TeamSystem customers will have an AI use case.
According to a recent survey commissioned by TeamSystem from Kantar, 67 per cent of companies believe that AI will be an important enabler in the near future and already for 55 per cent of those surveyed, it is a key element for future business success.
According to the research, moreover, the main benefits that companies expect to find in the use of AI (and that would be able to drive new investments in this technology on their part) are: reducing errors (72%), simplifying processes (68%), increasing productivity and efficiency (67%), simplifying data analysis (62%) and freeing up time for other more value-added activities (60%). Central for the respondents remains the need for AI to be well regulated (82%) and for it always to be controlled by a human being in its operation/output (69%).
