Enterprises using AI as returns outweigh costs: Snowflake executive

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There is no shortage of demand in AI as enterprises see return on investments by increasing productivity, reducing cost and automating more things even amid tough macroeconomic conditions, said Baris Gultekin, head of AI at Snowflake.This also comes at the back increasing return on investments their customers are seeing. According to a recent report from Snowflake, for every dollar spent on AI, there is a 45% return on the investment.“We are seeing a lot of productivity gains. Ability to do things that used to take a long time is now possible….



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Enterprises using AI as returns outweigh costs: Snowflake executive


There is no shortage of demand in AI as enterprises see return on investments by increasing productivity, reducing cost and automating more things even amid tough macroeconomic conditions, said Baris Gultekin, head of AI at Snowflake.This also comes at the back increasing return on investments their customers are seeing. According to a recent report from Snowflake, for every dollar spent on AI, there is a 45% return on the investment.“We are seeing a lot of productivity gains. Ability to do things that used to take a long time is now possible….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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