AI & CoE

Abstract

Artificial Intelligence or AI is being positioned as the panacea for all organizational problems; while Centre of Excellence or CoE, which is distinctly different from Research and Development activities helps organizations in their pursuit of higher revenue and profit. In this paper, the researchers have analysed the growth and importance of each of these two concepts–AI and the CoE; and have worked towards putting them together for creating a unique combination which shall benefit the organizations and hence the economy at large. In the process, a framework is provided for companies to improve, innovate, optimize, and eventually automate their management systems while making the core-competencies of their business AI proof. It is hoped that through this framework, organizations will be able to create a substantial impact by improving existing capabilities and actively creating new strategic resources in the interest of all the stakeholders.