Cortex Logic’s Jacques Ludik on the latest AI trends your business should know

Artificial Intelligence (AI) and the fourth industrial revolution are no longer futuristic concepts; they are here with us today, revolutionizing the business landscape. In a recent interview with CNBC Africa, Jacques Ludik, the founder of Cortex Logic, shed light on the incredible opportunities that AI presents for businesses in the Smart Technology era. Ludik emphasized the exponential growth of data generation and the untapped potential for businesses to extract value from both structured and unstructured data. He highlighted the importance of leveraging data to enhance business efficiency, increase revenues, and drive growth. Ludik's message to business leaders was clear: in the era of smart technology, unlocking data and harnessing AI capabilities are crucial for thriving in a rapidly evolving market. One of the key takeaways from Ludik's insights is the need for businesses to focus on creating value for both their organizations and customers. He emphasized the importance of identifying low-hanging fruits, such as improving production efficiency, reducing costs, and enhancing yields. By aligning AI initiatives with key business drivers and implementing a realistic framework, businesses can achieve tangible results and build trust in the efficacy of AI solutions. Cortex Logic's approach to working with diverse sectors, including mining, banking, health, insurance, communications, and retail, underscores the versatility and applicability of AI across industries. Ludik also touched on the growing global trend of governments viewing the fourth industrial revolution as a national priority. While acknowledging the government's efforts to promote the adoption of AI, Ludik emphasized the need for more tangible steps, such as investments in infrastructure and skills development. In the interview, Ludik highlighted the importance of collaboration between the public and private sectors to drive AI adoption and innovation. He encouraged governments to adopt a strategic approach to implementing AI initiatives, focusing on quick wins and sustainable frameworks. By engaging with stakeholders and leveraging AI as a transformative tool, governments can harness the full potential of the fourth industrial revolution and drive economic growth. As businesses and governments navigate the complexities of the Smart Technology era, Cortex Logic's mission remains clear: to empower organizations with AI-driven solutions that unlock value, drive growth, and shape the future of business. With a focus on practical implementation, strategic alignment, and continuous innovation, Cortex Logic is at the forefront of the AI revolution, transforming industries and driving sustainable growth in a rapidly evolving digital landscape.