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ABOUT RICE

Incorporated in 2014, RICE Consultancy Pte Ltd is a boutique Business Growth Consultancy specialising in end-to-end growth solutions that help business owners build their businesses for greater success, with achievable results.
Since 2018, RICE has double-downed on its origins and reconnected with its core belief: the growth mindset. The RICE of today is a business consultancy driven by the pursuit of growth in all its forms.
Since 2018, RICE has double-downed on its origins and reconnected with its core belief: the growth mindset. The RICE of today is a business consultancy driven by the pursuit of growth in all its forms.
At RICE, we believe wholeheartedly in continuous progress, across all aspects of life. Whether we are brainstorming for ideas, communicating with clients, or simply having a chat in our office, we live and breathe this philosophy. Opportunities to learn and areas to improve stand out to us as room for growth. We are instantly attracted by such potential, because it gives us sustenance to make ourselves and others flourish.
We strive to bring this passion for growth to the business world, where the landscape is constantly in flux and every little step forward matters even more. Our aim is to help individuals and organisations bloom into their full potential, harvest great returns, make more space to grow and keep the cycle going. That’s why we make continuous development and dynamism the key pillars of our work. That’s why we take great leaps with people who share our growth passion.
Within our team, growth endeavours mean a journey towards being better contributors in a synchronised, holistic unit. Taking an outward approach, they represent significant breakthroughs for our clients, meaningful change-making with our partners, and wider horizons for the next generation. We make every result count. Change old world mindsets. Build inspirational cultures. Cultivate the new business paradigm. We are RICE — harvesting real growth. After working on more than 100 projects for a wonderfully diverse clientele — from Capelle Academy, Singapore Red Cross and Enercov to Rainforest Education Centre, KTC Construction and SKINFOOD, we can’t help but look forward to becoming a trusted Business Growth Partner for the next purpose-driven company we meet.
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31Aug2018
Posted by RICE Consultancy In Blog,Business Resources 0 comment

How AI Is The Golden Ticket To Operational Excellence

Stay ahead of the crowd, ensure your business is running at operational excellence.

This concept, also known as “OpEx”, involves streamlining and speeding up operational processes, bringing merits such as lower risk, lower costs and increased revenues. All great news for both customers and shareholders of the company.

And the rise of Artificial Intelligence (AI) has certainly paved the way for a new game plan – using AI to ensure operational excellence. According to Adobe, 15% of enterprises are already using AI today, with 31% expected to add it by the end of 2018.

So, don’t miss out on this golden ticket! Here are some ways that AI can help fast-track your journey to operational excellence.

 

Data made better

If AI can do anything, it’s improving data analytics. Machine learning has enabled this for companies. Companies simply input a preset algorithm and the machines do all the work: analysing large sets of data and making predictions of future trends.

Since they are objective and precise, AI systems are also free of bias and are able to give companies qualitative data that they can benefit from.

[Image: https://unsplash.com/photos/hpjSkU2UYSU]
Deep learning has also allowed machines to establish the relationship between two variables, and can certainly play an integral role in operations. With all this knowledge of data, you can determine what works for your business and what doesn’t, giving you a clear direction to steer your business towards.

 

Real-time decisions

AI is all about speed. And in the business world, it’s all about fastest fingers first. With AI in the picture, you can say goodbye to board meetings and fussing over the smallest of business decisions. These traditional systems are a thing of the past. AI has empowered companies with the ability to make real-time decisions and deliver real-time data to their customers.

[Image: https://unsplash.com/photos/lPQIndZz8Mo]
Think Uber: everything from their arrival times for rides to their optimal pickup locations is determined by AI. And the less manual work you do, the closer you are to operational excellence.

 

From losses to gains

Machine learning helps you spot mistakes in your practices. And this includes highlighting areas where your company is making a loss.

A whopping $62 billion is lost every year due to poor customer service in the US alone. With the correct AI systems in place, you can turn your losses into gains and work on improving areas of your company that might be in a slump.

 

In summary, AI has parts to play in both demand and supply aspects. It can determine what audiences want, and streamline supply chain operations to make them as perfect and well-oiled as possible.

This might all sound like science fiction, but the future has come. AI is here, and it’s time to embrace it!

 

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