The perks of AI-solutions implementation

In this interview for Dagens Industri, Kocha Boshku, Seavus CEO and Magnus Andersson, Division Manager of the DNA Division talk about the perks of implementing AI-solutions and the long-term implications of having an AI member of the team. Read more about our penetration in the Scandinavian market and future endeavours in AI development.

"With AI, work processes can be speeded up, inaccuracies detected and monotonous tasks phased out. AI is much more effective than people when it comes to finding relationships in large amounts of data. This means that there are great opportunities in our AI-developments” says Magnus Andersson, Division Manager at Seavus in Stockholm.

AI can be described as a way of programming computers so that they understand and solve problems on their own, rather than through precise instructions. It is done by telling the system what to achieve instead of how it should achieve it. Then you train the system in order to improve it, much like you do with employees.

The consulting and software development company Seavus has in recent years developed its own AI solution, DoAI, with several application areas.

In one case, a customer's database would be updated and restructured once a year. Previously, five project employees were required for a few months to perform monotonous work. This is where Seavus stepped in and prepared an AI solution.

"With our platform, the big update is performed overnight and then also continued over the year. Now, the customer saves on time, money and human resources", says Magnus Andersson.

He explains that an AI system for some tasks is much more effective than a human being. "An AI system is extremely powerful and can keep track of significantly more things at the same time", he says.

In the logistics industry, AI can be used to provide faster and better results and to avoid incorrect orders and deliveries. "The more data is collected, the better the AI system learns to draw conclusions. It saves working hours and eliminates errors", says Magnus.

Kocha Boshku is CEO of Seavus Group. He predicts that AI will lead to a paradigm shift, as did the industrialization of the 19th century. "It will develop very fast when it will take off", he says.

Scandinavia is an interesting market to work on and test new AI solutions because the digitization there has come a long way. Kocha Boshku believes that AI will lead to the rich and developed part of the world to transfer their lead to less developed countries. "I think the developed world will suffer from major cutbacks that can't be avoided. But it is the boring and monotonous work that will disappear", he says and continues:

"In Scandinavia, you will benefit from AI because people won't be bored with manual tasks and do more intellectually challenging work instead. But what will happen in a country like China where millions of people work in the industry?"

There is already a shortage of competent personnel to develop AI systems. Seavus, in recent years, however, merged with several smaller Swedish consulting companies. "We get their skills and they get our strength. Together, it is a win-win solution", he says.

Now, Seavus is planning to double its sales in Scandinavia over the next three years. "We have made major investments over the past few years, but this year, in 2019, I believe that we will start to reap great success," concludes Kocha Boshku.

This article was developed in collaboration with Dagens Industri. It was originally published in Swedish.