Productivity
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Asset Management as a discipline is as old as the hills facing this “fleet” and their horse-back managers. Traditionally asset management has had two points of view – that of the user/operators of the assets and that of the investor/owners of the assets.
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Many technology and operational leaders will read the 2023 US Bank CFO report and say – “Cost control is a nail again and technology is the hammer. Nothing new here.” But this would be a short-sighted read and miss the opportunity to partner with the CFOs to leverage the most impactful technology trend in the past 20 years for equipment finance, AI.
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Recognizing that introducing artificial intelligence (AI) into an organization can be a daunting task, Tamarack has released a whitepaper explaining how AI can be used within the equipment finance industry: “Five steps to organizational transformation in equipment finance using AI” is available for free download at tamarack.ai/whitepapers/.
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Collaboration is expanding and evolving from being a key part of a winning business culture to being the foundation of the business model and design of the technology stack that sustains the business’s competitive advantage. By purposefully designing for collaboration – culture, business model, technology – organizations can exceed customer expectations and realize success not thought possible.
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AI is making employees more productive, companies more competitive, and once again bringing the counterintuitive reality of Jevons Paradox into view.
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