AI ROI Calculator offers forecasts for data-driven decisions, says Findability Sciences VP Mandar

Mumbai-based Findability Sciences' AI-powered ROI Calculator is useful for many as it is an advanced tool, which meticulously analyses booking trends, seasonality, and passenger preferences for airlines to provide precise predictions of traveller numbers for each flight. By leveraging these insights, a company can tailor its food production accurately to match actual demand. AI forecasting led to a substantial reduction in food wastage and notable cost savings in procurement and logistics. Aligning meal production with real-time demand not only helps in improving operational efficiency but also significantly reduces environmental impact. This success story underscores the transformative power of Findability Sciences' AI-powered ROI Calculator in optimising resource management, enhancing sustainability, and driving financial performance in the airline food supply industry, Mandar Kulkarni, Vice President (VP), Findability Sciences, tells Bizz Buzz in a interview

How is it beneficial and to what segments? How is India placed in this field vis-a-vis the rest of the world?

The GenAI-powered AI ROI Calculator offers immense benefits across diverse sectors. By delivering tailored analysis, comprehensive metrics and a user-friendly interface, helps businesses accurately predict cost savings, efficiency gains, and revenue impacts and proper inventory management.

India, with its burgeoning IT and AI sectors, is exceptionally well-placed in the global AI landscape. The country's tech ecosystem is rapidly adopting AI-driven solutions, with significant advancements in AI applications. Currently, India's AI adoption stands at a substantial value, with projections indicating a fivefold increase over the next five years. This growth is fuelled by investments in AI research, a large talent pool, and increasing adoption across industries. As Indian enterprises continue to integrate AI into their operations, the country is set to become a leading hub for AI innovation and application, significantly enhancing its competitive edge globally.

In the Indian market, AI adoption is experiencing rapid acceleration. The AI market in India is projected to reach $10.4 billion by 2024 and grow to $85 billion by 2030, representing a CAGR of 35.4 per cent. This growth is supported by a robust IT sector, government initiatives promoting AI development, and increasing enterprise adoption across industries. India's expanding talent pool and substantial investments in AI research and development position it as a prominent global center for AI innovation and application. In conclusion, the AI market demonstrates substantial potential, with projections underscoring the transformative impact of AI technologies on global industries over the coming decade.

Explain about the recently launched GenAI-powered AI ROI Calculator

Findability Sciences has launched a revolutionary AI ROI Calculator powered by GenAI, engineered to evaluate return on investment across various industries. This cutting-edge tool meticulously analyses one's existing processes from problem statements to operational expenses and resource allocation. By modeling how AI solutions can optimise these processes, it empowers decision-makers to predict cost savings and revenue increases with precision. Featuring a user-friendly Q&A interface, it simplifies data input, making it accessible to non-technical users. The ROI Calculator offers customised analysis tailored to the unique needs of one's business, evaluating a comprehensive range of financial indicators, including cost savings, efficiency gains and revenue impacts. This proactive approach provides a crystal-clear forecast of the financial benefits of AI investments before resource allocation, facilitating informed decision-making and strategic planning.

Our message to interested companies to leverage our flagship products, Enterprise Forecasting (EF) and Business Process Co-Pilots (BPC), to harness the power of predictive analytics and AI-driven automation. The results will be accurate forecasts, streamlined operations and enhanced productivity to focus on strategic growth initiatives. We spread the word to experience the transformative potential of AI with Findability Sciences's GenAI-powered ROI Calculator and drive one's enterprise towards unparalleled innovation and efficiency.

What is a GenAI-powered AI ROI calculator?

Our GenAI-powered ROI Calculator is one's keys to unlocking the full potential of AI in his/her enterprise. This groundbreaking tool combines advanced predictive, interpretive, and generative algorithms to analyse current operations, implementation costs, and potential savings. It assures benefits like accurate forecasts for data-driven decisions, streamlined operations and enhanced productivity and visualise tangible benefits and ROI from AI investments.

What makes this calculator significant, especially for enterprises?

The GenAI-powered AI ROI Calculator is a game-changer for enterprises, across all sectors and especially in high-cost and uncertain ROI sectors like manufacturing, retail, pharmaceuticals and airlines. This innovative tool translates complex AI implementations into clear financial metrics tailored to each business's unique needs. In manufacturing, it enhances inventory planning and forecasting accuracy, reduces stock-outs, and optimises SKU management across multiple locations.

By offering precise ROI estimates and intuitive visualisations, the ROI Calculator empowers businesses to make informed decisions about integrating AI and digital technologies. This is crucial for sectors like pharmaceuticals, where the tool can predict cost savings and revenue increases, streamline regulatory assessments, and speed up time-to-market for new drugs. Airlines can benefit from improved operational efficiency and reduced wastage through better demand forecasting.

The user-friendly interface simplifies data input, making the tool accessible to non-technical users and ensuring broad adoption. Overall, the GenAI-powered AI ROI Calculator provides a proactive approach to financial assessment, helping decision-makers visualise the tangible benefits of AI investments before allocating resources, ultimately driving strategic growth and innovation in their enterprises.

Are there similar offerings available in the market?

Findability Sciences prides itself for its innovation culture , winning Fortune Magazine's Most Innovative Companies in the US for two consecutive years. Our GenAI-powered AI ROI Calculator exemplifies this innovative culture by offering unparalleled flexibility and industry-specific adaptability in AI ROI calculation. Unlike any other offering in the market, this tool dynamically adjusts to the unique needs of various industries, providing real-time data analysis that translates complex AI implementations into clear financial metrics.

This is especially crucial for high-cost sectors like pharmaceuticals and airlines, where precise ROI estimates and intuitive visualisations empower businesses to make informed decisions about integrating AI and digital technologies. The ROI Calculator features include customised analysis tailored to each business, comprehensive metrics that evaluate cost savings, efficiency gains, and revenue impacts, and a user-friendly interface that simplifies data input for non-technical users. In manufacturing, it enhances inventory planning, forecasting accuracy, reduces stock-outs, and optimises SKU management across locations.

How does this tool benefit customers? Can you share real-life examples?

The GenAI-powered AI ROI Calculator from us delivers data-driven insights that enable businesses across various sectors to anticipate operational improvements and confidently assess potential financial returns. This innovative tool has proven its value in multiple industries. For instance, in manufacturing, a firm utilised the ROI Calculator to evaluate automated assembly upgrades, forecasting a 20 per cent increase in efficiency and a 15 per cent reduction in labour costs. Another manufacturing client implemented real-time quality control, achieving a 30 per cent reduction in waste and significant compliance savings. In the airline industry, a major supplier minimised food waste by aligning production with passenger demand, thanks to the precise forecasting capabilities of our tool. In the pharmaceutical sector, the ROI Calculator streamlined regulatory assessments, reducing time-to-market for new drugs and cutting costs. Retail businesses have also benefited by optimising SKU management and improving inventory planning.

By providing customised analysis, comprehensive metrics, and a user-friendly interface, the ROI Calculator empowers decision-makers to visualise the tangible benefits of AI investments before allocating resources. This proactive approach drives strategic growth, enhances productivity, and ensures efficient operations across diverse enterprise sectors, solidifying Findability Sciences's role as a leader in AI-driven business transformation.

Could you elaborate on Findability Sciences's R&D efforts behind developing this calculator?

We have made substantial investments in R&D to pioneer the GenAI-powered AI ROI Calculator, demonstrating our unwavering commitment to innovation and practical business solutions. Our rigorous development process, which integrates feedback from diverse industries, ensures the tool remains adaptive and precise. By collaborating closely with sectors such as pharmaceuticals, biotech, manufacturing and airlines, we continually refine the calculator using the latest AI algorithms. This enables us to deliver accurate economic insights and support strategic decision-making. For example, pharmaceutical companies have used the tool to streamline regulatory assessments, reducing time-to-market for new drugs and cutting costs. In manufacturing, firms have evaluated automated assembly upgrades, forecasting a 20 per cent efficiency increase and a 15 per cent reduction in labor costs. Airline suppliers have minimised food waste by aligning production with passenger demand through precise forecasting.

Retail businesses have optimised SKU management and inventory planning, while biotech companies have achieved real-time quality control, reducing waste by 30 per cent and realising compliance savings. Our collaborative approach underscores our dedication to advancing AI-powered solutions that provide tangible benefits and support strategic growth.