AI: Transforming Business with AI. Synetec's Tailored Discovery Process for Strategic Growth

Case Study: AI Discovery Process for a Financial Services Client

Using our structured AI Discover Process we consulted with this client to explore and uncover how AI solutions could overcome their business challenges.

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Business Challenges:

1. Board-Level Concern: The Board of Directors feared falling behind competitors who were quicker to adopt AI, putting the company's strategic positioning at risk.
2. Management-Level Uncertainty: The Management team struggled to identify the areas where AI adoption would create the most value and deliver a strong return on investment (ROI).
3. Operational Scepticism: The Operations team expressed doubts about their readiness to integrate AI into existing processes effectively.

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Synetec’s Solution:

Using the AI Discovery Process, Synetec conducted a comprehensive evaluation to address these layered concerns. The process included the following steps:

1. Understanding their unique business challenges: Engaging with stakeholders to align AI initiatives with business goals, operational hurdles, and industry demands.
2. Mapping AI opportunities: Identifying high-value AI applications through industry expertise and market knowledge, maximising ROI.
3. Developing a tailored roadmap: Crafting a customised plan with actionable steps, timelines, and success metrics to guide implementation.
4. Ensuring technical feasibility: Assessing and optimising data infrastructure to support AI solutions, addressing data quality—a factor that 66% of organisations cite as critical for success (Forbes).

Results

With our AI Discovery Process, we helped the client identify a range of valuable, measurable and strategic opportunities, including:

• Efficiency Improvements: Pinpointed three key processes where AI could deliver a projected 27% efficiency improvement.
• Cost Savings Potential: Estimated annual savings of £310,000 through AI-driven process optimisation.
• Improved Decision-Making: Delivered a prioritised roadmap focusing on ROI, enabling faster executive buy-in for AI initiatives.
• Competitor Edge: Highlighted two AI-driven strategies already adopted by competitors, ensuring the client stays ahead in the market.
• Time Savings: Reduced initial AI strategy development time from three months to three weeks.
• New Revenue Streams: Uncovered potential for a new AI-enhanced product offering, projected to generate between £350,000 and £500,000 in additional revenue annually.

“I would gladly recommend Synetec to any business seeking fast and efficient AI adoption. They built a strong system that has given us a competitive edge,” — Managing Director

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After reviewing the outcomes of the AI Discovery Process, the client chose to partner with Synetec for our AI Pilot Programme, enabling the implementation of one of the identified opportunities.

Synetec’s AI Discovery Process simplifies AI integration and turns it into a strategic advantage, equipping your business to stay ahead of the curve and preparing it for sustainable growth.

Contact us today.  

Begin with a complimentary consultation and explore how Synetec’s customised solutions can drive your business forward.

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