Impact of AI on the Future of Operational Management in Business
I’m sure by now you’ve heard countless times about the positive impact that artificial intelligence (AI) has when implemented in businesses as a mechanism for innovation and efficiency in operational management. Today, I can tell you that this is only the beginning, so prepare yourself for the coming years when you will continue to hear about this topic and success stories of companies taking advantage of this opportunity and leveraging the advances of this technology.
All signs indicate that companies will increase their investment in artificial intelligence in the coming years. A few months ago, La República shared an article on “Artificial Intelligence in Latin America,” published by MIT Technology Review. Among the relevant data from the research, it was mentioned that 60% of the companies in the sample started incorporating artificial intelligence in the last three years, and 20% did so in 2023. Furthermore, 71% of the companies recognized that artificial intelligence has enormous potential for their businesses, and those with the most leadership in the field plan to allocate 15% of their technology budget to artificial intelligence in the coming years.
A success case where the implementation of artificial intelligence plays a crucial role is Amazon, as reported by The Logistics World, a leading news and digital content medium for the logistics industry. Amazon uses AI to improve delivery routes, optimizing logistics and the speed of delivery between the product and the customer. Additionally, Amazon prioritizes AI to optimize its inventory and distribution organization, ensuring that products are increasingly closer to the consumer, thus facilitating their same-day or even next-day delivery goals. They also use this technology to forecast product demand and determine the optimal placement of inventory, as well as to automate tasks in their warehouses.
Evidently, this is just the beginning of the efficiencies that artificial intelligence can generate at an operational level. In recent months, the perception of AI as a threat to human talent has decreased, positioning itself as a crucial ally for the optimization of internal processes. Cases like Amazon’s have demonstrated this reality, motivating entrepreneurs to invest in this field within their organizations. However, 20.5% of professionals, according to the article shared by La República, identify the lack of specialized talent as one of the main challenges to driving this digital transformation.
The Best Cities to Enjoy MICHELIN Restaurants
As Confucius once said, “to know how to eat is to know how to live,” a phrase that invites us to appreciate food both for the pleasure of enjoying a great dish and for the nutritional benefits it provides. Without a doubt, eating is a pleasure for many, so much so that the tourism sector has a category dedicated exclusively to it: gastronomic tourism. For travelers, gastronomic tourism is a strong motivation when considering a destination. According to a report by La República, a survey conducted by the travel website Booking revealed that 88% of respondents consider tasting local cuisine as one of the main reasons for choosing a destination. If traveling is on your agenda for the rest of the year, here are some top cities you might consider for a unique culinary experience, as they are renowned for their gastronomic offerings centered around Michelin-starred restaurants, which have gained much popularity. According to the latest figures published last year, Tokyo leads with 200 Michelin-starred restaurants, with ratings ranging from 1 to 3 stars. Following this, 9,706 km away, Paris has 130 Michelin stars. And to not leave it there, I also want to share two restaurants in each destination that, may
The Impact of the Orange Economy on the Development of Emerging Tourist Destinations
In recent years, I have witnessed the growth and significance of the orange economy, which has made a substantial contribution to the gross domestic product (GDP) of various countries. This is particularly notable in Latin America, where growth is evident in areas such as job creation and exports. Mexico is a standout example; according to a report published by Wortev Capital a few years ago, this industry accounted for 3.1% of national employment. Before continuing, it is essential to briefly review that when we refer to the “orange economy,” we are talking about creative and cultural industries that drive economic growth through job creation and social development while promoting creativity, innovation, art, and artistic expression. According to UNESCO, these industries represent 3% of the global GDP. The orange economy has a significant impact on tourist destinations, serving as a diversification mechanism that reduces reliance on traditional sectors. Among the emerging tourist destinations fostering this industry is Colombia, which has developed tourism routes in cities like Medellín and Bogotá, where urban areas have been revitalized, jobs were created, and local urban art, music, and cuisine have served as an attraction to international tourists. Another notable country is Brazil, where the orange economy is prominently
Green Business: Entrepreneurial Initiatives Addressing Sargassum
Every day, we become more vulnerable and impacted by the effects of climate change, which significantly affects countries and their economies. A prime example is the sargassum seaweed problem, a global issue that has greatly impacted tourism and the economies of various regions, particularly in coastal areas such as the Caribbean and the Gulf of Mexico. A clear illustration of the risk sargassum poses to the economy and tourism is Quintana Roo, Mexico. In 2019, its tourism activities saw a reduction of between 2.2% and 5% due to the arrival of sargassum. The impact on tourism is mainly due to the foul odors and unattractive appearance caused by the accumulation of sargassum, making it less appealing to tourists and local community. This situation also creates blockages and an obstacle for recreational activities such as swimming, diving, and snorkeling. Consequently, these factors negatively affect the economy by reducing the revenue generated from tourism-related visits and activities. Moreover, the investment in cleanup efforts involves significant and recurring costs to keep the area clean and appealing. Additionally, local fishing and businesses are affected due to fewer visits to restaurants, hotels, and shops nearby. In the Caribbean region, sargassum also poses a barrier to those engaged