Creating AI Opportunities for a World-Leading Media and Technology Platform
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17 octobre 2024
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FTI Consulting was engaged by a world-leading media and technology platform to develop a growth strategy harnessing the power of AI to expand into adjacent markets and increase valuations.
Our Impact:
- FTI Consulting identified opportunities for the client to expand its total addressable market (“TAM”) by 3x, realize an approximately 30% revenue uplift and achieve cost reductions of approximately 30% to 45%.
- We developed a strategic roadmap for investments to capture market share and enter new markets.
- Our professionals discovered numerous opportunities to expand and enhance product offerings using AI and digital capabilities as well as through partnerships and strategic acquisitions.
- FTI Consulting developed an AI-based value creation plan (“VCP”), growth strategy and narrative enabling company management to position themselves as a platform rather than a transactional company
Our Role:
- FTI Consulting developed an AI “VCP” based on approximately 45 identified AI opportunities synthesized into 11 discreet revenue-enhancing and efficiency-gain initiatives that complement the client’s existing AI initiatives and incrementally drive revenue and margin expansion for the business.
- Our team advised leadership on where strategic investments were needed (e.g., M&A) to deliver the AI VCP vs. where the business could partner, outsource or use current research and development (“R&D”) resources to develop IP.
- We prioritized and sequenced these opportunities alongside company-identified opportunities based on customer feedback and expected ROI/market growth to create a comprehensive roadmap of strategic investment recommendations.
Date
17 octobre 2024
Contacts
Senior Managing Director, Leader of AI & Digital Transformation
Managing Director