Could AI Help Stabilise the Biggest Threat to Business Recovery, Inflation?
Bdaily News,
As UK businesses navigate their recovery, they will need to manage new risks. Namely, organisations will need to grapple with the UK rate of inflation, which has risen sharply in 2021 from 1.5% to 2.1% – the highest it has been in nearly two years. While major fluctuations in demand continue to threaten revenue targets across industries, rapidly rising inflation will be particularly challenging to manage for businesses with outdated, inflexible pricing processes. Inflation rate fluctuations have a knock-on effect on revenue and pricing, threating businesses’ ability to protect their bottom line.