R&D department and AI innovation strategy in Edtech in Cyprus

Industry: Edtech
Business Process: Innovation
Country: Cyprus
Year: 2022

Challenge: The company needed to leverage AI effectively to address unique business challenges and remain competitive. Previous attempts at AI implementation were hampered by a lack of in-house AI expertise.

Solution:

• Dedicated Team: A specialized R&D team of 7 AI specialists was established.
• Structured Processes: Processes for AI research, development, and implementation were put in place.
• Strategic Roadmap: An R&D strategy was formulated, providing a clear direction through 2025.

Business Results:
Rapid Progress: Within 1.5 years, the newly formed R&D team developed 11 innovative AI technologies.
Tangible Impact: 5 of these AI solutions have been successfully integrated into the company's business processes and products, driving efficiency and innovation.