An AI Solutions Business is a company that specialises in providing AI-related services and solutions. They offer consultancy to help clients understand and implement AI technologies, develop custom AI solutions, integrate AI into existing systems, manage and analyse data, build AI products, provide training and education, offer support and maintenance, and prioritise ethical considerations.
By leveraging their expertise in AI, these businesses help clients solve complex problems, optimise processes, make data-driven decisions, and gain a competitive advantage in their respective industries.
The business activities that fall under an AI Solutions Business are:
Innovation & Artificial Intelligence Research & Consultancies (6209.15, 7020.99): This activity focuses on conducting research, analysis, and providing consultative services in the field of artificial intelligence (AI) with an emphasis on innovation. It involves exploring cutting-edge AI technologies, analysing market trends, and evaluating the impact of AI on different industries. This activity also includes offering expert consultancy to assist clients in developing AI strategies, assessing project feasibility, and implementing AI solutions aligned with their objectives.
By specialising in innovation and AI research, these businesses provide valuable insights, analysis, and strategic guidance to clients. They help clients harness the potential of AI for innovation, competitive advantage, and business growth while addressing ethical considerations and staying informed about advancements in the field.
Through research, businesses stay updated with the latest AI technologies and trends, enabling them to provide informed insights to clients. The analysis performed helps identify opportunities for innovation and the application of AI solutions in specific industries. The consultative services offered assist clients in incorporating AI into their business strategies, including roadmap development, solution recommendation, and ethical considerations.
- Third-party Approval: No third-party approvals are required for this business activity.
- Filing of Economic Substance Return: Business activities 6209.15 and 7020.99 are exempt from this requirement.
- Anti-Money Laundering Compliance: Business activities 6209.15 and 7020.99 are exempt from this requirement.
