AI-Technology in Software Development Reduces Project Overheads by Up to 30%

VILNIUS, LITHUANIA / ACCESSWIRE / June 13, 2024 / RichBrains, a leading software development company, has announced new insights into their AI-powered approach to product creation.

After analyzing 17 projects over the past year, RichBrains found that AI can enhance project ROI by up to 30%. The AI-powered approach offers significant advantages throughout the development lifecycle, including faster time to value and reduced project overheads.

AI tools have increased the efficiency of development processes and sped up onboarding by up to three times. These tools also aid in understanding business processes with outdated or lacking documentation, and improve app security through advanced vulnerability detection and resolution capabilities.

By delivering solutions in shorter timeframes, RichBrains translates these efficiencies into cost savings for clients. The company's CEO, Max Dinman, affirmed that quality remains paramount, with the company poised to abandon AI practices if quality dropped.

The use of AI at RichBrains spans various sectors. An LLM-powered AI chatbot for a prominent educational institution modernized student services and boosted project ROI by 18%. Similarly, a comprehensive ERP solution for Aston Group enhanced efficiency and profitability through AI integration.

RichBrains plans to extend AI to back office processes in legacy enterprises and develop specialized AI models that outperform generic ones.