How to roll out AI successfully? Scrap existing processes and get business leaders building
When Raylo launched in 2019, it was with a mission to accelerate the transition to a circular economy. It developed an electronics subscription service, which lets consumers access the latest tech products without a hefty upfront fee, and the option to return a device so it can be re-furbed and passed onto the next person.
The company built an end-to-end subscription infrastructure that lets brands, including LG, PlayStation and HP, launch subscription programs with just a few lines of code. Consumers pay monthly to access the latest smartphones, laptops, TV or games consoles, and at the end of the subscription period they can either upgrade to a different model, return the device, or carry on the rental for a lower amount each month.
In February this year, Raylo decided to go all-in on AI, with advancements in the models making it the opportune moment. At a recent Rithum event in...
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