Onfolio & The AI Revolution | A summary of the ONFO AI Strategy.

Onfolio's journey into the realm of AI technology only began recently and with the integration of the MightyDeals AI tool, marking the initial foray into the world of AI and GPT where the executive of the company believe the future is bright. While the immediate impact of this tool has been modest, it signifies a larger vision for Onfolio. Company management is excited about the transformative potential of AI across a diverse portfolio of 20 online businesses. They plan to leverage AI to enhance their acquisitions through diligence and simulations, improve business operations by cutting cost and increasing operational efficiencies, and creating innovative tools and offerings that can attract a broader customer base across all of the company's holdings.

Onfolio's acquisition strategy revolves around identifying businesses that have yet to harness the full potential of AI and then implementing AI-driven solutions to enhance revenue, productivity, and cost-effectiveness. Easier said than done but ONFO has now integrated AI into several online business holdings. Management sees numerous opportunities in this approach, as many online businesses currently underutilize AI or simply haven't incorporated it at all, and this offers room for improvements in various aspects, from content creation and marketing to advertising conversion rates.

Management and in particular, CEO Dominic Wells, emphasizes Onfolio's belief in a multi-year window where businesses are not fully utilizing AI to its potential and that's creating a competitive advantage for the company. As Onfolio acquires and integrates AI into these businesses, the company aims to capture significant value-creating opportunities while enhancing performance of existing subsidiaries. Onfolio's approach is grounded in a deep understanding of AI's transformative capabilities and a commitment to continuous improvement which is what the company has demonstrated recently with the integration of AI into guest blog services which has eliminated customer content complaints entirely.

Additionally, Onfolio highlights the prospect of launching new AI tools developed and owned by the company. The company is focused on offerings across its existing portfolio of businesses to capitalize on a ready-made customer base. Managment plans to develop both internal tools and acquire external tools that can improve efficiency and profitability spanning across all holdings, enhancing due diligence in the acquisition process, creating and managing deal flow analysis, and other business processes are all part of the company AI strategy for 2024 and beyond.

Onfolio envisions the use of free AI tools to significantly boost customer acquisition, similar to the successful strategy of creditkarma.com. These tools can attract potential clients to their services and contribute to market growth.

The company is also building internal tools, such as a Due Diligence tool, to streamline the acquisition process and identify opportunities more efficiently since the company sees hundreds of opportunities a year. As Onfolio becomes more proficient with AI, some of these internal tools may have commercial applications and management is well aware of that pathway moving forward.

In conclusion, Onfolio sees AI as a catalyst for growth and efficiency across its portfolio of online businesses. Management is fully committed to a strategic approach that integrates AI seamlessly into the existing playbook and continues to explore opportunities for AI-driven expansion. While this strategy may not be suitable for everyone, Onfolio believes it holds significant potential for those who understand how to execute it effectively and efficiently.