yacht advantage llc

YACHT ADVANTAGE, LLC FORT LAUDERDALE, FLORIDA

Yacht advantage, llc, fort lauderdale, key facts about yacht advantage, llc.

• US Businesses
• Companies in Florida
• Broward County Companies

YACHT ADVANTAGE, LLC NEAR ME

Officers and Directors

John j flynn, john j flynn related companies.

• THE FLYNN FAMILY FOUNDATION, INC.
• JF ADVANTAGE, LLC
• REAL ESTATE ADVANTAGE, LLC
• FLEET ADVANTAGE, LLC
• EAST COAST MARINE CHARTERS, LLC
• JET ADVANTAGE, LLC

Air, Land and Sea, LLC

Air, land and sea, llc related companies, registered agent is marie s crucilla, annual reports.

• Log in/Sign up

YACHT ADVANTAGE, LLC

Company addresses.

401 E LAS OLAS BLVD, SUITE 1720, FORT LAUDERDALE, FL, 33301

Latest Events

Corporate grouping user contributed, similarly named companies, identifiers.

Problem/question about this data? Click here

For access please Log in / Sign up

FAQ’s About Yacht As A Business Ownership and Tax Advantages

Many of your questions and doubts will be answered in this list but if not, please feel free to give us a call or email us. Also read the article explaining Yacht Business Ownership in more detail.

| Should I Own The Yacht Personally Or Through A Corporation?

It is better to own the yacht in a corporation because it reduces personal liability. It is a smart thing to do when running the yacht as a business where it will be for charter. If you place the vessel in an LLC the tax benefits flow through to you personally.

| Can I Legitimately Take The Tax Deductions?

If you are actively involved in the business and meet the IRS tests for active participation then it is a business and you can legitimately take the deductions and benefit from it. You need to show active participation as well as the ability and the intent to make a profit.

| What Type Of Active Participation Is Required?

The most common test is that the owner does a minimum of 100 hours and more than any other one person. If you do a website, attend trade shows, do familiarization trips and technical inspection of asset directly related to your business, you will log far more than 100 hours.

| How Do I Meet The Requirements?

In the course of running the business:

• Attend a trade show such as the Annapolis trade show where the yacht is promoted for charter, you would easily and legitimately log 50 to 75 hours.
• Apart from the chartering component of the business where the LLC (sub contractor) generates income through the charter company (general contractor) there are other income streams for the LLC such as charter sales where the LLC earns commission from charters sold on its own yacht, as well as other yachts in the fleet.
• To be effective and facilitate the sale of charters, the owner would need to do “familiarization” trips to have good knowledge of the product being sold which is the cruising ground (this is much like a travel agent who travels to destinations that they promote and sell packages into).
• One familiarization trip per year would log a minimum of 50 to 100 hours. It is also reasonable to have an annual inspection of the asset, which would require traveling to where it is located, again this would log 50 to 75 hours at the very minimum.

| Will Doing This Trigger An IRS Audit?

There is always the chance of an audit when a large deduction is generated, if proper records are kept and the owner does actively participate with the intent to make a profit then the standard is met and should satisfy scrutiny. Your CPA is the best person to answer this question because personal circumstances differ from person to person.

| What Amount Of Money Must I Put Down To Get Into The Program?

The deposit required by most lenders is 20 % so the cash out would be 20% of the full purchase price plus two months of mortgage payments in the Guaranteed program and two months of mortgage payments plus the insurance premium (1.5% of hull value) in the performance program.

| Is The Boat Insured During The Program And How Am I Protected?

The boat has comprehensive insurance in the name of the owner or the LLC from the time the keels touch the water. If there is a loan the lender is recorded as the first loss payee and DYC is noted on the policy for charter operations. The deductible is covered by an additional insurance policy that the charterer pays, so the owner has no exposure to a deductible unless they cause the damage themselves.

| What Tax Reporting Is Required?

Your CPA will be able to answer this but generally the LLC would generate a K1 which would be incorporated into the tax return

| Do The Tax Advantages Flow Through To Me Personally?

Yes they do.

| Is There Recapture On The Tax Advantages When I Sell The Boat?

Yes, there is if you sell the yacht outright at the end of the program and the rate is at ordinary income. If you keep the vessel for personal use after the program than this should not be an issue but check with your CPA for your personal situation. The third alternative is to trade the yacht is and do a “like kind” exchange in which case there is no recapture.

Common Misconceptions About Running a Boat as a Business

| putting a yacht into charter is a passive activity like rental property.

Wrong, if you put the vessel into a Corporation and run it as a business and ensure you meet the relevant standards and tests then it is a small business and is taxed accordingly. Note, that if you go into a guaranteed income program where you sign a long term management agreement and receive a monthly guaranteed income, then this is passive activity and you will not be allowed to generate tax advantages save and except if you have passive losses that you can be offset against passive income.

| You Need 500 or 700 Hours Of Active Participation To Qualify

No, the test most commonly used is ” a minimum of 100 hours and more than any other one person”. You will find that the US staff and base staff, who all have different tasks, will never spend more time on your boat individually than you will in a given year. Remember that the trade shows, familiarization trip, asset inspection trip, marketing, contract negotiation (we renegotiate the contract each year) would result in close to two hundred hours of active participation not to mention that all costs are also deductible.

| You Will Automatically Trigger An Audit

Unlikely that an audit is automatic, this is not the experience we have over the last eight years. The issue is to meet the tests and standards and ensure that you are in compliance with the rules. This is not for everyone but if scrutinized and everything is in order then it is unlikely that it would proceed to an audit.

| You Have To Make A Profit Three Out Of Five Years To Avoid “Hobby Loss” Rules

The rules state that if you make a profit three out of five years then hobby loss cannot be applied. To be clear, you DO NOT HAVE to make a profit three out of five. Many CPAs make this statement, which is not entirely accurate as it is interpreted the wrong way. The actual rule is that you have to have “the Ability and the Intent” to make a profit which is clearly the case here.

| A Yacht Does Not Qualify For Tax Advantages

The yacht is equipment that is being purchased and placed into service in a small business that has the ability to make a profit if well run which is the intent. The same rules would apply to the owner of a dump truck who sub contracts to a general contractor, there is fundamentally no difference. The truck would qualify for section 179 and Bonus Depreciation if purchased new. The owner would be actively involved even if there is an employed driver because of contract negotiations, marketing admin etc. and the intent is also to make a profit.

| You Cannot Use The Yacht While It Is In The Program

You can use the yacht. It is generally agreed between most CPA’s who are familiar with the program that 10% of private use by the owner over and above the familiarization and asset inspection trips, is acceptable.

For More Information About Yacht Business Ownership And Tax Advantages, Contact Us

Estelle Cockcroft

Join our community.

Get the latest on catamaran news, sailing events, buying and selling tips, community happenings, webinars & seminars, and much more!

Leave a Comment Cancel Reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

First-annual virgin islands boating exhibition (vibe).

VIBE – It’s a Destination Boat Show! Join us May 10 – 12 at

BALI Catamarans Unveils The New Bali 5.8 Flagship

CATANA GROUP launches its 14th BALI CATAMARAN model, the BALI 5.8, for the brand’s

Love Stories At Sea…because it’s valentine’s day

Because it’s Valentine’s day, we wanted to celebrate all the couples that we helped

Your Go-To Resource for all your Catamaran Needs!

Check out our brochure to learn about all we have to offer and why

For more than 30 years, we have been a part of the catamaran community and created Catamaran Guru™ to encourage and educate all the aspiring sailing out there. We understand the dream of traveling the world by catamaran and created a one-stop-shop to make that dream a reality for you.

• Stephen & Estelle
• Testimonials

Get Started

• Yacht Sales
• Used Yachts
• Charter Management
• Boat as Business Programs
• Seminars & Events

• Center Consoles
• Dual Consoles
• Motoryachts
• Sport Cruisers
• Tenders & Ribs
• U.S. Atlantic
• Engine Buyers Guide
• Electronics

How to Make Your Yacht an LLC

Here’s how to make your yacht an LLC and reap the financial benefits—as long as you pay close attention to the requirements.

Here are some important steps to follow:, establish a business entity to own the yacht, arrange for financing, setup a business plan, in addition, here are some tips to consider:, how to make your yacht an llc.

Recommended

Bahamian Style Mac and Cheese

St. Pete City Updates

Don't miss it.

Celebrate the Water’s Elegance with Hinckley’s 30th Anniversary Picnic Boat

7 of the Best Available Navigation Apps for Boaters

Fort Lauderdale’s Exclusive Over-the-Water Estate: A Nautical Haven

The Bull Keeps Running. What Does The Strength Over the Last 60 to 120 Days Mean?

Marlow Yachts 62E: Custom Luxury Meets Seafaring Excellence

How To Make Surprisingly Delicious Minimalist Meals

• Privacy Policy

1591 E. Atlantic Blvd, 2nd Floor Pompano Beach, FL 33060 Office: +1 (954) 522-5515 Fax: +1 (954) 522-2260 Contact us: [email protected]

Email address

© 2024 Southern Boating Media

The Stunning Ritz Carlton EVRIMA Yacht

Gliding Across Tokyo’s Sumida River: The Mesmerizing Zipper Boat

CROCUS Yacht: An 48 Meter Beauty by Admiral

PHI Yacht – Royal Huisman’s $45 Million Superyacht

• Zuretti Interior Design
• Zuretti Interior
• Zuccon International Project
• Ziyad al Manaseer
• Zaniz Interiors. Kutayba Alghanim
• Yuriy Kosiuk
• Yuri Milner
• Yersin Yacht

• Superyachts

AVANTAGE Yacht – Divine $200M Superyacht

AVANTAGE yacht is an 87m(285,4 ft) superyacht built by Lürssen Yachts in their German shipyard, and delivered in 2020.

The interior design, executed by Bannenberg & Rowell Design, has accommodation for 14 guests and 19 crew members.

This superyacht, specifically designed for socializing and family enjoyment, boasts a variety of entertainment features. She ranks 119 of yachts worldwide.

AVANTAGE yacht interior

The interior design is masterminded by Bannenberg & Rowell Design, accommodating 14 guests and a crew of 18.

She was built by Lürssen in their German shipyard. She features five exterior decks, a foredeck helipad, and a sundeck jacuzzi.

The beach club offers an effortless indoor-outdoor entertainment experience that is a stylish addition to the yacht.

The main deck has space for an alfresco lounge and dining area in the sunshine, with a half deck that is shaded by the upper deck overhang.

Her interior design is timeless, with beautiful furnishing and seating that make guests want to sink in and relax.

The yacht interior exudes an elegant yet comfortable atmosphere. This design makes her an ideal yacht for socializing and entertaining with friends and family.

She is also equipped with high-tech audio-visual equipment.

The exterior design of the AVANTAGE yacht is designed by Bannenberg & Rowell Design. She has a white hull of steel, aluminum superstructure, and teak decks. Her exterior exudes a modern, stylish, and sleek appearance.

There are open deck spaces, long and elegant lines, and a large foredeck with the yachts emblem.

She is equipped with a Compass Tenders Limo Tender, amongst other luxury water toys that make her a fun and entertaining yachting experience. She has a yearly running cost of $15-$20 million.

Specifications

The AVANTAGE yacht has a gross tonnage of 2950 GT, which is 473.14 GT above average for her class. She is powered by her two MTU diesel engines.

She is in the top 5% of LOA in the world with a length of 87m(285.4ft), a draft of 4m(13.1ft), and a beam is 13.8m(45.3ft), AVANTAGE has a max speed of 16 knots and a cruising speed of 12 knots.

She has a 4.500 nautical mile range. She is built to Lloyds register 100 A1 classification society rules and is equipped with an Underway and an at anchor stabilization system.

This reduces the rolling motion effect at seas, resulting in a smoother and more enjoyable cruising experience underway.

Do you have anything to add to this listing?

• Bannenberg Rowell

Love Yachts? Join us.

Related posts.

PANAKEIA Yacht – Opulence $15 M Superyacht

IJE Yacht – Sophisticated $200M Superyacht

GRACEFUL Yacht – Prestigious $60M Superyacht

LADY M Yacht – The Awesome $55 Million Superyacht

• Weekly Newsletter

California's Boating & Fishing News

Should I Form a Corporation or LLC to ‘Own’ My Boat?

Corporate (or LLC) ownership may, under some circumstances, offer three possible advantages: liability protection, tax savings, and privacy. As a general rule, however, few boat owners will be in a position to benefit from any of these strategies.

The corporate form will provide a liability shield for a business, if the company is properly formed and maintained. As such, corporate boat ownership may be advisable for a maritime business, such as a charter boat operation. However, this liability protection was developed to encourage business and economic growth, not to protect people in their recreational endeavors. A corporation or LLC with no business purpose may therefore be disregarded in the event of a lawsuit, and the shareholders will be forced to defend the suit themselves.

Similarly, corporate or LLC ownership will have almost no effect in California on the assessment of sales tax or on the annual assessment of personal property tax. It may be possible to transfer a boat into a newly formed corporation, or to purchase the corporation itself, without the assessment of sales or use tax. This may provide some savings when the boat will be owned by several partners, but the legal and practical requirements of these strategies are very complex and should not be considered without consulting a lawyer or tax professional.

Similarly, there may be some income tax benefits to corporate boat ownership, but your tax advisor will tell you that some form of business enterprise must accompany the operation and ownership of the boat.

One tangible benefit of corporate ownership may be the privacy of the ownership records. The Coast Guard maintains a database of American-flagged vessels, and the name of the owner of any boat is readily available on the Internet.

Some states (such as Delaware) do not include the names of a corporation’s directors or officers in the public record of a corporation. If a boat is owned by a Delaware corporation, only the name of the corporation is made public. This may be an attractive option to celebrities and other owners of high-end boats.

Finally, foreign registry of a recreational boat in California will provide little, if any, benefit to the owner. Foreign registry of large yachts in Florida is relatively common, in part because a foreign-registered boat may qualify for an exemption from Florida sales and use tax. California offers no such exemption.

Large yachts with a professional crew may also benefit from a lower level of regulation over crew and equipment under certain foreign flags. Unfortunately, these features of foreign registration are not likely to help a California recreational boat owner.

And, since a foreign-registered boat must obtain a temporary cruising permit from U.S. Customs to operate in U.S. waters, the “hassle factor” associated with foreign registration may be prohibitive for most boat owners.

Boat owners in California should think twice before titling their recreational yacht into a corporation or under a foreign flag. The advantages of these strategies are very limited, and the costs may be prohibitive.

However, this does not mean that corporate boat ownership or foreign registry are never advisable. Every circumstance is different, and a boat owner who is considering these questions should consult his or her own tax and legal advisors for more information.

• ← Can Lender Repossess Boat?
• When to Challenge Your Insurance Company Over ‘Wear and Tear’ →

Comments Cancel reply

Your email address will not be published. Required fields are marked *

Your Thoughts are Appreciated

Save my name, email, and website in this browser for the next time I comment.

Sea Shells: Pros and Cons of Starting an LLC for Yacht, Jet, Golf Cart, or Other Vehicle Ownership

If you purchase a yacht or jet that will be used for the conduct of your business ventures, the acquisition should of course be structured so that the ownership of the vehicle clearly falls to your company, not to you personally. Most often, the appropriate business structure is a Limited Liability Company (LLC), which offers both the liability limits of a corporation and the “pass-through” taxation tax filing of a sole proprietorship, partnership, or S corporation.

Even if you are acquiring a new vehicle with no immediate use for it within the context of your existing businesses, you may want to consider starting a new LLC under which the purchase is made. Ownership of any vehicle that could potentially result in liability claims—from a sleek jet to a sturdy fishing boat, from a third luxury car to a simple golf cart—can put all of your personal assets at risk if a tragedy occurs.

The Big Benefit: Liability Limitation

The most important benefit of LLC formation for vehicle ownership is embedded in the abbreviation itself: limited liability in the event that injury or property damage results from your use of the vehicle. A single, fluke incident in which the parking brake on your golf cart fails and the vehicle rolls down a hill, striking another golfer, could be financially devastating if the cart is under your personal ownership. However, if the cart is under the ownership of your LLC, a lawsuit related to such an unfortunate event is subject to the same limitations as any other legal action against a corporation. Your personal assets will be protected if the LLC is formed and structured properly.

Mostly. Bear in mind that this protection is not absolute. If the court deems that there is no meaningful distinction between you and the LLC—that is, that the LLC is in fact an empty shell that exists solely to disguise the private nature of the vehicle ownership—the usual protections may be waived, granting the litigant the right to sue you directly. Therefore, in order to realize the benefits of LLC formation, it is necessary to take all the steps normally required to operate a business—hiring a competent business attorney, staff or contractors, revenue and expense tracking, and so on.

Tax Benefits Are Elusive

When considering the benefits of owning a vehicle as a business asset, many people are quick to land on potential tax advantages. Those advantages are not as easily realized as many would like to think, however.

Deducting Ongoing Expenses Related to Vehicle Ownership

In order to deduct expenses related to your yacht, jet, or other vehicle, such as repairs and upkeep, it is necessary to maintain thorough, detailed records and to file appropriate business income/loss forms with your taxes. It is also important to remember that a business is, by IRS definition, an organization or activity that exists for the purpose of attaining profit. If you plan to keep your vehicle for the long haul, it will be necessary for your LLC to somehow generate revenue in order for you to continue deducting expenses.

Furthermore, you will need to demonstrate that the expenses are in fact related to business use of the vehicle. For a jet that you employ for business travel, such a claim is easy to defend. Setting up an office on your yacht where you regularly conduct business and meet clients might also fly (or rather, float) with the IRS.

If you set up the LLC for ownership of your golf cart or fourth luxury SUV, deducting operating expenses may well be difficult to justify and unwise to attempt. There is, however, a different tax benefit that can be readily attained for any vehicle owned under an LLC.

Sales Tax Savings

The most easily attained tax advantage of starting an LLC for your golf cart, boat, or other vehicle is actually a benefit for the buyer when you sell the craft. Rather than simply selling the vehicle to another party, you sell them the LLC itself, with the vehicle included as a company asset—thus exempting the transaction from sales tax. Although this exemption ostensibly benefits only the purchaser, it pays dividends for the seller as well, in the form of a higher ceiling for the selling price of the vehicle.

To execute the tax-exempt sale of your vehicle, it is critical that the transaction be structured and understood as the sale of the business from the beginning. If an agreement for the purchase of the vehicle is reached separately, any subsequent attempt to “throw in” the LLC as part of the deal amounts to the purchaser buying a company with no assets. As noted in my article on valuing artwork for tax purposes , both federal and state tax agencies are quick to flag transactions that appear to have been completed solely to attain a tax benefit.

Properly Insuring the Asset

Finally, if you do choose to establish an LLC, make certain to insure your vehicle in the name of the LLC, not under a personal insurance policy. Otherwise, you will find yourself either uninsured, unprotected from liability, or both.

Please use a modern browser to view this website. Some elements might not work as expected when using Internet Explorer.

• Landing Page
• Luxury Yacht Vacation Types
• Corporate Yacht Charter
• Tailor Made Vacations
• Luxury Exploration Vacations
• View All 3567
• Motor Yachts
• Sailing Yachts
• Classic Yachts
• Catamaran Yachts
• Filter By Destination
• More Filters
• Latest Reviews
• Charter Special Offers
• Destination Guides
• Inspiration & Features
• Mediterranean Charter Yachts
• France Charter Yachts
• Italy Charter Yachts
• Croatia Charter Yachts
• Greece Charter Yachts
• Turkey Charter Yachts
• Bahamas Charter Yachts
• Caribbean Charter Yachts
• Australia Charter Yachts
• Thailand Charter Yachts
• Dubai Charter Yachts
• Destination News
• New To Fleet
• Charter Fleet Updates
• Special Offers
• Industry News
• Yacht Shows
• Corporate Charter
• Finding a Yacht Broker
• Charter Preferences
• Questions & Answers
• Add my yacht

NOT FOR CHARTER *

This Yacht is not for Charter*

SIMILAR YACHTS FOR CHARTER

View Similar Yachts

Or View All luxury yachts for charter

• Luxury Charter Yachts
• Motor Yachts for Charter
• Amenities & Toys

AVANTAGE yacht NOT for charter*

87m  /  285'5 | lurssen | 2020.

Owner & Guests

• Previous Yacht

Special Features:

• Lloyds Register ✠ 100 A1 classification
• Interior design from Bannenberg & Rowell
• Designed for waterfront living with beach club
• Up to 34 crew
• Sleeps 14 overnight

The 87m/285'5" motor yacht 'Avantage' was built by Lurssen in Germany at their Rendsburg shipyard. Her interior is styled by English designer design house Bannenberg & Rowell and she was delivered to her owner in July 2020. This luxury vessel's exterior design is the work of Bannenberg & Rowell.

Guest Accommodation

Avantage has been designed to comfortably accommodate up to 14 guests in 7 suites. She is also capable of carrying up to 34 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include beach club and air conditioning.

Range & Performance

Avantage is built with a steel hull and aluminium superstructure, with teak decks. Powered by twin diesel MTU (16V 4000 M63) 16-cylinder 2,719hp engines running at 1800rpm, she comfortably cruises at 10 knots, reaches a maximum speed of 17 knots. An advanced stabilisation system on board promises exceptional comfort levels at anchor or on any voyage. She was built to Lloyds Register ✠ 100 A1 classification society rules.

*Charter Avantage Motor Yacht

Motor yacht Avantage is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Avantage Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

Avantage Photos

NOTE to U.S. Customs & Border Protection

Specification

M/Y Avantage

SIMILAR LUXURY YACHTS FOR CHARTER

Here are a selection of superyachts which are similar to Avantage yacht which are believed to be available for charter. To view all similar luxury charter yachts click on the button below.

70m | Benetti

from $763,000 p/week ♦︎

85m | Lurssen

from $0 p/week ♦︎

from $992,000 p/week ♦︎

92m | Feadship

from $1,500,000 p/week

75m | Feadship

from $900,000 p/week *

88m | Oceanco

from $1,100,000 p/week

90m | Oceanco

from $1,308,000 p/week ♦︎

80m | Columbus Yachts

from $926,000 p/week ♦︎

80m | Yachtley

from $872,000 p/week ♦︎

80m | Abeking & Rasmussen

from $1,150,000 p/week

97m | Feadship

from $1,744,000 p/week ♦︎

70m | Feadship

from $650,000 p/week

As Featured In

The YachtCharterFleet Difference

YachtCharterFleet makes it easy to find the yacht charter vacation that is right for you. We combine thousands of yacht listings with local destination information, sample itineraries and experiences to deliver the world's most comprehensive yacht charter website.

San Francisco

• Like us on Facebook
• Follow us on Twitter
• Follow us on Instagram
• Find us on LinkedIn
• Add My Yacht
• Affiliates & Partners

Popular Destinations & Events

• St Tropez Yacht Charter
• Monaco Yacht Charter
• St Barts Yacht Charter
• Greece Yacht Charter
• Mykonos Yacht Charter
• Caribbean Yacht Charter

Featured Charter Yachts

• Maltese Falcon Yacht Charter
• Wheels Yacht Charter
• Victorious Yacht Charter
• Andrea Yacht Charter
• Titania Yacht Charter
• Ahpo Yacht Charter

Receive our latest offers, trends and stories direct to your inbox.

Please enter a valid e-mail.

Thanks for subscribing.

Search for Yachts, Destinations, Events, News... everything related to Luxury Yachts for Charter.

Yachts in your shortlist

• United-States Scottsdale AZ Sales: +1-855-374-1199 Service: +1-855-573-9976 Intl: +1-480-745-3396
• South Korea Seoul Tel: +82-10-9014-5918
• China Shanghai Tel: +86-21-63806036 Mobile: +86-13671737628
• Shenzhen Tel: +86-755-89517585 Mobile: +86-13925258002

Yacht Advantage Llc

Join ImportGenius to see the import/export activity of every company in the United States. Track your competitors, get freight forwarding leads, enforce exclusivity agreements, learn more about your overseas factories, and much more. Instant signup.

• Importer Shipments
• YACHT ADVANTAGE LLC
• YACHT PATH INTL INC
• Vancouver, BC
• Importer Yacht Advantage Llc
• 401 E. Las Olas Blbd. Suite 1720 Fort Lauderdale Fl 33301 Usa
• Supplier YACHT ADVANTAGE LLC
• 401 E. LAS OLAS BLBD. SUITE 1720 FORT LAUDERDALE FL 33301 USA
• Importer YACHT ADVANTAGE LLC
• Notify Party YACHT ADVANTAGE LLC
• 401 EAST LAS OLAS BLBD, FORT LAUDERDALE, FL 33301, USA

AVANTAGE LURSSEN

• Inspiration

AVANTAGE has 4 Photos

AVANTAGE News

Lürssen project hawaii renamed motor ..., similar yachts.

B2 | From EUR€ 850,000/wk

• Yachts >
• All Yachts >
• All Motor Yachts Over 100ft/30m >

If you have any questions about the AVANTAGE information page below please contact us .

Superyacht AVANTAGE (PROJECT HAWAII) is an 87m/285ft vessel built by German shipyard Lürssen and launched in 2020. The shipyard created her naval architecture while her exterior styling comes from Bannenberg & Rowell, who also produced her interiors. The onboard accommodation layout and crew complement have yet to be revealed by the shipyard.

NOTABLE FEATURES OF AVANTAGE: ~Sundeck Jacuzzi ~Five exterior decks ~Award-winning designer ~Foredeck Helipad ~Air conditioning ~Wi-Fi

The lower deck swim platform provides a spacious place for sunbathing beside the water, and joins to the main deck aft via two stairways.

The main deck aft has room for an alfresco lounge/dining area in the sunshine, with half of the deck area shaded by the upper deck overhang.

The upper deck, bridge deck and sundeck aft all have plenty of space for multiple sunbathing areas or an alfresco lounge arranged so that guests can split into smaller groups for more intimate conversation. There is also room for multiple alfresco dining options, with sweeping views of the destination.

The foredeck has a helipad on the bow for convenient transfers while cruising.

AVANTAGE Specifications

The interiors have yet to be revealed by the shipyard.

Yacht Accommodation

The guest and crew accommodation has yet to be revealed by the shipyard.

Amenities and Extras

We do have available further amenity, owner and price information for the 87m (285') yacht AVANTAGE, so please enquire for more information.

AVANTAGE Disclaimer:

The luxury yacht AVANTAGE displayed on this page is merely informational and she is not necessarily available for yacht charter or for sale, nor is she represented or marketed in anyway by CharterWorld. This web page and the superyacht information contained herein is not contractual. All yacht specifications and informations are displayed in good faith but CharterWorld does not warrant or assume any legal liability or responsibility for the current accuracy, completeness, validity, or usefulness of any superyacht information and/or images displayed. All boat information is subject to change without prior notice and may not be current.

Quick Enquiry

"I once had a client who told me, “I will put your name on the side of my boat if it’s good, but if the boat is not good, your name will appear three times as big.” We were brought up with the sense that it is a very personal obligation for the family when we sign a contract to deliver a yacht that the client expects. I cannot go to a client and say “One of my guys made a mistake.” He would say “Is he Mr. Lürssen, or are you Mr. Lürssen?” But a successful delivery is also a great reward. I take the relationships of my clients very personally." - Peter Lürssen of Lürssen Yachts (courtesy SuperYachtTimes)

CHAKRA | From EUR€ 495,000/wk

86M CUSTOM LUXURY YACHT | From EUR€ 1,200,000/wk

SUNRAYS | From EUR€ 1,150,000/wk

• Bahasa Indonesia
• Slovenščina
• Science & Tech
• Russian Kitchen

Cruising the Moskva River: A short guide to boat trips in Russia’s capital

There’s hardly a better way to absorb Moscow’s atmosphere than on a ship sailing up and down the Moskva River. While complicated ticketing, loud music and chilling winds might dampen the anticipated fun, this checklist will help you to enjoy the scenic views and not fall into common tourist traps.

How to find the right boat?

There are plenty of boats and selecting the right one might be challenging. The size of the boat should be your main criteria.

Plenty of small boats cruise the Moskva River, and the most vivid one is this yellow Lay’s-branded boat. Everyone who has ever visited Moscow probably has seen it.

This option might leave a passenger disembarking partially deaf as the merciless Russian pop music blasts onboard. A free spirit, however, will find partying on such a vessel to be an unforgettable and authentic experience that’s almost a metaphor for life in modern Russia: too loud, and sometimes too welcoming. Tickets start at $13 (800 rubles) per person.

Bigger boats offer smoother sailing and tend to attract foreign visitors because of their distinct Soviet aura. Indeed, many of the older vessels must have seen better days. They are still afloat, however, and getting aboard is a unique ‘cultural’ experience. Sometimes the crew might offer lunch or dinner to passengers, but this option must be purchased with the ticket. Here is one such  option  offering dinner for $24 (1,490 rubles).

If you want to travel in style, consider Flotilla Radisson. These large, modern vessels are quite posh, with a cozy restaurant and an attentive crew at your service. Even though the selection of wines and food is modest, these vessels are still much better than other boats.

Surprisingly, the luxurious boats are priced rather modestly, and a single ticket goes for $17-$32 (1,100-2,000 rubles); also expect a reasonable restaurant bill on top.

How to buy tickets?

Women holding photos of ships promise huge discounts to “the young and beautiful,” and give personal invitations for river tours. They sound and look nice, but there’s a small catch: their ticket prices are usually more than those purchased online.

“We bought tickets from street hawkers for 900 rubles each, only to later discover that the other passengers bought their tickets twice as cheap!”  wrote  (in Russian) a disappointed Rostislav on a travel company website.

Nevertheless, buying from street hawkers has one considerable advantage: they personally escort you to the vessel so that you don’t waste time looking for the boat on your own.

Prices start at $13 (800 rubles) for one ride, and for an additional $6.5 (400 rubles) you can purchase an unlimited number of tours on the same boat on any given day.

Flotilla Radisson has official ticket offices at Gorky Park and Hotel Ukraine, but they’re often sold out.

Buying online is an option that might save some cash. Websites such as  this   offer considerable discounts for tickets sold online. On a busy Friday night an online purchase might be the only chance to get a ticket on a Flotilla Radisson boat.

This  website  (in Russian) offers multiple options for short river cruises in and around the city center, including offbeat options such as ‘disco cruises’ and ‘children cruises.’ This other  website  sells tickets online, but doesn’t have an English version. The interface is intuitive, however.

Buying tickets online has its bad points, however. The most common is confusing which pier you should go to and missing your river tour.

“I once bought tickets online to save with the discount that the website offered,” said Igor Shvarkin from Moscow. “The pier was initially marked as ‘Park Kultury,’ but when I arrived it wasn’t easy to find my boat because there were too many there. My guests had to walk a considerable distance before I finally found the vessel that accepted my tickets purchased online,” said the man.

There are two main boarding piers in the city center:  Hotel Ukraine  and  Park Kultury . Always take note of your particular berth when buying tickets online.

Where to sit onboard?

Even on a warm day, the headwind might be chilly for passengers on deck. Make sure you have warm clothes, or that the crew has blankets ready upon request.

The glass-encased hold makes the tour much more comfortable, but not at the expense of having an enjoyable experience.

Getting off the boat requires preparation as well. Ideally, you should be able to disembark on any pier along the way. In reality, passengers never know where the boat’s captain will make the next stop. Street hawkers often tell passengers in advance where they’ll be able to disembark. If you buy tickets online then you’ll have to research it yourself.

There’s a chance that the captain won’t make any stops at all and will take you back to where the tour began, which is the case with Flotilla Radisson. The safest option is to automatically expect that you’ll return to the pier where you started.

If using any of Russia Beyond's content, partly or in full, always provide an active hyperlink to the original material.

to our newsletter!

Get the week's best stories straight to your inbox

• What to do in Moscow City, if you’re not mega-rich
• Moscow after dusk: 10 places to drink, dance, and groove
• 5 things you must do in Moscow in 2018 between football matches (or without them)
• Sandwiched between Moscow and St. Petersburg: How to spend a perfect weekend in Tver 
• 24 or 48 hours in Moscow: Where to go and what to do in 2019

This website uses cookies. Click here to find out more.

• Hispanoamérica
• Work at ArchDaily
• Terms of Use
• Privacy Policy
• Cookie Policy
• Architecture News

Moscow Launches New Smart City District as a Living Lab

• Written by Eric Baldwin
• Published on December 13, 2018

The government of Moscow has begun developing an existing district in the city to test nearly 30 new ‘smart’ technologies for urban development. Home to over 8,000 people, the district is testing ideas on smart lighting, smart waste management, and smart heating. The city intends to evaluate what impact technologies bring to residents and adjust its urban renewal plan once the pilot is complete.

When creating a smart district, cities tend to choose new, empty or even abandoned areas to build a district from a scratch, which is faster, easier and more cost-efficient. However, Moscow authorities made the decision to create one in an already existing neighborhood to bring top tech solutions. In April 2018, authorities began implementing technologies in selected buildings situated in Maryino district on the southeast of Moscow . The district includes seven apartment buildings with different years of construction from 1996 to 1998. Each residential building has a different construction type that gives an advantage to pilot the technologies under various conditions.

Andrey Belozerov, Strategy and Innovations Adviser to CIO of Moscow explained: “We didn’t want to build a district from a scratch as a test bed far from real-world settings. Our aim was to test technologies in inhabited neighborhood so it allows us to see whether citizens get advantage of new technologies in their everyday tasks. When the pilot is completed we aim to adjust the city urban renewal plan, so Muscovites enjoy living in similar technology-savvy buildings around the city in the future”.

The smart district residents can access smart systems responsible for heating, lighting, and waste collection. In total selected residential buildings are equipped with twenty nine different smart technologies. As part of the project the first charging station for electric vehicles situated in residential district has been installed in Moscow – it has already become the most popular charging station for electric vehicles in the city. In addition, free Wi-Fi network is available on site. Each resident can install free mobile application to answer the house intercom when no one is around or open the door without a key. The project aims to improve quality of life and provide comfort and safety for residents.

• Sustainability

想阅读文章的中文版本吗?

莫斯科启动“智能小区”计划，将为8000人口提供智能家居生活

You've started following your first account, did you know.

You'll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.

• Vacation Rentals
• Restaurants
• Things to do
• Moscow Tourism
• Moscow Hotels
• Moscow Bed and Breakfast
• Moscow Vacation Rentals
• Flights to Moscow
• Moscow Restaurants
• Things to Do in Moscow
• Moscow Travel Forum
• Moscow Photos
• All Moscow Hotels
• Moscow Hotel Deals
• Moscow Motels
• Moscow Campgrounds
• Moscow Hostels
• Moscow Business Hotels
• Moscow Spa Resorts
• Moscow Family Hotels
• Moscow Luxury Hotels
• Romantic Hotels in Moscow
• Moscow Green Hotels
• Moscow Ski-In / Ski-Out Hotels
• Moscow Resorts
• 5-stars Hotels in Moscow
• 4-stars Hotels in Moscow
• 3-stars Hotels in Moscow
• Rotana Hotels in Moscow
• Radisson Blu Hotels in Moscow
• Hampton by Hilton Hotels in Moscow
• AZIMUT Hotels in Moscow
• Marriott Hotels in Moscow
• Novotel Hotels in Moscow
• Crowne Plaza Hotels in Moscow
• Accor Hotels in Moscow
• InterContinental (IHG) Hotels in Moscow
• Radisson Hotels in Moscow
• Hilton Hotels in Moscow
• Holiday Inns in Moscow
• Moscow Hotels with Pools
• Pet Friendly Hotels in Moscow
• Moscow Hotels with Free Parking
• 3rd Transport Ring (TTK) Hotels
• District Central (TsAO) Hotels
• Garden Ring Hotels
• Boulevard Ring Hotels
• Tverskoy Hotels
• Red Square & Kitay-gorod Hotels
• Zamoskvorechye Hotels
• Meshchanskiy Hotels
• Presnensky Hotels
• District Eastern (VAO) Hotels
• Moscow Cheap Hotels
• Boutique Hotels in Moscow
• Moscow Heritage Hotels
• Hotels with Nightclubs in Moscow
• Moscow City Center Hotels
• Moscow Hiking Hotels
• Moscow Hotels with Game room
• Moscow Hotels with Lounge
• Moscow Hotels with Bridal Suite
• Moscow Hotels with Bike Rentals
• Hotels near Red Square
• Hotels near Moscow Metro
• Hotels near Saint Basil's Cathedral
• Hotels near Moscow Kremlin
• Hotels near High-Speed Train Sapsan
• Hotels near GUM
• Hotels near State Tretyakov Gallery
• Hotels near Tsaritsyno Museum-Reserve
• Hotels near Armoury Chamber
• Hotels near Bolshoi Theatre
• Hotels near Kremlin Walls and Towers
• Hotels near Gorky Central Park of Culture and Leisure
• Hotels near Kolomenskoye Historical and Architectural Museum and Reserve
• Hotels near PANORAMA360
• Hotels near (ZIA) Zhukovsky International Airport
• Hotels near (VKO) Vnukovo Airport
• Hotels near (DME) Domodedovo Airport
• Resorts Hedonism (Hedonism II Resort)
• Secrets Cap Cana Resort & Spa
• The Mirage Hotel & Casino
• Luxor Hotel & Casino
• Aulani, A Disney Resort & Spa
• Secrets Akumal Riviera Maya
• Hotel Tapasoli
• Excellence Oyster Bay
• Westgate Las Vegas Resort & Casino
• Hotel Riu Palace Kukulkan
• Excellence Riviera Cancun
• Giraffe Manor
• Dreams Las Mareas Costa Rica
• Moon Palace Cancun
• Popular All-Inclusive Resorts
• Popular Beach Resorts
• Popular Family Resorts
• Popular All-Inclusive Hotels
• Popular Hotels With Waterparks
• Popular Honeymoon Resorts
• Popular Luxury Resorts
• Popular All-Inclusive Family Resorts
• Popular Golf Resorts
• Popular Spa Resorts
• Popular Cheap Resorts
• All Moscow Restaurants
• Restaurants near Restaurant-Yacht Chaika
• BBQ Restaurants for Large Groups in Moscow
• Cafés in Moscow
• Fast Food Restaurants in Moscow
• Indian Restaurants with Delivery in Moscow
• Italian Restaurants in Moscow
• Japanese Restaurants in Moscow
• Mediterranean Restaurants in Moscow
• Mexican Restaurants for Special Occasions in Moscow
• Pizza in Moscow
• Russian Restaurants in Moscow
• Seafood Restaurants in Moscow
• Vegan Restaurants in Moscow
• Vegetarian Restaurants in Moscow
• Best Crab Cakes in Moscow
• Best Shrimp in Moscow
• Best Tuna in Moscow
• Best Hamburgers in Moscow
• Best Scallops in Moscow
• Best Fondue in Moscow
• Best Paella in Moscow
• Best Dim Sum in Moscow
• Best Pasta in Moscow
• Best Caviar in Moscow
• Best Crawfish in Moscow
• Best Crepes in Moscow
• Best Hummus in Moscow
• Best Green Curry in Moscow
• Best Sandwiches in Moscow
• Breakfast Restaurants in Moscow
• Lunch Restaurants in Moscow
• Dinner Restaurants in Moscow
• Bakeries in Moscow
• Buffet Restaurants in Moscow
• Coffee & Tea in Moscow
• Desserts in Moscow
• Food Delivery Restaurants in Moscow
• Kid Friendly Restaurants in Moscow
• Late Night Restaurants in Moscow
• Restaurants for Special Occasions in Moscow
• Restaurants with Outdoor Seating in Moscow
• Romantic Restaurants in Moscow
• American Restaurants in Khamovniki
• Arbat Restaurants
• Bars & Pubs in Arbat
• Basmanny Restaurants
• European Restaurants for Large Groups in Arbat
• Hamburgers in Patriarch Ponds
• Khamovniki Restaurants
• Maryina Roshcha (Jewish Quarter) Restaurants
• Patriarch Ponds Restaurants
• Presnensky Restaurants
• Private Dining Restaurants in Tverskaya
• Red Square & Kitay-gorod Restaurants
• Tverskaya Restaurants
• Yakimanka Restaurants
• Zamoskvorechye Restaurants
• GreenLeaders
• Things to Do
• Travel Stories
• Rental Cars
• Add a Place
• Travel Forum
• Travelers' Choice
• Help Center
• Europe    
• Russia    
• Central Russia    
• Moscow    
• Moscow Restaurants    

Restaurant-Yacht Chaika

Ratings and reviews, location and contact.

Pleasantly surprised, service is good so is the food. Great selection of Fusion food, a mixture of Italian, Japanese, European, Asian etc. A pleasantly nice dining experience, highly recommended, a must try!

Thank you for your feedback and invite you to have lunch or dinner again aboard the ship in an atmosphere of high standards of yacht hospitality.

everything was perfect - the food, the service, the desserts were the best, nice atmosphere and the location - magical

Best food, best view in Moscow. absolutely faultless from arrival to finish. Best risotto i had for many years absolutely perfectly cooked. The view on Ukrainian hotel and the white house by night is amazing

Had to wait for the food for 1.5 hours and then another 20 minutes for the check. Finally called for the manager and he offered... a 10% discount as a compensation. Simply pathetic! The food is mediocre at best. Not bad per se, but one... would expect something better considering the prices. There are many places to eat in area that are much better. Avoid this one at all costs. More

Hello, Alexander Your comment is extremely important for us, thank you a lot for it. We are terribly sorry for your time that you`ve spent waiting your order and we have already taken actions to improve quality of our service and it would be realy... More

Food is very expensive,very pretentious, doesn't worth that money. Portions are very small. We ordered ravioli and there were 4! Four raviolis! For almost 15 euros. Then we asked to bring us dessert menu but nothing, they didn't even bothered, so we payed and left... without dessert. Very poor service for that price. More

This is a very good restaurant. The food is really good, maybe the best in Moscow. The service is also good. The view from the restaurant is great. The prices are very high.

I often visit this restaurant and must say it’s one of the best in Moscow in terms of quality and service. Staff really try hard to make sure that you are happy and satisfied. Customer service is a huge problem in Moscow but Chaika sets... a great example for others in the industry! Food is delicious and the menu has lots of options for everyone! Atmosphere is great and view is beautiful on the embankment. Special thanks to German & Oleg! More

Thank you for your feedback! Again aboard the yacht restaurant "Chaika" in accordance with the high standards of yacht hospitality.

Highly recommended, great location in the city center of Moscow with a superb atmosphere. Too many menu choices, though all delicious!

Thx a lot for your review! We are looking forward to see you in our restaurants.

Visited this lovely restaurant with a friend of mine. It was relaxingly warm August evening - so the place on the river seemed like a good idea. We came quite early and the restaurant was not full. The hostesses kindly offered several places to sit... and we chose to sit on the sofas. We had some wine, which was good. We struggled a bit when deciding about the food as few options (scallops) were not available. Fish on ice on display did not look very fresh. To be honest it was an unusually hot August and it is probably understandable that some see food options were not available. However, we did manage to order something and sat waiting and looking onto the river. My long-legged friend struggled sitting at the low sofa and the manager noticed that, offering as a very good, proper table beside the open window. It was nice touch and I was very pleased by their polite observations and immediate reaction to solve the problem. Food was quite good and presentation was perfect. Perhaps I can something about the food, but 1 visit is not enough to criticize or make a definitive opinion. Overall, quality place, which of course, does not come cheap. I would recommend this restaurant without hesitation. More

Good afternoon! Thank you for your detailed feedback! We are looking forward to seeing you again, we are sure that you will be delighted with our dishes!

I've been here several times during two business trip in Moscow. The overall quality for both service and food is absolutely top-notch, plus the location is very unique.

Hello! Thank you for your feedback! We are looking forward to visiting again!

Located on a boat at Krasnopresenskaya River Bank this 5 Star Restaurant transforms into a party location due to multiple groups hosting events. Impressive wine selection, Asian and European kitchen...

Thx a lot! We are waiting for you!

It is a nice place to gather specially at the lounge The service and staff very good I like the river view The food is almost like all restaurants in Russia they serve different cuisine. Staring Russian appetizer till Asian dishes Presentation and taste amazing... I consider it overpriced little bit More

Good location. Nice views. Good choice of food and drinks. European and Asian menu. Nice service. Pricey enough.

Had a large group dinner here. Food was above average and service quite good. The real attraction is the view of Moscow from the river on a nice night. Great place for a larger group dinner. More

Hello, John We are really pleased by reading that you and your friends were satisfied by our service, client`s experience is the highest value for us. We will be happy to see you again, come and enjoy some new dishes from our chef and nice... More

The luxurious atmosphere of this place, the view and the location make it quite outstanding. We had dinner here with friends and the dishes were amazing, accompanied by a chilled bottle of Chablis, it really made me feel as if it was a part of... the classic Russian movie. More

RESTAURANT-YACHT CHAIKA, Moscow - Presnensky - Menu, Prices & Restaurant Reviews - Tripadvisor

• Service: 4.5
• Atmosphere: 4.5

A generative AI reset: Rewiring to turn potential into value in 2024

It’s time for a generative AI (gen AI) reset. The initial enthusiasm and flurry of activity in 2023 is giving way to second thoughts and recalibrations as companies realize that capturing gen AI’s enormous potential value is harder than expected .

With 2024 shaping up to be the year for gen AI to prove its value, companies should keep in mind the hard lessons learned with digital and AI transformations: competitive advantage comes from building organizational and technological capabilities to broadly innovate, deploy, and improve solutions at scale—in effect, rewiring the business  for distributed digital and AI innovation.

About QuantumBlack, AI by McKinsey

QuantumBlack, McKinsey’s AI arm, helps companies transform using the power of technology, technical expertise, and industry experts. With thousands of practitioners at QuantumBlack (data engineers, data scientists, product managers, designers, and software engineers) and McKinsey (industry and domain experts), we are working to solve the world’s most important AI challenges. QuantumBlack Labs is our center of technology development and client innovation, which has been driving cutting-edge advancements and developments in AI through locations across the globe.

Companies looking to score early wins with gen AI should move quickly. But those hoping that gen AI offers a shortcut past the tough—and necessary—organizational surgery are likely to meet with disappointing results. Launching pilots is (relatively) easy; getting pilots to scale and create meaningful value is hard because they require a broad set of changes to the way work actually gets done.

Let’s briefly look at what this has meant for one Pacific region telecommunications company. The company hired a chief data and AI officer with a mandate to “enable the organization to create value with data and AI.” The chief data and AI officer worked with the business to develop the strategic vision and implement the road map for the use cases. After a scan of domains (that is, customer journeys or functions) and use case opportunities across the enterprise, leadership prioritized the home-servicing/maintenance domain to pilot and then scale as part of a larger sequencing of initiatives. They targeted, in particular, the development of a gen AI tool to help dispatchers and service operators better predict the types of calls and parts needed when servicing homes.

Leadership put in place cross-functional product teams with shared objectives and incentives to build the gen AI tool. As part of an effort to upskill the entire enterprise to better work with data and gen AI tools, they also set up a data and AI academy, which the dispatchers and service operators enrolled in as part of their training. To provide the technology and data underpinnings for gen AI, the chief data and AI officer also selected a large language model (LLM) and cloud provider that could meet the needs of the domain as well as serve other parts of the enterprise. The chief data and AI officer also oversaw the implementation of a data architecture so that the clean and reliable data (including service histories and inventory databases) needed to build the gen AI tool could be delivered quickly and responsibly.

Creating value beyond the hype

Let’s deliver on the promise of technology from strategy to scale.

Our book Rewired: The McKinsey Guide to Outcompeting in the Age of Digital and AI (Wiley, June 2023) provides a detailed manual on the six capabilities needed to deliver the kind of broad change that harnesses digital and AI technology. In this article, we will explore how to extend each of those capabilities to implement a successful gen AI program at scale. While recognizing that these are still early days and that there is much more to learn, our experience has shown that breaking open the gen AI opportunity requires companies to rewire how they work in the following ways.

Figure out where gen AI copilots can give you a real competitive advantage

The broad excitement around gen AI and its relative ease of use has led to a burst of experimentation across organizations. Most of these initiatives, however, won’t generate a competitive advantage. One bank, for example, bought tens of thousands of GitHub Copilot licenses, but since it didn’t have a clear sense of how to work with the technology, progress was slow. Another unfocused effort we often see is when companies move to incorporate gen AI into their customer service capabilities. Customer service is a commodity capability, not part of the core business, for most companies. While gen AI might help with productivity in such cases, it won’t create a competitive advantage.

To create competitive advantage, companies should first understand the difference between being a “taker” (a user of available tools, often via APIs and subscription services), a “shaper” (an integrator of available models with proprietary data), and a “maker” (a builder of LLMs). For now, the maker approach is too expensive for most companies, so the sweet spot for businesses is implementing a taker model for productivity improvements while building shaper applications for competitive advantage.

Much of gen AI’s near-term value is closely tied to its ability to help people do their current jobs better. In this way, gen AI tools act as copilots that work side by side with an employee, creating an initial block of code that a developer can adapt, for example, or drafting a requisition order for a new part that a maintenance worker in the field can review and submit (see sidebar “Copilot examples across three generative AI archetypes”). This means companies should be focusing on where copilot technology can have the biggest impact on their priority programs.

Copilot examples across three generative AI archetypes

• “Taker” copilots help real estate customers sift through property options and find the most promising one, write code for a developer, and summarize investor transcripts.
• “Shaper” copilots provide recommendations to sales reps for upselling customers by connecting generative AI tools to customer relationship management systems, financial systems, and customer behavior histories; create virtual assistants to personalize treatments for patients; and recommend solutions for maintenance workers based on historical data.
• “Maker” copilots are foundation models that lab scientists at pharmaceutical companies can use to find and test new and better drugs more quickly.

Some industrial companies, for example, have identified maintenance as a critical domain for their business. Reviewing maintenance reports and spending time with workers on the front lines can help determine where a gen AI copilot could make a big difference, such as in identifying issues with equipment failures quickly and early on. A gen AI copilot can also help identify root causes of truck breakdowns and recommend resolutions much more quickly than usual, as well as act as an ongoing source for best practices or standard operating procedures.

The challenge with copilots is figuring out how to generate revenue from increased productivity. In the case of customer service centers, for example, companies can stop recruiting new agents and use attrition to potentially achieve real financial gains. Defining the plans for how to generate revenue from the increased productivity up front, therefore, is crucial to capturing the value.

Upskill the talent you have but be clear about the gen-AI-specific skills you need

By now, most companies have a decent understanding of the technical gen AI skills they need, such as model fine-tuning, vector database administration, prompt engineering, and context engineering. In many cases, these are skills that you can train your existing workforce to develop. Those with existing AI and machine learning (ML) capabilities have a strong head start. Data engineers, for example, can learn multimodal processing and vector database management, MLOps (ML operations) engineers can extend their skills to LLMOps (LLM operations), and data scientists can develop prompt engineering, bias detection, and fine-tuning skills.

A sample of new generative AI skills needed

The following are examples of new skills needed for the successful deployment of generative AI tools:

• data scientist:
• prompt engineering
• in-context learning
• bias detection
• pattern identification
• reinforcement learning from human feedback
• hyperparameter/large language model fine-tuning; transfer learning
• data engineer:
• data wrangling and data warehousing
• data pipeline construction
• multimodal processing
• vector database management

The learning process can take two to three months to get to a decent level of competence because of the complexities in learning what various LLMs can and can’t do and how best to use them. The coders need to gain experience building software, testing, and validating answers, for example. It took one financial-services company three months to train its best data scientists to a high level of competence. While courses and documentation are available—many LLM providers have boot camps for developers—we have found that the most effective way to build capabilities at scale is through apprenticeship, training people to then train others, and building communities of practitioners. Rotating experts through teams to train others, scheduling regular sessions for people to share learnings, and hosting biweekly documentation review sessions are practices that have proven successful in building communities of practitioners (see sidebar “A sample of new generative AI skills needed”).

It’s important to bear in mind that successful gen AI skills are about more than coding proficiency. Our experience in developing our own gen AI platform, Lilli , showed us that the best gen AI technical talent has design skills to uncover where to focus solutions, contextual understanding to ensure the most relevant and high-quality answers are generated, collaboration skills to work well with knowledge experts (to test and validate answers and develop an appropriate curation approach), strong forensic skills to figure out causes of breakdowns (is the issue the data, the interpretation of the user’s intent, the quality of metadata on embeddings, or something else?), and anticipation skills to conceive of and plan for possible outcomes and to put the right kind of tracking into their code. A pure coder who doesn’t intrinsically have these skills may not be as useful a team member.

While current upskilling is largely based on a “learn on the job” approach, we see a rapid market emerging for people who have learned these skills over the past year. That skill growth is moving quickly. GitHub reported that developers were working on gen AI projects “in big numbers,” and that 65,000 public gen AI projects were created on its platform in 2023—a jump of almost 250 percent over the previous year. If your company is just starting its gen AI journey, you could consider hiring two or three senior engineers who have built a gen AI shaper product for their companies. This could greatly accelerate your efforts.

Form a centralized team to establish standards that enable responsible scaling

To ensure that all parts of the business can scale gen AI capabilities, centralizing competencies is a natural first move. The critical focus for this central team will be to develop and put in place protocols and standards to support scale, ensuring that teams can access models while also minimizing risk and containing costs. The team’s work could include, for example, procuring models and prescribing ways to access them, developing standards for data readiness, setting up approved prompt libraries, and allocating resources.

While developing Lilli, our team had its mind on scale when it created an open plug-in architecture and setting standards for how APIs should function and be built.  They developed standardized tooling and infrastructure where teams could securely experiment and access a GPT LLM , a gateway with preapproved APIs that teams could access, and a self-serve developer portal. Our goal is that this approach, over time, can help shift “Lilli as a product” (that a handful of teams use to build specific solutions) to “Lilli as a platform” (that teams across the enterprise can access to build other products).

For teams developing gen AI solutions, squad composition will be similar to AI teams but with data engineers and data scientists with gen AI experience and more contributors from risk management, compliance, and legal functions. The general idea of staffing squads with resources that are federated from the different expertise areas will not change, but the skill composition of a gen-AI-intensive squad will.

Set up the technology architecture to scale

Building a gen AI model is often relatively straightforward, but making it fully operational at scale is a different matter entirely. We’ve seen engineers build a basic chatbot in a week, but releasing a stable, accurate, and compliant version that scales can take four months. That’s why, our experience shows, the actual model costs may be less than 10 to 15 percent of the total costs of the solution.

Building for scale doesn’t mean building a new technology architecture. But it does mean focusing on a few core decisions that simplify and speed up processes without breaking the bank. Three such decisions stand out:

• Focus on reusing your technology. Reusing code can increase the development speed of gen AI use cases by 30 to 50 percent. One good approach is simply creating a source for approved tools, code, and components. A financial-services company, for example, created a library of production-grade tools, which had been approved by both the security and legal teams, and made them available in a library for teams to use. More important is taking the time to identify and build those capabilities that are common across the most priority use cases. The same financial-services company, for example, identified three components that could be reused for more than 100 identified use cases. By building those first, they were able to generate a significant portion of the code base for all the identified use cases—essentially giving every application a big head start.
• Focus the architecture on enabling efficient connections between gen AI models and internal systems. For gen AI models to work effectively in the shaper archetype, they need access to a business’s data and applications. Advances in integration and orchestration frameworks have significantly reduced the effort required to make those connections. But laying out what those integrations are and how to enable them is critical to ensure these models work efficiently and to avoid the complexity that creates technical debt  (the “tax” a company pays in terms of time and resources needed to redress existing technology issues). Chief information officers and chief technology officers can define reference architectures and integration standards for their organizations. Key elements should include a model hub, which contains trained and approved models that can be provisioned on demand; standard APIs that act as bridges connecting gen AI models to applications or data; and context management and caching, which speed up processing by providing models with relevant information from enterprise data sources.
• Build up your testing and quality assurance capabilities. Our own experience building Lilli taught us to prioritize testing over development. Our team invested in not only developing testing protocols for each stage of development but also aligning the entire team so that, for example, it was clear who specifically needed to sign off on each stage of the process. This slowed down initial development but sped up the overall delivery pace and quality by cutting back on errors and the time needed to fix mistakes.

Ensure data quality and focus on unstructured data to fuel your models

The ability of a business to generate and scale value from gen AI models will depend on how well it takes advantage of its own data. As with technology, targeted upgrades to existing data architecture  are needed to maximize the future strategic benefits of gen AI:

• Be targeted in ramping up your data quality and data augmentation efforts. While data quality has always been an important issue, the scale and scope of data that gen AI models can use—especially unstructured data—has made this issue much more consequential. For this reason, it’s critical to get the data foundations right, from clarifying decision rights to defining clear data processes to establishing taxonomies so models can access the data they need. The companies that do this well tie their data quality and augmentation efforts to the specific AI/gen AI application and use case—you don’t need this data foundation to extend to every corner of the enterprise. This could mean, for example, developing a new data repository for all equipment specifications and reported issues to better support maintenance copilot applications.
• Understand what value is locked into your unstructured data. Most organizations have traditionally focused their data efforts on structured data (values that can be organized in tables, such as prices and features). But the real value from LLMs comes from their ability to work with unstructured data (for example, PowerPoint slides, videos, and text). Companies can map out which unstructured data sources are most valuable and establish metadata tagging standards so models can process the data and teams can find what they need (tagging is particularly important to help companies remove data from models as well, if necessary). Be creative in thinking about data opportunities. Some companies, for example, are interviewing senior employees as they retire and feeding that captured institutional knowledge into an LLM to help improve their copilot performance.
• Optimize to lower costs at scale. There is often as much as a tenfold difference between what companies pay for data and what they could be paying if they optimized their data infrastructure and underlying costs. This issue often stems from companies scaling their proofs of concept without optimizing their data approach. Two costs generally stand out. One is storage costs arising from companies uploading terabytes of data into the cloud and wanting that data available 24/7. In practice, companies rarely need more than 10 percent of their data to have that level of availability, and accessing the rest over a 24- or 48-hour period is a much cheaper option. The other costs relate to computation with models that require on-call access to thousands of processors to run. This is especially the case when companies are building their own models (the maker archetype) but also when they are using pretrained models and running them with their own data and use cases (the shaper archetype). Companies could take a close look at how they can optimize computation costs on cloud platforms—for instance, putting some models in a queue to run when processors aren’t being used (such as when Americans go to bed and consumption of computing services like Netflix decreases) is a much cheaper option.

Build trust and reusability to drive adoption and scale

Because many people have concerns about gen AI, the bar on explaining how these tools work is much higher than for most solutions. People who use the tools want to know how they work, not just what they do. So it’s important to invest extra time and money to build trust by ensuring model accuracy and making it easy to check answers.

One insurance company, for example, created a gen AI tool to help manage claims. As part of the tool, it listed all the guardrails that had been put in place, and for each answer provided a link to the sentence or page of the relevant policy documents. The company also used an LLM to generate many variations of the same question to ensure answer consistency. These steps, among others, were critical to helping end users build trust in the tool.

Part of the training for maintenance teams using a gen AI tool should be to help them understand the limitations of models and how best to get the right answers. That includes teaching workers strategies to get to the best answer as fast as possible by starting with broad questions then narrowing them down. This provides the model with more context, and it also helps remove any bias of the people who might think they know the answer already. Having model interfaces that look and feel the same as existing tools also helps users feel less pressured to learn something new each time a new application is introduced.

Getting to scale means that businesses will need to stop building one-off solutions that are hard to use for other similar use cases. One global energy and materials company, for example, has established ease of reuse as a key requirement for all gen AI models, and has found in early iterations that 50 to 60 percent of its components can be reused. This means setting standards for developing gen AI assets (for example, prompts and context) that can be easily reused for other cases.

While many of the risk issues relating to gen AI are evolutions of discussions that were already brewing—for instance, data privacy, security, bias risk, job displacement, and intellectual property protection—gen AI has greatly expanded that risk landscape. Just 21 percent of companies reporting AI adoption say they have established policies governing employees’ use of gen AI technologies.

Similarly, a set of tests for AI/gen AI solutions should be established to demonstrate that data privacy, debiasing, and intellectual property protection are respected. Some organizations, in fact, are proposing to release models accompanied with documentation that details their performance characteristics. Documenting your decisions and rationales can be particularly helpful in conversations with regulators.

In some ways, this article is premature—so much is changing that we’ll likely have a profoundly different understanding of gen AI and its capabilities in a year’s time. But the core truths of finding value and driving change will still apply. How well companies have learned those lessons may largely determine how successful they’ll be in capturing that value.

The authors wish to thank Michael Chui, Juan Couto, Ben Ellencweig, Josh Gartner, Bryce Hall, Holger Harreis, Phil Hudelson, Suzana Iacob, Sid Kamath, Neerav Kingsland, Kitti Lakner, Robert Levin, Matej Macak, Lapo Mori, Alex Peluffo, Aldo Rosales, Erik Roth, Abdul Wahab Shaikh, and Stephen Xu for their contributions to this article.

This article was edited by Barr Seitz, an editorial director in the New York office.

Explore a career with us

Related articles.

The economic potential of generative AI: The next productivity frontier

Rewired to outcompete

Meet Lilli, our generative AI tool that’s a researcher, a time saver, and an inspiration