Artificial intelligence (AI) and Machine learning (MI) have evolved from just being mere theories. There are several innovations & applications achieved by organizations to yield more favorable and reliable results.
Reports published by strategic research leaders like Forbes Insights, in sync with Dell Technologies and Intel, indicate that Artificial Intelligence is critical to a sustainable Digital Transformation, however merely a fourth of Chief Executives have adopted AI technologies for their businesses. Let’s look at the effect of AI on business and how the winners are falling in love with it.
AI FOR BUSINESS
Multiple organizations have been effectively automating their operations using AI-based systems, and very soon we will shift off from the manual handling of the digital information. To survive, businesses will need to introduce AI-enabled systems for their operations, which again will improve their productivity and financial returns.
Nowadays, simply having a product or a service to offer is not enough to call yourself a successful business. You will need to reach out and communicate with your consumers while improving the user experience for them. Be it a B2B or B2B company, process automation and adaptability are the keys to have a competitive advantage.
How to implement AI in your business process?
- Alter or adjust your job role within the automation process first and then infuse it into your new company culture.
- Gather a team of your employees who can adapt and ace the integration of AI technologies.
- Muster the data required to train your AI system.
- You can also hire someone with AI expertise to develop your automation solution. Here is one of the leading digital solutions company that provides AI as a service.
- It will be wise to hire a dedicated employee, who can be trained with the new process and helps your processes evolve and adapt with time.
- Drive, analyze, and experiment with the new system.
AI will go a long way
AI replacing the human workforce.
With the current advancement in AI technology, the near future will have artificial intelligence-based systems with higher learning abilities than humans.
AI will be our savior against cyberattacks.
AI can learn fast and adapt effectively against propelling cyberattacks. It is going to be at the forefront of monitoring & defending from digital threats.
Becoming the creative inventor
With the current research and development going on with AI, it is not very distant when the AI will be able to produce the perfect art, content, and strategies, perhaps an entire human personality. It will be very tough to differentiate in the work of a human and an AI-based system.
The future sounds incredible, AI improving business operations and eliminating any gaps in growth strategies. But this might take a hit, as most of the corporations and institutions are still on the manual mode, and their willingness to adopt and adapt AI will become the main roadblock to their growth.
According to a report by IDC, by the end of 2020, almost 30% of the business operations will be automated, and by 2030, almost 20% of the businesses will have AI integrated into their processes. The report claims that AI will have a four-fold impact on efficiency and productivity in the future.