Artificial Intelligence — Where Do You Start?
At Blockverse, we believe in the power of data. Not only can data reveal important information, but it can also provide you with the details needed to make strategic decisions. Thanks to recent advancements in technology, data collection and management is easier than ever.
One field of data technology that is becoming increasingly popular is machine learning and Artificial Intelligence (AI). Researchers anticipate that by 2020, 85 percent of customer interactions will be managed through AI.
Is your business ready for AI? Here’s a quick guide to help you become more familiar with this developing tech trend.
Preparation is Everything
No one denies the value of data for business decisions, but up until now, it has been an arduous process to collect and manage data effectively. However, AI and machine learning are changing that. If you value efficiency, then you should be excited at the possibilities that machine learning algorithms present businesses.
AI and machine learning work much like statistical models that are created to predict future events based on historical evidence. Rather than manually collecting, cleaning, and creating these predictive models, hardware and software are being designed to do it for you — in real time.
The AI world is in its infancy, so there are still learning curves for the technology and its users. Because AI will affect all markets and industries, it’s important for businesses and users to prepare for those changes.
Below are a few key points for you to consider as you prepare to work with Artificial Intelligence.
Future-proof
You should anticipate changes within your industry, market, and user-base. Do not build an antiquated system — rather, prepare your business to handle rapid changes when they arise. Creating agile teams is one of the best ways to future-proof your organisation.
Versatile Tools
Technology is going to continue to improve. Rather than using outdated technology that requires manual input and management, find solutions that are versatile and compatible across different sectors.
Every business has immense data in various areas such as customer relationship management (CRM), employee data, invoices, web traffic, etc. Much could be gleaned from this data if we had more visibility into their correlations. Find versatile solutions that can work with multiple data sets and across all your departments.
Automated Solutions
Humans are prone to making mistakes, especially when it comes to mundane tasks like data input or labeling. Much of these recurring tasks can be automated using a technological solution. By mitigating the number of manual steps and wasted human resources, you can save money and prevent errors.
Accurate Data
To improve the value of your data management, the information needs to be 100 percent accurate. Missing, incomplete, or inaccurate data renders AI and machine learning useless. Implement systems in the data collection stage to prevent issues with the accuracy of your data.
Don’t Get Left Behind
AI and machine learning are not going away. In the next decade, industries and consumers will see a rapid shift towards an AI-based relationship. If you neglect to prepare, you risk becoming obsolete.
When preparing for the growth of AI in your business, aim to create agile teams, use versatile systems, find automated solutions, and mitigate poor data. These are just a few of the many steps to preparing your business for the AI revolution, but they are the pillars for handling this new frontier.
Our blockchain solution based on API and real-time allows you to automate data processes, getting 100% accurate data and powerful insights promoted by our data expert teams.
