5 Ways for succeeding with Artificial Intelligence
As artificial intelligence is already impacting nearly every aspect of our lives, a lot of traditional business will be embracing AI over the next couple of years. The potential for rational and fair outcomes, is the belief that AI can make the world of equal opportunity. The capability to use AI to complement decision-making, remaking business models, and reinvent the customer experience will drive the payoff for digital initiatives through 2025. Regardless our personal view, 81% of Fortune 500 CEOs, think of Artificial Intelligence and Machine Learning as very important for their company’s future. Here are five things to help your business succeed in 2018.
1. Don’t be afraid of AI
There are a lot of people that think of AI as something fearful. We have been using artificial intelligence for years, the only thing that is different today is the aggressive increase in computing power. While powerful AI algorithms will be used to allow them a unique rating that will impact what kind of government services or commercial services they will access, so we need to get ready AI is already here, and we need to learn about what it can or can’t do.
2. Focus on developing new ways of working
Companies should focus on solving problems not technology. It has come a day when companies should make a decision whether they want to improve what they are doing or implement new ways of working that couldn’t be done before. Using artificial intelligence to make the current processes, services and products better, it is more likely to make a better return. Every company must be constantly on the observation to find new ways on how to be faster better and cheaper.
3. Find a way to improve the entire system
Artificial intelligence can improve the work environment and even the people component of your operation. But there are many components to the total system that enables work to be accomplished. One of the first things that comes to our mind when we think of AI is that the need for human involvement will decrease as the artificial intelligence increases. A new report from Paysa suggests automation jobs will put 10,000 people to work, and big companies will spend $650 million on annual salaries to make it happen.
4. Technology transformation, should be everyone’s responsibility
You should make the application of artificial intelligence, the business part of everyone’s job. Start by motivating your team to be better tomorrow, than they are today. This allows changes, and it provides the space needed for new ideas to grow.
5. Use Artificial Intelligence continuously
Artificial Intelligence is not something you do in addition to your “regular” business. It is an important indicator on how businesses will be conducted in the future. Decisions that are necessary to drive change in your business can be purchased or rent, meaning that they can be done without you knowing how the technology works. In this new age we can’t treat learning as finite, but you have to commit to continuously learn and adapt AI as part of your company or business as for the fact that AI is the future, and we need to move to a world where there is lifelong learning.
