Obstacles in A.I. Implementation
The development and advancement of artificial intelligence is very important in its own future but implementation and use of said artificial intelligence is necessary for its future. Any technology can be seen as a great aid and advancement in future business but if no businesses actually implement it then that technology is ignored and forgotten. In order for artificial intelligence to be in actual use and develop within business, businesses must face and overcome the initial obstacles of implementing artificial intelligence.
Initial Obstacles in A.I.
In the “Analysis of the Impact of Artificial Intelligence Application on the Development of Accounting Industry” the authors talk about the first obstacles that businesses face when implementing artificial intelligence into their business for the first time. Many businesses will have problems with the lack of experience of artificial intelligence and the high initial investment. This can have negative effects on the experiences and future use of artificial intelligence within businesses.
Lack of Experience
In the beginning even before implementation of artificial intelligence, business can have trouble with understanding the potential of A.I. For example, “Currently, the application of automation technology is more extensive, and the application scope is mainly at the level of financial reporting. It has not yet entered the core areas of accounting such as financial analysis, and has not yet exerted an influence that can drive the change of accounting standards” (Luo, 2018). In other words, if businesses only use A.I. in its simply automated work then the true potential and benefits that A.I. possesses is wasted and unable to be develop or advance. In this case, businesses need to invest time and money into researching and effectively implementing A.I. in order to gain all its benefits.
Initial Investment
Businesses wanting to implement A.I. in the workplace must first be willing to put forth the high investment. Many are not willing as its stated, “Given the high investment and slow return, many enterprises may focus on short-term profits instead of making strategic adjustments and thus stop the introduction of artificial intelligence technology” (Luo, 2018). That is if businesses aren’t willing to provide the large investment then A.I. will no longer spread and advance as a technology. Even though artificial intelligence is a huge investment and has many operating costs, businesses must see this as a long-term investment that will greatly grow their company and bring many benefits to them in their business as a whole. This will greatly make their company stand out and be more efficient as well as increasing customer satisfaction.
Reference
Luo, J.X., Meng, Q.J. and Cai, Y. (2018) Analysis of the Impact of Artificial Intelligence Application on the Development of Accounting Industry. Open Journal of Business and Management, 6, 850–856. Retrieved from http://file.scirp.org.gate.lib.buffalo.edu/Html/4-1530654_87045.htm
