How To Prepare Your Company For AI Revolution

Many people are still not fully aware of AI. They have the tendency of seeing AI into the light of fiction movies or novels in which the technology is portrayed to take over the world or robots doing things for humans. They believe that AI is here to change the future of humans or, to do something as shown the Hollywood’s movie, Terminator.

On the other hand, realty is totally different. AI isn’t the technology for something bad. It’s here to make whatever good possible, for all good reasons, to bring positive changes in our lives. In fact, most of the people using smartphones, laptops, and other technology connected things may already be using AI.

Will AI emerge as the Mainstream Technology in 2019 and years ahead?

Today, businesses across industries are looking at AI and exploring possibilities of improving their process by using this technology. AI is now the core conversation among businesses continuously doing innovations to stay in the competition. So, businesses, regardless of their sizes or types, are considering AI to solve real life business problems with the help of AI technology.

Now, with hardware and software development technology becoming cheaper, as well as the smartphone mobility turning into the first computing screen, not only large-sized corporations but also, SMEs too can afford the technology of AI. The growth in the adoption is quite noticeable and, it simply shows that new businesses will implement the AR technology much before large organizations companies. 

Opportunities for AI in different Industries

AI can be used by businesses to simplify and deal with a number of challenges. AI can power intelligent solutions to increase sales, improve customer experience, detect frauds, automate processes, and carry out predictive analysis. Businesses engaged in industries like healthcare, automation, logistics, finance, and banking are adopting the AI app development to take the benefits of the technology.

  • AI provides better tools for the early diagnose of diseases.
  • AI can be adopted to realize the concept of autonomous cars.
  • The AI-powered technology for fraud detection helps finance companies provide more secure and transparent services.
  • Many companies are able to better perform inventory and delivery operations with AI-powered solutions.
  • With AI, retailers are able to map consumer behavior. The data they acquire can be used to design customized strategies to reach and influence more customers.
  • Electricity providers can decrease power consumption with the help of AI-enabled smart meters and grids.   

AI is behind making modern chatbots and virtual assistants such intelligent. Alexa, Home, Siri, and Cortana are popular because they use AI algorithms to deliver results to users. These virtual assistants aren’t just for individual users, but many businesses are also applying them to make their operations simpler and more productive. We will see these technologies to shape up the behaviors of consumers. In the future, most of the transactions between businesses and their consumers will be executed with the support AI. The technology will ensure high level of transparency and safety.

Organizations exploring about the actual potential of AI

Organizations engaged in different industries are implementing AI based solutions to improve their efficiency and productivity. With these solutions, organizations can automate a variety of operations and reduce the errors caused by humans. These solutions provide organizations with enhanced abilities of learning, getting smarter, and delivering better outcomes.

Today, these benefits driven by AI application development are well recognized by many businesses. Many small-medium organizations are seen with the growing interest of exploring possibilities by adopting the technology.

There are many organizations that are already making better decisions by using AI-based solutions.

Adopting AI for your organization

Now with several implementations being carried out across industries, there is, in fact, a real fear of lagging behind in the race. Of course, we are at the beginning of the AI revolution. But no company can still ignore the possibility of taking advantage of the technology as well as making better future-plans and applying them at the work place. As of a Gartner’s survey of 2018, only 4% of survived companies have so far made investments in and deployed AI. But the good news is that almost all have future plans to adopt the technology.  

Haven’t you still thought of having AI solutions for your organizations? Well, it’s not too late. Here are the steps you can take:

Understand your business requirements

Before you go for an AI implementation, take a deep look into your business to understand whether it really needs an AI-based solution or not. With AI comes predictive analytics to your businesses. AI also automates a variety of tasks. So, you will need to make a decision about the right application for the development of your AI solution.

Understand related risks

There are certainly some associated risks when you implement AI solutions. The best way to deal with these risks is to keep on learning from them. Try with small AI initiatives and then learn what you achieve through critical evaluation or failure. This is now the only way to implement AI because there is no enough documentation available.

Find AI resources

A huge gap exists between the acceptance of AI technology and the developer, who will implement it. The market still has a limited number of developers to work on AI technology. Actually, many companies engaged in the AI development still do not have a scalable and affordable IT mechanism that supports the AI software development. So, before an organization hires developers to do its AI, it’s recommended that it first find all resources it has, learn about them, and get the right solutions.

Develop with the right background

Finally, because AI belongs to the advanced technologies, you will always need people with advanced skills to handle your project. Also, you would need to maintain the right culture. A company with plans to implement AI will need to invest in these things too.

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