It has also been observed that Artificial Intelligence (AI) is making analytics more productive and efficient at workplaces too.
Enterprises expect much more information to be generated in the years to come as compared to data generated today.
It’s believed that AI is now starting to enter offices and corporate associations, and this shift has made leaders rethink their business processes and functions. These days, startups are adopting AI technology to reduce manpower, enhance work efficiency and save time. AI can generate insights, provide virtual and remote support, and analyze unstructured data generated by everyday devices. Specialists predict that more than 62 per cent enterprises would start implementing AI software in some way at the end of 2018 and a major reason behind this are a good deal of benefits AI has provided to the enterprises.
According to a survey by Demand base, about 80 percent of decision makers predict that AI will revolutionize marketing by 2020.
AI together with neural networks decode different data in no time, and be sure a perfect solution is put at the decision maker’s fingertips. The data being generated is continuously being updated, which also means the machine learning models too will be updated at regular intervals. The enterprises would be able to get up-to-date information – breakthrough insights — that can be useful for quickly changing business environments. Here are just three main ways in which AI benefits offices:
- Quicker decision-making with more assurance: What if something goes wrong with the production plant at your industry, what would you fix ? I am sure the majority of the employees working on that plant would be clueless.
- Protecting sensitive information: AI enables elimination of human error which in turn helps improve output and strengthen cyber security.
A noticeable difference was seen in the roles of employees, after deployment of AI. More attention is given on handling and on implementing strategic initiatives and at the exact same time analytical tools automate and scale information to facilitate better decision-making.
• Creating new technologies related occupations: A report by Truly predicts that there’s an increase in demand for workers with AI skills over the last few years. Whenever there’s shortage of job seekers that can meet that need, it gets the skills more valuable for people who would possess them.
• Using machine learning how to reduce active work: By allowing automation to complete their mission critical tasks, workers can free up their time for other essential tasks. According to a Digital Ocean report, 26 percent of programmers are using AI-based tools in their work processes, and about 81 percent are keen in becoming educated about the automatic tools.
The same study also found that in 2016 around 5,190 workers perished due to workplace accidents. About 14 percent automation could be saving lives as high as approximately 3,500 per year by end of 2030. Hence, rather than thinking how AI is taking away jobs, it is time to think how many hazardous jobs humans will not have to do in the days to come.
These were some ways that you can step up your businesses using AI. What are your ideas about AI? Have you implemented it in your business, already?