It has also been witnessed that Artificial Intelligence (AI) is making analytics more effective and efficient at workplaces too.
Enterprises expect considerably more data to be made in the years to come as compared to data generated today.
It’s believed that AI is now beginning to enter workplaces and corporate organizations, 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 assistance, and analyze unstructured data created by everyday devices. Experts predict that more than 62 percent enterprises would start implementing AI applications in some manner by the end of 2018 and a major reason behind this are a lot of advantages AI has provided to the enterprises.
According to a survey by Demand foundation, about 80 per cent of decision makers predict that AI will revolutionize marketing by 2020.
AI along with neural networks decipher discrete data right away, and be sure a perfect solution is put at the decision maker’s fingertips. The data being generated is always being updated, which also means the machine learning models also will be updated at regular intervals. The enterprises would be able to access up-to-date data – breakthrough insights — which can be helpful for quickly changing business environments. Here are just three main ways in which AI benefits offices:
1. Faster decision-making with more assurance: What if something goes wrong with the production plant in your business, what could you fix ? I am sure the majority of the employees working on that plant would be clueless. In such cases, AI helps the maintenance team to determine what to fix first with confidence, as AI would automate and line up the decision-making processes for the maintenance team.
2. Obtaining insights from Big Data: An exciting opportunity after implementing AI on your workplace is AI’s ability to comprehend and understand patterns in Big Data that people can’t.
3. Protecting sensitive data: AI enables elimination of human error which in turn helps improve output quality and strengthen cyber security.
A noticeable difference has been seen in the roles of workers, after deployment of AI. More focus is given on managing and on implementing strategic initiatives and at exactly the same time analytic tools automate and scale information to facilitate better decision-making.
Let’s look at how AI is improvising work landscape:
• Creating new technologies related occupations: A report by Truly predicts that there is an increase in demand for workers with AI skills during the last couple of years. Whenever there’s shortage of job seekers who can fulfill that need, it gets the abilities more valuable for those who would possess them.
According to a Digital Ocean report, 26 percent of developers are using AI-based tools in their work processes, and about 81 per cent are keen in getting educated about the automated tools.
The same study also found that in 2016 around 5,190 workers perished due to workplace injuries. About 14 per cent automation could be saving lives as high as approximately 3,500 each year by end of 2030. Hence, rather than thinking how AI is taking jobs away, it is time to think how many hazardous jobs humans will not need to do in the days to come.
These were some ways that you can step up your companies using AI. What are your ideas about AI? Have you implemented it on your business, already?