It has also been observed that Artificial Intelligence (AI) is making analytics more productive 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 thought that AI is now beginning to enter workplaces and corporate associations, and this change has made leaders revisit their business processes and functions. Nowadays, 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 per cent enterprises would begin implementing AI applications in some manner by the end of 2018 and a significant reason for this are a lot of benefits 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 together with neural networks decode different data right away, and make sure a perfect solution is put at the decision maker’s fingertips. The information being generated is always being upgraded, which also means the machine learning models also will be updated at regular intervals. The enterprises would be able to get up-to-date data – breakthrough insights — that can be useful for rapidly changing business environments. Here are just three most important ways in which AI benefits workplaces:
1. Quicker decision-making with more assurance: What if something goes wrong with the production plant in your business, what would you fix first? I am sure most of the workers working on this plant would be clueless. In such instances, AI aids the maintenance team to determine what to fix first with confidence, as AI would automate and line up the decision-making procedures for the care team.
2. Obtaining insights from Big Data: An exciting opportunity after implementing AI on your office is AI’s ability to comprehend and understand patterns in Big Data that people can’t.
3. Protecting sensitive information: 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 employees, after installation of AI. More focus is given on managing and on implementing strategic initiatives and at exactly the exact same time analytical tools automate and scale data to facilitate better conclusion.
• Creating new technologies related occupations: A report by Truly predicts that there is an increase in demand for employees with AI skills over the last few years. When there’s lack of job seekers who can fulfill that need, it makes the skills more valuable for people who possess them.
According to a Digital Ocean report, 26 per cent of programmers are using AI-based tools in their work processes, and about 81 per cent are keen in getting educated about the automatic tools.
The same study also found that in 2016 around 5,190 workers perished because of workplace accidents. About 14 percent automation could be saving lives as high as approximately 3,500 per year by end of 2030. Hence, instead of thinking how AI is taking away jobs, it is time to think how many toxic 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 thoughts about AI? Have you implemented it on your business, already?