We all know how Internet of Things (IoT) has made it possible to turn everyday devices into sources of raw data for analysis in order to generate business insight. It has also been witnessed that Artificial Intelligence (AI) is making analytics more productive and efficient at workplaces too.
Enterprises expect much more data to be generated in the years to come as compared to the data generated today.
It is believed that AI is now beginning to enter workplaces and corporate organizations, and this change has made leaders revisit their business processes and functions. These days, startups are adopting AI technology to reduce manpower, increase work efficiency and save time. AI can generate insights, provide remote and virtual assistance, and analyze unstructured data generated by everyday devices. Specialists predict that more than 62 per cent enterprises would start implementing AI applications in some way by the end of 2018 and a major reason for this are a lot of benefits AI has provided to the enterprises.
According to a survey by Demand base, about 80 per cent of decision makers predict that AI will revolutionize marketing by 2020.
AI along with neural networks decipher discrete data in no time, and make sure a perfect solution is placed 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 access up-to-date information – breakthrough insights -- that can be useful for rapidly changing business environments. Here are three most important ways in which AI benefits workplaces:
A noticeable difference has been seen in the roles of employees, after deployment of AI. More attention is given on managing and on implementing strategic initiatives and at the same time analytic tools automate and scale data to facilitate better decision-making.
Let’s look at how AI is improvising work landscape:
These were some ways in which you can step up your businesses using AI. What are your thoughts about AI? Have you implemented it in your organization, already?