Artificial Intelligence has acquired breakneck speed of late
to the extent that warnings have been issued of machines taking over too fast.
In Business, the time to make full use of the technologies underpinning the
field is surely now or never. With delegation of noncreative tasks to the
machine, employees will have the time to focus on key aspects of the business
that deliver added value to customers. The focus will shift to research and the
development of jobs related to the availability of rapid-fast deductions by
machines on what is going on with customers and markets.
Aiding business intelligence
With machine-deduced insights, decision makers will have
their hands full in responding to alerts that are generated by the system.
Further detail can be picked out by using the customization capabilities of the
Machine Learning process. With all future business patterns discerned in
advance and all events responded to with precision, businesses are going to be
beehives of activity with activities that are guided to the last detail. The
next stage of business development will be led by analysts who assist the AI
system to generate key knowledge streams.
Staying on Track
Businesses that get into the AI revolution will be able to
mop up all the small bits and pieces of profitable activities while keeping
even the miniscule loss-making parts out of the equation. As companies master
this efficiency phenomenon, they will discover more advanced capabilities of AI
down the track. It is Win-Win when AI is adopted early, in the near-term and
the long term. Without an AI game plan, businesses will be falling back more
and more with each quarter.
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