AI and ML: Game Changers for the Enterprises – Enterprise It World

Artificial Intelligence and Machine Learning are two of the disruptive forces in the industry today. Being in their early stages, they already have the potential to absolutely change the way business decisions are made in the organization. AI/ML favors companies with significant data stores on historic operations. So, it favors companies with scale and those who have invested in ERP, CRM, MES, Sensor Data, etc. and kept historic data. Very small companies and those that have thrown out historic data will be at a disadvantage." Conversations around Artificial intelligence and Machine Learning began in the 1950s. It was then that people started talking about these technologies academically, in relation to the business and what they could generally mean for the development of computer science. In 2019, AI and ML's all-encompassing presence within the business operations have transformed them from merely a niche solution to a mainstream disruptive force. Anil Arora, Principal Data Scientist, SAS India notes that an explosion of data sources, low costs of computational power and advancements in methods and algorithms are the catalysts that have led to the advancement of AI and ML over the last decade. Artificial intelligence is poised to unleash the next wave of digital disruption, and companies should prepare for it now. AI promises benefits, but also poses urgent challenges that cut across firms, developers, government, and workers. The workforce needs to be reskilled to exploit AI rather than compete with it."