3 Ways Artificial Intelligence Has Begun to Change Businesses Velocity Global

Artificial Intelligence (AI) is no longer a futuristic concept; it's here and, for all its imperfections and shortcomings, has already begun to change the way some businesses operate. For starters, just the sheer number of businesses adopting some sort of AI application has risen significantly in recent years. According to a recent report by Narrative Science, 38% of executive respondents said that in 2016 they used AI in some manner in their business. Twelve months later, 61% of respondents were harnessing AI applications in their day-to-day, and that number is only predicated to grow in the coming years, across virtually all industries. But how are AI and machine learning being used in early 2019? Currently, the most common uses for both are in improving efficiencies or worker productivity, informing future business decisions, and streamlining processes, at 51%, 41%, and 39%, respectively--and both small and large businesses alike are steadily implementing AI as part of their short- and long-term objectives.