Westend61 Getty Images Coming-of-age technology, known as artificial intelligence, is blowing a heavy wind across the world, raising dust in various spheres and generating intellectual discourse among scholars about the fate of humanity. The assertion that "robots are taking over" is a bitter pill to swallow as it creates panic among employees. The 2017 McKinsey Global Institute Report reiterates this assertion, revealing that, by 2030, a good number of people will be forced to acquire new skills because their jobs will be performed by machines. Findings from WorkMarket's 2020 In(Sight) Report: What AI and Automation Really Mean for Work reveal that employers may not be bothered, on the contrary, if they are open to the prospects of artificial intelligence in the workplace. Seventy-eight percent of business leaders believe that 360 hours can be saved annually by the input of automation through artificial intelligence.
Here's why every business owner need to repurpose their business operations with Artificial Intelligence We all keep throwing around the term that we are in the fourth industrial revolution. But not all of us know what that actually means. Cyber-physical systems are business tools and practices that include both the human and artificial intelligence intervention, working collaboratively to meet a common goal in an effective manner. For a business to run effectively, it has to leverage the implementation of artificial intelligence as much as possible. "The playing field is poised to become a lot more competitive, and businesses that don't deploy AI and data to help them innovate in everything they do will be at a disadvantage."
Artificial intelligence refers to the creation of human intelligence in machines that are programmed to act like humans. This means, carrying out human activities including learning, planning, and problem-solving. Ai is a broad term that mimics human behavior with the aim of solving problems faster and better than we do. It is created not to only have a significant impact on content writing but also healthcare, entertainment, and even any area of our lives we can think of. Many people still associate artificial intelligence with science fiction that is an awful technology to adapt to, or take into the system but AI develops and becomes more commonplace in our daily lives. Artificial intelligence is actually good news which I guess so many people are happy about as long as it is controlled by humans but the bad news is that one-day computers might be as smart as humans or probably smarter than us.
There's often a misconception that artificial intelligence (AI) is only applicable to businesses in the B2C space. It's thought that since B2C companies have more customers, they have more data to leverage to make AI impactful. However, this couldn't be further from the truth. AI is as relevant to a B2B company as it is to a B2C company. It's important for every B2B company to evaluate the ways AI can help them produce better products, provide better services, and improve business processes.