Is artificial intelligence poised to disrupt your industry?

The term “artificial intelligence” (AI)-referring to the utilization of computer systems to perform tasks that commonly need human understanding has been around for nearly sixty years. However, it’s recently that AI seems on the brink of revolutionizing industries as varied as health care, law, journalism, aerospace, and producing, with the potential to deeply affect how people live, work, and play.

Many forces have converged to bring AI into its own. Exaggerated process power makes it attainable for computers to execute complicated tasks at speeds once unimaginable at a value that has fallen rapidly. The ramp-up in cloud computing and therefore the outsourcing of information storage, that has return down considerably in worth, have allowed firms to develop and use AI applications. Quality and information measure presence create it attainable for staff to access applications from most remote locations. Finally, our progressively subtle understanding of however the human brain works and our ability to plant brain-like components into computers have engendered such capabilities as voice and pattern recognition, language learning, and machine learning.

Product applications plant AI in an exceedingly product or service to produce end-customer edges. Examples embrace Netflix’s recommendation engine and therefore the use of computer vision to boost automobile safety.

Process applications incorporate AI into an organization’s progress to either modify processes or improve them by augmenting employee effectiveness. Machine-driven voice response systems are used for a few years currently to interchange human client service agents for first-tier client support.

Leaders in all industries got to be considering whether or not, how, and wherever they must finance in AI-based technologies. This implies understanding the out there AI technologies and so analyzing existing and potential business processes, staffing models, information assets, and markets to spot ways in which AI is wont to improve quality, speed, and practicality, yet on drive top-line revenue growth.