We all know how the Internet of Things has made it possible to turn everyday products into sources of raw data for examination in order to generate business insight. It has also been witnessed that Artificial Cleverness (AI) is making analytics more successful and efficient at workplaces too.
Enterprises expect much more statistics to be generated in the years to come in comparison with the figures produced today.
It is believed that AI is now beginning to enter workplaces and corporate organisations, and this modification has made leaders revisit their business processes and functions. These days, startups are adopting AI technology to reduce manpower, increase work performance and save time. AI can generate insights, provide remote and virtual assistance, and analyse unstructured data generated by everyday gadgets.
Experts predict that more than 62 per cent enterprises would start implementing AI applications in some way by the end of 2018 and a major reason for this certainly are a lot of benefits AI provides supplied to the businesses.
Regarding to a survey by Demand base, about 80 % of decision makers predict that AI will revolutionise marketing by 2020.
AI along with neural networks decipher discrete data in no time, and make sure a perfect solution is placed at the decision maker's fingertips. The data being generated is continually being updated, which also means the machine learning models as well will be up to date at regular intervals. The enterprises would be able to access up-to-date details - breakthrough insights -- that can be useful for rapidly changing business environments. Here are three most important ways in which AI results workplaces:
1. Better decision-making with more confidence: What if something goes wrong with the manufacturing plant at your sector, what would you fix 1st? I am sure most of the employees working on that plant would be clueless. In such cases, AI helps the maintenance team to decide what to fix initial with confidence, as AI would automate and line up the decision-making procedures for the maintenance group.
2. Accessing insights from Big Data: An exciting opportunity after applying AI in your workplace is AI's ability to recognise and understand patterns in Big Data that humans cannot.
3. Protecting sensitive data: AI enables elimination of individual error which in turn helps improve output quality and strengthen cyber security.
A noticeable difference has been seen in the roles of workers, after deployment of AI. More attention is given on handling and on implementing strategic initiatives and at the same time analytic tools automate and scale data to facilitate better decision-making.
Let's look at how AI is certainly improvising function landscape:
• Creating brand-new technology related jobs: A report by Indeed predicts that there is an increase in demand for workers with AI skills over the last few years. When there's shortage of job seekers who can match that need, it makes the skills more precious for those who would possess them.
• Using machine learning to reduce active work: By enabling automation to full their mission critical tasks, employees can free up their period for other essential duties. According to a Digital Ocean report, 26 per cent of designers are using AI-based tools in their work processes, and about 81 per cent are keen in getting educated about the automated equipment.
• Automation helps prevent workplace accidental injuries: A study by Injury Claim Coach predicts a lot of damages can be reduced by applying automation at workplaces. The same study also found that in 2016 around 5,190 employees perished due to workplace accidents. About 14 % automation could be saving lives as high as approximately 3,500 per year by end of 2030. Hence, instead of thinking how AI is normally taking careers away, it's time to think how many hazardous jobs humans won't need to do in the days to come.
Enterprises expect much more statistics to be generated in the years to come in comparison with the figures produced today.
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It is believed that AI is now beginning to enter workplaces and corporate organisations, and this modification has made leaders revisit their business processes and functions. These days, startups are adopting AI technology to reduce manpower, increase work performance and save time. AI can generate insights, provide remote and virtual assistance, and analyse unstructured data generated by everyday gadgets.
Experts predict that more than 62 per cent enterprises would start implementing AI applications in some way by the end of 2018 and a major reason for this certainly are a lot of benefits AI provides supplied to the businesses.
Regarding to a survey by Demand base, about 80 % of decision makers predict that AI will revolutionise marketing by 2020.
AI along with neural networks decipher discrete data in no time, and make sure a perfect solution is placed at the decision maker's fingertips. The data being generated is continually being updated, which also means the machine learning models as well will be up to date at regular intervals. The enterprises would be able to access up-to-date details - breakthrough insights -- that can be useful for rapidly changing business environments. Here are three most important ways in which AI results workplaces:
1. Better decision-making with more confidence: What if something goes wrong with the manufacturing plant at your sector, what would you fix 1st? I am sure most of the employees working on that plant would be clueless. In such cases, AI helps the maintenance team to decide what to fix initial with confidence, as AI would automate and line up the decision-making procedures for the maintenance group.
2. Accessing insights from Big Data: An exciting opportunity after applying AI in your workplace is AI's ability to recognise and understand patterns in Big Data that humans cannot.
3. Protecting sensitive data: AI enables elimination of individual error which in turn helps improve output quality and strengthen cyber security.
A noticeable difference has been seen in the roles of workers, after deployment of AI. More attention is given on handling and on implementing strategic initiatives and at the same time analytic tools automate and scale data to facilitate better decision-making.
Let's look at how AI is certainly improvising function landscape:
• Creating brand-new technology related jobs: A report by Indeed predicts that there is an increase in demand for workers with AI skills over the last few years. When there's shortage of job seekers who can match that need, it makes the skills more precious for those who would possess them.
• Using machine learning to reduce active work: By enabling automation to full their mission critical tasks, employees can free up their period for other essential duties. According to a Digital Ocean report, 26 per cent of designers are using AI-based tools in their work processes, and about 81 per cent are keen in getting educated about the automated equipment.
• Automation helps prevent workplace accidental injuries: A study by Injury Claim Coach predicts a lot of damages can be reduced by applying automation at workplaces. The same study also found that in 2016 around 5,190 employees perished due to workplace accidents. About 14 % automation could be saving lives as high as approximately 3,500 per year by end of 2030. Hence, instead of thinking how AI is normally taking careers away, it's time to think how many hazardous jobs humans won't need to do in the days to come.
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