Implementing Artificial Intelligence at Work

We all know how the Internet of Things has made it possible to turn everyday devices into raw data sources for analysis to generate business insights. It has also been observed that Artificial Intelligence (AI) is making analytics more productive and efficient in workplaces as well.

Businesses expect much more data to be generated in the coming years compared to the data generated today.

AI is now believed to be beginning to enter workplaces and corporate organizations, and this shift has caused leaders to overhaul their business processes and functions. These days, startups are embracing AI technology to reduce manpower, increase work efficiency, and save time. AI can generate information, provide virtual and remote assistance, and analyze unstructured data generated by everyday devices. Experts predict that more than 62 percent of companies will start implementing AI applications in some way by the end of 2018, and one of the main reasons for this is the many benefits that AI has brought to businesses.

According to a Demandbase survey, around 80% of decision makers predict that AI will revolutionize marketing by 2020.

AI coupled with neural networks decipher discrete data in no time and make sure that the perfect solution is at the decision maker’s fingertips. The data that is generated is updated continuously, which also means that the machine learning models will also be updated at regular intervals. Companies could access up-to-date information (innovative insights) that can be useful for rapidly changing business environments. Here are the three biggest ways AI benefits workplaces:

1. Make decisions faster and with more confidence: What would happen if something went wrong in the manufacturing plant of your industry? What would you fix first? I’m sure most of the employees working at that plant would have no idea. In such cases, AI helps the maintenance team decide what to fix first with confidence, as AI would automate and align the decision-making processes for the maintenance team.

2. Access insights from Big Data: An exciting opportunity after implementing AI in your workplace is the ability for AI to recognize and understand patterns in Big Data that humans cannot.

3. Protection of sensitive data: AI enables the elimination of human errors, which in turn helps improve the quality of results and strengthen cyber security.

A noticeable difference has been seen in the roles of the employees, after the implementation of AI. More attention is being paid to managing and implementing strategic initiatives, while analytics tools automate and scale data to facilitate better decision making.

Let’s see how AI is improvising the work environment:

• Creating New Tech-Related Jobs: An Indeed report predicts that there is an increase in demand for workers with AI skills in recent years. When there is a shortage of job seekers who can fill that need, skills are more valuable to those who possess them.

• Use machine learning to reduce busy work: By allowing automation to complete their mission-critical tasks, employees can free up their time for other essential tasks. According to a Digital Ocean report, 26% of developers use AI-based tools in their work processes, and around 81% are interested in learning about automated tools.

• Automation Helps Prevent Workplace Injuries: A study by Injury Claim Coach predicts that much damage can be reduced by implementing automation in workplaces. The same study also found that in 2016 around 5,190 workers died due to workplace injuries. About 14 percent of automation could be saving up to about 3,500 lives per year by the end of 2030. So instead of thinking about how AI is eliminating jobs, it’s time to think about how many dangerous jobs humans won’t need to do in the future. days to come

These were some ways you can boost your business using AI. What are your thoughts about AI? Have you already implemented it in your organization?