How Enterprises Can Intelligently Adopt Artificial Intelligence?
The growth in worldwide unstructured data present on the World Wide Web is unprecedented, and set to continue for the years to come. Enterprises can leverage this data for massive business benefits, and analyzing this massive pool of data will be a key enabler for business outcomes in the times to come. Enterprises are increasingly looking to adopt Artificial Intelligence driven innovations and technologies to pave the way for the future of data driven decision making.
The digital disruption that AI, cognitive, and machine learning technologies can cause means that enterprises have to identify, understand, and act on the opportunities and business use cases to differentiate and gain competitive edge. This is, however, to be done with extreme focus on identifying business cases, and selecting AI tools and technologies that deliver clear business advantage.
AI Business Use Cases Driving Enterprise Adoption
Because of the ability of AI to handle unstructured data, the ease of use it can deliver in business operations, and its adaptive and evolving nature, there are too many applications of AI for enterprises to ignore.
Handling Unstructured Inputs: Artificial Intelligence can process large amounts, varied formats of unstructured data and other inputs, and create meaningful analyses results out of it. This helps mould business decisions; for instance, cab aggregators use AI to predict demand levels based on parameters such as time of day, day of week, weather forecast, nearby events, etc.
Ease of Use: Artificial Intelligence empowered technologies can deliver highly tailored reactions to situational inputs, enabling the performance of several business operations. For instance, AI powered customer service can recognize customer’s from name and account details, and have relevant conversations in the form of chat bots.
Adaptive: The real power of AI is in its ability to learn and evolve, enabling it to improve performance month on month. Using previous data (which is always increasing), evaluating real outcomes and comparing them to its computed suggestions, and evolving to make contextualized decisions – that’s what makes Artificial Intelligence a transformational force for organizations.
AI Adoption and Implementation Roadmap For Enterprises
It’s easy for enterprises to get disoriented with the heavy marketing tactics of AI technology vendors. To truly leverage AI’s potential of disrupting core business processes and delivering transformational change to organizations, here’s a roadmap.
Understand AI: Read more, learn more, invite vendors for demonstrations, pepper them with questions, do all it takes to get deep knowledge of what AI is and how it can transform businesses.
Identify Problems that AI Can Solve Best: Tie your enterprise AI spending to clear business and financial goals. Identify use cases and the best AI tools that help you achieve project goals.
Build Talent and Capability: AI can help your organization make rapid inroads in the market if you strive to build the talent pool and organizational capabilities that enable reuse of AI tools, help create ever-expanding databases of information, and map AI with domain specific applications and business contexts.
Artificial Intelligence has all the makings of a transformational technology. It is, of course, on its way to maturity, and till then, enterprises would do well to understand AI, identify business problems to which AI is a solution, and build upon talent and capability to leverage the power of AI to meet business demands.