Practical Applications of AI for the Future of Business
Geoff Webb,
Many businesses are yet to tap into the full benefits of AI, here’s how.
Artificial intelligence (AI) promises to be the breakthrough technology to effect significant changes in the way we live and work. And, in fact, 48 percent of global CIOs plan to adopt the technology within the year, according to Gartner. However, some business leaders still question the impact and benefits of AI.
Historically, AI has been met with varying levels of fear, regardless of industry, that this technology will replace human jobs. And while this has not proven to be true in broad terms, reluctance still exists to apply AI to business processes. However, those that refuse to, or are slow to adopt, AI will be at a significant disadvantage. They risk being out-competed by those who are better able to leverage AI across the business to drive change faster.