Implementing Artificial Intelligence at Work

by Charlotte Lancaster We believe in Quality

We all know how the Internet of Things has made it possible to turn everyday devices into sources of raw data for analysis in order to generate business insight. It has also been witnessed that Artificial Cleverness (AI) is making analytics more productive and efficient at workplaces too.

Enterprises expect much more data to be generated in the years to come as compared to the data produced today.

Applying the same basic technology to the workplace helps identify security risks and keeps customer, employee, and company data safe. Learn about AR Mobile App Development, Real Estate Mobile App Development company, and much more.

It is believed that AI is now beginning to enter workplaces and corporate organizations, and this change has made leaders revisit their business processes and functions. These days, startups are adopting AI technology to reduce manpower, increase work efficiency and save time.

AI can generate insights, provide remote and virtual assistance, and analyze unstructured data generated by everyday products. Specialists 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 are a lot of benefits AI has provided to the enterprises.

According to a survey by Demand base, about 80 % of decision-makers predict that AI will revolutionize 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 continuously 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 information - breakthrough insights -- that can be useful for rapidly changing business environments. Here are the three most important ways in which AI benefits workplaces:

1. Faster decision-making with more confidence: What if something goes wrong with the manufacturing plant at your industry, what would you fix first? 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 1st 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 recognize and understand patterns in Big Data that humans cannot.

3. Protecting sensitive data: AI enables the elimination of human error which in turn helps improve output quality and strengthen cybersecurity.

A noticeable difference has been seen in the roles of workers, after deployment of AI. More attention is given on managing 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 improvising function landscape:

• Creating 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 meet that need, it makes the skills more valuable for those who would possess them.

• Using machine learning to reduce busy work: By enabling automation to complete their mission critical tasks, employees can free up their period for other essential tasks. According to a Digital Ocean report, 26 per cent of developers 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 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 accidental injuries. 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 usually taking careers away, it's time to think how many hazardous jobs humans won't need to do in the days to come.