Questions

Do u think artificial intelegence can help bring your bizness to higher level of success?

Asked by Rob Vela, in Technology
Bridging the gap between online success & failure do you think ai can help you build your business & create higher levels of success for you?

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Answers

Brahim A. Tycoon II Premium   APSense Adviser for Social Media!
yes, if the practice and the use of it is more reasonable
Aug 17th 2019 06:50   
Akbar A. Professional   teacher
yes i think learning and knowing always leads to success
Aug 17th 2019 06:54   
Fast Result Advanced  Education
yes, if the practice and the use of it is more reasonable
Aug 17th 2019 07:56   
Bruce Bates Magnate II Premium   Cooperative marketing
nope I don't think AI is suitable for my businesses at all.
Aug 17th 2019 12:30   
Brahim A. Tycoon II Premium   APSense Adviser for Social Media!
Eight AI tips for business leaders
An organisation’s first foray into the world of artificial intelligence can be a daunting task, so data scientists and tech experts share some vital advice to help those on their journey to full AI deployment
Don’t ignore AI – whatever you do
The most important thing for executives is to just warns Shamus Rae, partner and head of digital disruption at KPMG UK. “Business leaders need to understand the capabilities of these new technologies and put in place an AI strategy that includes some clear self-challenge. This ensures that they don’t get stuck in ‘play’ mode and fail to make any tangible change to their operations or business model.” Mr Rae predicts that, due to the common misconception of AI, “we will see some major missteps by household names failing to adapt fast enough”.

Work out what specific challenge you’re trying to solve
“Think hard about what problem in your business you want to solve, not with artificial intelligence but with data,” advises Kim Nilsson, founder and chief executive of data science hub Pivigo. “The solution always needs to come from that intersection of where your business challenges overlap with available data sets. Only there will Antony Bourne, industries president of global enterprise software company IFS, agrees. “” he says. “What exactly do you want to improve and enhance? The more targeted your objectives, the more competitive and transformative your results.”

Target low-hanging fruit
Clare Barclay, chief operating officer of Microsoft UK, – when it comes to AI. “If you start thinking of the really big things, you do nothing,” she says. “Ask yourself: ‘What is the problem I am trying to fix?’” Dr Will Venters, assistant professor of information systems and innovation at the London School of Economics’ Department of Management, adds: “Starting with process improvement – perhaps through robotic process automation or simpler and proven AI algorithms – is more likely to be more profitable and successful than trying to push the envelope.”

Understanding data is critical to business success
David Gonzalez, head of big data for Vodafone Business, believes employees at every level should analyse data to maximise the potential of AI technologies. to organisations looking to implement AI solutions,” he starts. “The integral role that data plays in powering businesses to succeed in today’s economy means that understanding data even at a basic level really has to be everyone’s job. has to provide support, ensuring that their area is primed to harvest robust data and that stakeholders understand the value of using it in conjunction with analytics and AI.”

Decide whether to build or buy AI solutions
John Abel, Oracle’s vice principle of cloud and innovation in the UK and Ireland, says: “The next logical question is: ‘How do I implement?’” He continues: “This essentially boils down to either or building your own. If you choose the former, your implementation time will likely be shorter, costs lower and maintenance easier. or pay for development platforms and architectural components to learn, buy, maintain and integrate. Buying a ready-to-go AI application provides the lowest barrier to entry, near-immediate benefits and they are often bundled with third-party data sources.”

Don’t forget about ethics
“A major issue with AI is trust,” posits Mr Abel. “The machine provides an output, but how can the user trust it made the right decision, or is recommending the correct action? To establish trust, a machine-learning algorithm needs to show its working and what data was important for the machine to make a particular output.” Ms Barclay of Microsoft UK urges executives to “ Not only will this ensure ethically grounded innovation, but it can support your bottom line, too. Microsoft research shows companies that consider what AI ‘should’ do have been shown to outperform those that don’t by 9 per cent.”


Take advantage of AI democratisation
In a bid to help overcome the barrier to AI adoption because of a huge skill shortage, the introduction of pre-built algorithms and open-source machine-learning libraries is helping non-experts grapple with organisations’ data, and deliver insights through AI. Mark Skilton, professor of practice in information systems and management at Warwick Business School, heralds a newfound accessibility for AI solutions – the so-called democratisation of AI. He lauds the “astonishing” amount of, often free, online machine-learning and AI training on offer from Coursera, Udemy, as well as Stanford and Harvard universities, and many others.


Preach to the converted to accelerate workplace AI adoption
According to Maximising the AI Opportunity, Microsoft’s study published in October, some 67 per cent of the 1,000 executives and 59 per cent of employees surveyed are open to experimenting with AI – however, almost all of them will require training and development. For AI to stand the best chance of success in your organisation it is critical to seek out those workers who are most excited by its potential and nurture that interest. “By involving employees, you’re culturally engaging with them around the things that are going to change, and you’re equipping them with new skills,” suggests Ms Barclay.

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Aug 17th 2019 12:53   
Brahim A. Tycoon II Premium   APSense Adviser for Social Media!
5 Ways Artificial Intelligence Can Improve Your Business Right Now

Coming-of-age technology, known as artificial intelligence, is blowing a heavy wind across the world, raising dust in various spheres and generating intellectual discourse among scholars about the fate of humanity. The assertion that “robots are taking over” is a bitter pill to swallow as it creates panic among employees. The 2017 McKinsey Global Institute Report reiterates this assertion, revealing that, by 2030, a good number of people will be forced to acquire new skills because their jobs will be performed by machines.

Findings from WorkMarket’s 2020 In(Sight) Report: What AI and Automation Really Mean for Work reveal that employers may not be bothered, on the contrary, if they are open to the prospects of artificial intelligence in the workplace. Seventy-eight percent of business leaders believe that 360 hours can be saved annually by the input of automation through artificial intelligence. The report also reveals that while only 29 percent of employees are interested in automation at the workplace, 52 percent of employers are keen on it. These numbers are based on the perceived effects of artificial intelligence on both parties.

Related: What Will the Future of Work Look Like After the Robot Revolution?

Here are five reasons more than half of employers are interested in artificial intelligence.

1. AI will result in fewer employee expenses.
Organizations spend a lot of resources on staff welfare. In 2016, companies in the U.S. spent more than $70 billion on employee learning and development. They also strive to offer a competitive employee benefits package such as health insurance, dental insurance, flexible spending accounts, paid vacation and additional paid time off, among other things. These commitments are made in order to empower employees for better performance and productivity, but often times, results are below the investments.

Having robots execute some tasks performed by employees means a reduction in the number of employees. That ultimately cuts down employee expenditure budget, saving up company resources for other productive pursuits.

2. AI erases wasted time.
According to the 2017 Productivity in the Workplace Report by Red Letter Days for Business, employees in the U.K. spend more than 400 million days a year on time-wasting tasks. Similarly, a workplace study by AtTask and Harris Interactive shows that employees in the U.S. spend only 45 percent of their time executing their primary duties. What happens to the other half of their work hours? They are spent on “other things” that aren’t beneficial to the organization. This means employers are paying their staff for not working as much as they should.

Related: Robots Are Our Friends -- How Artificial Intelligence Is Leveling-Up Marketing


With such realizations of negligence by employees, any means to resolve this waste of company resources is a welcome development to bosses. Enter artificial intelligence. Routine tasks can be automated. This way, employers don’t have to worry about their workers not doing what they are supposed to do. Once programmed, machines execute tasks by following the stipulated standards and guidelines.

3. AI makes good decisions.
Successful businesses thrive on good decisions. Accurate business data informs good judgment. Tony M Fountain, founder of NOW Entertainment, explains that “an organization’s decisions are based on available operations data. When data is inaccurate due to errors, it’s only a matter of time before things come crashing down.”

Organizations with huge data sets are at a higher risk when data collection is in the hands of employees. There’s always the possibility, no matter how little, for inaccuracies. Employers can avert this problem by using artificial intelligence for business insights and data collection.

4. AI helps minimize errors.
Human errors are inevitable. That’s more reason why they should be prevented. Human errors in the workplace can ruin an organization’s finances and reputation. Employees can easily be distracted by physical and emotional situations, causing damages that are sometimes irreparable.

Fewer employees in the work process mean fewer errors. Using artificial intelligence for work creates an enabling environment for quality management, executing tasks by strictly following specified guidelines and closing gaps of inaccuracies caused by inevitable human errors. It synchronizes the process chain, smooths handoffs and prevents clogs often experienced in manual processes.

Related: Why AI Is The Next Revolution In Customer Service

5. AI gives good customer service delivery.
Customer relations is an integral part of a business, and providing excellent customer service is an absolute must.

Rising to the occasion promptly can be overwhelming for the customer support unit especially when dealing with a large customer base. For better customer service delivery, employers can make use of artificial intelligence to enhance customer experience. With the use of high-tech applications, customers can register their problems and receive a response in real time.

Conclusion.
At the end of the day, everyone wants better results. Despite negative claims about artificial intelligence, it’s only logical to be receptive to it if it favors you. By the looks of it, bosses will have fewer things to worry about as their business will function better with artificial intelligence.
Aug 17th 2019 12:54   
Beyond Eleven Magnate I   Fresh Money Making Ideas
AI Is The Next Revolution In Customer Service,as it gives good customer service delivery
Aug 17th 2019 23:10   
Joseph Kulutu Committed   Business Consultant
AI is the next level of evolution in terms of automating a business for an efficient and effective return on investment and enhance customer relationship with the company.
Aug 18th 2019 04:23   
Brandi Hotel Advanced  Brandi Hotel Group - 4 star Hotel system in Vietna
May be.. if the practice and the use of it is more reasonable
Aug 18th 2019 20:09   
saggara o. Senior  saga
Coming-of-age technology, known as artificial intelligence, is blowing a heavy ... AI will result in fewer employee expenses. ... AI helps minimize errors.
Aug 18th 2019 20:44   
Mint Dice Magnate I   Bitcoin Casino
It depends on the type of business and the sophistication of the AI. The question is too vague and general to be answered seriously.
Aug 18th 2019 22:49   
Peter Carry Advanced  SystemCarePro
Use artificial intelligence & machine learning to optimize ITOps & your business. Get the free Gartner report. AIOps Automation. Big Data Scale. Reduce MTTR.
Aug 18th 2019 23:05   
Rati Ram Senior  Business Developer
yes, if the practice and the use of it is more reasonable
Aug 18th 2019 23:38   
Rohan Singla Advanced  Blogger
Yes if Practice Properly can be used reasonablly
Aug 18th 2019 23:40   
The Scalers Advanced  Offshore Development Teams In India
yes, if the practice and the use of it is more reasonable
Aug 19th 2019 00:37   
Steven A. Donaldson Tycoon II Premium Native speaking English teacher
AI today is vital in some ways but be careful of what you wish for long term
Aug 19th 2019 01:20   
Marg ERP Ltd Advanced  GST Billing To Filing
yes, if the practice and the use of it is more reasonable
Aug 19th 2019 01:23   
Richard Marmon Junior  Richard Marmon
yes, if the practice and the use of it is more reasonable
Aug 19th 2019 06:19   
China Casting Innovator  China Casting
Bridging the gap between online success & failure do you think ai can help you build your business & create higher levels of success for you?
Aug 19th 2019 08:29   
Guillermo V. Professional   Musician
Do u think artificial intelegence can help bring your bizness to higher level of success? Tes I think can
Aug 19th 2019 10:25   
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