That artificial
intelligence has had an enormous impact on the way business organizations
conduct their affairs is already an undisputed fact. In fact, the time has come for businesses of
scale to seriously analyse the impact that artificial intelligence or AI is
having on their businesses, so as to be able to optimally leverage its immense
advantages. Rather than view it as a mere productivity or efficiency tool that
they have to budget for, they should formulate an artificial intelligence
strategy.
Advantages of Having an AI Strategy in
Place
1.
Business
Perspective- It is all very well to
get enamored with new fangled terminology and think of inducting artificial
intelligence technology into one's business process like everyone else seems to
be doing. But unless one is able to dove-tail it to one’s strategic business
objective, one would have spent a fair amount of money without much reason.
With all the talk about how the
adoption of AI technology is extremely important if businesses are to stay
profitable in the digital era, having a well thought out strategy about optimally
leveraging AI is the crucial first step. They have to be able to determine the
value that the implementation of AI imparts to their organization before they
actually invest in it.
2. Putting
Data to Good Use- Making sense of the vast amounts of data that businesses
come by is right up the AI street. Ensuring that you deploy AI to make big data
work for you has to be part of your AI strategy. It will allow your business to
make sense of huge amounts of information about your customers in an optimally
efficient manner.
3.
Engaging with
Your Employees-With all the bad press that AI gets as a job killer you need
to use AI to empower and grow your manpower along with the business. Like all
technology, AI is best used as an enabler than this indiscriminate disruptor.
Remember we are talking about intelligence here, not brawn. A smart AI strategy
will enable you to do just that.
4.
Artificial
Intelligence Is All About Training- AI starts off with what may be termed
bare algorithms, which in a sense acquire intelligence, only after receiving
training, working with vast amounts of company data. This is something that
many people who are thinking of going in for AI have no clue about. An AI
strategy can help one obtain a better grasp of the implementation roll out.
5.
Learning
to Organize AI- Important as proficiency in data management is for the successful
implementation of AI, the ability to organize
it in a manner that people from different disciplines are able to work in
tandem with AI experts is just as significant. To be able to manage such a
diverse team will necessarily require business leaders to both develop a core
understanding of how AI functions and make it relatable across the board.
6.
Learning
to Synergize Humans and Computers- This calls for reorganizing a company’s
organizational structure in a manner that it becomes flexible enough for people
to work in consonance with machines. A change in the cultural values of a
company, which will be necessarily accompany the introduction of AI, will be
extremely challenging and something that will have to be managed with deftness
and sensitivity.
7.
The
Impact Of AI On Jobs- A favorite bugbear for opponents of AI is its
perceived negative impact on jobs. In reality, AI is expected to have a far more benign effect upon employment, though
it will definitely lead to an evolution in the way jobs are performed. Most
people would only need to prepare to take on a different role of deploying AI
to help enhance a business's performance, rather than face the prospect of
unemployment. Having an AI strategy will
help a business dispel any negativity that the planned adoption of AI
technology might otherwise engender.
8.
Preparing
For The Future- The rate of adoption of AI may not be all that right now,
but it is growing exponentially and sooner rather than later it will become all
pervasive across industries. Companies who have already formulated a definite
strategy to incorporate it into their business processes will be at a definite
advantage in the years ahead when AI is expected to transform our very society.
The
coming decades will see businesses innovate in ways that will usher in
unimaginable levels of efficiency and output-all thanks to AI. It is for
companies to ready themselves for the exciting times ahead than fear the
changes to come.
