by RamiAI. A Threat or Opportunity?
Where most businesses have lost focus is with the risk of losing their jobs to Artificial Intelligence. More and more jobs are threatened by complex computers running machine learning algorithms and improving processes with more injected data. However, AI is here to stay, and local businesses need to be prepared by taking advantage of this movement or miss out.
What is AI exactly? It essentially is a computer algorithm processing large amounts of data and creating tangible insights, similar to what we could do, except much quicker and processing vast amounts of data. Its basics are machine learning, giving the computer an idea of how to solve a particular problem and then allowing the machine to improve and arrive at the correct answer faster and faster. And it keeps on getting to the solution faster the more it processes data.
The perfect example of an industry being affected by AI is with the photographers. Photographers jobs are slowly becoming obsolete with the opportunity AI presents to enhance our beautiful photos at the touch of a button. Of course, the photographer’s job ‘picking up the camera and positioning it’ may still be around with humans. Still, the image processing and enhancements, which could take days even weeks for a project with 1000+ photos, could be replaced with AI.
On the other spectrum, the perfect example of AI’s successfully implementation is at Amazon. AI is used to increase sales and drive the majority of the business and is genuinely the reason for Amazon’s massive success! Amazon utilising AI so efficiently would be their secret if you didn’t know already; the secret is the specific AI algorithms used, which has been a long journey for the company from when they first implemented AI many years ago. AI at Amazon has become the solution to any problem and has developed many applications such as items to inventory, where to store the products, how to sell them, delivery, cost reduction, and more.
The use of AI is becoming more and more prevalent, and evident the businesses implementing AI are winning. For any business, the use cases for AI are increasing, such as:
- Improving certain product functions or performance,
- Optimising internal business processes,
- Freeing up workers time to be more creative by automating tasks,
- Making better business decisions,
- Optimising external processes like marketing and sales,
- and many more.
If you haven’t thought about how to use AI and how it can benefit you today, reach out to us today, and we can help you understand if your business can win with the latest innovations of technology.
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