Leveraging AI and automation can be brilliant for your business, and can take it to newer heights.
Artificial Intelligence is the ability of digital devices to imitate or simulate intelligence associated with human beings, and have improved problem solving capabilities.
New technologies are focused on augmenting the processing capabilities of machines for human-like intelligence (e.g robotics, natural language processing, speech recognition)
Automation involves digital devices doing tasks by themselves without the need for continuous monitoring.
Physical objects are becoming more and more frequently interconnected with digital technology (e.g advanced robotics and sensing) and able to communicate without human interference.
How can AI and Automation have an impact on your business?
It is useful in various ways. There is improved accuracy and efficiency, taking care of repetitive tasks. It reduces costs, minimizing labour and expenses. You can analyze large datasets, and gain insights.
It is important to know the effect AI and Automation will have in the future of work.
Automation will replace many jobs, especially those that are repetitive. Jobs that have been around for centuries past will change, requiring new skills, and a need to adapt. More jobs will also be created, especially in tech and in utilizing AI. There will be increased productivity; you can get more done by doing less, saving time, energy and money.
What you can do to prepare for this future
Upskill and reskill. Upskilling is when you learn something new or additional to stay or perform better at your job. While reskilling is the process of learning an entirely new set of skills to take on a different job role in a company. You will also need to adapt to constant and sudden changes. In your work, utilize AI and automation effectively.
Cheers!
Image credit: Getty Images
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