AI is remarkably complicated and is spreading vigorously. 2019 was all about the much-hyped discussions and debates on artificial intelligence, machine learning, big data, Internet of Things and one of the most ambiguous applications emerged from one of these technologies/theories – the chatbots. And because of its unsteady dispersal, it is almost impossible to predict accurately how AI is going to impact the businesses in future. However, it is possible to predict for the following year and we bring to you 11 ways AI will benefit businesses in 2020.
In this post, we’re going to elaborate the hard-shell hypothesis on AI for businesses, industries, Government sectors, and society on the whole. Many of these nascent artificial intelligence projects are already in the pipeline. Artificial intelligence going to rule the future IT industry. And it has already proved its stance by rendering pathways to effective routine tasks across varied industries. Artificial intelligence implications have managed to reduce the time duration whilst delivering accuracy in assigned tasks. In 2020, the technology is expected to hit the desks across small-scale and high-end organizations, thus making your company a strong prospect and get adopted soon. For the better understanding of how artificial intelligence will truly impact your business in the near future, this post could be a good read. Continue reading!
This post talks about the artificial intelligence trends going across the globe and its implications across various industries. Before diving deep into this piece on 11 ways AI will benefit businesses in 2020, let’s have a quick sneak peek into the most frequently asked questions –
What is AI?
The challenge with trying to define what AI is that there is no appropriate definition. Trying to wordsmith the actual meaning and getting our readers understand what AI stands for is somewhat difficult, and perhaps isn’t really necessary. What important is understanding the concept and its implications? Click here to know more.
Why should you care about AI?
From the realms of sci-fi motion pictures to the mainstream proposition & implementation, artificial intelligence continues to boom swiftly. Here are top three reasons why you should care about artificial intelligence –
The amount of data being generated on the Internet has staggeringly increased in the past few years. And this mammoth-sized data feeds big data, machine learning and not to mention the advanced blockchain.
The likes of world leaders in technology such as Apple, Google, Microsoft, and Amazon have made the storage technique much more flexible through their sought-after AI-platform cloud services.
AI’s penetration into the academic research through neural networks has enabled easy access to data and computing power, thus revolutionizing the academic world.
How is AI going to help you?
Here are the top 11 ways AI will benefit businesses in 2020
- AI eliminates repetition of same tasks – This is the greatest advantage artificial intelligence has imparted to humans. Right from Chatbots reducing manual work to x.ai which eliminates the need to schedule meeting calendars. In future, humans are going to be benefited hugely in almost every aspect of life.
- High-level customization – Here is one of the top 11 ways AI will benefit businesses in 2020. AI will understand your personal choice and requisite and will give you the exact output over time. A small example being Google’s artificial intelligence, who suggests you search results determining your online preferences and history.
- The tremendous amount of time is saved – AI can save a considerable amount of your time by providing you the required data in a fraction of second and making you a better decision maker.
- One stop solution – Just as Siri, this technology could be your one stop solution to every question you ask for and is capable of virtually responding to your commands.
- Teaming up with technology – AI will enable you to work together with computers as team members. It will monitor operations, alert you and execute the basic tasks without waiting for your commands.
- Automating tasks – One of the greatest offerings by AI is that it is capable of automating tasks, thus reducing the workload on the employees. They will be hence able to focus on the strategic initiatives. That being said, there will always be tasks which demand a human touch.
- Tailor-made drugs – Medicine is another top AI industry, which is evolving fast. The emergence of the tailor-made drugs is the latest achievement in the world of pharmacy. With the help of AI, doctors will be able to customize their treatment and prescribe the most accurate treatments.
- Increase in productivity – Thanks to AI, there has been a monumental progress in productivity. It eliminates the repetitive tasks whilst offering personal assistance to the employees. To summarize, owners are getting hugely benefited as targets are now achieved much before the deadline.
- Improved lifestyle – With the advancement of every new technology, our quality of life gets improved. AI has been a boon to the mankind recently with tremendous progress in healthcare, food, supply chain and improved jobs to name a few.
- Energy Saving – Thermostats, for instance, are being enhanced through AI. These smart thermostats are able to save a tremendous amount of energy thereby saving millions in wasted energy.
- Enhancement in market research – This the last but not the least among the top 11 ways AI will benefit businesses in 2020. The news channels are also rapidly evolving by adopting AI into their operations. And the same is happening with market research and customer behavior.
So, those were the top 11 ways AI will benefit businesses in 2020. If you have something to add on, do revert and we will have your insights featured soon.
Happy reading!
