With increasing complexity in businesses as well as continuous and mounting pressure to keep improving productivity, businesses are finding it extremely difficult to find the right technology solution to prosper in today’s highly competitive market.
Just as, computers and internet connectivity brought tremendous changes in how businesses are run and managed, it also made laggards and even entire industries obsolete. The latest rise in technology solutions such as Business, Artificial and Continuous Intelligence are again set to bring about similar changes.
Businesses with stakeholders or decision makers will have to make important decisions about how to remain competitive and how to best serve their customers while improving efficiencies.
Current businesses have evolved into complex operations and big disruptions can cause major business continuity issues. This blog introduces the most efficient way to take advantage of all AI has to offer is to do so by leveraging current resources and introducing minimal disruption.
Artificial intelligence is said to be one of the biggest disruptors on the market. AI is present in our surroundings on a daily basis; examples include Siri, Alexa and Google Assistant that are now present in a large number of homes worldwide. This technology is essentially pattern recognition and a machine’s ability to constantly improve without ongoing human supervision.
Machine learning is used across a number of industries from research and consulting to transportation and medicine. It will allow doctors to recognize disease patterns faster allowing them to decrease the risk of cancer cells spreading or scanning genes in order to predispose us to diseases. Within the business world, it will allow companies to forecast trends as well as customer behaviors and needs, quickly resulting in a more tailored product development.
With any technological change, comes certain challenges. Disruptive technologies shake the core of any industry by significantly altering the way a business operates and how they approach their business. Disruptive technologies are sometimes described as being simultaneously destructive and creative because they make old products — and sometimes even entire industries — obsolete, creating new ones in their place. Disruptive technologies have the power to change the way we work, live, think and behave.
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