How Do You Know If Your Company Is Ready For AI? - Hindustan Times

Breaking

Hindustan Times



MyLiveMint
  • Home
  • NEWS
  • _Latest
  • __Business
  • __Industry
  • __Viral
  • _India
  • _World
  • _LifeStyle
  • Sports
  • Politics
  • Video

Tuesday, 8 January 2019

New

How Do You Know If Your Company Is Ready For AI?

Kelvin Cady January 08, 2019 Business
rian Hughes
Vice President Sales/Business Devlopment at Brain Corporation, responsible for sales for our floor care divison.

GettyGETTY
Regardless of the size of the company or industry in which it operates, adding automation into a business environment can mean a significant shift in the way an organization conducts itself. Artificial intelligence (AI) and the machines and software that utilize it are no exception; in fact, Deloitte found that 90% of companies surveyed thought cognitive technologies (like AI) would have a role in shaping company strategy. The inclusion of new tech requires some thoughtful consideration above and beyond what’s being touted as the latest and greatest.
Businesses interested in embracing AI are often motivated by specific factors, including the ability to save time and money, create more efficiencies in getting certain tasks completed or be an industry leader with a technology-first mindset. According to TechRepublic, one study found that 49% of respondents saw increased competitive advantages with machine-learning initiatives. However, that does not inherently mean a business is prepared to modernize its approach. Several questions need to be asked and answered first before a transition to robotics and AI-enabled technology can be added to the mix successfully. As the VP of business development and sales at an AI and robotics software company, here's how I recommend approaching the process:
Position The Plan With Staff
A major concern among both workers and employers I've seen is the growing reliance on technology in business to get the job done more efficiently. A perception looms that utilizing autonomous machines will eliminate the need for a human workforce, or drastically reduce it. Recent reports suggest a different reality. A 2017 study from McKinsey about the future of the workplace and automation suggests between 9% and 26% of work hours in the countries studied could be automated by 2030. However, this does not necessarily indicate a net loss of jobs. Instead, it could create an environment where employees are encouraged or required to adapt their skill sets to keep up with the influx of AI technology.

Organizations considering AI and robotics must recognize the fear of job elimination workers are likely to experience. It could be beneficial to focus on the fact that in some cases, the addition of AI doesn't necessarily change how things are done. For instance, delivery robots and inventory pickers that utilize AI are the same machines with which employees already have familiarity. The only change is that the work is done on its own without a human operator.
Employees could then be freed up to use their time elsewhere, like assisting customers or learning new skills that can be used on the job. I see positioning AI tools as a strategy for improving productivity and opening up job opportunities for employees as a necessary factor for successful implementation.
Read more

Subscribe via email

Share This:
Facebook Twitter Google+ Pinterest Linkedin Whatsapp
Author Image

About Kelvin Cady
SoraTemplates is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design. The main mission of SoraTemplates is to provide the best quality blogger templates.

Business
By Kelvin Cady at January 08, 2019
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Labels: Business

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

About & Social

Judul Blog

Aplha Blog

Our flagship theme is highly customizable through the options panel, so you can modify the design, layout and typography.

Join Our Site

Popular

  • India will not hesitate to take steps to ensure national security, says PM Modi
    In an indirect reference to Pakistan, Prime Minister Narendra Modi on Monday said India is a strong proponent of peace but it will not ...
  • Pakistan close to sign agreement with IMF, says Asad Umar
    Peshawar: Finance Minister Asad Umar has confirmed that Pakistan is close to signing an agreement for economic assistance package with...
  • Trailer Launch – Thackeray
    Trailer Launch – Thackeray
    2019 will see the release of the much-awaited biopic on the late Shiv Sena chief Balasaheb Thackeray. The film is written by Abhijit Panse...
  • Pak journalist gets IPI's Press Freedom Hero award
    A  Pakistani  journalist has won the World Press Freedom Hero award of The International Press Institute (IPI) for his "critical...
  • US: Texas gang leader sentenced for robbing Indian-American homes
    A Texas woman has been sentenced to 37 years in prison for leading a gang that carried out targeted robberies of Indian-American homes a...

Sponsor

Categories

Business (62) Education (7) Entertainment (170) India (177) Industry (24) Lifestyle (73) News (387) Politics (47) Sports (215) Technology (118) Videos (17) Viral (24) World (169)

Search This Blog

Powered by Blogger.

Blog Archive

  • October 2019 (90)
  • September 2019 (101)
  • August 2019 (100)
  • July 2019 (110)
  • June 2019 (90)
  • May 2019 (84)
  • April 2019 (105)
  • March 2019 (93)
  • February 2019 (90)
  • January 2019 (95)
  • December 2018 (101)
  • November 2018 (40)

Report Abuse

About Me

Kelvin Cady
View my complete profile

Tags

News Technology

Categories

  • News
  • Technology

Popular Posts

  • India will not hesitate to take steps to ensure national security, says PM Modi
    India will not hesitate to take steps to ensure national security, says PM Modi
    In an indirect reference to Pakistan, Prime Minister Narendra Modi on Monday said India is a strong proponent of peace but it will not ...
  • Pakistan close to sign agreement with IMF, says Asad Umar
    Pakistan close to sign agreement with IMF, says Asad Umar
    Peshawar: Finance Minister Asad Umar has confirmed that Pakistan is close to signing an agreement for economic assistance package with...
  • Trailer Launch – Thackeray
    Trailer Launch – Thackeray
    2019 will see the release of the much-awaited biopic on the late Shiv Sena chief Balasaheb Thackeray. The film is written by Abhijit Panse...
  • Pak journalist gets IPI's Press Freedom Hero award
    Pak journalist gets IPI's Press Freedom Hero award
    A  Pakistani  journalist has won the World Press Freedom Hero award of The International Press Institute (IPI) for his "critical...
Created By SoraTemplates | Distributed By Blogger Templates