Artificial intelligence (AI) has been a hot topic ever since it was first introduced. Thanks to the likes of tech billionaires Elon Musk and Jack Ma it’s been put in the spotlight more than ever. The reality is AI is the future of technology and we must be prepared for it. Serenity Gibbons at Forbes shares that AI and machine learning is already transforming the business world, and it’s only the beginning. Companies that are currently succeeding with AI are reorienting their entire business model around the technology. Of course there’s always going to be a few hurdles when implementing any new technology and AI is no exception. however, Gibbons explains how early adopters understand that the technology is still in its infancy and embrace any challenges that accompany integration because they would rather face those difficulties now than miss out on the opportunities AI will present in the near future.
Gibbons shares some steps for business leaders to take if they are considering planning an AI implementation. These steps can minimize short-term challenges and maximize long-term value.
- Align AI use with specific business objectives.
- Turn existing jobs into “superjobs.”
- Teach your team to work with data and AI solutions.
While some may have thought AI would take over the workforce, the opposite is true. Inevitably, these jobs will require new skills and new business processes. The World Economic Forum predicted a whooping 58 million new jobs thanks to AI from 2018 to 2023. So instead of fearing the future of tech in the business world, it’s time to start embracing it.