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The Benefits of AI for Businesses: Separating Myth from Reality
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The Fear of AI
For as long as AI technology has been a part of the larger tech narrative, fear has also been a part of that conversation. Part of that is simply the common, ever-present fear of the unknown — we don’t know exactly what implications this tech will have in the long run, and most people don’t understand what the tech is capable of. However, contrary to those existing fears, AI was never intended to be something to fear or to be a replacement for human work but rather was created to be a tool meant to augment humans in all aspects of life, from work to home and everywhere in between.
AI is Already All Around Us
AI was developed to serve each industry (and each individual) in order to maximize results, reallocate existing resources, and, ultimately, increase efficiency for all. As businesses move to adopt AI models, it will help streamline workflows and allow us to do more, even when resources are tight. In addition, with the skilled tech worker shortage remaining a pertinent issue, AI is more critical than ever. What’s important to know is that with the massive strides made in AI capabilities, technical professionals can “train” your AI to work better to solve and serve your unique business challenges.
In fact, AI is already all around us. One of the biggest tech stories of the past year was about AI: self-driving cars. We also see AI making itself known in healthcare settings, the finance industry, retail spaces, and of course, in social media. Here are a few simple and recognizable examples of the ways people already use AI daily: customer service chatbots, our friends Siri and Alexa, and shipping logistics.
The Role of AI for Business: A Carefully Cultivated Tool
One very applicable example lies with forensic video analytics. Video data is one of the largest categories of data growth globally, and as such, it would take a person countless hours to go through video footage and document everything of importance, whether it’s being used for security, loss prevention, or other business needs. However, going through video data takes AI a fraction of the time — not as a replacement for that human, but as a tool for us to use so we aren’t wasting our precious time on a menial task.
AI was not developed by accident, but rather as a key piece of technology integral to the progress of humanity. AI was crafted intentionally and carefully, like all tools meant to propel us to the next level. Like fire, though, AI does not operate without human oversight but rather with careful cultivation to augment and improve the capacity of human work.
AI requires training, and that’s what makes the possibilities it holds as a tool endless. Training AI might seem like a vague and difficult task, but it’s fairly straightforward: to train your AI, you’re teaching it how to interpret data and what you want it to learn from that data.
Going Beyond the Fear of AI
The fear of AI is largely due to misrepresentation and misunderstanding, which isn’t uncommon when it comes to new technology. However, AI has been around for years, whether we see and realize it or not, which means we already use and trust AI. Finding the AI model that works for your business and training it to do tasks that augment your human staff and improve your products and services will become more important as the technology becomes more prevalent across all industries.
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FAQ
What is AI?
AI stands for Artificial Intelligence. It is the ability of machines to perform tasks that usually require human intelligence, such as learning, solving problems, and recognizing speech or images.
How is AI currently used in businesses?
AI models are used to streamline workflows and allow businesses to do more, even with limited resources. AI is currently used in various industries such as healthcare, finance, retail, and social media. AI is also used to perform tasks that usually require human intelligence, such as customer service chatbots and shipping logistics.
How can businesses implement AI?
Businesses can implement AI by finding the AI model that works best for their needs and training it to solve their unique business challenges. The training process involves teaching the AI how to interpret data and what you want it to learn from that data. It requires human oversight but can be highly efficient and effective in the long run.
What are some benefits of AI for businesses?
AI can help maximize results, reallocate existing resources, and increase efficiency. It can aid businesses in improving their products and services, augmenting their staff, and solving unique business challenges that require human intelligence.
Is AI a replacement for human work?
No, AI was not designed to replace humans but rather to assist them. AI is meant to be a tool that augments human work and makes it more efficient and effective.
What is the fear surrounding AI?
The fear surrounding AI is largely due to misrepresentation and misunderstanding. Many people fear that AI will replace human jobs or will have negative long-term implications. However, if implemented and trained correctly, AI can bring numerous benefits to businesses and society as a whole.
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