Top Trends in Artificial Intelligence
There is a ton of hype in the world around artificial intelligence, in both personal and business use cases. The strategic importance of AI is growing at an accelerating pace for businesses.
The first trend we have seen in AI over the last year is an increased spend with no signs of slowing down anytime soon. Companies that are fully embracing AI are focused on improved customer experiences, more efficient decision making and product innovation.
Any business that embraces AI is honing in on overall business efficiency. With having the data that AI provides, a business can respond much more quickly to market and operational changes. Most businesses that don’t embrace modern technology can only analyze large amounts of data yearly when they are trying to make a strategic plan for the following year. AI provides a read on data in real-time, allowing flexibility to make decisions in real-time, without having to wait an entire year. Imagine how much more effective your decision making would be if you did it based on forecasting and not on historical reporting.
Another big trend is AI and organizational transformation joining forces. A company can not get the full benefits from AI if there isn’t a cultural shift towards being data-driven throughout the entire organization. Information needs to be shared across departments. Departments need to embrace continuous collaboration with each other. Data is the key to having a long-term successful business.
The digital transformation is going to continue to modernize technologies and companies that don’t start to embrace it will be left behind. The benefits of technologies like artificial intelligence, big data, cloud, etc. are only going to continue to increase, so let us help you reap the rewards. 2W Tech is a technology service provider specializing in solutions for the manufacturing industry. Give us a call today and let us help you embrace your place in the digital transformation.