Steam engines, assembly lines & computers What do they have in common? Well, they are the products of the first three industrial revolutions which shaped the global markets and altered how we lived as a society, worked, and interacted with one another. And, as we stand on the verge of the fourth industrial revolution, cutting-edge technologies such as AI, Machine learning (ML), 5G, and so on will bring in a new and transformed wave of automation that will lay the groundwork for smart factories.
Let me tell you about an incident. So I was having a conversation with one of my LinkedIn connections, Ron, the other day. He is an HR at a mid-sized company. So, while discussing professional lives he said his HR life is like “the oldest version of Internet Explorer with 3620 tabs open all the working hours”..quoting some joke but what surprised me is that he found it ‘relatable’ instead of listen-laugh-and-forget kinda flat humor.
The new and improved cosmos of application of Artificial Intelligence is not only enterprise-specific anymore. It is very much within the reach of small businesses. Businesses all around the globe are leveraging Artificial intelligence to automate business processes, eliminating inefficiency, and saving a lot of money in the process.
When everyone around us from toddlers to the aged rely on Alexa, Siri, and customer service chatbots, it’s no wonder Artificial intelligence may soon begin to feel like old news—at least to mainstream users. It has swiftly swayed its way from science fiction to reality, already enhancing business processes. In 2017 alone, the economy witnessed $12 billion in AI-related investments across 27 documented industries. One of the biggest advantages is that AI is not just for a handful of big companies, it can be adopted by both small and medium–sized organizations to excel.
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