How AI could change businesses forever with smart automation
Whatever we read in the books of science fiction has become a reality today. Artificial Intelligence has taken over our professional and personal lives.
Whether it’s about making our daily errands easier or achieving efficiency at the workplace, everything is just ‘AI’ away!
Businesses lately have become heavily reliant on AI and ML as they analyse data across multiple functionalities, helps in detecting uncertainty, and ensures high-class customer relationship management. Retailers like Walmart, Giant Eagle, and Amazon have been using AI for multiple tasks, including cleaning, inventory management, loading, and unloading merchandise. For businesses like these, ‘Robots’ is the new normal.
Companies like Zoho and Constant Contact operate on software that helps users to customise the parameters of their email marketing campaign according to their requirement and then set it to run automatically.
Robots and artificial intelligence have transformed the functioning of businesses globally as they ensure:
Automation is present in modern small and large businesses. However, they are visible in different variations. In some places, automation will be present in its most blatant form like self-driven vehicles, and some businesses will have automation in the most subtle form as software applications.
In the coming years, organisations that implement AI applications are going to become more diverse, as they will be powered with the ability to predict the future and perform. This will give them a competitive advantage.
In fact, a report by McKinsey says that the intervention of automation in business will change how organisations operate globally. A report below explains AI’s impact on businesses in detail.
Also, according to the report, Artificial intelligence is attracting growing amounts of corporate investment, and as the technologies develop, the potential value that can be unlocked is likely to grow.
According to Ray Kurzweil, American inventor, and futurist, “Artificial intelligence will reach human levels by around 2029. Follow that out further to, say, 2045, and we will have multiplied the intelligence – the human biological machine intelligence of our civilization – a billion-fold.”
But why organisations choose AI?
Let’s look at AI’s impact on various industries.
This is not it.
How is SRM University helping students become a part of this highly in-demand sector?
Realising the need for AI and its significance in various businesses, SRM University AP, Andhra Pradesh, in collaboration with LEARNXT offers various in-demand courses such as MBA (Data Science) – Specialisations in Business Analytics & Machine Learning and Artificial Intelligence, – MSc (Applied Data Science), – PG Diploma in Applied Data Science, and – PG Diploma in Machine Learning and Artificial Intelligence.
Given the education space is already swamped with multiple options, why would one choose SRM? We will tell you why.