Artificial Intelligence < Impact

Artificial Intelligence (AI) has transformed from an option to a necessity in recent years. Organizations that are continuously at the forefront of innovation realize the importance AI provides. However, industry leaders may find it easy to become inundated with the latest trends and best practices. Instead of embracing simple AI integration tactics, many organizations overlook the high-level impact of AI, and the many benefits it can yield. Unfortunately, slow reactions to continuously evolving AI developments may cause some organizations to fall behind.

Not One-Size-Fits-All

AI consists of different classifications. In fact, some organizational leaders believe we have reached our peak with AI research and capabilities. However, the reality is we have barely scratched the surface of AI’s segmented functionalities. The four basic types of AI systems 1 are reactive machines (with no memory and only a stimulated response), limited memory (using memory to learn and improve on responses), theory of the mind (understanding the needs of other intelligent entities) and self-aware (human-like intelligence and self-awareness). Within each system are various possibilities for AI tactics for organizations to effectively utilize.

Unexpected Uses for AI

The value of AI will be better realized when we can associate it with more everyday tasks. For instance, The Handwriting Company has introduced Hemingway. Hemingway is an artificial intelligence robot that can be trained to copy your handwriting 2 . The Handwriting Company has cracked the code on manufacturing a product that solves a common need in an unconventional way. The Hemingway robot only needs a sample of the subject’s writing to replicate it. The service is currently being used by organizations that may want to deliver notes with a personalized touch, but save on time. The Hemingway can write faster than a human and is capable of writing messages in several different languages.

Future Growth Predictions

Tech investor Tej Kohli predicts that AI will be worth over $150 trillion in just six years.  Since AI is a critical component of many industries and applications, many experts think we will begin to see exponential growth patterns 3. The influence of AI bleeds into many practical tasks. As a result, AI will need to introduce more intuitive interface options to see its full potential. Nonetheless, we could be closer than we think to find those types of solutions.

The specific uses for AI should always be weighed heavily within any organization. However, AI integration cannot go unnoticed. Tailor the use of AI application to the needs of your organization to gain the best return. As a result, your company will stay ahead of the curve for new technological developments that are sure to come.

1 7 Types of Artificial Intelligence by Naveen Joshi
2 Meet Hemingway: The Artificial Intelligence Robot That Can Copy Your Handwriting by Bernard Marr
3 Can The AI Economy Really Be Worth $150 Trillion by 2025? by Andrew Cave