06 Nov AI’s Hold on Businesses

One of the primary emerging technologies causing disruption across markets and industries alike is Artificial Intelligence, referred to as AI. The growing proficiency of machine intelligence has allowed businesses to cut costs, improve efficiency, and gain a competitive advantage, thus helping grow and scale up their overall business. AI offers the opportunity to expand the boundaries of operating efficiency, especially for tech companies spending the majority of their human resources on research and development.

In today’s digital world, companies and individuals alike have grown increasingly concerned over the privacy and safety of their data and personal information. Accordingly, AI and its benefits to the infrastructure of an organization has proven to quarrel these issues and further strengthens the credibility of said organization in regard to consumer privacy. As the tech industry continues to evolve and innovate on a daily basis, it is crucial for companies under its umbrella to adopt and develop their own AI capabilities, or face the risk of becoming uncompetitive and unsustainable.

AI can provide businesses with a variety of capabilities, including Big Data Management, Cyberattack and Hacking Detection, as well as Employee Recruitment. Not only can it help a business scale their operations, but it can also help manage and optimize employee workload, as well as extend the business’s overall reach to consumers. While the abilities provided by AI are clearly beneficial to most companies, there are reasons as to why certain companies may incur more respective cost if they attempt to adopt AI. For many small companies, data security and scaling to growth may not necessarily be issues the respective company needs to solve. In similar cases, it is therefore unnecessary for the company to implement AI if the industry and makeup of the company doesn’t call for it. With that being said, the majority of businesses across America must stay with trends and industry changes as emerging technologies (like AI) continue to disrupt and dominate the landscape of American businesses and corporations.