At several recent conferences, including RoboBusiness 2017 in Silicon Valley, sessions tried to demystify the hype around artificial intelligence. In many conversations, speakers and attendees asked the same question: “How can AI applications help my business, today and quickly?”
This may seem like a strange question, given all the talk about AI, but it is not. There are two reasons for that.
First, few executives properly understand machine learning and related technologies, what problems they need to solve, and what is possible. Most people in their leadership teams have formed opinions based on anecdotal stories.
Second, both startups and established vendors are launching solution after solution. Every rollout is called an “industry first” or the best thing since sliced bread. Basically, there are too many hammers looking for nails.
When you these two explanations together, it is not surprising that many executives are confused and paralyzed about AI applications.
“AI” is an umbrella term, and there are a lot of different flavors. Hence, there is no one-size-fits-all approach. Depending on the business problem, even within a single company’s operations of a single company, you may end up with different AI applications, from bots for customer service and virtual financial analysts to predictive maintenance and route planning.
So, how can you profit from AI, now and fast?
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