AI now tops the list of in-demand technologies for companies across the globe, with fleets of disruptive innovation increasingly present in the workplace
Tasked with combatting inefficiencies at every point, investment in artificial intelligence (AI) is a necessary step for forward-thinking businesses to ensure survival in a trend-driven market.
In an era where the back story behind a product is of growing interest to consumers, transparency, as well as efficiency and creativity, needs to be a business priority.
AI can help achieve this. It is the key for business growth and stability in changeable economic times.
Here are five ways AI will affect the business landscape in 2017.
1. Proving ROI
AI has come on in leaps and bounds, and the robots of 2017 will be able to learn, then take on multiple varied roles throughout the business.
The sheer competitive advantages of technology are fairly evident – allowing businesses to operate more productively and efficiently.
However, the technology’s ability to learn and its flexibility have seriously increased, meaning that it is more able to anticipate a business’s needs and proactively identify potential pitfalls before it’s too late.
In fact, through trial, AI could help cut production times for labour-intensive products from three months to three weeks – a mind blowing prospect.
This makes proving a higher ROI easier than ever before, catapulting AI into the business mainstream and making investment in the technology essential.
2. Minimising human error
AI enables tasks that were once carried out by humans to be done by machines far more efficiently, conveniently and ultimately at less cost.
In addition to near-continuous production, which reflects the rise of the 24-hour economy, once established these technologies can help reduce wastage and control the highest possible level of quality by eliminating the possibility of human error.
Factories are intensely-competitive environments and technology is crucial to keeping pace with burgeoning demand.
There is no place in the modern working environment for factory owners to continue relentlessly pushing staff harder to meet demand, as they risk a real drop in quality, which AI can go a long way towards eliminating.
3. Improving worker wellbeing
Technological innovation will also begin to directly impact employees’ quality of life, including working hours and pay. Standardised levels of worker well-being will become even more important in 2017.