Artificial Intelligence is at the top of global technological trends, as of today. Artificial intelligence is all about developing human-like characteristics using data science. Researchers argue, Information Communication Technology has reached its tipping point and artificial intelligence (AI) is beginning to spread its existence into every business, service and research. It is very likely, AI would become as one of the primary platform for business organizations to stimulate industry competition and determine profitability in the near future.
Un-doubtfully, AI is increasingly becoming a propelling business force via various avenues. In a sense, it enables business organizations to see their businesses through another prism. Multinationals, business accelerators and even the start-ups are desperate to make a footprint by using AI and create unique value offerings to their customers. As a researcher, I foresee that,AI is not really in a stage specifically in the Middle-East, where revolutionized technologies are about to be revealed. Rather, AI is being a vibrant phenomenon which seems to be progressively evolving with businesses than being a unique differentiator.
The notion of artificial intelligence and data science are intrinsically interrelated. Big data, business analytics, process automation, machine learning and deep learning are critical components of artificial intelligence. Obviously, whole value chain of an organization cannot be developed with artificial intelligence capabilities. Meaning, the business cases for artificial intelligence are increasingly complex, costly and time consuming. It suggests the degree of risk underpinning the design, development and implementation of an AI platform. Gartner reveals professionals who absorb risks on AI initiatives will be rewarded as long as they consider minimum two significant experiments in high impact business scenarios. Thus, organizations should use AI capabilities selectively for value creations. The very AI driven atmosphere also brings a question to the table, which is, how will pioneering organization develop business cases for Artificial Intelligence?
In my perspective, it is equally important to draw a parallel between the use of big data and the design-development of AI. Contemporaries say the success of big data is substantially depended upon being able to make the use of complex information exchanges. It prompts business information history to transform as competitive advantages for businesses. Extracting the right information via agile mode for businesses and the customers are also viewed as a solid advantage of AI. Firms in certain industries have already made moves in this line, developed super search tools for AI, which have the capacity to search and extract data for various business segments in double quick time.
Artificial intelligence is a growing chapter, so it would give you every other problem.Arguably, artificial intelligence will re-write new scripts for businesses soon.
MBA in IT or Information Technology is one option to study more about Artificial Intelligence (AI). Online, Part-time, On-Campus, Evening, Weekend and Distance Learning study modes are available for working professionals.
Written By
Mohamed Ashmel
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