Automated everything, a global economic expansion in the trillions of dollars and, of course, robots everywhere. The AI revolution was – is – supposed to accomplish all this, and more.
But it turns out that the revolution is more of an evolution, especially in traditional sectors like manufacturing, maintenance and insurance, where physical objects play a key role. AI has had an important impact on numerous industries, but it has yet to reach its full potential – either because the technology is still under development, or businesses are not quite ready for it.
The commercial progress and success of AI has indeed been slower than many expected - but that “delay” can actually work in favor of business. As machine learning, neural networks, and other AI technologies improve, more businesses will be implementing them – and that gives businesses time to get in on the ground floor of technology that is already making itself felt – and will make itself felt even more in the coming years.
Businesses that haven't jumped onto the AI bandwagon yet can still begin implementing AI technologies and business strategies – and ensure that they stay abreast, or even ahead of their competitors. And there is still plenty of opportunity to do so; a US Census Bureau study shows that AI technologies have yet to catch on in most industries. The study of nearly 600,000 US businesses shows that only a few percent were using advanced AI technologies like machine learning, machine vision, natural language processing, and others.
Continue reading: https://www.jpost.com/business-and-innovation/opinion/article-695662
But it turns out that the revolution is more of an evolution, especially in traditional sectors like manufacturing, maintenance and insurance, where physical objects play a key role. AI has had an important impact on numerous industries, but it has yet to reach its full potential – either because the technology is still under development, or businesses are not quite ready for it.
The commercial progress and success of AI has indeed been slower than many expected - but that “delay” can actually work in favor of business. As machine learning, neural networks, and other AI technologies improve, more businesses will be implementing them – and that gives businesses time to get in on the ground floor of technology that is already making itself felt – and will make itself felt even more in the coming years.
Businesses that haven't jumped onto the AI bandwagon yet can still begin implementing AI technologies and business strategies – and ensure that they stay abreast, or even ahead of their competitors. And there is still plenty of opportunity to do so; a US Census Bureau study shows that AI technologies have yet to catch on in most industries. The study of nearly 600,000 US businesses shows that only a few percent were using advanced AI technologies like machine learning, machine vision, natural language processing, and others.
Continue reading: https://www.jpost.com/business-and-innovation/opinion/article-695662
