Artificial intelligence holds major promise for businesses in a variety of industries. AI-powered machines are capable of performing certain tasks at a much faster and more accurate rate than humans.
For example, researchers at the University of California San Francisco ran a study that showed AI can analyze heart ultrasounds faster and more accurately than board-certified technicians. In analyzing 180,294 echo images, AI-powered computers provided accurate assessments 91.7-97.8% of the time. Board-certified echocardiographers were accurate only 70.2-83.5% of the time.
Unlike humans, machines aren’t emotionally biased and aren’t influenced by prejudice, false assumptions, and the unconscious habit of ignoring contradictions. Machines see things as they are, and the result is increased accuracy. This high level of accuracy and efficiency makes AI appealing for business owners. However, there are several things to keep in mind when integrating AI into your business.
People both love and fear artificial intelligence
Experts say we are far from achieving true artificial intelligence. Still, many people fear artificial intelligence at its current stage of development will put them out of a job. This is a reasonable fear considering rideshare companies are already experimenting with autonomous vehicles. However, in most industries, AI is more of a tool than a threat.
AI automation poses no real threat to industries like marketing, web development, design, and other tech fields. In these industries, AI is generally used to perform calculations, recognize patterns, analyze data, and provide suggestions for informed decisions. In this regard, AI is used to support existing employees.
While human workers do perform all of the above tasks, they usually have other roles in the company that AI can’t fill. In most cases, the fear of being replaced by AI robots is unfounded. However, in some industries dealing with machinery and assembly, the possibility is real.
What to do when AI fears are unfounded?
Before implementing AI in your business, it’s a good idea to talk to your employees to alleviate potential fears. You don’t need to go into extreme detail, but be willing to provide enough information to answer all questions and satisfy all concerns.
What to do when your employees’ fears are real?
If you’re in an industry where AI software can entirely replace workers and you’re thinking about making this move, consider giving good employees the opportunity to move to a new position in the company. While you’re not obligated to keep people employed, it’s the right thing to do for long-time, loyal employees.
Are you on the fence or still researching AI applications in your industry?
If you aren’t sure how AI can support your business, take a course to learn more about artificial intelligence and its possibilities in your industry. Taking a course on AI will give you a framework to examine the ethical implications along with an understanding of the potential for business growth. You’ll also be better equipped to have critical discussions with team members and superiors regarding concerns and easing fears.
You can only understand the possibilities of AI to a small degree by researching on the internet. It helps to take organized courses and attend tech conferences where industry experts speak. Chances are, you’ll learn more at a tech conference than you will from reading articles and watching videos on YouTube. At a conference, you’ll be able to ask specific questions and get live feedback from experts.
What you’ll hear from the experts might surprise you. For example, you might think artificial intelligence is something that works independently from your human team members. However, artificial intelligence is most commonly integrated into the tools human team members use throughout the day. This integration is called “augmented intelligence.”
Augmented intelligence improves business processes
Augmented intelligence is when humans and machines work together to more efficiently produce an outcome. Unlike automation, augmented intelligence doesn’t replace workers.
Augmented intelligence combines machine learning, natural language processing, and data analytics to generate information humans can use to make sound business decisions. Humans review the data and provide input that “teaches” the program and the algorithm becomes smarter and outputs data that continually becomes more precise.
When your data is precise, your decisions are sound and business processes are more effective.
Is AI integration right for your business?
Whether you’re interested in pure AI or augmented intelligence, AI technology is currently being used in a variety of industries with positive results. Integrating AI into your business is a big investment; the positive potentials make it worth your consideration.
Article Submitted By Community Writer
