Although the uptake of AI technology has been gaining momentum, there are still concerns and barriers that need to be addressed if it is to be used successfully. But first, what is AI?
Put simply, AI technology
uses algorithms that give devices and machines the ability to recognise patterns within data
. This information is then used to make decisions, mimicking human analysis. AI can be used for a range of applications, including improving business operations by automatically identifying problems and automatically implementing solutions, thus reducing the need for manual, human involvement.
AI can benefit businesses in various ways
By leveraging AI technologies, businesses can boost their productivity by giving employees time to focus on more meaningful, strategic tasks. This is as a result of this technology being used behind the scenes to streamline operations.
AI can be used to assist businesses in many areas, including fraud detection, improved data security, online store management or even saving employees time with AI-enabled appliances.
While the benefits of AI technology are impressive, it is important to note that not all
businesses are ready to build their own AI-enabled systems. The technology uses data to determine a course of action, which means that there needs to be a lot of high-quality data available to analyse and process. It is much easier for most businesses to use existing software or appliances that are already AI-enabled and apply them to their strategic needs.
It is more than just a behind-the-scenes tool
While AI technology can assist with the more serious side of the business, there is also the ease of access aspect of things. "AI-enabled appliances provide a real opportunity for companies to increase employee satisfaction and productivity by making certain tasks easier for them," adds Grant Kruger, B2B sales manager, LG Electronics South Africa.
For more information, visit www.lg.com.