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January 2020

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AI trends

Adopt Early

Advantages | AI Based Solution

According to Forbes.com, The 7 Biggest Technology Trends In 2020 Everyone Must Get Ready for Now has AI-as-a-service in the 1st position which highlights the importance of Artificial Intelligence based solutions and services which are being offered by providers across the globe to solve for various business problems. Furthermore, it states that, starting 2020, people will increasingly come closer to AI based solutions. It’s this change that inspires us to bring out the advantages of adopting AI based solutions at an early stage to any industry.

Innovation is the need of the hour and in touches every industry, domain, process. With the transformation we see in different industries today, it assures that innovation is going to be key for rapid business growth, improve productivity, growth to new sectors which directly or indirectly relates to economic growth.

Organizations, Institutions, identified stakeholders and Decision makers, play a big role in determining whether to implement a new idea/solution or not. Deploying an AI based solution is definitely a step towards positive trend for sure keeping in mind the tomorrow factor which positions the organization or institution ahead in the race of competition. However, it also has its share of challenges, questions around market-readiness, resource and priorities but holding off implementing and delay in embracing new technology will give way to a new set of challenges over the years.

In order to try new solution, it’s important to define a clear strategy towards early adoption. We will discuss on advantages and facts on early adoption which will help define the strategy which helps in not just embrace new technology or solution but make sure that most key innovations are getting adopted within the organization or institution.

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Awareness and Interest: Being part of Early adopter program, you get a chance to    
              understand the changes industry is going through and changes in business process, way we do things will 
              transform in the future, new usecases that AI based solutions try to solve. This puts you ahead in the game…

Understanding of business problem:   This is one of the key advantages being part of the early adoption.
              One can get very useful and valuable insights on how the solution will be solving the core business
              problem. This will help in formalizing the implementation strategy so as to address factors such as
              application (software needs), tooling needs(software), process changes, new processes, talent shifts
              needed, investment needed, business process impact, training all staff and many more…

2020 onwards we will see wider adoption of AI based solution globally and a growing pool of software providers that are likely to start offering more tailored applications and services for specific or specialized tasks. This will mean no company will have any excuses left not to use AI based solution – Forbes.com

Reference

Rogers, E. M. (2003). Diffusion of innovations (5th ed.). New York, NY: Free Press

https://www.forbes.com/sites/

AI trends, Info

AI – A New Ray of Hope

Artificial Intelligence and Machinelearning, the two terminologies have become uncommon across various industries, professionals, students, academicians, researchers and business houses. The AI transformation journey has already begun some years back and interesting predictions and forecasts on how AI is going to change our lives are in place today. Douglas Hofstadter expresses the AI effect concisely by quoting Tesler’s Theorem: “AI is whatever hasn’t been done yet.”

In the near future, one can be assured that AI and machine learning will play a key role in Healthcare, Fintech, Marketing/Sales, Retail, Manufacturing, Human Resource, Education and many more industries.

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Further we will see some interesting facts on how AI can disrupt education sector in general.

According to CBINSIGHTS(Source), South East Asia is a major market where AI is getting more adopted and this is real disruption that we see in this industry in the form of startup funding. Though this provides positive trend, AI also has its own share of priorities, challenges, benefits, impacts, obstacles, technology challenge, training and employee adoption which needs to be understood well based on the usecases or business problem before deploying AI based solution.

To name a few sample usecases which are transforming the education system today such as smart content, tutor interactions, experimental learnings, natural language-based interaction learnings, digital learning content, learning through prototype building, inclusion tools and many more. Intent is to leave the reader with the thought of disruptions that Education sector is going to embrace in near future.

Starting 2020 and by 2024, AI and machine learning is expected to be a core part of all educational 
experiences. New and Innovative business usecases, problem statements have started to emerge, Thanks to the startup era, AI based solutions have started to show the benefits and application to a wide range of educational needs and it’s A New Ray of Hope that will greatly improve overall learning outcomes for all.

References

https://www.cbinsights.com/research/ai-education-emerging-applications/

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