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