How Arti­fi­cial Intel­li­gence can mul­ti­ply your human capital?

“Arti­fi­cial Intel­li­gence (AI) is already chang­ing our lives and cre­at­ing a foun­da­tion for an infor­ma­tion-based soci­ety. In essence, AI is machine learn­ing – prac­tic­ing and exe­cut­ing tasks with­out rely­ing on human pro­gram­ming. How efficient!

For most of us, the embod­i­ment of AI are new clever gad­gets and expe­ri­ences, not for­get­ting devices and func­tions such as unlock­ing an iPhone with facial recog­ni­tion. AI also enables aspects in oth­er parts of lives. On promi­nent area is the health­care industry.

For instance, hos­pi­tals are now test­ing a pro­gram that inspects pic­tures of human reti­nas for signs of retinopa­thy. Unfor­tu­nate­ly, under pre­vi­ous cir­cum­stances, these signs have been diag­nosed too late for prop­er treat­ment. With the help of AI, these symp­toms can be rec­og­nized in time and dete­ri­o­ra­tion of the reti­na can be stopped. Anoth­er exam­ple of machine learn­ing comes from the auto­mo­tive indus­try where it enables vehi­cles to under­stand their sur­round­ings and dri­ve autonomously.

Evi­dence sug­gests that AI can increase health and hap­pi­ness, but one must still be cau­tious. The human fac­tor in deci­sions mak­ing can­not be ful­ly replaced in all situations.

Autonomous vehi­cles, per­son­al assis­tants, smart fac­to­ries and robots make our lives eas­i­er, safer and bet­ter. The lat­est advances in tech­nol­o­gy have made what once was believed to be mere­ly fan­ta­sy, a reality.

AI has begun to morph many indus­tries such as finance, health­care, resale, logis­tics, and media indus­try. There­fore, it is expect­ed to account for tens of bil­lions of addi­tion­al rev­enue Euros in the next ten years. For instance, many inno­v­a­tive solu­tions for the food pro­duc­tion and man­u­fac­tur­ing indus­try have been cre­at­ed through SAP Leonardo.

How to use AI in practise?

Ele­ments of AI will be a part of near­ly all types of busi­ness, at least to some extent. Orga­ni­za­tions should, there­fore, inves­ti­gate the poten­tial of AI through the fol­low­ing points:

• Rec­og­nize the areas in your indus­try where AI could be utilized.
• Find out how AI is now being used in your orga­ni­za­tion and what must still be done
• Under­stand your organization’s process­es and dis­cov­er the busi­ness cas­es where AI can increase effec­tive­ness and cre­ate added value.
• List the prac­ti­cal aspects which should be paid atten­tion to in imple­ment­ing AI includ­ing peo­ple and platforms.
• Record the infor­ma­tion with clar­i­ty and logic.
• Start recruit­ing and train­ing AI tal­ent already now. 

When will AI become mainstream?

Through data, AI can autom­a­tize con­tin­u­ous learn­ing and dis­cov­er rel­e­vant data. There­fore, AI is dif­fer­ent from autom­a­tiz­ing robot­ics in equipment.

Instead of man­u­al task autom­a­ti­za­tion, AI reli­ably and relent­less­ly per­forms vast num­bers of com­put­er­ized tasks. Still the human fac­tor can­not be ignored in this type of automa­tion, espe­cial­ly in the imple­men­ta­tion phase of sys­tems and when cre­at­ing the appro­pri­ate questions.

Arti­fi­cial intel­li­gence can make already exist­ing prod­ucts smarter. In many cas­es, AI is not sold as an indi­vid­ual appli­ca­tion. How­ev­er, many cur­rent prod­ucts are improved by incor­po­rat­ing AI fea­tures such as Siri, for instance, which was intro­duced to new­er gen­er­a­tion Apple prod­ucts. Automa­tion, chat pages, robots and intel­li­gent machines can be con­nect­ed to vast amounts of data to improve tech­nol­o­gy at both the office and at home – from secu­ri­ty research to invest­ment analyses.

Through pro­gres­sive learn­ing algo­rithms, AI adapts and dis­cov­ers data struc­tures and con­sis­ten­cies so that the algo­rithm itself gath­ers the data. The algo­rithm changes to a clas­si­fi­er or a pre­dic­tor. Just like an algo­rithm can learn to play chess, it can also teach itself which prod­ucts to rec­om­mend next when you are online.

Mod­els adapt when they are giv­en new data. If the first answer is not desir­able, AI will learn through addi­tion­al infor­ma­tion. The more we use AI, the more it will learn.

It can be said that AI is ful­ly able to squeeze every­thing out of data. When the algo­rithms are self-learn­ing, the use of infor­ma­tion becomes human cap­i­tal. In a heav­i­ly con­test­ed indus­try where all play­ers use the lat­est tech­nol­o­gy, the orga­ni­za­tions that uti­lize their data the best will have a true com­pet­i­tive advantage.”

Can we help you to dig­i­tal­ize your busi­ness with AI?

Con­tact Information:
Piia Hoff­sten
Chief Oper­at­ing Officer
piia.hoffsten (a) islet​group​.fi
+358 40 5877 303

Buzz­words: #AI #machine­learn­ing #dig­i­tal­iza­tion #autom­a­ti­za­tion #iot #intel­li­gence