All the enabling breakthroughs in AI capabilities lately have centered on technologies, but it is how that technology is applied to actual business and world problems that will dictate value and transformation. Technology is only the infrastructure for artificial intelligence.
This is, of course, common sense, and not unlike the majority of game changing uses of technology from the past through to today. ERPs and other technology based systems that integrate and speed transactional processing across organizations through automation result in true business value when the organizational processes are streamlined and the unique system capabilities are allowed to drive productivity. The tool enables change, but the change still needs to be implemented for value to come through.
It is the same with artificial intelligence.
With breakthroughs in computing power, cloud services, storage and sophisticated learning and adapting models, new and novel applications of AI capabilities have become a reality or can become the new reality.
We’re off to the races.
How AI technology gets deployed and ultimately integrated into the way business, individuals, society and the world at large work is a matter of creativity, innovation, and probably blood, sweat and tears.
Simplistically, AI can be used to shorten the time between idea and execution, can lower the amount of effort involved to get things done, and can enable results that may not have been previously practical to even undertake. The time and effort impacts are primarily productivity and efficiency. Doing things not previously possible or practical, will be true breakthroughs that drive enormous value creation through the use of AI.
Health care, the environment and environmental controls, language and communication and an acceleration of knowledge growth and development are all areas likely to see the highest level of AI impact.
Where will we see truly innovative applications of the technology?
