Harness AI to Benefit Your Business
Job loss. Depersonalisation. Irrelevance to certain industries. When it comes to discussions around the impact of AI (artificial intelligence) and automation on business, the popular narrative tends to be negative.
Forward-thinking company owners and decision-makers should brush off these concerns, though, instead considering the efficient operations and powerful insights that AI, through its application of algorithms to mountains of data – and its companion process, machine learning – can enable.
The potential economic benefits in South Africa are massive, with estimates being that the integration of AI into business could add a full percentage point to the national economy by 2035, doubling our output five years earlier than without it.
Still, there are many local businesses, especially SMMEs, who aren’t prioritising AI adoption at all. And while it’s possible to overlook some tools that hinge on AI, such as chatbots, dismissing the concept overall could hobble an organisation, especially as we advance into the fiercely competitive, fast-moving, and highly disruptive Fourth Industrial Revolution.
Here’s why you need AI in your business life right now.