Sunday Jan 29, 2023

Stop Investing Heavily in AI Technology

AI

We fear that some business leaders are making existential mistakes. The percentage of companies adopting A.I. has increased between 50% and 60% in recent years. Meanwhile, some executives are sharing their frustration at not seeing the level of AI efficiency. their expected investment. They just couldn’t lift it.

Are some companies abandoning the pursuit of AI? We have no hope. Leading companies achieve significant returns. There is a significant increase in revenue of 20% or more of earnings before interest and tax (EBIT) from AI as they apply technology to improve decisions, make faster and working normally. exploring new things can take an organization into an entirely new business area.

These are not just tech companies, they are companies and industries ranging from health to mobility to financial services. They plan to continue integrating AI into everything they do, expanding their advantage over competitors who don’t invest in AI capabilities.

What do these companies do differently? They are putting a significant portion of their AI investment into capabilities that allow them to do more AI, faster, with less effort. They invest their money in building a good company A.I. Special production has a repetitive process
In the beginning of A.I. travel, companies often use a small hand of A.I. rate drivers and use cases to solve business problems.

In some companies, and in each of the successful ones, they do more to help achieve those victories: for example, creating a comprehensive model and encouraging more experiments in the silos of their organization . While it is wise to continue to invest in these areas, doing a lot of things that bring the first results is not enough to make AI happen. using multiple locations across your organization, which is key to determining the maximum return on investment.

As one-time production increases, the complexity and costs associated with teams starting each development effort from scratch, analyzing hundreds of raw datasets, writing custom code, and deploying development tools and technologies are increasing. In order to measure AI, investment must be made in creating usable infrastructure, platforms and repeatable processes (industrial models), which enable AI. one to build, deploy, and maintain models in less time and less manual effort.

In our survey, respondents from the group who see the highest returns from A.I. you are likely to use this production method. And in our work, we have seen many organizations that are beginning to do it well. Vistra Corp, the largest competitive energy producer in the United States, created an AI office to coordinate the installation and processing of more than 400 types of A.I. It has achieved revenue of $60 million in about a year and continues to see a map of $250-300 million in Ebitda recognized in the reduction of greenhouse gas emissions.

Similarly, Asian financial institutions can reduce the development time of new AI applications by more than 50%, in part by creating high-quality, out-of-the-box products in addition to potential data. to use in many A.I. application. The company also designed data management tools and systems that support creating a sustainable data pipeline, and created assets to organize and optimize time-consuming processes, such as data logging.

In the Company’s A.I. Tree

The AI ​​Center is not a physical location, but rather a process for organizations to deliver AI to others. application in less time and less effort. This includes, for example, giving development teams access to the tools and technologies they need from an end-to-end solution that reduces time-consuming integration efforts. It lays out an AI development and deployment playbook as well as standard practices, gathering best practices from across the industry so development teams can use them over and over again. It focuses its efforts on creating small ready-to-use assets, whether data products or code snippets, to give teams a head start on the project. 메리트카지노

Consider how simply using existing code can help drive many aspects of statistics. Just a few years ago, most AI developers had to write every AI solution from scratch. Today, organizations can download A.I. state-of-the-art, open and preformed. models for use in application development. For example, we saw a global energy company implement a protocol that successfully predicted customer cancellations by implementing just a few lines of code.

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At the same time, the low-code/no-code platform enables users without high A.I. the ability to develop A.I. application. Teams see the highest returns from A.I. can use these tools to save time 1.6 times. For code that must still be written in-house, company leaders are promoting a focus on reusability.

They encourage and celebrate the efforts of data scientists and engineers to include their code in a middleware that other users can easily deploy for other applications. With code that can be used with non-technical users can help build basic intelligence. application, A.I. the most qualified. Employees are free to focus on their skills and engineering of powerful applications with high value for the company. This increases their productivity, allowing corporate teams to do more with less A.I. the most famous. Talent. It also makes all AI employees happier because everyone can focus on the work that is most relevant to their area of ​​expertise, the key to keeping the organization together.

But, more importantly, it allows the organization to redirect talent and effort to other emerging tasks necessary to develop A.I. tree. One such job is that of a Machine Learning Engineer, who is skilled in turning AI models into enterprise-level production processes that work efficiently and automate machine learning pipelines, from and data entry to the business intelligence stage.

Now is the time to look at AI, even in times of chaos and stability. The winning companies doubled down and proved that more AI is possible. with little time and little effort so that they can get the big fruits that technology promises.

Read: How Does Malware Affect the Internet of Things (IoT)?

Marianne Kaiser

4 thoughts on “Stop Investing Heavily in AI Technology

  1. Parece que a adoção da Inteligência Artificial está se tornando cada vez mais comum entre as empresas líderes e está trazendo retornos significativos para elas. É incrível ver como a IA pode melhorar as decisões, acelerar as tarefas e levar as organizações a novas áreas de negócios. Estou animado para ver o que mais a IA pode oferecer no futuro!

    Profissional em Cobranca Indevida na Caixa Economica Federal em Parque Sao Paulo Campinas SP, Brasil – BR

  2. É incrível ver como a IA tem se tornado uma parte cada vez mais importante das empresas. Embora alguns executivos possam estar frustrados com os resultados iniciais, é importante lembrar que a IA pode levar a melhores decisões, mais rápidas e a novas áreas de negócios. É empolgante ver as empresas líderes obtendo retornos significativos de seus investimentos em IA.

    Especialista em Imoveis de Luxo, Brasil

  3. É incrível ver como a IA tem sido usada para melhorar a eficiência das empresas e aumentar seus lucros. É notável como a IA pode levar uma empresa a novas áreas de negócios e abrir novas possibilidades. No entanto, é importante que os líderes empresariais entendam os riscos e erros existenciais envolvidos para garantir que o investimento possa ser levantado.

    Especialista em Agencia de Marketing Digital, Brasil

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