I’m always on the lookout for new and innovative ideas that can help business leaders and entrepreneurs stay ahead of the curve. And one trend that’s been catching my eye lately is the rise of artificial intelligence (AI) in the workplace.
AI is expected to reach expert level in twelve months. Already, Microsoft is integrating AI into its platform such as Power Automate, BI, and ChatGPT.
AI has come a long way in recent years, and we’re now seeing it being used in a variety of industries, from healthcare and finance to manufacturing and logistics. But what exactly is AI, and how can it benefit your business?
At its core, AI refers to the ability of machines to perform tasks that would typically require human intelligence, such as learning, problem-solving, and decision-making. This can range from simple tasks like data entry and analysis to more complex processes like image and speech recognition.
I am not talking about the basic automation that we are accustomed to. AI is a capability that solves problems and works on questions that you may not even be aware of. We are talking about a capability that will make itself better without human intervention.
So why should you care about AI? For one, it can help you streamline your business processes and increase efficiency. By automating repetitive tasks, solving problems, and handling data analysis, AI can free up your employees to focus on more creative and strategic tasks.
Most likely, human roles will transition from labor intensive processes to finishing the last mile of a project and communicating options and outcomes to other humans.
AI can also help you make better decisions by providing insights and recommendations based on data analysis. For example, an AI-powered algorithm can analyze customer behavior and provide personalized recommendations for products or services that they may be interested in.
But perhaps most importantly, AI can help you stay ahead of the competition by providing a competitive edge. By using AI to optimize your operations and gain insights into market trends, you can make smarter decisions and respond more quickly to changing market conditions.
Of course, implementing AI in your business isn’t always easy. It requires significant investment in technology, as well as the expertise to build and maintain AI systems. But with the right strategy and approach, many businesses can benefit from AI.
So, if you’re looking to take your business to the next level, I encourage you to create AI Curiosity Teams. Have each team independently explore how AI is being used. Make sure that they explore use across industries and across functions. The teams shall identify specific ways to make your products/services and operations even better. Ensure that the teams work on a recurring basis because staying ahead of the curve will not be a one-time event. Introduce different team members into the team to keep it fresh.
Don’t be limited. Don’t accept status quo, comfort zone thinking.