As more companies embed artificial intelligence in their products, services, processes, and decision-making, the definition of what AI is and where it can be most effectively applied is evolving as rapidly as the techniques themselves. What started out as algorithms used to determine loans, select new hires, and empower chatbots (with mixed success), is now deeply embedded and used in everything from predicting climate risks to picking sales leads. The question is no longer if a company should use AI — but where it brings the greatest competitive advantage.
3 Areas Where AI Will Boost Your Competitive Advantage
Algorithms are now essential for making predictions, boosting efficiency, and optimizing in real-time.
December 06, 2021
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Summary.
The question is no longer if a company should use AI, but where it brings the greatest competitive advantage. There are three areas where AI has now shifted from a “nice-to-have” to a “must-have” technology. Companies that push the boundaries of AI to sharpen predictions, boost efficiencies, and optimize the real-time pricing or stock control of their products are moving faster and further than rivals still conservatively wavering over the wisdom of using AI for these purposes.