Get All Access for $5/mo

Artificial Intelligence is Really the Future? Let's Explore Corporate world can leverage artificial intelligence to optimize productivity, provide real-time insights, facilitate critical communication and more

By Aastha Singal

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Can we imagine our lives without computers? It's a big NO from individuals from every walk of life. These intelligent machines have become an irrevocable part of our lives in the last few years. With computers becoming smart and smarter, we have taken giant leaps to convert what once was recognized as science fiction into reality.

Despite the scare of robots taking over measly human jobs, major companies have understood the relevance of the technological miracle that is Artificial Intelligence, popularly recognized as AI. Unlike 20 years ago, people don't undergo any sense of hesitation before talking to an Alexa or a Siri, testifying that the era of intelligent machines that work and react like humans has come.

The recent developments in the field of AI make it a relevant time to understand the opportunities that the corporate world can leverage to optimize productivity, provide real-time insights, facilitate critical communication and more.

The Recognition

The fresh recognition given to the pioneers of artificial intelligence, computer scientists Yoshua Bengio, Geoffrey Hinton and Yann LeCun with the Turing Award, an honour that is better known as technology industry's version of the Nobel Prize has established that the world is acknowledging the relevance of emerging tech.

AI has become a part of DNA for tech giants like Google. To maintain the sanctity of this technology and address the concerns around the ethics revolving around the growth of artificial intelligence, the company has created an Advanced Technology External Advisory Council to keep AI in check and shape the "responsible development and use" of AI in its products.

The Adoption

Apart from being the fastest growing technologies in science, AI has taken the crown for being the front-runner for digital transformation, which has become a major part of every company's agenda; 40 per cent of which is expected to be met by employing artificial intelligence. Smart assistants are fostering decision making procedure in diverse fields, from medicine, IT and education too.

Currently, voice recognition is the most widely used feature of artificial intelligence. Automated communications not only improves performance but also empower companies by generating meaningful data for better planning. The following infographic by IT outsourcing company, provides an insight into the applications and advantages of artificial intelligence:

Aastha Singal

Entrepreneur Staff

Former Features Writer

A business journalist looking to find happiness in the world of startups, investments, MSMEs and more. Officially started her career as a news reporter for News World India, Aastha had short stints with NDTV and NewsX. A true optimist seeking to make a difference, she is a comic junkie who'd rather watch a typical Bollywood masala than a Hollywood blockbuster. 


ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Growth Strategies

Learn business by doing business across the Globe: The next revolution in Entrepreneurship

As the startup ecosystem sees an influx of new entrepreneurs, the question arises: Is our current business education sufficiently equipping students for the entrepreneurial challenges they will face?

Business News

You Can Now Apply to Renew Your U.S. Passport Online — But There's a Catch

The U.S. State Department officially launched the beta program this week.

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.