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.

Pixabay.com

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, heliossolutions.in 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. 

Business News

Homeowners in These 10 States Pay the Most in 'Hidden' Upkeep Costs

Hidden home costs pile on top of mortgage payments.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Business News

Elon Musk Threatens to Ban Employees from Using Apple Products, Says Will Lock Devices in 'Cages'

The Tesla founder sounded off on X following Apple's 2024 Worldwide Developer Conference on Monday.

Business News

Apple's AI Has a Catch — And It Could Help Boost Sales

Not every iPhone owner will get to use the new Apple Intelligence.

Business News

Y Combinator Helped Launch Reddit, Airbnb and Dropbox. Here's What I Learned From Its Free Startup School.

The famed startup accelerator offers a free course on building a business — and answers five pressing questions for founders.

Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.