Technological advancements are at an all-time high. The pace at which technological advancements are happening, who knows what is to come next! Let’s have a look at how Artificial Intelligence is going to impact your small and medium scale business in the coming future.
However, let us first understand that Artificial Intelligence is a broad term encompassing three types.
The technology of our very common email accounts, especially Gmail is an example of the first kind. It sorts our mail into three categories, without us having to face the onus of the same.
- The second kind we come across every day is related to your Amazon or even Netflix accounts. Remember how Netflix always is able to “recommend” you new shows based on your previous choices? Yep, that is another level AI working behind your screens.
- Thirdly, an autonomous form of AI wherein language translations and self-driving cars can be cited as examples.
Let’s revert to the discussion on how Artificial intelligence is capable of impacting your business today.
To say that Artificial Intelligence will completely revamp the structure of your enterprise is true. However, it is true only to an extent. AI can only change the structures of your business if you allow it to.
Yes, Artificial Intelligence can be incorporated into your business to make the business functions smoother and more efficient. But, only to an extent. Human touch is very important in most fields, if not all and will continue to be. No matter how advanced your business plans, technology, and the related structural changes are, personalized touch is always going to pay you in the end!
Infrastructural changes (IT services) in a business would be vital to take leverage of AI to enhance your business in the future. Artificial Intelligence can give you and your business a competitive edge. It is believed that in the next 5-10 years, most businesses are going to take advantage of AI to have a leverage over their competitors. New business avenues and ventures are likely to crop-up, owing to their dependence on the fact that AI is capable of reducing costs.