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Here Is How You Can Win the Race to AI/ML Value Driven Economy

Here Is How You Can Win the Race to AIML Value Driven Economy
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This is the era of disruptive technologies that have transformed the way we work by streamlining processes, automating workflows, eliminating human errors, and many more such value-driven benefits. Artificial intelligence and machine learning (AI/ML) are two such disruptive technologies that many businesses are adopting in today’s age to attain overall business growth. But is that enough for the businesses? Implementation of AI/ML into their business processes is just the beginning. There is so much more to it.

Getting ahead with this revolutionized technology is the key for many enterprises. Rather than pivoting their focus on gaining efficiency and streamlining operations, businesses are striving to win the race and stay proficient. Understanding the benefits of implementing AI/ML and its use cases can help businesses drive business outcomes and optimize them across all departments and business processes. Businesses that overcome AI/ML deployment challenges and position it at scale are ready to be the winners of the AI/ML game.

Many surveys show that most respondents are utilizing the power of AI/ML in their infrastructure, creating and maintaining a stronger landscape. Business leaders find great potential in deploying AI/ML in their processes; however, they are also facing pain points when they try to optimize it. Lack of training, resources, talent pool, etc., are resulting in constant barriers for the leaders to witness higher growth and revolutionize their businesses.

In such a scenario, it becomes crucial to figure out some powerful ways to reach an AI/ML value-driven economy and become successful leaders in the process.

Starting the journey

Taking the first step towards achieving a bigger opportunity is the hardest part. Creating a foundation layer with the fundamental ideas about the implementation of AI/ML is the beginning of a successful journey. Sit with your team members and brainstorm abundant insights on how you can harness the power of deep learning, image recognition, natural language processing, algorithms, chatbots, and more.

Eliminating the skills gap

Once you have implemented the AI/ML in your workflows, the next step is to deploy it at scale. This requires proper knowledge and continuous training as there are multiple computing architectures and deep learning required in the process of AI/ML scaling. Hence, it’s necessary to have enough talent pool and to develop their skills in AI/ML to fill the skills gap and raise the potential of AI/ML in your organization.

Implementing customization

Your AI/ML model cannot stay the same forever. It must evolve to bring more flexibility. When your current model is stagnant and is fulfilling all your operational requirements and workflows, it is the right time to gear up and customize. Customization of your AI/ML model can be done as per your unique set of requirements. You can also outsource a partner that can help customize your AI/ML model towards improved infrastructure, allowing you more time to focus on critical business decisions.

Conclusion

Optimizing the full potential of AI/ML in your organization can drive business value, innovation, and revenue. Consider the main challenges such as the skills gap, lack of infrastructure to successfully manage increasingly compute-intensive AI/ML, customization issues, etc., and work on overcoming these barriers. You can always seek help from outside partners and use their knowledge to create your AI/ML models and infrastructure more efficiently, getting closer to staying agile for further challenges and disruptions.

About the author

Aiswarya MR

With an experience in the field of writing for over 5 years, I find my passion in writing for various topics including technology, business, creativity, and leadership. I have contributed content to hospitality websites and magazines. Currently looking forward to improving my horizon in technical and creative writing.