Businesses are looking to use AI in their everyday operations. In fact, according to an article, PWC holds meetings to discuss how to incorporate AI into business and comes up with 40-50 ways.
Some examples of how AI is useful for every business: Industries involving routine, repetitive tasks that can be easily automated are at the forefront of this seismic shift. In the United States, jobs in office and administrative support, legal work, architecture, and engineering have the highest use for automation tasks through AI. According to a McKinsey survey, companies using AI in the year of 2021 to increase productivity, efficiency, and even creativity saw significant cost savings of 20% or more and revenue increases of 5%. This number is only growing. AI has become a powerful tool to help individuals create businesses. Guiding in things such as naming your company and even acting as a copywriter.
In last week's Trending Tuesday, we mentioned that not all AI is good. It's important to note that AI is not a perfect solution, and potential risks are involved. One of the main concerns is the possibility of bias in AI algorithms, which can perpetuate biases through AI's existing data input. However, the perfect merriment of human oversight and AI can be incredibly powerful. AI is here to stay and can significantly improve the quality and speed of operations for the business. By embracing change relating to AI, you may be surprised by what it can do for your business.