Artificial intelligence (AI) is becoming a rapidly growing tech revolution in global industries, even though in some industries speaking of revolution is not entirely the case given that AI has sedimented an established footprint. It is the thirst for this intelligence that is pushing man and machine closer together allowing employees to divert their energies in driving higher value and more sophisticated input in operations and strategy.

Who is investing in robotics, and why? Multiple industries in healthcare, manufacturing, hospitality, engineering, and IT, have incorporated the function of AI to produce harmonies between standardization and creativity, for robots to work alongside humans rather than replace them. This is being enhanced through the use of multiple applications. Such as the use virtual personal assistants on mobile phones or desktop computers, or within manufacturing industries providing users with applications to overcome a variety of changes related to speech recognition, facial recognition, or automated decision making.

AI is evolving into an overall element of strategy and not being considered as just IT terminology. Machine learning and deep learning has assisted companies in releasing monotonous, routine process driven activities and has added internal value whereby employees dedicate more time to understanding the business, building and maintaining successful relationships, and understanding the market, which in turn achieves harmonization and overall success.

Artificial Intelligence has transformed start-up companies and industry giants by instilling the role of creativity in both production and customer experiences. This has been enhanced through vast updates in technology and internal processes and structures. Essentially, AI will need to be thoroughly understood before being implemented, with a framework put into place and followed for effective AI governance. This will in turn assist in developing more improved AI applications through enhanced skills and abilities taught to these machines. If the company has implemented improved overall procedures, than augmented intelligence and machine learning has been successfully utilized.

A particular risk that might slow down a more holistic implementation of AI is the vulnerability of AI algorithms to hacks and information breach. Albeit such risks must come from an IT sophisticated source, this threat is real when one considers the several data breaches suffered by what were thought to be highly secure institutions such as government institutions or tech giants. Such concerns have been voiced by businesses currently utilizing AI and those who do not yet see it as a priority resource.

AI is currently playing a key role in various industries and is still at early stages of adoption, however its presence is already being felt by consumers, competitors, users, and business leaders. Depending on the need and urgency, more companies will eagerly adopt AI approaches, while others might be more cautious in addressing and implementing these benefits.

Nicola Pace

IT & iGaming Recruitment Specialist

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See also:

Artificial Intelligence in Recruitment

The Big Data Ecosystem

Malta: The IT & iGaming Industry