Digitization with AI: The game changer in IT & Consulting
LeSoft
The times have changed, and so are the ways of doing business. With the digitization of business processes, companies have shifted to all new ways of carrying out their business processes, which has led to a surge in digital transformation all around.
Wherever the challenges arrive, they always put forth a set of opportunities with those challenges, and that's precisely what has happened in the aftermath of digitization.
Companies are now realizing the rising significance of digitization, which is not only making business processes easier, but also presenting the companies with a digitized way of carrying out their business processes.
However, this was not the case a few decades ago, when organizations used to be susceptible and vulnerable towards investing in digital business processes, and this not only led to organizations incurring more costs but also making companies miss out on opportunities, which, would have made them reap the fruits of processes, and profitable insights in unimaginable ways.
With the rising need for digitized business processes and the benefits that digital transformation provides organizations, companies have started investing massively in digital tools and technologies, and that's where emerging technologies have become the new normal.
Now, what beckons us with the question is what exactly are the emerging technologies and how beneficial they are in transforming businesses.
Well, the answer lies in the very notion of the existence of emerging technologies itself.
The term emerging technologies refers to technologies whose potential has yet to be realized so far.
Still, it holds massive potential that leverages digital technologies and drives profitable businesses, real-time insights, surged productivity, and retained clients, which benefits both the companies and their businesses.
Simply put, Artificial Intelligence, abbreviated as AI, refers to a technology that utilizes the simulation of human intelligence processes using machines and computer systems to deliver specific applications of AI, including natural language processing, speech recognition, and machine vision, among others.
AI has accelerated businesses in ways no one envisaged decades ago. While it has made the companies drive profits, it has also led to an all-new digital experience for the customers.
Recent research suggests that organizations that have utilized AI reported more benefits in revenue generation and profitable insights than those that do not use AI in their business processes.
AI systems and software work by ingesting large amounts of labeled training data, and analyzing it for correlations and patterns, to make predictions about forthcoming events.
For instance, a chatbot, which works on the principle of AI, is fed with examples of text chats to produce lifelike exchanges with people and an image recognition tool to identify and describe objects in images by reviewing the plethora of business processes and benefiting organizations.
Similarly, AI holds plenty of potential benefits that are yet to be explored but are potent enough to change the entire spectrum of businesses in the upcoming years.
The positive sign that has been observed recently is the surge in the number of companies utilizing the benefits of AI, which was not the scenario a few decades ago.
Conclusion
With the rise in digitization, emerging technologies are at an all-time high to deliver the maximum possible benefits to users with the minimum utilization of assets and technology.
With the rise in digitization, emerging technologies are at an all-time high to deliver the maximum possible benefits to users with the minimum utilization of assets and technology.