Siya Carla is the Solution Consultant at Finoit Technologies, a leading custom software development company which provides unique web design and mobile app development services. By creating interactive mobile apps for 450+ customers across the globe, Finoit enjoys a great reputation as a prominent mobile app development company.
As the new technologies are taking their expected roles, the fate of the modern business is largely dependent on reaching the finish line of technology milestones first—a poor second is left with little to savor. The challenge in winning the race to AI is not the threat of losing to someone stronger, but to not practice steadily, not choosing the best starting position, and not making a steady start.
As for now, artificial intelligence technology is used only in narrow situations, generally limited to surveillance, security, and marketing personalization. If the experts of artificial intelligence to be believed, even only considering what appears to be the least possibility, and provided the necessary infrastructure are made available, stronger artificial intelligence has the capability to change the course of human civilization and countries, least a business.
On the country level, China is determined to win the race, investing billions of dollars in creating an AI ecosystem, with a top-down approach to the proliferation of artificial intelligence and machine learning, availability, and easy access to a massive amount of consumer data.
AI implementation in the United States otherwise is largely concentrated in Silicon Valley—Google, Microsoft, Amazon, and Facebook. The role play of these ai companies in determining the future of ai is crucial yet not enough. And this is a call for lawmakers, technologists, and strategists to work for increasing influence over alternative possibilities—public sector organizations, start-ups, and entrepreneurs.
Implementers such as a software development company also has a bigger role to play when it comes to making AI available for end consumers.
For start-ups and entrepreneurs to succeed, they need to align multiple factors to make a commercial concept of artificial intelligence work for their businesses. The major task is to identify the specific goal of AI in their business, whether with respect to a process or a product-specific solution.
The plan seems to be working for start-ups and entrepreneurs in the current digital ecosystem is to research, develop, and disseminate the most basic yet important Artificial Intelligence technologies. The objective should never be to look at the larger picture and compare your stand with formidable entities like Google, Microsoft or Amazon, if so, you will force yourself to toe the line, ending up with a cheaper replica of their products or solutions.
The goal should be to identify the real-world problems, the pain-points of your users and employees, finding out what is stopping your business and resolve the issue while brilliantly differentiating your solution not just in context with the use of AI but the product or service you provide.
Big companies engage with a larger audience base and so they already own massive datasets. They will always be in an advantageous position to teach the AI how we behave and the gap will only become wider with time. With the help of your custom software development company If you successfully differentiate your AI project, you can at least create strategic competition in many business areas in years to come.
Artificial Intelligence—Research Vs. Applied
When you are on the applied side of Artificial Intelligence, as explained by Cassie Kozyrkov of Google, you simply need the understanding of how AI tools work and what you can achieve using those tools.
For example, if you are in the restaurant business, applying AI tools to your software systems could help you provide specific details about your business, depending on what information you need, such as at what time most of your customers visit the restaurants, what do they order most, what is their order pattern in general and so on. These types of information about your business can help you mobile resources to a more efficient process.
Regardless of your business type, integrating AI tools to business process management applications can help you process massive amounts of data to generate insight, process historical data to identify patterns, precision-adjust demand forecasting models, automate account closing, and connected sales, accounting, and inventory processes. You can closely work with your software application development company to bring these functions in your application.
On the research side of Artificial Intelligence, it requires an acute understanding of mathematics across a range of disciplines to develop those AI tools that help you achieve all those above-mentioned functions. Technology companies like Google and Facebook work on the research side of Artificial Intelligence. In the higher league, there is little empty spaces to play your own game, and yet the real-world problems are never-ending, which means you will always have enough scope to create your niche, identify the challenges and build AI tools to resolve the issues.
For say, a San Francisco based technology company, Chooch AI, is working with state agencies, researchers, and technologists to address the fire incidents in California forests. They are building AI which is trained to identify heat and smoke using infrared technology and so can spot the fire over thousands of acres of land.
Acquire Human Intelligence
No matter which side of artificial intelligence technology you are, you require significant human intelligence to use the technology in the ground. As artificial intelligence and machine learning is gradually entering into mainstream technology, crossing over the boundaries of elites, a lot many companies will pedal to acquire the essential human intelligence, resulting in a shortage of talent.
Beginning early has the added advantage of getting the right talent by your side. You can acquire this talent initially by hiring an agency with hands-on experience in artificial intelligence technology implementation or building a team of your own. And before all that, imagine your business in a variety of ways to resolve problems, increase revenue, and foster innovation.