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Are Businesses Ready for AI?

TechInAfrica – Technology has come to the point where it begins to be unseperable with human beings. Mundane tasks no longer need as much human power as it used to. Almost everything can be controlled without wasting too much energy. But this phenomenon is not as comforting as it sounds. While so many people beginning to feel more grateful eachday, others begin to feel threatened for the job they have. Unfortunately, technology is unavoidable, whether you like it or not.

So, what is the future of work?

AI via savvycomsoftware.com

In Asia Pacific, the bussines are bullish on investing in artificial intelligence technologies to prepare themselves for the future of work. According to study, they are optimistic about the returns. Howeer, they still have a long process to optimize the collaboration between humans and intelligent machines.

Cognizant surveyed 622 top business and IT executives at leading companies across the APAC region, to learn more about how the future of work with intelligent machines is being prepared by orgabizations in th Asia Pacific. The main obejective was to gain insight into the changes made by business leaders to take advantafe of AI-driven technolofies that augment human skills.

This is the age of human and intelligent machine. Eighty-two per cent of respondents cited that this technology is the top influence on the future of work in the next five years. The results will be based on how well companies blend and extend the strengths of humans with the capiblities of machines to create a hount team for business goals. The respondents expect 70 per cent of their workforce to be prepared to work with AI-driven machines in the next five years.

The economics of AI-driven machines is an unstoppable force. Intelligent machines are expected to propel revenue growth, while pulling costs down. With expectations for a twenty per cent increase in workforce productivity in the next five years, leaders are bullish on unlocking new performance thresholds. Compannies plan to spend 13.5 per cent, on average, of the revenew on the building and managng intelligent machines in the next five years.

However, the prepartion for change is crucial for businesses. It’s reported that among all the surveyed organizations,  only thirty five per cent feel fully prepared to handle the task, and only forty two per cent are confident about their ability to intergrate AI with existing business processes.

The biggest challanges are misalignment of workforce strategy with business gials, lack of IT infrastructue readiness, and a shortage of required talent and knowledge.

The finding stated that cognizant developed a fraework to help traditional businesses systematically move towad the new world of work with AI-driven machines.

There are five elements for organizations have to align to get there – tasks, teams, talent, technology and trust – for a success transition to enter the new machine age. The main key to achive that is ensuring all five elements are intergrated to create ultimate value. The movement needs to begin as soon as possible. No need to wait for more certain times or clarity over exactly what the intelligent machine is, and how it will become.

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