Currently, more and more companies are implementing AI (Artificial Intelligence) or planning to implement it. Defined as technology that can mimic intelligent human behavior, AI has the potential to transform a business as a whole, and increase its competitive advantage over its competitors. The business functions that benefit the most from AI are manufacturing and risk management.
AI adoption in companies does not always run smoothly due to various obstacles. Some of the difficulties that may be found are, first: inability to formulate business problems to be solved. Second, the initial investment is too expensive and risky. Third, the absence of expertise and adequate human resources.
Business Problem Formulation
Although many companies are interested in adopting AI, many are hindered because they cannot explain the business problems that must be solved. As a result, they cannot determine the part of the company that should receive the AI investment. Organizations must have a strategy in place before adopting AI, with clear and measurable goals and desired benefits.
Like many other technologies, Artificial Intelligence will require an expensive investment. This is of course risky if the company itself is still in the exploration stage and cannot prioritize which business problems …
The COVID-19 pandemic has had a devastating effect on most industries throughout the World. The Work from Home policy requires some companies to stop operating because not all lines of business are permitted to operate.
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