The AI Advantage

Name: The AI Advantage
Author: Adell Falah

Thomas H. Davenport

7 ideas

1.75K reads

Strategy

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Human Resources

Artificial Intelligence

Technology & The Future

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AI Affects

AI is complex and challenging to integrate, but it will transform everything in the long run.
AI encompasses several different technologies that are used for different purposes.
Big companies and start-ups are leading the way in AI. They are using it for "process automation," "cognitive insight," and "cognitive engagement."
Organizations need to develop "cognitive strategies."
AI will change the workplace, eliminating some jobs and transforming others.
Applying AI carries technical, social, and ethical challenges. Firms should be open about how they use AI.

416 reads

AI used for

The technologies that fall under the rubric of AI include:

"Statistical machine learning" - Many firms use machine learning to enhance their operations.
"Neural networks" - This more complex version of machine learning is useful for categorizing activities.
"Natural language processing" (NLP) - This is used to analyze text, translate, and recognize spoken language.
"Semantic NLP" - This form of AI involves graphing a language's rules and relationships.
"Robotics" - This technology includes both physical robots and "robotic process automation" (RPA).

303 reads

Organizations tend to use AI in three general areas:

Process automation” – This common application uses robots or RPA for repetitive tasks, transferring data between systems, updating or reconciling systems, and so on.

“Cognitive insight” – This involves using AI to generate apps that employ algorithms to find data patterns and help users interpret data.

“Cognitive engagement” – Businesses provide AI for customers and workers, as in around-the-clock customer service; recommendations; answering employee

270 reads

Benefits of Cognitive Strategies for AI Development

Organizations need to create cognitive strategies for AI development.

Why?

Data analysis is a key aspect of AI.
Usage strategies should align with the organization's handled content.
Set goals for internal and external usage
Some strategies can evolve into AI-driven business models and drive future development.

How?

Develop strategies that cater to your specific organization and AI system.
Ensure alignment with the type of data being handled.
Take into consideration both internal and external goals.
Continuously evaluate and improve strategies as AI technology evolves.

221 reads

The Benefits of AI Strategy ✨

AI strategy leads to improved data analysis and utilization of AI technology.
It enables organizations to make efficient decisions and improve their decision-making capabilities.
AI strategy provides the potential to develop innovative and AI-driven business models.
It encourages adaptation and growth in a constantly evolving technology landscape.

188 reads

“Cognitive technology is primarily about analyzing and extracting insights from content – data, information or knowledge.”

ADELL

186 reads

The Five Stages of AI and Workers

Organizations can see workers go through five stages as AI is implemented:

🔍 "Stepping in" - Monitoring & modifying AI apps
🏃‍♂️ "Stepping up" - Using AI for simple tasks & creating strategic visions
🤝 "Stepping aside" - Focusing on skills that humans excel at, like collaboration
🧐 "Stepping narrowly" - Specialized jobs that won't be automated
🚀 "Stepping forward" - Designing & building new AI

Get ready for the future of work and the role of AI in the workforce!

169 reads

IDEAS CURATED BY

Adell Falah

@adell_mamduhfal

CURATOR'S NOTE

How to Put the Artificial Intelligence Revolution to Work (Management on the Cutting Edge)

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