Ai For Businesses

MJR1984

What do people think about the use of AI for businesses. I personally dont think the tools are there yet but i'm also torn between machines taking employees tasks off them. 

oldernonethewiser

MJR1984 said:

What do people think about the use of AI for businesses. I personally dont think the tools are there yet but i'm also torn between machines taking employees tasks off them. 

....and?  What is the other thing?

Machines have been used in place of humans for donkey's years. Nothing new there.

I think currently AI is mostly used by people to mean machine learning and has become a catch-all of anything new in the world of consumer tech.

DullGreyGuy

MJR1984 said:

What do people think about the use of AI for businesses. I personally dont think the tools are there yet but i'm also torn between machines taking employees tasks off them. 

Depends on the tools and what you are defining as "AI" given it's a buzz word people will stretch the definition and potentially incorrectly apply it which may result in unsatisfactory responses. Some seem little more than complex macros. 

Seen endless attempts to try and get something that can read a policy document and enter the details into a system, they started long before AI was a buzz word and initially little more than OCR and fixed instructions that policy limit was the number on line 10 of page 2. Newer tools claim to use machine learning with large language models etc but still are fairly poor at picking the right data (though better at giving a confidence rating on the data entered). 

eddddy

You probably need to provide more context for your question, but...

AI would generally be used to do things like...

• Reduce costs / increase productivity, and/or
• Improve the quality of products and services

So businesses will want to use AI for those types of reasons.

So if one company uses AI successfully, but another company chooses not to - the company not using AI will become uncompetitive (more expensive, lower quality products and services), and potentially go out of business.




I guess you can draw analogies between the 'AI revolution' and the 'Industrial revolution'...

• If one business decided not to embrace the Industrial Revolution, and continued to deliver their products by horse and cart...

• ... but another business decided to use 'new fangled' lorries to deliver their products

the business using horse and carts would have probably lost their customers and eventually gone out of business.

The same is likely to be true of the 'AI Revolution'.