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How Are Global Businesses Utilizing AI?

By January 14, 2019August 25th, 2022No Comments
How Are Global Businesses Utilizing AI?

Artificial intelligence is one of the most advanced and sophisticated leaps in technology to come along in a generation. This sophistication and the implications of its reach have, however, made some fearful of what it will do to the global workforce; after all, if computers can be trained to perform a job just as well as humans, what becomes of the humans themselves? But in reality, AI is actually helping organizations across numerous sectors.

According to one recent study, 31% of enterprises say that they’re going to make AI a top priority over the next year. Currently, 47% of all digitally mature organizations say that they have a defined (and advanced) AI strategy. Seventy-two percent of business leaders say that AI can be used to create a significant business advantage, while 61% of them say that they’re currently using AI to comb data in a way that identifies opportunities they would have otherwise missed.

AI’s Role in Global Business

And in an era when data is the new currency, it’s clear that artificial intelligence is no longer a recommendation but a requirement. AI can both complement and empower an organization’s existing workforce by providing a wide range of services.

In terms of data crunching, AI has helped businesses comb through massive data sets that otherwise may’ve taken weeks or months to accomplish. Not only can artificial intelligence make data more freely available across organizations, but it can also automate the process of uncovering the story hidden within those data.

Likewise, AI brings with it a host of unique implications for business management in particular. Organizations in numerous sectors are using it to make their email spam filters smarter. They’re making use of smart personal assistants like Siri, Cortana, and Google Now. They’re creating automated responders to increase the quality of their online customer support and leveraging smart devices that adjust according to behavior, security surveillance, sales and business forecasting, among other applications.

Where’s AI Going, What’s it Doing—And What Does it Mean for the Future of Work?

AI applications in the workplace requires that leadership consider a number of factors before, during, and after implementation. Organizations ought to also consider the risks and uncertainties that come with AI, and would be wise to examine its role in the workplace.  Likewise, understand that most of AI’s benefits for will fall into two key areas: marketing and sales, along with supply chain management and manufacturing.

A final factor leadership should consider is empowerment. Empowering employees—especially during a time when there is much speculation about AI “taking” jobs—to explore and implement new AI applications to improve their jobs, not take them; they’re giving them tools to better perform in their roles.

Wherever AI Helps Take Your Organization, Go with an Experienced Partner

Organizations have much to consider when expanding globally, not least of which are the tools needed to optimize the workplace—at all levels. There’s still much uncertainty surrounding AI, but as its applications become more ubiquitous in the workplace and in daily life, so too will its importance in supporting globally expanding business’ strategies.

If you’re considering taking your business to new heights (and geographies) in 2019, reach out to Velocity Global to learn how our International PEO (Professional Employer Organization) solution can make it happen—in as quickly as 48 hours. Ready to grow your global footprint? Let’s get started.