Artificial Intelligence – Hype or Reality
Artificial Intelligence – Hype or Reality and how to navigate the field
Artificial intelligence and machine learning are hot terms, and many companies are eager to talk about how their products rely on these cutting-edge technologies. Established companies and startups want to explain how AI is a critical part of their business.
But often, “artificial intelligence” and “machine learning” are used as buzzwords, mere fiction used to get attention, client inquiries, and investment. Sifting through the AI hype is harder than ever, and business leaders find it difficult to determine who is actually using AI, and who is not.
Artificial Intelligence (AI) is finally starting to deliver real-life benefits to early-adopting companies. Retailers on the digital frontier rely on AI-powered robots to run their warehouses—and even to automatically order stock when inventory runs low. Utilities use AI to forecast electricity demand. Automakers harness the technology in self-driving cars.
A confluence of developments is driving this new wave of AI development. Computer power is growing, algorithms and AI models are becoming more sophisticated, and, perhaps most important of all, the world is generating once-unimaginable volumes of the fuel that powers AI—big data. Billions of gigabytes every day, collected by networked devices ranging from web browsers to turbine sensors.
However, early evidence suggests that there is a business case to be made, and that AI can deliver real value to companies willing to use it across operations and within their core functions. In our survey, early AI adopters that combine strong digital capability with proactive strategies have higher profit margins and expect the performance gap with other firms to widen in the next three years.
We offer leading-edge artificial intelligence (and other) methodologies to create unique offerings tailored to today’s decision maker needs based on your business, your investment priorities and your adoption capability.
At Sextant Digital, we have been at the forefront of the big data and intelligent analytics for over 20 years. We know how to apply new (or perhaps old re-named) technologies and solutions within the business priorities of our clients. We support your advancement into big data, artificial intelligence, machine learning, advanced analytics and natural language processing from a practical/tactical perspective.