How to Prepare Your Business for the AI Future?

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Are you ready for your AI Future? Everyone who’s an expert in AI will tell you that you should be prepared. The next 10 years are going to cause a total revolution in technology, and AI is going to be the leader in it.

A few years back, the existence of humanoid robots was just a story from a sci-fi movie, but today they are a fact. Everywhere around us, we can see the beginnings of this revolution – from marketing capacities on social media to traffic lights on the streets.

AI is taking over the reality we live in, and everyone should be prepared for it. In this article, we’re going to talk about the steps an entrepreneur must pay attention to if their business has a chance at being taken over by this revolution. Read on to find out more!

1. Understand the technology and its rise

Some people still argue about the rise of AI. They think it’s not going to become anything special, and it is certainly not a revolutionary issue. However, the numbers are already proving them wrong. Artificial intelligence statistics show how big the industry already is. For example, the chatbot business is now worth $8 billion.

By 2030, expectations are that the job position where employees chat with customers will completely disappear. Communication will entirely be handled by AI software. By 2050, the entire customer service industry will be taken over by AI robots.

2. Go step by step

Start with the small things, like the chatbots we mentioned. There are thousands of free software programs you try to see how they work. Still, the really good ones come with a price, but this will show you exactly how good the technology is.

Also, you can implement AI software into other sectors that will prepare the employees for later, more serious, and more complicated operations. For example, the finance sector already sees great benefits from AI software.

What robots can calculate, compare, and research, the standard employee can never do. More importantly, they can do this in a matter of minutes. Financial consultants, a job position that every company should have, rely on fast and accurate research and calculation. AI robots do this hundreds if not thousands of times faster than people.

3. Don’t spend money on heavy and expensive vehicles

One of the industries that is being heavily impacted and will surely see a drastic change in the next decade is the automobile industry.

Many countries around the world are completely abandoning petrol cars and introducing electric engines. This is not the revolution we’re talking about, though. The whole electric step up will be completed with autonomous vehicles.

Why is this important for business? Because AI-driven vehicles will cut expenses at an incredible level. This is why investing in huge trucks, and paying top dollars for petrol engines that might disappear in the next few years is just not smart. Wait and see what the revolution will bring in the next two to three years and then make a big decision.

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4. Train your staff to understand it

Medium-sized companies have more than 250 workers. A lot of them do their job just fine, but when it comes to technology, they know nothing about it. Predictions say that by 2030, 500 to 800 million people will become unemployed because robots will take over their jobs.

Some of these people were loyal to their workplace for years and maybe even decades. Showing them the door because robots are going to be introduced is just not ethical. The same analysis can be said about the change of the industry – AI says that another 1.2 billion jobs will also become available.

That means it will be best if you train employees now. Keep them in your company, earn their trust, and gain even more loyalty because of it.

5. Keep track of the competition

Keep track of what the other companies in your field are doing. If you accept new technologies too late, you can be sure that the competition will be ahead of you.

Have you noticed that all of those who accepted new inventions first are now millionaires? Bill Gates, Larry Page, Elon Musk, Jeff Bezos – all visionaries, and brave to get into the new and the unknown.

If you let the competition be the one who will take advantage of this, you might miss great opportunities and, with it, miss the chance for great profits.

Conclusion

These five points should be enough to get you prepared for artificial intelligence and your AI Future. Understanding it and patiently implementing it will get you ready for the big impact. The better you’re prepared, the more benefits you’ll see from it.

About the Author

Mila

Toronto born, puppy-lover and passionate blogger. Traveling the world and proving people wrong is my specialty and hobby. Love reading up on the newest trends and have a passion for anything creative and trending.
Find out more about @milabera

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