The AI Revolution Means All Firms Must Now Become Software Firms
In 2022, 70% of top economic performers in traditional companies used proprietary AI software to massively boost performance. In essence, value is increasingly software driven. The AI revolution means all companies must become software companies or go bust.
DigitalBiz's new videos show how any company in any sector can transform itself into a software company using AI. Traditional companies are not specialist software developers and include retail, construction, healthcare, financial services, transportation, mining, food and so on. And despite AI hype, it doesn't mean a company has to write software from scratch.
A company deploys an AI which then learns from a company’s own internal data sources, aided and corrected by expert staff with deep knowledge of company operations and the task at hand. The result is a unique blend of AI and data which delivers competitive advantage by learning from staff edits which allow it to fine tune itself to execute company tasks better, faster and cheaper.
According to Gartner most companies already use software to organise, produce, market, sell, deliver and manage. With cloud computing now delivering unprecedented power and expertise to a wide range of non experts in any company. The lesson is clear. Value will be increasingly software driven. The importance of human oversight and staff expertise is central. AI churns out information as data strings with little idea of meaning, relevancy or accuracy. It is a combination of AI software, company data, and staff with deep knowledge of operations, that delivers productivity gains.
DigitalBiz advice is that there is no need to go overboard or make a huge financial commitment. Start off small on a single task. And build from there. Pick a job that needs data entry, is repetitive or predicts the future. AI will likely do it more proficiently and cost-effectively. All businesses are different. But most will have separate, distinct, data driven, repetitive and prediction tasks as part of a process.
A key issue is that all AIs have the ability to learn from mistakes and need time to soak up human experience until it is fine tuned for a specific use case. It is this ability to learn from mistakes and not repeat them that delivers business value. Select a task and tackle it with a quick, simple AI pilot test. DigitalBiz content planning, creation and distribution pilot testing tools enable companies to test AI for free and to kickstart a low risk AI journey.
Visit https://digitalbiz.ai to find out more.
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