Dispelling the myth about Artificial Intelligence
Updated: Aug 6, 2022
All new innovations go through the same stages of rejection, avoidance, fear, and, eventually, acceptance. Too many people today regard artificial intelligence (AI) as yet another mysterious technology that is being implemented with little comprehension of how it works. They regard AI as unique, relegating it to specialists who have mastered it and wowed us with it. AI has taken on a mystique in this atmosphere, with promises of grandeur that are out the reach of regular people.
Of course, there is no such thing as AI wizardry. Since 1956, when the phrase "artificial intelligence" was first defined, the technology has progressed, disappointed, and re-emerged. The way to AI breakthroughs will be paved through widespread experimentation, just as it was with electricity. Many of these trials will fail, but the ones that succeed will have a significant impact.
That's where we're at right now. AI is the new electricity, as others have stated, such as Andrew Ng. AI is improving and changing the way business is done around the world, in addition to becoming more widespread and accessible. It makes extremely accurate forecasts and automates business processes and decision-making. The implications are far-reaching, ranging from improved consumer experiences to smarter products and more efficient services. Finally, the outcome will have an economic impact on businesses, governments, and society.
Organizations that promote AI broad testing will undoubtedly win the next decade's business opportunities. To deconstruct and demystify AI, two major parts of the category must be considered: the componentry and the process. In other words, figuring out what's behind it and how to implement it.
The Parts and Pieces
Similar to how electricity is powered by simple components like resistors, capacitors, and diodes, AI is powered by modern software components:
A modern data fabric that is unified. Data is the lifeblood of AI, so data must be prepared for it. On any cloud, a data fabric serves as a logical representation of all data assets. It labels and pre-organizes data across the company. Virtualization provides seamless access to all data from the firewall to the edge.
An engine and a development environment. A site where AI models can be built, trained, and run. From input to output, this enables end-to-end deep learning. Machine learning models aid in the discovery of inferred rather than expressed patterns and structures in data. It's at this point that it begins to feel like magic.
Characteristics of a human. A system for integrating models and applications to human traits such as voice, language, vision, and reasoning in order to bring them to life.
Management and use of artificial intelligence. This allows you to integrate AI into any application or business process while also identifying the different versions, how to optimize the impact, what has changed, bias, and variance. This is where you store your models for later use and where you can manage the lifecycle of all AI. Finally, it provides proof and explanation for AI decisions.
You should ensure that the AI and ML service company engaging has the capability and proven experience to understand your process and suggest the right solution.
More businesses are realizing the importance of data now that they have these components. However, in order to truly benefit from AI, we must first learn how to accept and utilize the technology. Consider the following basic actions for anyone contemplating a move:
Prepare your company for AI. Organizations will need more data science capability and experience. Many of today's repetitive and manual jobs will be automated, causing many employees' roles to change. It's unusual for AI to be able to perform a whole position. But it's also unusual for AI to be unable to improve any of the roles. Build a team of professionals who will inspire and train others, because technology is useless without the talent to put it to use.
Choose your technology and partners carefully. While it's improbable that the CEO will choose the technology himself, the inference here is cultural. An organization should employ a variety of technologies, comparing and contrasting them as they go. In addition, a business should select a small number of partners who have both the capabilities and the technology to offer AI.
Embrace setbacks. If you try 100 AI projects, Half of them will almost certainly fail. However, the 50 who work will more than makeup for the failures. You must establish a culture that is willing to accept setbacks, learn from them, and move on to the next challenge. As they say, fail fast.
AI is becoming as ubiquitous as electricity, the internet, and cell phones were when they first became popular. It would be like not having a mobile strategy in 2010 or an Internet strategy in 2000 if you didn't have an AI plan in 2019.
Let's hope that when you look back on this time in history, you'll remember it fondly as someone who saw data as a new resource and AI as a tool for harnessing it.