Artificial Intelligence – Are we prepared?

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Artificial Intelligence – Are we prepared?

For the majority of us, everyday starts the same. We reach over, inevitably snooze then begin waking up.

Checking our phones before we’ve brushed our teeth has become a fundamental step in our daily routine. Whether it’s our phone, tablet or laptop, we’re consiously connected from the moment we wake up. Let’s face it, we’re online even when we’re asleep. As long as our devices are switched on and connected to wifi or 4g, we’re continuing to build and participate in the Internet of Things (IoT).

Now that we’ve reached the breakfast table, we proceed to check our email, open a news website or two and look around our social media. Before we’ve taken our second sip of coffee, over 20 websites have tracked and collected data on your behavioural habits. Your online profile is growing without your knowledge and often consent. Remember, you’ve only checked your email, the morning news and your social feed. 

If this is already happening, how can Artificial Intelligence positively impact our daily routine?

Imagine world where your email would have already been checked, categorized and responses sent with relevant documents. News based on your calendar (who you’re meeting, where your next business trip will be), topics, request, companies of interest within your mail have been searched for, researched and ready to be presented to you when you jump online. All of this from the data within your online profile being analyzed and processed through Artificial Intelligence. By 2020, over 100 billion devices will be connected online. That means the Internet of Things (IoT) will have data being created and sent around the clock from all of these devices. 
Are we capable of continually processing this amount of Big Data in order to make sense of and develop it into meaningful applicable data? If we are unable to transform this information into revenue or decisions that will lead to a more streamlined, agile and smarter business, who or what can?

The transformation of decision making is visible in newer organization. The historic model of pushing products and services based on results is dated, costly and a risk. Data driven organizations are 23 times more likely to acquire new customers, 6 times more likely to retain customers and 19 times more likely to be profitable. Startups are leading this mould through adopting data analysis tools and techniques to better understand who and why their customers behave the way they do. Tools such as Occuz give the end user the ability to mine through huge amounts of data at the touch of a button. Being able to adapt and invest in data analysis will be a step that every organization must adopt sooner rather than later.

Big Data evolution is coming.

Here at Occudiz, we’re continually developing our tools and services to better serve out clients and partners. Our team of tech gurus and creative minds have been looking into how Artificial Intelligence can take you from manually searching for information based on your KPI’s to having all of the data you could ever need presented to you with a reason behind each finding and the next logical steps you can choose to take based on your AI partner.

Would handing over full autonomy to AI save time and streamline processes or does it run the risk of decisions being made outside of human logic? If and when AI becomes fully autonomous, what role would humans play in this business world? Would we sit by and watch as our AI software conduct stock trades on our behalf based on their ability to learn, adapt and apply their own algorithms to the market?
Currently, AI drives $14-$33 trillion worth of economic impact globally. By 2020, autonomous software outside of human control will participate in 5% of all economic transactions. Will humans merely become gatekeepers in a world of AI run businesses.

The current talent and skills required to create, manage and work in harmony with AI is a level most college grads are capable of developing and applying during their professional careers. What happens when the skills required to make decisions based on the research, mining and application of huge amounts of Big Data in the near future are too advanced for humans? Would it make sense to develop AI in order to continually receive, analyze and produce options for a final decision to be made by a human?

Where do we cross the line? What if our educational processes and standards drop due to AI doing the work of 10 at 20 times the speed with 50 times the success?

By 2020, 85% of customer interactions will be managed without a human.

With online shopping expected to hit $2.5 trillion by 2018 globally, It’s safe to safe that there is a lot of information to breakdown and make sense of. The trail of breadcrumbs left behind each and every one of us when we’re online tells online retailers what we’re searching for, where we’ve been, where we want to go, with who, which event we were at and so on – this list goes on. With AI, we’ll be able to break this data down and understand why this information is useful and beneficial not only to the service provider/retailer but to the consumer themselves.
Being presented with products and services that have been selected based on your calendar for the next 3 months; every event you’re planning to attend, your outfit sizes selected based on your physical training schedule – this linked to your online grocery shopping which has been selected based on your workout goals and so on. Your online profile can be linked to your daily, weekly, monthly and yearly plan in order to make your life a whole lot more streamlined and efficient. Best and worst case scenarios will be presented to you based on how successful you’ve been with your targets.

We’re only scratching the surface for the capabilities of AI in our everyday lives.
This Ted talk discusses the capabilities Artificial Intelligence is currently capable of and what we can expect in the near future.

We’ll be at a stage (sooner than you think) where our AI apps will reach out to us rather than us asking it a question or sending a command. We’ll be prompted that our finances and investments have been rearranged to prepare for and combat a change in oil prices based on an annoucement that a conflict has developed on the other side of the world. This is the level we’ll be at within the next decade. A level of autonomous software that will become more advanced and intelligent than human beings, develop societies to become harmonious and work on how we can develop the human race.

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