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How Artificial Intelligence Is Transforming The World?

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Harness the Power of Artificial Intelligence to Boost Your Productivity

Advances in artificial intelligence (AI) have transformed today’s workplaces. A recent report in the Harvard Business Review found that AI has become “mainstream technology” in over 80% of businesses, and 55% of companies sped up this trend during the COVID-19 pandemic. Artificial intelligence benefits companies by automating routine tasks. Used correctly, it can help your productivity soar.

Beyond Routine Tasks

These advances are not limited to mundane, routine tasks. Artificial intelligence examples now include advanced processors that can automate even high-level customer service, marketing, and healthcare tasks.

Scientists are working on ever more sophisticated ways to combine what we know about AI and neuroscience. They find that advanced AI processors can emulate the way the human brain works. According to one report, “As AI takes enables neuroscientists to obtain further insights into how computation works in the brain, the effort might lead to machines that can take on more human-like intelligence.”

Do You Fear the Future?

The transformation of our workplaces can seem like a terrifying scene from a science fiction movie. Are highly intelligent robots really going to take over our workplaces?

Anxiety about future changes isn’t abnormal. In fact, according to a study of neuroscience by the American Psychological Association, some people’s brains are more wired to view the future with fear than others. These people are more prone to anxiety and more likely to view “uncertainty and ambiguity” as threatening.

Knowledge Is Power

Does that mean you’re doomed? Not at all. The researchers also said this anxiety reflects “a desire for predictability,” which means your fears will be lessened if you know what to expect. In other words, knowledge is power, and power makes you productive.

Knowing how to position yourself for an AI future will help you grow as an employee, business owner or project manager. Here are some steps to success you can start adopting now.

This course is designed for Project and Program Managers, PMO Executives, Decision Makers, Consultants, Executives and project team members who have been tasked with oversight, implementing and the operations of their organization’s Portfolio Management capability

Artificial Intelligence Benefits: 5 Steps to Success

1. You don’t have to go big

One mistake many people make is thinking a new technology means making a radical transformation to their work processes. In fact, studies of major corporations and small businesses have found that the major benefits of AI come from smaller initiatives.

Some of the best artificial intelligence examples use AI to handle routine tasks. Using an artificial intelligence robot to answer emails, transfer data, and read standard documents is a huge timesaver. It frees executives to concentrate on more creative, “big” ideas. If you can delegate routine tasks to AI technology, do it and watch your creativity reach new heights.

2. Understand the technology

Understanding which types of software perform specific tasks is essential to getting the most from any new technology. There are three types of AI.

Process automation: This is the most common type used in businesses. It uses robotic processing to complete routine tasks like entering data, reconciling billing systems, or reading legal documents and standard contracts.

Cognitive insight: Powered by machine learning, this process uses algorithms to detect behavioral patterns in the way people use data. It can process huge amounts of information to, for instance, predict what a particular customer is likely to buy, direct targeted advertising, or provide accurate actuarial predictions.

Cognitive engagement: This is the least common and most complex way to use AI. One example is an artificial intelligence robot that can solve customer service issues, answer standard employee questions about benefits, and supply product recommendations to retailers in ways that enhance customer engagement.

3. Get expert help

The first step is to identify which processes you want to automate. Robotic processors and deep learning systems each solve different problems. Which are most pressing to you? Understanding what you need is the first step in understanding what kind of technical help you need. Consult your in-house IT team or a software consulting company to get some clear ideas about how to get started.

4. Learn from the best artificial intelligence examples

You don’t have to start from scratch. When you think about ways to enhance your productivity, learn from others who have paved the way. The biggest companies and brightest scientific minds in the world have developed amazing ways to use artificial intelligence benefits. Reading about these will spark ideas you can use.

5. Prepare yourself for change

According to an analysis by the McKinsey Institute, about half of all workers’ tasks could be automated. This affects routine physical work, but it also applies to higher-level, skilled work. The same report found that this will displace more than 400 million workers.

At the same time, artificial intelligence creates new jobs. Millions of new jobs may soon exist in areas like healthcare, infrastructure, and technology. How do you prepare yourself to meet a challenge that could affect your job or business? If you’re prepared to adapt to these changes, you’ll get ahead of the trend and secure your future. Develop your skills now to be in a solid position for the future.

Change Presents Opportunities

The future may be filled with possibilities, but knowing how to make the most of them can be difficult. The more you can predict the challenges you’ll face, the better you can position yourself to meet them.

At the Leonard Productivity Intelligence Institute, we help clients face all their productivity challenges. Contact us if you want expert guidance on any aspect of your work life. Our team can help you prepare to meet the future with strength and a sense of purpose.

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