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Artificial Intelligence

Get Smart on AI: The Top 10 Books That Will Change the Way You Think About Artificial Intelligence

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Artificial Intelligence is one of the most exciting topics in technology today, and it’s rapidly growing with new developments every year. As a businessperson, staying updated with the latest knowledge and understanding of AI is essential for you. Reading books is an excellent way to learn and gain new insights into Artificial Intelligence.

According to a report by McKinsey & Company, artificial intelligence (AI) has the potential to create significant value across a range of industries, with an estimated global impact of $13 trillion by 2030. The report highlights that AI adoption has the potential to improve productivity, reduce costs, and increase revenue, with industries such as healthcare, retail, and financial services poised to benefit the most from AI adoption.

One example of AI in action is using chatbots in customer service. These AI-powered tools can answer common customer queries, provide product recommendations, and even process orders. They free up human agents to focus on more complex customer issues and can improve overall customer satisfaction.

Chatbots are a key example of AI in action, particularly in customer service. These AI-powered tools are becoming increasingly popular with businesses of all sizes as they can provide 24/7 customer support and simultaneously handle multiple customer inquiries. Chatbots use natural language processing and machine learning to understand customer queries and provide relevant responses.

The Top 10 Books You Need to Read on Artificial Intelligence:

  1. Artificial Intelligence: A Modern Approach” by Stuart Russell and Peter Norvig. This book is a thorough introduction to the field of AI, covering all the fundamental concepts and techniques.
  2. The Master Algorithm” by Pedro Domingos. In this book, the author explains the idea of a “master algorithm” that can learn anything and revolutionize how we work with AI.
  3. Superintelligence: Paths, Dangers, Strategies” by Nick Bostrom. This book explores the possibilities and risks of creating superintelligent AI and guides how to ensure it is safe and beneficial.
  4. Human Compatible: Artificial Intelligence and the Problem of Control” by Stuart Russell. The author explores how to ensure that AI systems remain aligned with human values and objectives and how to prevent them from becoming a threat.
  5. Prediction Machines: The Simple Economics of Artificial Intelligence” by Ajay Agrawal, Joshua Gans, and Avi Goldfarb. This book explains how AI is changing the way we make predictions and provides insights into the economics of AI.
  6. Machine Learning: A Probabilistic Perspective” by Kevin Murphy. This book is an excellent introduction to machine learning, providing a comprehensive overview of the field and its applications.
  7. Deep Learning” by Yoshua Bengio, Ian Goodfellow, and Aaron Courville. This book provides a comprehensive introduction to deep learning, one of the most exciting areas of AI today.
  8. The Hundred-Page Machine Learning Book” by Andriy Burkov. This book delivers a concise and accessible introduction to machine learning and is an excellent resource for beginners.
  9. The Singularity Is Near: When Humans Transcend Biology” by Ray Kurzweil. In this book, the author predicts that AI will surpass human intelligence in the near future and explores the implications of this.
  10. Life 3.0: Being Human in the Age of Artificial Intelligence” by Max Tegmark. This book explores the implications of AI for humanity and provides insights into how we can ensure a positive future with AI.

The top 10 books on Artificial Intelligence offer a range of benefits for readers, including:

  • Deeper understanding: The books give readers a more profound experience of AI, its capabilities, and its potential impact on various industries.
  • Practical insights: The books offer useful insights into leveraging AI effectively and ethically in business operations, decision-making, and strategy.
  • Latest developments: The books keep readers up-to-date on the latest developments and trends in AI, including breakthroughs in deep learning, natural language processing, and computer vision.
  • Case studies: The books provide case studies and real-world examples of how businesses have successfully integrated AI into their operations, providing inspiration and guidance for readers.
  • Different perspectives: The books cover different perspectives on AI, including technical, business, and ethical considerations, providing readers with a well-rounded understanding of the topic.
  • Learn from experts: The books are written by experts in AI, providing readers with access to their knowledge and experience.
  • Competitive advantage: The books can give readers a competitive advantage in their industry by helping them stay ahead of the curve on the latest AI developments.

In conclusion, these are the top 10 books every businessperson should read to understand AI and its potential impact on their business. Whether you are just starting or an expert in the field, these books will provide valuable insights into AI.

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Artificial Intelligence

Which ChatGPT App Is Best?

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You’re likely familiar with ChatGPT and know that it’s a popular chatbox trial product that has caught the attention of the internet. It’s quickly turned into a great example of how AI-generated content is going to impact the future. Which ChatGPT app is best? It depends on how you intend to use it. 

CopyAI 

These days, AI platforms can be used to generate content automatically. This content may include social media posts, blogs and articles. 

CopyAI is an assistant for copywriters. It helps create incredible advertising copy fast using automatic development tools that work with communication channels like website copy, social media and product descriptions. 

It is a platform that your copywriters can use to develop ideas. They can select and curate material created by the artificial intelligence system. CopyAI comes with a variety of writing tools that are great for various occasions. It will help your copywriters develop professional emails and work out ideas. 

Magic Sales Bot 

The Magic Sales Bot app is a tool fueled by GPT-3. Product managers can use it to develop emails that are customized for every lead. Writing balanced and interesting paragraphs without having it turn into a cheesy advertisement like the ones on television in the ‘90s is a challenge. The Magic Sales Bot app can help you and your team write advertising emails that will convert leads into sales. 

Keep in mind that ChatGPT operates much the same as other AI systems, but it’s better at what it’s designed to do. Since ChatGPT was released, people have used it to help them create their own content. 

HelpHub 

HelpHub is an app that will assist you in creating a website that includes a help center, customer support and a FAQ section. Developing support documentation is a dreary and time draining job. HelpHub will save you time and energy. The app will help you create a help site that contains articles that answer customer questions. 

To use HelpHub, explain the key points that you need to include and let an artificial intelligence writer create the article. Your company’s users will appreciate the information. 

Writesonic 

Writesonic is an app that will help you produce high-performing advertisements, landing pages, descriptions for products and blogs. Writesonic includes tools like sentence expander, analogy generator and a checking system for readability. It also operates in 24 different languages.  

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Grok 

If you use Slack, consider getting the Grok app. The app will simplify Slack communication before you become overwhelmed by it. Slack can inundate users with daily messages. The Grok app can also prevent you from missing out on important information. It will help you manage Slack. 

PowerBrain 4 

PowerBrain 4 is an app that you can use to write text on your smartphone quickly and with greater efficiency. The app will give you generated text that will save you time without sacrificing quality.  

Artificial Intelligence is the Future 

With the right ChatGPT app, you can lighten your workload and that of your staff. If you need help with your management technique, contact me at the Productivity Intelligence Institute. 

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Will Artificial Intelligence Kill College Writing?

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If you’ve read any tech news articles lately, then you’ve probably seen claims that artificial intelligence will make people jobless and transform the world. The discussion about artificial intelligence is especially heated in the world of academia, and some educators believe that students will soon be able to use AI to write their essays and complete their coursework. While this might sound great for students, will AI actually progress to such a point? As an entrepreneur, you probably don’t need a computer program to write your term paper, but you should know how AI will affect your organization’s operations, so check out this quick overview of the state of AI and what it could mean for your business.

How Will AI Affect University Students?

New AI programs are great at writing factual articles about simple topics, but the technology is not quite up to the task of writing opinion pieces or making interesting points about complex subjects. Currently, AI programs work by scanning thousands of texts about a topic, identifying key commonalities between them, and producing content that matches the style and tone of what people have fed into the program. This allows AI to write unique content that a plagiarism detector probably wouldn’t flag, but AI programs can’t actually incorporate any new information or opinions about a topic into their content.

Instead, they essentially repeat what others have already written in a new format. While this degree of functionality might be good enough for an AI program to write a short, basic description of something like a well-documented historical event, it would be insufficient for an academic paper discussing the historicity of different accounts of that event. University papers require complex analysis and a lot of nuances, which AI just cannot currently replicate, so students will be stuck writing their own papers for the foreseeable future.

How Will AI Impact Your Workplace?

Emerging AI technologies have the potential to make your workers’ jobs easier by automating mundane tasks. For example, if your organization operates a storefront and needs a high volume of product descriptions, then you can streamline the process by running the descriptions through the right AI writer. Still, you’ll probably need someone to define the project’s parameters and edit the program’s work once it has finished this relatively basic task. No matter what industry you’re in, you should not expect to ever take the human element out of your operations.

How Should Your Company Adopt New Technologies?

Hearing the immense fanfare about AI in the workplace, you might feel like you need to incorporate AI into your organization as soon as possible. However, it’s important not to be too hasty when adopting new technologies. You don’t want to waste your organization’s precious resources, so you need to identify a strong use case, find a product that fits your specific needs, and only purchase technologies from reputable companies that provide sufficient training and customer support.

People and Technology Work Better Together

New AI technologies are not ready to convincingly write a student’s essay or replace the modern worker. However, good AI programs can greatly augment an employee’s abilities and improve their workplace performance. You always want to stay updated on the ever-changing role of technology in the workplace, so make sure to check out our other guides on AI, workplace efficiency, and entrepreneurship.

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Will Artificial Intelligence Take Away Jobs?

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Films and novels that take place in the future often depict robots as useful machines or machines that destroy humans. These stories often occur in an alternate reality or a made-up future instead of here and now. However, technology is bringing robots into the here and now.

Robots are not coming to destroy humans. Instead, they are coming to change how people work. Will artificial intelligence, or AI, take away jobs? Yes, artificial intelligence and robots will take over some jobs that humans typically do. The good news is that they will also bring new ones with them.

Phasing Out Human Manufacturing Jobs

Robots and automation have gradually taken the place of human manufacturing jobs. In fact, humans have lost about 1.7 million manufacturing jobs to artificial intelligence. On the other hand, advanced technology is expected to create around 97 million jobs by the year 2025.

What Types of Jobs are at Risk from AI?

Experts predict that at-risk jobs include:

• Manufacturing
• Insurance underwriting
• Warehouse
• Data entry
• Customer service

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AI Will Never Replace Some Jobs

There are jobs that artificial intelligence will never be able to replace. AI will not take the place of those who work in a creative, complex, strategic, or emphatic field. These types of jobs include teachers, lawyers, therapists, writers, and management professionals.

AI may help those who work in these types of fields. For instance, a teacher may eventually use artificial intelligence to measure a student’s progress, attitude, and competence. However, AI can’t replace empathy or social intelligence.

Artificial intelligence has yet to master:

• Intricate planning
• Hand and eye coordination
• Managing spaces that are unstructured

AI’s Impact on the Workplace

Today, companies often use AI to complete repetitive physical tasks. For example, Amazon uses them in warehouses to pack inventory and sort it. Car companies also use it in their manufacturing plants to construct automobiles.

The future of work will be humans and robots collaborating with one another. Instead of being in competition with AI, humans can work with it to create fascinating and intriguing new employment opportunities.

It has already increased demand for machine learning engineers, data scientists, and robotics engineers.

There are positions that are starting to form around the technology. For instance, there is a need for AI instructors, workers who have the skills to support data and molding abilities.

In particular, the healthcare industry will benefit from AI. In the coming years, medical facilities will need more healthcare technicians who are trained to work with AI.

Companies like Google and Uber are investing in AI for self-driving vehicles. Once people become more comfortable with this type of transportation, there will be even more job opportunities for machine learning engineers.

Artificial Intelligence Makes Jobs Better

Artificial intelligence won’t be decreasing the available jobs for humans. Instead, technology will improve how people work by doing tasks that humans aren’t able to do well. For information on how to help your team accept AI, contact me at the Productivity Intelligence Institute.

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Where is Artificial Intelligence Used?

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Artificial intelligence is making its way into every aspect of our daily lives. The traffic lights on city streets, NPCs on gaming platforms and even office thermostats can all take advantage of this emerging technology. As an entrepreneur, you will want to get to know how AI can impact and improve your business.

What is artificial intelligence?

Computers can process data faster than any human analyst. Computer scientists use this ability to create programs that sift through data looking for patterns and developing predictions from them. Well-programmed algorithms can identify everything from weather patterns to customer ordering trends.

AI and Business Workflow

Every business generates data. Manufacturing operations involve component numbers and assembly rates, and sales offices work with client information like order histories. Implementing AI into the workplace can streamline workflow by eliminating duplicate actions. The computer recognizes that it must register new account information in several departments, eliminating a tedious process.

AI and Inventory Management

Large warehouses like Amazon have been adding AI-empowered droids to improve inventory management. Algorithms constantly analyze the millions of orders that come through the company and predict what items are due for restocking. Rather than responding to a shortage, an AI-empowered system prevents shortages by monitoring purchase trends and ordering accordingly.

For manufacturing businesses, this predictive approach to inventory offers potential savings. The company will not lose sales due to unfulfilled orders, nor will it increase overhead costs by purchasing a surplus of materials.

AI and Customer Engagement

Customer interactions often follow predictable patterns, making them another way that AI has entered the business world. It will be a while before an AI assistant replaces face-to-face interactions at a brick-and-mortar location, but the online shopping world is already full of AI-empowered tools.

Algorithms determine much of what you see online. Every time an ad pops up or a video service makes suggestions, an AI tool has analyzed your past viewing history and preferences. It also makes comparisons with the actions of consumers with similar profiles. When it works properly, you see a product or video you may not have found on your own.

AI bots are also involved with customer service and client engagement. In a customer service situation, the bot looks for keywords in your requests to streamline getting you to the person or information you need. For customer engagement, businesses employ AI bots to respond quickly to reviews or social media comments.

Implementing Artificial Intelligence in Your Business

Bringing AI into your business can trouble your employees. They may be concerned that you are trying to replace them with a digital resource. The healthiest approach is to demonstrate how AI is an enhancement rather than a replacement. For example, the software can take on repetitive customer relations tasks, freeing employees to do more satisfying and important work.

A Partner for Long-Term Strategies

Adopting new technology is part of staying at the forefront of the business world. If you are an entrepreneur looking to implement any kind of new business strategy, Productivity Intelligence Institute can help. We specialize in helping businesses improve the efficiency and productivity of their organizations. Contact us today. We would be thrilled to work with you.

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Will Artificial Intelligence Take Over

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More and more big players in the tech field are talking about artificial intelligence and its implications for humanity. Some say that it will push the species towards new horizons. Others claim that AI is a threat to humanity’s long-term survival. If you’re uncertain about all of the commotion surrounding artificial intelligence, then you should keep reading to better understand how it will shape the future and what to consider when exploring AI solutions for your enterprise. 

Will AI Take Over the World?

Most of the public figures who claim that AI will overtake humanity or somehow rule the world likely don’t even believe that idea themselves. These people have a very simple agenda. By making such bold statements, high-profile individuals and organizations can get a lot of attention with very little effort. In turn, AI-driven search algorithms across the internet boost their content for more people to engage with.

Ironically, the people who insist that AI will dominate humanity are actually manipulating AI-driven technologies for their own gain. This illustrates that, although AI is a powerful tool, it achieves nothing without human intent behind it. Under no circumstances will AI have the autonomy and self-direction to lord over humanity. Even if scientists were to develop an AI technology that is comparable to the human mind in its ability to think and act on its own, there would be multiple safeguards in place to minimize its influence over the world.

Will AI Harm Workers?

Less dramatically, some people assert that AI will make so many jobs obsolete that people might have a hard time finding work in the future. While new technologies may render some tasks too inefficient to perform manually, they don’t eliminate workers entirely. For example, the invention of the chainsaw did not result in fewer jobs. Instead, the chainsaw streamlined the process of cutting wood and increased overall productivity. As a result, the adoption of the chainsaw allowed foresters to focus on more important tasks, and it ended up generating more jobs in wood processing, transportation, administration, and other fields. 

AI-driven technologies will have a similar effect. While some routine tasks may become obsolete, workers will simply spend more time performing other tasks. Consequently, your company will be more efficient and prosperous, so it can offer higher wages and hire more employees. Job descriptions may gradually change, but workers don’t need to worry about being sent to the breadline by AI. The human mind is simply too complex and adaptable for AI to replace.

How Should Organizations Adopt AI Technologies?

As your organization expands, you may want to use AI-driven technologies to streamline processes and increase efficiency. However, there are a couple of things to consider before adopting any software or new technology. Firstly, you need to be sure that the product is secure. What is the seller’s history? Have they had any data breaches? What kind of encryption do they use? If you’re too eager to use a new product without asking these important questions, then you may put your company’s sensitive information at risk.

Secondly, you need to understand what the product or service actually does. Some companies that market AI-driven products often include a ton of technical jargon in their marketing materials to impress buyers who don’t really understand the AI field. If you’re entirely sure about what a product does, then you should consult with a professional in the industry to make a more informed decision. Otherwise, you may end up paying for something that your organization doesn’t need. 

Good Companies Adapt to New Technologies

No matter how you feel about it, AI will likely become more important over time. After all, experts project that AI will contribute nearly $16 trillion to the global economy by the end of the decade. While you may be excited to adopt new technologies to make your business more efficient, you must always remember to do your research and spend your firm’s money wisely. The uncertainty that comes with the emergence of new AI technologies may be frightening. However, as long as you keep an open mind and are willing to adapt to changing conditions, your organization will thrive no matter what the future holds.

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Can Artificial Intelligence Replace Human Intelligence?

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Artificial intelligence (AI) is the science of creating smart machines. AI systems use deep learning, data, and machine learning to operate in a way that copies humans. Does this mean that artificial intelligence will replace human intelligence? It’s unlikely that AI will ever take the place of the human brain.

Artificial Intelligence and the Human Brain

AI systems are faster than people. They have better work abilities too. Compared to humans, AI systems provide more decision-making accuracy and feature smart work skills.

Researchers know that humans become smarter through adaptive learning and experience. The way that people learn doesn’t rely on the information or preinstalled data. Yet, AI requires data like this to function effectively.

There are plenty of Hollywood films that show AI taking over the world. This is fantasy. The human brain is complex, with many layers that aid intelligence. Machines cannot match this. For the best results, companies should combine AI with human talent.

Research shows that companies enjoy a higher work performance when their employees partner with AI. By joining intelligence, people enhance their leadership abilities, creativity, and teamwork. Collaboration creates AI with better scalability and speed.

Human brains use a lot more energy to function than computers. A computer system uses around 2 watts of energy while the brain needs about 25 watts.

Will AI Replace, Human Workers?

While some of the latest AI advancements imitate human intelligence, they cannot bypass the intellect of the brain.

The brain collects knowledge using a sense of understanding, reasoning, experience, and logic. How people experience feelings impacts a brain’s ability to learn and become smarter. This is something that AI cannot copy.

Neuroscience is the reason why AI is as advanced as it is. Those who build AI systems use neuroscience for inspiration. AI systems are modeled after human intellect. They also feature networks that mirror the brain’s structure.

Despite the human brain being irreplaceable by AI, advanced technology can replace some work tasks. For instance, once an AI system shows that it can operate a truck safer and better than a human driver, trucking companies will switch to AI.

There are many benefits to using AI in trucking. An AI system will never become distracted by another driver, operate a vehicle drunk, or speed. The system can also drive for 24 hours without becoming tired.

Human Intelligence is Endless

For AI to take the place of the human brain, technology must learn how to sort out the different kinds of human intellect. People are teaching machines how to apply what they learn in real-world situations. However, AI will need to equal the frequency of the human mind to replace it.

AI can mimic how people operate, but it cannot make rational decisions. To make rational decisions, AI requires evolution to manage what people consider common sense.

Contact me at the Productivity Intelligence Institute if you need help combining AI and your workforce. I can help you bring them together.

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How Does Deep Learning Work?

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From a young age, human beings can quickly identify objects and sort them into classes. Think of the different makes, models and colors of four-wheeled vehicles that you can almost immediately classify as cars. Consider the wide variety of cats and dogs that you can identify at a glance. In less than a second, your brain interprets visual data and performs a complex synaptic process to draw a conclusion.

Today, computer scientists are working hard to recreate this process in the digital world. AI technology can sift through vast amounts of data to find patterns, recognize objects, and make predictions. The latest trend in AI involves creating artificial neural networks and training through a process known as deep learning. IT professionals who learn how to work deep learning in Python will have a powerful, in-demand skill.

Artificial Intelligence and Deep Learning

Artificial intelligence technology involves any method that allows a computer to mimic the mental processes of human beings. Computer programs that use AI empower everything from astronomy research to smart home thermostats. In many cases, the decision-making power of AI derives from complex algorithms and large sets of sample data. 

Deep learning comes from neuroscience research. Computer scientists have looked at how neurons connect and communicate to create small-scale, digital replicas of thought patterns. Computers that use deep learning take less time to train and have an increased potential to find unexpected connections within data sets. 

How does deep learning work?

An artificial neural network works by passing information through a series of layers of digital neurons. The process starts with the input layer. This first step is akin to your eyes, ears and other sensory organs that pass information about stimuli to your brain. 

Next, the data travels through the hidden layers. The number of hidden layers in the program determines the complexity of the calculation. Each digital neuron involves a weighted value based on the importance of the data. A program devoted to predicting inventory would give greater weight to an item’s past sales performance than the day of the week when it was sold.

Finally, the output layer returns the calculated result. This answer could be as simple as identifying the presence of an object like a car, dog or cat in a picture. However, this learning approach can also handle challenging problems like predicting the weather or choosing the right ad to display on a social media feed. 

Machine Learning Applications in the Business World

When people hear about neural networks and artificial intelligence, they assume that these resources only apply to the world of science and technology. However, AI and deep learning are having an impact on industries across the board. Automation, prediction, and pattern recognition can all improve a business’s performance and workflow.

Process Automation

Every business has repetitive processes. Robotic process automation can handle straightforward tasks like sending email reminders before appointments. However, RPA combined with a deep learning strategy can refine this automation. Considering data such as purchase histories and address information can improve the click-through rate of emails.

CRM

Applying deep learning to customer relations will improve connections. The AI resource can send alerts to a sales team when it predicts that a customer may need attention.

Customer Service

Deep learning can bring predictive pattern recognition to customer service issues. The AI behind the service portal will recognize patterns of keywords to make a faster diagnosis of the problem. If the chatbot cannot handle the issue, it can connect the customer to the right human employee in fewer steps. This process will minimize frustration for the customer.

An Entrepreneurial Strategy for Employing AI and Deep Learning Tools

Introducing AI can be intimidating for your employees. Because this technology imitates human decision-making, they may feel that the digital resources will replace them. With a thoughtful strategy, you can bring the computing power of deep learning in a non-threatening way that enhances and improves your workplace culture.

Determine the Best Use Cases

Digital automation and decision-making free your human employees to handle more relevant tasks. As you introduce the new technology, get input from your staff about daily jobs that are critical but repetitive. Your employees will appreciate a resource that can take these off their plates.

Identify Data Sources and Quality

Garbage in; garbage out. This mantra from the world of computer science indicates the importance of quality data. Successful deep learning depends on having information that is relevant and accurate. 

Empower the Team

AI requires significant processing power. You will need to evaluate your hardware to confirm that it is up to the task. It will also help to have someone with a deeper understanding of the technology. You may want to invest in training in skills like how to work deep learning in Python.

Understand the Limitations of Technology

Your AI resources are like any other employee. They require oversight and evaluation. Their performance is only as good as the algorithms that form their decisions. Improperly weighted calculations in the hidden layers can lead to skewed results. Running tests cases with known outcomes can help recalibrate the system.

Working with a Partner to Implement Change

How does deep learning fit into your business’s future? Moving from traditional to innovative technology requires an adaptable workplace culture. If you need help transitioning to a new model, I can help you move forward in ways that benefit your whole organization.

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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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What is Artificial Intelligence?

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Artificial intelligence, or AI, is a collection of several different technologies that are designed to work together for the purpose of empowering a machine to do things that humans do like sense, understand and take action. There are many different definitions of AI because it is more than one thing.

AI and the Human Brain

Researchers still don’t know everything about the human brain. AI and deep learning are helping them understand it better. It’s common knowledge that the body is a complicated entity, one that features organs, neurons, glands, cells, and tissues. The brain directs the body so that its different parts can work together seamlessly.

The brain is the control center when it comes to the elements that people can command like speaking, making decisions, and moving. It also oversees what people don’t control consciously such as breathing, blood circulation, and digestion.

Artificial intelligence and neuroscience can enrich what researchers know about the human brain. AI may be able to determine how the brain stem, cerebrum, and cerebellum can be elevated using advanced medicines. AI may even be able to help researchers develop healthcare techniques that could cure ailments like Tourette’s syndrome or OCD.

Unlocking the Brain’s Hidden Abilities

Neurological experts are currently researching how the human brain sends sensations to different areas of the body to direct different movements. New studies through AI may allow health professionals to unlock the brain’s hidden abilities. By obtaining a better understanding of the different lobes in the brain, health professionals may be able to tackle conditions like paralysis and other movement-related issues that people experience around the world.

AI can provide medical experts with more information about the structure and function of the human brain. With this information, neuroscientists are working to develop better brain stimulations for training purposes. In addition, AI offers enhanced pattern recognition, which can make it possible for research experts to test new ideas more efficiently. If AI reveals the brain’s hidden abilities, neuroscientists can improve how they treat the brain and the body.

How AI Will Change the Way People Do Business

Many global CEOs believe that AI will change the way that people do business in the next five years. In fact, an estimated 63% of them believe that AI will have a bigger impact than the internet. Right now, technology as well as additional environmental factors are inspiring change. These factors are increasing change to a level where many businesses are struggling to keep up. Businesses cannot continue to function in the same way as they have in the past and expect to stay relevant. Keep in mind that artificial intelligence increases productivity and eases workloads.

For instance, in the financial services sector, AI and automation are starting to perform the mundane tasks that humans were doing. However, some companies appear to be reluctant to turn that work over to AI and automation entirely. This means that leaders must shift their attention toward inspiring their workforce. As a leader, you’ll need to make your staff feel connected to a bigger picture, one with more purpose. This will encourage your people to look forward to a better way of doing things.

Research has shown that employees don’t need every detail about the company’s path forward, but they do need their leaders to be transparent about the problems that they’re facing at work, or you can give them the freedom to identify problems to help develop solutions. One of the main elements of employee experience involves trust. When you involve your workers in making decisions that impact their job or work environment, you establish trust. Employees need the space to understand why decisions are being made.

Use AI to Fight Back Against Employee Burnout

If you notice a decrease in an employee’s performance, then this may be a sign that the worker needs additional mental or emotional support. When you use AI-inspired tools, you can engage with your worker to get to the bottom of the issue and offer him or her some help. This can be a better option than an automatic disciplinary action plan for poor performance.

You know that one bad workday, week, or even a full month doesn’t indicate that you’ve hired a bad worker. Instead, focus on ways to help your employees deal with challenging times. You could also wind up with a worker who is performing at an exceptional level. They might be starting work earlier than before or staying later to put in more hours. If your staff is still operating remotely, then you might have a harder time catching this. If you review the worker on paper, he or she might appear to be performing better than the rest of your staff, but burnout could be close to happening.

When using artificial intelligence in project management, you can create AI models that are capable of mimicking burnout behavior, letting you step in before it happens. AI will draw your attention to the additional hours and advise you to have a discussion with your worker to see how they’re doing. People want to work more when they are trying to avoid something that’s happening in their personal life, or they might have a team member who is assigning them unrealistic workloads.

Use AI Responsibly

As you begin using AI to help your business operate more efficiently, be sure to use it responsibly. Set up AI in ways that protect the privacy of your employees, keeps things fair, and provides transparency. When it’s used wisely, AI will help you manage productivity loss, employee burnout, and turnover. Investing in your people is always a good business practice.

Welcoming AI into Your Everyday Business Processes

Artificial intelligence and machine learning are helping businesses operate more efficiently, but it’s important to help your current staff embrace technological changes. I can help you develop a strategy. Contact me at the Productivity Intelligence Institute today.