Artificial intelligence (AI) in the near future is going to be more focused on ‘specific intelligence’, moving toward a world where AI simplifies and improves every aspect of our daily lives: from the phones we carry and cameras we use to the TVs we watch, the cars we drive, the software we use and even the appliances we use in our households. It’s the ‘AI of Things’.
The goal of the AI of Things is to improve low-level decision making around defined problem statements and make overall software or associated devices smarter. AI is the new mobile for 2019. Everything will be simply expected to be smarter, insightful and conversational. To realise this dream, algorithms have to be trained on the correct set of data and create simple decision-making models.
Streamlining repetitive business processes
The relation between AI and data is very symbiotic. Good machine learning needs good data, and with ever-evolving data, machine learning is key to better understanding data. Machine learning and data can be used to crack the code of success beyond rough modelling, ensure a company is properly prepared for future growth, or even see around a corner to navigate coming challenges.
The ability to leverage nearly limitless compute and storage capability in the cloud provides businesses with a way to leverage more data for business needs. Using AI capabilities, data can offer insights into sales projections, customer demands, and even internal HR needs. Meanwhile, regulations like GDPR, retention policies, cleaning and normalising data, and data problems are only magnified as data footprints increase. This further magnifies the potential of AI to streamline repetitive business processes. There are thousands of tasks that need to be done consistently to properly manage data so that it can actually be put to use.
At the same time, businesses face the critical challenge of increasing their awareness of the data environment. Architecting data centres is a dying art, and there is little incentive for an enterprise to retain skills when infrastructure is refreshed once a decade. People who built the applications and the data architecture are ever rarer, and the next generation of talent is not focused on those skill sets.
Additionally, as businesses increasingly adopt cloud services, data silos are growing. Getting data to a single repository, like a data lake, has become a chief challenge and is essential to applying AI on a broader scale. Today, data collection through backup casts an overly wide net based on complex policies determining what is captured. Ask an IT person how much data they own or even care about, and they probably cannot give a reliable answer. There are just too many parties, privacy concerns, storage considerations, permissions and collection requirements for most companies to have a definitive grasp of their data.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
So how do we prepare for this new reality, where data is more important than ever, and yet the number of data experts is struggling to keep pace with demand? Fortunately, the need for excellent data management and the emergence of AI are complementary.
Leveraging the AI of Things
One solution is to leverage the emerging AI of Things (AoT) — the application of commoditised, cloud-based machine learning to consistently and continually automate millions of small decisions about data. Just as the Internet of Things pulls in data from the smallest sensors, the AoT uses AI and machine learning to execute myriad repetitive tasks such as ensuring that data retention policies are appropriately enforced. This is exactly the sort of thing that AI can help us with: providing consistency in the handling of millions of small, but crucial data management tasks.
Empowering your teams with such AI opens up a world of possibilities. Your IT team is able to automate tasks, while your business teams have access to more self-service features. All of this helps streamline the process, further leverages your most insightful data and empowers your teams to make decisions based on sound data.
By applying AI to the various, myriad minute processes related to handling data, we can increase the overall intelligence of the software storing this data, managing the data lake, and updating as necessary.
Just like our consumer devices, we can distribute small-scale AI functionality to handle very granular objects: automating backup, controlling access, granting and revoking permissions, enforcing security, and more, which in the aggregate, make the entire system smarter and less unwieldy. Best of all, this is far simpler than the traditional rebuild and re-architect approach.
Adopting an evolutionary approach that improves lower-level services first is the key to then enhancing higher level, AI-driven decision-making and unlocking the full potential of organisational data. Before you build your house, you need to ensure you have a solid foundation, and focusing AI on these processes does just that. Then, enterprises can turn their attention from using AI to solve base-level problems to using it to position a company for long-term, enterprise-scale AI success.
Read more: Finding the right AI for your business