Artificial Intelligence in Business: How to Use AI in Your …

Artificial intelligence (AI) in business is rapidly becoming a commonly-used competitive tool. Clearly, companies are past debating the pros and cons of AI. From better chatbots for customer service to data analytics to making predictive recommendations, deep learning and artificial intelligence in their many forms is seen by business leaders as an essential tool.

That puts AI in the short-list of technologies that your company should not just be watching, but actively exploring how to take advantage of. It joins leading emerging technologies like Machine Learning, cloud computing and Big Data.

If you aren't convinced that AI is ready to handle a growing number and range of tasks, consider IBM's Watson's 2011 winning performance on Jeopardy. Or consider the various ways you are likely already using AI-enabled devices and services in your personal life, like smart assistant apps or devices like Amazon's Alexa or Apple's Siri. Not to mention other AI-supercharged apps, such as whatever GPS app you use while driving.

Here's a quick look at how your competitors are already using AI in their business, and some advice on how to get on board.

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Results of a recent survey indicate that artificial intelligence can assist businesses in areas ranging from customer support to personalization.

Odds are you can't just call up your competitors and ask how they are using AI in their company. But thanks to the Internet, you can find out a lot of what they have said. For example, web-searching "how is Staples using AI" yields informative results from about how that company is putting artificial intelligence technology to work for itself.

Next, check your competitors' web sites and social media presences (notably LinkedIn and Facebook). Browse their press releases, news coverage, and blogs. You might even go old-school, and get any hardcopy newsletters, annual reports or other literature from the past year that might not be available online.

Then cast a wider net, with an industry search, like "how are hospitals using AI," "how are grocery stores using AI," or even a more general search.

For example, when I did a search for "using AI in my business," I got various hits talking about business uses for AI including:

Another suggestion: research how other parts of your supply chain parts, shipping, support, and the like are using AI.

Don't forget other IRL (In Real Life)/non-digital avenues. If you are going to an industry event, look for AI-related sessions. Chat up whoever you're standing or sitting near. And, of course, you could always read a book or two although, by definition, that advice will be at least six to twelve months out of date.

If you know anybody at one or more competitors who's informed and amenable, buy them a lunch and pick their brain.

Businesses have high hopes that AI can help them predict a wide array of activities.

Based on your research, you should be able to build a list and frame a sense of what AI can do for businesses in general, and for companies in your industry and of your size.

You'll find several major key areas:

Based on this list, your next step is to come up with a short list of how artificial intelligence can help your business specific tasks and use cases.

To help make this list:

Then, prioritize that list based on a mix of estimated costs, time to implement, risk/benefit, and overall value.

In parallel, select one or two smaller tasks for trying artificial intelligence for your business. This could be a small piece of a larger task. Important: start with a task that is not business-critical. Another quick tip: Start with tasks that aren't customer-facing.

Now it's time to identify potential technology vendors. There is no shortage of top artificial intelligence companies.

In order to find and compare vendors, you first have to assess how you might add artificial intelligence capabilities to your company's IT, which in turn depends on factors like:

Vendors for AI capabilities spans several categories:

For some of the AI you're looking for, your current vendors may already offer. In other cases, you may outsource. For still others, you may end up doing internally. It all depends on what you want, how much developer bandwidth you have in-house, and how you provision your IT operations.

Your best bet will be to find one or more AI experts, either internally, or outside consultants. For the latter, start with ones who aren't part of a vendor... unless the vendor is offering AI that is a match for your criteria.

Once you have identified your initial AI projects the real fun begins: implementation. Essential milestones:

Key: Be ready to revisit constantly.

Just because you have AI projects out of development and testing, and contributing to your business, that doesn't mean you're done. Just as provisioning infrastructure or updating your company's web and social presence is never done.

In addition to tracking your selected AI vendors for improvements, new features you want to stay on top of other AI developments. For example, what new capabilities have become available? What improvements in infrastructure performance or price make existing or new AI offerings now viable?

And, of course, you want to keep up with what others in your industry, and the AI vendors serving your industry, are doing or have on their road map.

Adding AI your company's operations and business is a big change, and likely a big transformation. Here's some quick advice to lessen the challenges:

Plus, focus on AI that's available as a supported product/service, rather than something still in development.

Although AI as an area within computer science dates back to the 1950's, it's only been within the past decade that many types of AI have become available to companies of all sizes.

This is thanks to factors like continuing hardware price/performance improvements, cloud computing, and advances in AI techniques. At the same time, computing trends like big data, IoT, self-driving vehicles, and speech and image recognition are generating more "targets" to point AI tools at.

In particular, Keep an eye on cloud costs and capabilities, along with what the various players are doing or talking about, AI-wise. Like nearly everything involving computer technology, many of the next cool capabilities can't be anticipated or predicted. Bottom line: talk to professionals in your field nothing will help you quite as much.

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Artificial Intelligence in Business: How to Use AI in Your ...