EXPERT EXPLAINS: The use of artificial intelligence is essential for staying competitive
The article discusses the importance of adopting artificial intelligence (AI) in business to remain competitive and grow.
In a world where artificial intelligence (AI) is becoming the new normal, companies might think they've engaged with this technology simply by using AI to correct spelling errors in emails or summarize meetings. However, this perspective overlooks the broader potential of AI that goes far beyond these basic applications. Experts advise that businesses should rethink their approach and recognize AI as a vital part of modern operations, much like cloud services and e-invoicing have become standard practices.
In order to stay competitive and achieve growth in today’s market, businesses must take the next step in AI utilization. This could involve integrating more advanced AI functionalities into their processes, enhancing efficiency and productivity while unlocking new capabilities. The article emphasizes that simply dabbling in AI is not enough; firms need to fully embrace its potential to remain relevant and thrive amidst growing competition.
As companies reassess their AI strategies, they should consider how best to harness its extensive capabilities across various functions. This shift not only aids in operational efficiency but also positions the company to better meet customer expectations and respond to market demands. The discussion raises important questions about the future of work and the role of technology in driving innovation and sustaining business growth.