Connect with us


By design, AI will eventually disappear from view.

By design, AI will eventually disappear from view.


Behind the scenes of AI


Commoditization has been a major factor in the information technology field for many years. It doesn't matter what computer or smartphone you use. If you want to step up to in-house use, you can easily swap databases and cloud systems based on pricing and support services. Has artificial intelligence reached that point? Opinions vary.

Commoditization occurs when a product or technology becomes widely available and interchangeable. This continues with the democratization of offerings. It also means that products and technologies no longer allow companies to ride out market battles in the same way that a properly wired electrical system would. But the company. You cannot thrive without it.

AI tools and platforms, particularly generative AI, may meet such a definition because they are now widely available and available to everyone for free or at low cost. And since everyone uses it to some degree now, it may not give you a huge competitive advantage. So, in the same way that PCs and internet access are goods that don't necessarily provide a competitive advantage, does that mean AI is on the same path? We all need it, though. , everyone has it.

Nicholas Carr, author and former editor of Harvard Business Review, identified this phenomenon 20 years ago in his seminal book “Does IT Matter?” Essentially, IT had become a “utility” that everyone was expected to have. With technology now affordable and available to everyone, the playing field is leveled and therefore no one gains a competitive advantage. No company gains market share as a result of having a very well wired electrical system.

Brian Fitzgerald, chief revenue officer at Augury, says that when online shopping was new to all of us, e-commerce was seen as a huge differentiator for businesses. Currently, e-commerce is the status quo and we call it shopping. I think AI will follow suit in a similar way. People will no longer care about AI as a buzzword or a novel extension, but rather the processes and business outcomes it produces will become the norm.

Scott Cook, Andrei Hagiu, and Julian Wright write in a recent article in Harvard Business Review that some companies are using publicly available generative AI tools to do better or better than their competitors. He writes that if you use it quickly, you will be able to gain an advantage. However, the benefits are only temporary and the use of the tool will soon become a gamble. This means existing companies need to rethink their business strategies and find new ways to add value to their services.

Counter-arguments will likely focus on the success of tech-savvy organizations like Amazon and Uber, which have used cutting-edge technologies, including AI, to upend their markets. AI and Generative There is no denying that the potential for AI to advance the business landscape is exciting. Generative AI has the potential to disrupt or even commoditize many businesses by making it much easier and cheaper to improve and create products and services that previously required significant human effort and creativity. According to the HBR authors,

But now the whole world has access to that technology. Business advantage comes from an innovative culture and forward thinking. It's not just that they have the technology, it's what they do with it. Anyone with a high-end smartphone can now make a movie, but not everyone has the vision or skills to become the next Steven Spielberg or Spike Lee.

AI delivers results when treated as a tool to improve a company's bottom line, but less profitable when viewed as a standalone shiny new product, Fitzgerald said. For example, when analyzing his ROI of AI, instead of just analyzing the AI, you need to work backwards to understand what business functions the AI ​​is contributing to and analyze the impact from there. .

For now, current generative AI efforts remain focused on efficiency, productivity, and cost reduction rather than innovation and growth, according to a recent report from Deloitte. The majority of organizations surveyed are currently targeting tactical benefits such as increased efficiency and productivity (56%) and cost reductions (35%). Additionally, 91% said they expect generative AI to improve productivity in their organizations. Fewer organizations (29%) report targeting strategic benefits such as innovation and growth

This will have implications as AI begins to be taken for granted. People don't sit around marveling at the internet or smartphones, but these technologies are completely changing the way we're productive, says Nick Frosst, co-founder of Cohere.

AI will increasingly transform business without us even realizing it, Frost continues. AI can more easily find important information from vast databases, identify trends that might otherwise be missed, quickly complete mundane tasks and free up employees to free up expertise in other areas. We need to help them make better use of it. It won't make us super artificially intelligent, but everything will change. Most people will stop thinking about AI because it will fundamentally change the way business is done.

In many ways, AI is already invisible today,” says Cliff Jurkiewicz, vice president of strategy at Phenom. “AI is like oxygen. There are many things around us that can suggest streaming content, update package delivery status, or offer alternative routes based on traffic or other road hazards. It provides value in ways we take for granted every day, including in the medical field.

Not everyone agrees that AI will soon disappear from view or become commoditized. “The initial hype generated by the release of ChatGPT will definitely start to die down, says Robin Moore, lead product manager for AI and machine learning at Mimecast. The incorporation of AI into daily life is likely to be even greater than it seems.

If anything, initially we just talk about AI implementation by providing a competitive advantage. “Many companies will be quick to emphasize how they are leveraging AI for several reasons, Moore says. Show your customers and prospects that you are in the right position to deliver faster, better services and products to your board of directors. and shareholders.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]