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Exploring the Benefits and Challenges of Applied AI
How This Technology is Driving Innovation and Shaping the Future of Work
Artificial intelligence (AI) has the potential to revolutionize the way we live and work. Machine learning models can automate processes, add to or enhance capabilities and offers, and improve decision-making by resolving classification, prediction, and control issues. Companies across many sectors are starting to leverage data and insights from AI capabilities, such as machine learning (ML), computer vision, and natural language processing, to transform their operations and drive growth. According to the 2021 McKinsey Global Survey on the state of AI, 56% of respondents indicated that their organizations had implemented AI, with 27% crediting AI for at least 5% of their companies’ EBIT.
The adoption of AI is happening quickly, and it’s clear that this technology has the potential to change the way we work fundamentally. The applications of AI are vast and varied, from automating tasks and improving efficiency to driving innovation and creating new products and services. In this article, we’ll take a closer look at the benefits and challenges of applied AI and explore how different industries already use this technology to shape the future of work. We’ll also discuss the organizational, technological, ethical…
