Is AI technology inevitable for companies?

The dawn of generative AI technology is upon us, and the wave has just begun to rise. The technology that was being scoffed at in the beginning, is now becoming a deciding factor for the relevancy of companies now, and in the long run. In a recent study of around 800 business experts, 9 in 10 believed that the priority for companies now should be on better data management in order to better utilise AI technology.

The difference between companies that are using AI and companies who are yet to make the switch to AI is simply poor housekeeping and the lack of legacy solutions. Sometimes, a company has a lot fo data that can be utilised to better understand and predict future threats, but where they are falling short is the they are still dependent on humans to sort the data and make sense of it. Companies who have employed AI, on the other hand, simply feed this data to the generative AI, and in a mere matter of minutes, they have multiple solutions and predictions that they can utilise to further their company’s position in the market.

Take Salesforce for example. The company was one of the first to really go BIG on generative AI, even going as far as creating its own Einstein GPT Technology. They are now utilising generative AI to no only process exiting data, but also ensuring that new data being created is high quality and 100% usable.

Another study has found that 81% of IT companies are now investing more in data analysis tools and training, which shows that there definitely a demand in the market for generative AI technology.

It seems now that the priority for companies is not to increase their work force, but improve the quality of data that they feed to their generative AI tools.

AI is here to stay, and it is time we all acknowledge and embrace it.