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This Week in Consulting

Wednesday, May 29th, 2019

How the Future of AI Will Impact Business

THIS WEEK’S MUST READ

“Sixty-two percent of hiring managers say that AI will change how we work within five years. However, this approach isn’t about replacing people’s jobs with robots. “Our research found that machine learning seldom, if ever, replaces entire occupations.”

Artificial intelligence (AI) is continuing its migration out of the research lab and into the world of business. Leading companies across hundreds of industries are harnessing its power — from banks analyzing countless data points in seconds to detect fraud, to call centers deploying chatbots to improve customer interactions.

This Week’s Must Read is an insight piece from Salesforce and an approach on why AI has tremendous potential for improving the way organizations operate.

Read on to Find out More: “How the Future of AI Will Impact Business“, Devon McGinnis, Salesforce


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THIS WEEK’S VIDEO:

Artificial intelligence and other emerging technologies are crucial to making the high-quality business decisions required to innovate…

INDUSTRY NEWS & INSIGHTS

  • Support for AI in government highest among Asian nations: Among the major topics dominating discussions at this year’s World Economic Forum was a global call to action on developing artificial intelligence governmental frameworks, with Deloitte stating in its attendant ‘AI Ethics: The Next Big Thing in Government’ report that “Gaining societal consensus on the ethics of AI is one of the key tasks of the government”. | Consultancy.asia
  • Is your organisation ready for the quantum internet? The primary driver of the race to create quantum computers is their ability to solve problems that today’s classical computers can’t. One such problem is the factoring of large prime numbers – the basis of common encryption protocols used on the internet today. | Rob Gear and Paul Martin, PA Consulting
  • Big Data Expo shows Guizhou’s big ambition as China’s Big Data Valley: In merely four years, the Expo has become an important annual event in the big data industry with a focus on the latest trends and win-win cooperation. Focusing on “innovative development and digital future”, the expo features high-end dialogues, forums, contests, exhibitions and other colorful events, which spotlight the latest technical innovations and provide an international platform for presentation of hi-tech companies. | Cision PR Newswire
  • The Digitalization of the Energy Business: Are you Prepared? While digitization isn’t new, it is becoming increasingly integral to regulated and deregulated businesses alike, across the energy industry. Today, even if you are not an early adopter, you will need to embrace new and emerging technologies to keep pace with the marketplace. | Capco

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THOUGHT LEADERSHIP

  • Future of Artificial Intelligence for 2020: Speaking of Millennials and the next rising generation — what differentiates us from our predecessors is the inventions. Humans have now created and add further constructions to almost everything that we can touch in our virtual lives. The only thing common between us, our predecessors and the next generation will be our brains.  | M. Al Nabeel
  • 4 Ways Artificial Intelligence Is Shaping the Future for Businesses Big And Small: Artificial intelligence (AI) is becoming not just a curious concept, but a business asset worthy of every entrepreneur’s attention. You can use AI to increase customer retention, NPS, sales close rate and pre-qualify leads. | Andrew Medal for Entrepreneur
  • Bot.Me: A revolutionary partnership-With a market projected to reach $70 billion by 2020, artificial intelligence is poised to have a transformative effect on consumer, enterprise, and government markets around the world. Despite the way the film industry and news media portray AI, most consumers see the potential for good.  | Pwc
  • Confronting the risks of artificial intelligence: With great power comes great responsibility. Organizations can mitigate the risks of applying artificial intelligence and advanced analytics by embracing three principles. Yet even as AI generates consumer benefits and business value, it is also giving rise to a host of unwanted, and sometimes serious, consequences.  | Benjamin Cheatham, Kia Javanmardian, and Hamid Samandari, McKinsey

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