AI is a technology that uses computer algorithms to solve problems and improve processes. It can help businesses automate routine tasks and increase productivity.
The key to success is implementing AI in a way that accords with basic human values. Otherwise, AI could endanger humanity or replicate past injustices.
Human-less operation
In the transport sector, AI-driven vehicles can take advantage of their own experience of roads and traffic patterns to make more informed decisions. Their sensors and cameras are able to gather information on congestion, potholes and road construction without the need for human intervention.
Despite this potential for automation, it is crucial that AI remains under meaningful human control. This should be the case both during the development and deployment of AI systems by public authorities, as well as throughout their lifecycles.
A range of actors involved in the design, deployment and use of AI must be made aware of the full spectrum of international human rights standards that might be engaged by their work. They must be able to conduct self-assessments and external reviews in relation to existing or proposed AI systems.
24/7 availability
24/7 availability is a must for global businesses, especially in today’s interconnected world. Customers are always on the go, and they expect to be able to connect with you whenever they need to.
AI can help you provide the most optimal customer service possible. With its capabilities to handle more repetitive, time-sensitive tasks and to automate the simplest of interactions, you can free your team up to focus on more creative solutions to your most complex problems.
AI also helps you identify the smallest, most obnoxious mistakes your team makes, such as mis-clicked buttons, incorrect passwords and so on. These errors can lead to lost business, so catching them early on is a win-win for everyone.
Predictive analytics
Predictive analytics is a powerful way for companies to stay one step ahead of the competition by anticipating future trends and events. It can also help companies save money, improve safety and reliability, and reduce their environmental impact.
Using AI, organizations can build predictive models and generate insights at a scale and speed that isn’t possible with human analysis alone. These tools can be used across a wide range of industries and business operations, including marketing, production, customer support, financial transactions, and more.
There are a number of different types of predictive models, depending on the problem and type of data to be analyzed. These include machine learning, regression models, decision trees, and more.
Reducing human error
AI can help reduce human error by automating repetitive tasks, analyzing data more accurately and quickly, and providing real-time feedback to humans. This can lead to increased efficiency, productivity, and safety in various industries.
One example is the use of AI in manufacturing processes. For instance, BMW Group uses AI in its production solutions to perform monotonous tasks that used to require human intervention.
This example illustrates how AI can improve efficiency in a manufacturing process by identifying and detecting deviations.
However, it is important to note that these systems can only learn from their errors and are not perfect.
Therefore, it is imperative that companies implement a combination of automation and human input in their processes to ensure accuracy and reliability. This way, they can achieve a higher level of safety and productivity with lower costs and less risk.