As we use AI systems to quickly and more efficiently analyze data, the issue of time to analyze becomes obsolete. There is a deficit of new and novel ideas to analyze within most business. Collecting raw data, creating a culture of insights, and trying before you buy are three great strategies for combating improvement stalled by lack of ideas. Analyzing what makes a small part of one business run well could benefit other smaller components within a business to establish overall improved performance. The ability to analyze large quantities of numbers in a short amount of time opens the door for faster improvement and optimization.
“One of the great benefits of modern data-driven business strategies is the ability to test new ideas quickly. We are no longer reliant on the instincts of a few decision makers and are instead empowered by tools. AI promises to change the way we run our businesses, empowering us to make better decisions more quickly. This is a future of business that gets lost in discussions of robots replacing humans. The true promise of artificial intelligence is to improve how we as humans run our businesses today, to allow us to be more productive in our work than we otherwise would be on our own. That’s an exciting future.”
