Artificial Intelligence has a tremendous role to play in several industries and in various ways. It will be interesting to know and observe the significant changes it is making or will make in the future to businesses. The potential AI has to infuse businesses has grown exceptionally well in the past. It is time now to see where do executives and managers start and how do they implement it.

The study Reshaping Business with Artificial Intelligence published in September 2017 by Boston Consulting Group and MIT Sloan Management Review based on interviews with more than 3,000 business executives, managers, and analysts in 112 countries and 21 industries reveals that:

84%

Obtain Competitive Advantage

83%

AI is a Strategic Priority

75%

Move into New Businesses

The research also found several gaps between the companies who have already adapted AI and the laggards. The major difference is with context to their approach to data. As we write and speak of it, there are various research and discovery in process knowing and understanding AI and AI for business better.

Save time and cost by automating routine tasks and processes

Use insights and predict customer preferences and consumer behaviour

Increase operational efficiency and enhance productivity

Avoid human errors provided the system is setup properly

Crunch and mine large amount of data to drive insights

Increase revenue and maximize profit