Say hello to your next boss
Coming here, you’d think that crowdfunding or a startup founded by someone talented is the next big thing.
Looking at data, a rising new trend is what you notice.
It is called AI, either Augmented Intelligence or Artificial Intelligence, and both are taking over.
From Google to Microsoft and Apple, AI is now their core business, and they know that change is closer than ever.
Your business is in danger!
Many people find a routine that they settle in afterward.
However, business trends are accelerating faster than you can catch up, and it seems that technology is moving at an even faster pace than what we expected.
Many of us are already feeling the effects of these changes.
We’re expected to be more knowledgeable and be able to turn out high-quality work in less time and money.
Those who are unprepared will struggle, and work will become more difficult as they find it hard to compete with their co-workers.
Work as we know it will be unrecognizable.
What if you’re unprepared?
Well, things are going to be even worse, as these changes are more complicated than we realize. It’s not just keeping up with trends that is difficult, but keeping up with the right ones is what matters.
With which three trends should you keep up?
You should keep up with the changes being made.
Making the right decision is easier when you’re aware of what’s happening around you.
With that in mind, let’s take a look at the top business trends in 2018:
1- The arrival of Augmented Intelligence
Not just artificial intelligence, but augmented intelligence: a combination of man and machine.
The use of AI to enhance our performance is being implemented across various fields.
These changes are subtle but taking hold, as the pressure to overperform at work grows in the following industries as well as in others.
These industries include but are not limited to:
Airlines: Let’s say your flight is going to be delayed. IBM’s Watson notifies flight attendants automatically, according to a research paper by NASA.
Watson lets them know which passengers are going to miss their connecting flight.
It then provides attendants with instructions: where to go, when they land, other connecting flights and more.
Marketing: According to the Wall Street Journal, Amazon is using AI to boost workers’ productivity.
One area that is receiving an exceptional amount of attention is marketing.
Amazon uses AI to regulate current pricing. The company uses it to change product descriptions.
To change product rankings based on a variety of factors, moreover, the retail giant uses your spending habits to determine the price you’ll pay; loyal customers spend more, whereas infrequent or irregular ones pay less.
Augmented Intelligence is, for many industries, a fundamental part of work. Instead of replacing productive workers, technology at this stage is being used to amplify performance. Expect these trends to continue until who knows when.
2- AI moves to the mainstream
Microsoft announced that AI is already present in half a billion devices running Windows 10.
Google has released TensorFlow, an open source software library for high-performance numerical computation or, in other words, an open-source AI program.
Berkeley AI research released another 3 AI programs: Caffe, Apache and Apache MXNEt.
Amazon created an AI-friendly platform for developers to work with a variety of AI specific frameworks and services.
What does this tell us about AI?
It’s quickly becoming a mainstream obsession. These large companies aren’t only creating a few one-off products with AI, but are indefinitely integrating it into many parts of their respective organizations, with many applications.
As it turns out, this is good news, for now at least.
AI is still in its early beginnings, as many developments are yet to be made, according to Forbes.
So, job loss for most people is prone to be overlooked.
It’s also likely to remain this way for at least the next few years.
That’s good news because it means people won’t be replaced, at least for now.
3- Automation achieves dramatic growth
We’re automating traditional jobs out of existence on a daily basis.
Pizza Hut replaced waiters with robots to take orders and process payments, according to Business Insider.
Walmart used automation to replace 7,000 accounting and invoicing employees, according to Digital Trends, a tech site.
iPhone maker Foxconn replaced 60,000 employees with robots, according to Fortune, a news website.
Wendy’s replaced their lowest paid employees with robots, according to Business Insider.
White collar, blue collar, it doesn’t matter: it is the age of AI.
As the technology matures, work will shift from Augmented Intelligence to true Artificial Intelligence.
No one knows for sure when AI will reach that transcendence stage, but every industry will be impacted.
Marketing is safe though. It’s not so routine that it can be duplicated by AI, right?
Not so fast
HubSpot shared a list of creative, development and marketing roles threatened by AI: looking through data, making predictions and recommendations, creating compelling headlines and email subject lines, and providing you with AI-based analysis and reporting. AI can someday be your next CEO.
These advances are all happening now.
These changes are all leading us to an unexpected outcome.
Is the region ready to hand over its business to this technology?
We’ll see about that!