In the 21st century, various advanced technological innovations have fully supported digital transformation in several social aspects, including business. One of them is Artificial Intelligence (AI), which significantly impacts how we operate businesses. AI becomes the game-changer when many companies are chasing efficiency. The question is: How?
Artificial Intelligence Evolution
When we are talking about AI, it is strongly related to science fiction, which has evolved into a fundamental business tool. This transformation is also realized due to specific factors such as machine learning improvement, increased computing power, and reduced cost. Machine learning, which becomes a subset of AI technology, plays a significant role in its evolution. Now, AI algorithms can analyze massive data yet predict accurately.
Besides that, computing power increases also become one of the reasons why AI instantly transforms in this digital era. Computation power can overcome a problem through inputted data by AI users. Increasing The performance of computing power to advanced levels activates the development of more complex AI models. Due to that, AI technology transformation has become more effective.
It is not surprising if the AI development cost is relatively cheaper. The last factor of AI technology acceleration is the budget range for its implementation costs, which has significantly shrunk. This fact will be positive because it can create unlimited accessibility for more comprehensive business spectrum development. These factors are becoming important roles in AI transformation and directly impact business transformation.
User Experiences Enhancement
Many users often use AI-driven chatbots to support needs in various aspects. Virtual assistants have also revolutionized consumer services by offering instant responses and personalized interaction. That fact is also supported by many startups and companies' business activations that have already realized the importance of consumers' needs anticipation through AI technology.
Financial and Healthcare Services
AI has contributed to transformations in the financial sector for detecting fraud and transaction algorithms. We can refer to Robo Advisor on several investment platforms to provide personal investment services to users. In the financial industry, AI also supports diagnosed tools in healthcare practices. Therefore, patients' comfort and safety are increasingly maintained and precise.
AI is no longer an imagination; instead, it is an accurate futuristic technology. AI fundamental transformation has brought business transformation in its development along with its benefits. The impacts on various life aspects and the public's experiences cannot be denied. As AI keeps developing, it undoubtedly proves that AI is becoming the driving force behind the success of advanced companies in the digital era.