In every industry – from communications to energy to medicine – things are getting done faster and cheaper thanks to robots, the cloud and artificial intelligence (AI).
Just think of how little you already spend on a simple activity like catching a movie. Instead of driving out, getting petrol, ordering popcorn, then
buying a movie ticket, you can now sit at home and queue up as many movies as you want – all for a small monthly fee.
In the near future, machines will be so good at doing some of our jobs that human employees will become redundant. Because of that, futurists are proposing a universal basic income
to replace pay cheques. (If you spend your days whinging about long work hours with not enough time for everything else, isn't that good news?)
While we're still a long way from a truly jobless society, executives should take advantage of AI right now. We already know that AI can significantly reduce costs in manufacturing (by replacing humans
in assembly lines, reducing waste or 3D printing) and even customer service (chatbots are increasingly augmenting customer interactions
on websites and social networks).
Here are some other areas where your business may benefit from AI: