Did you know that five of the biggest tech giants, viz. IBM, Microsoft, Google, Facebook and Amazon have recently formed a partnership for the research and development of Artificial Intelligence.

And these market leaders form just the top of the cream. Thousands of startups like Kwiziq, JamieAI and Verv are flourishing around the world, investing in developing the next era of AI. So what is it that all these companies have found in the potential of this technology that is driving them to hurry? And more importantly, why is it important for your business to participate and adapt to this futuristic technology?

More efficient digital assistance

From the beginning, machines have been considered important due to their ability to improve human efficiency. Suppose what change in efficiency can be produced when these machines become really smart; when they can make the best possible decisions for themselves, unaffected by the limiting constraints of human beings? There will be fewer errors, fewer unpredictable issues, and fewer delays, all of which will have a cumulative effect on the overall efficiency of any system.

Digital marketing at its best

Many companies are already in the process of harnessing the potential power of artificial intelligence and are working with intelligent chatbots to improve their marketing efforts. No wonder they have taken this route. Chatbots and other similar AI marketing solutions can take digital marketing to the extreme, where you can solve your prospects’ queries, create interactive marketing campaigns, and solve many repetitive and monotonous tasks without having to invest in multiple resources.

unlimited exploration

When it comes to exploration, the biological limits of humans have always been considered the greatest limitation. And it’s not just biological necessities that have kept us from exploring inhospitable environments in space or underwater. These limitations are also in the form of our sensory perceptions. There are many wave patterns and frequencies that humans simply cannot detect, which is why machines like the thermal camera that detect infrared waves have become so important for the perfect exploration of even our immediate surroundings. Artificially intelligent machines can eliminate all these problems in one fell swoop.

Wide scope of application and new opportunities.

Unlike most recent technological developments, AI becomes more desirable due to its wide application. Since most of today’s technological advances are limited only to the technological realm, the field was losing its importance in other spheres of life. But with AI, that is not the case. Its potential has made it one of the most sought after inventions in the areas of medical science, financial systems, air transportation, heavy mechanical industries, and even art.

Transition Turn

Unlike social networks, AI is not a boom phase. It is the development of an entirely new ecosystem that will change technology as we know it today. There is no limit to what the future may hold when we reach the pinnacle of AI development when intelligent machines function without the biological limitations of human bodies. It will continue to evolve at an exponential rate, solving perhaps some of the deepest mysteries in the universe.

Today, even with all its advances, AI can still be considered in its newborn stage, and for all those companies that aspire to survive and thrive through this transitional change, it is extremely important that they adapt.