Despite the global impact of the pandemic, 47% of artificial intelligence (AI) investments remained the same since the start of COVID-19, and 30% of organizations planned to increase these types of investments, according to a Gartner poll. Only 16% temporarily suspended AI investments, and a mere 7% had decreased them.
“AI is starting to deliver on its potential and its benefits for businesses are becoming a reality,” says Svetlana Sicular, VP Analyst, Gartner.
AI continues to play a significant role in automating processes and systems to support the remote working migration. Research done by Gartner suggests that artificial intelligence or AI will create a business value of US $3.9 trillion by 2022.
AI engineering rests on three fundamental principles — DataOps, ModelOps and DevOps. A robust AI engineering strategy will facilitate the performance, scalability, interpretability and reliability of AI models while delivering the full value of AI investments.
Gartner research showed that only 53% of projects make it from artificial intelligence (AI) prototypes to production.
AI is expected to be the most disruptive tech category for the next decade, due to advances in computing power, capacity, speed, and data diversity, along with the further evolution of deep neural networks.
So, what is artificial intelligence engineering?
Artificial Intelligence Engineering: What you need to know.
Artificial intelligence engineering is the use of algorithms, computer programming, neural networks, and other technologies in the development of AI applications and techniques. These techniques and applications will typically have practical uses in commerce, science, and other aspects of life.
The success of AI applications is based on understanding your consumer base and what their requirements are. Forcing something on a consumer without allowing them an option to break out and ensuring all associated interactions are passed to the operator so they fully understand the consumer’s engagement, is one of the critical areas of failure. – James Guthrie, Smartz Solutions, Managing Director.
An artificial intelligence engineer extracts data from a variety of sources, designs algorithms, builds and tests machine learning models, then deploys those models to create AI-powered applications capable of performing complex tasks.
As real-time analytics and human-like reasoning become increasingly crucial across several industries, and the underlying technology continues to mature, the demand for artificial intelligence engineering will increase in the coming years.
To ensure that your business remains relevant within the digital age is to accept and embrace the changes that AI technology brings. This digital transformation process can be a cumbersome and daunting task to undertake, but Smartz Solutions have the platform and expertise to take your business into the 4IR era. – Victor De Abreu CIO Smartz Solutions
In Gartner’s 2021 Technology Trend report they predict that over the next three years, businesses that prioritize a total experience strategy will outperform their competitors in the critical satisfaction metrics. What do you need to know about Total Experience? Read more here: https://smartz-solutions.com/what-you-need-to-know-about-total-experience/.
With the maturing of privacy compliance and more widespread regulations, both small and large businesses will have to protect data in use. Read more about Privacy-Enhancing Computation here:https://smartz-solutions.com/what-is-privacy-enhancing-computation/.
About Smartz Solutions
Smartz Solutions specializes in managing customer and employee experiences through our enabling technology. Our success is based on technological foresight and strong business knowledge, enabling us to develop integrated solutions that meet your business needs.
Our power lies in turning insights into strategies and giving you the power to make effective business decisions. Based on a wealth of knowledge covering multiple industries, we have developed a suite of products that include the entire customer engagement journey offering best-in-class, world-class applications in a single end-to-end CX and EX platform.