Category: General

 
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Risks and limitations of artificial intelligence in business

Artificial intelligence (AI) involves giving machines and programs the ability to think like a human. Businesses are increasingly looking for ways to put this technology to work to improve their productivity, profitability and business results.

However, while there are many business benefits of artificial intelligence, there are also certain barriers and disadvantages to keep in mind.

Limitations of artificial intelligence
One of the main limitation of AI is the cost. Creation of smart technologies can be expensive, due to their complex nature and the need for repair and ongoing maintenance.

Software programs need regular upgrading to adapt to the changing business environment and, in case of breakdown, present a risk of losing code or important data. Restoring this is often time-consuming and costly.

Other AI limitations relate to:
• implementation times, which are often lengthy
• integration challenges and lack of understanding of the state-of-the-art systems
• usability and interoperability with other systems and platforms

If you’re deciding whether to take on AI-driven technology, you should also consider:
• customer privacy
• potential lack of transparency
• technological complexity
• loss of control over your business decisions and strategy

AI and ethical concerns
With the rapid development of AI, a number of ethical issues have cropped up. These include:

• the potential of automation technology to give rise to job losses
• the need to redeploy or retrain employees to keep them in jobs
• fair distribution of wealth created by machines
• the effect of machine interaction on human behaviour and attention
• the need to eliminate bias in AI that is created by humans
• the security of AI systems (eg autonomous weapons) that can potentially cause damage
• the need to mitigate against unintended consequences, as smart machines are thought to learn and develop independently

While these risks can’t be ignored, it is worth keeping in mind that advances in AI can – for the most part – create better business and better lives for everyone. If implemented responsibly, artificial intelligence has immense and beneficial potential.

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AI


There is a public fear around the world that we humans have advanced technology so much that it will surpass our capabilities and control. That is, technology will overtake us with the power of artificial intelligence (AI). This fear is considered unfounded by some, and completely plausible by some of the brightest intellectuals.
Regardless, AI is in fact changing our lives in different ways each year. We want to look at some of the roles it’s playing in workplace, from the entryway to your cubicle in the back.


It’s a curious thought to see what AI can accomplish and what it will leave humans with. Luckily, the human spirit is innovative, and we will hopefully find new ways to use our talents, skills, and intellect where technology takes over. What are your thoughts on AI in business? Let us know in the comments below!

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Feel Good Fest

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Brand Mastery June 2018 – Graduation

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Brand Mastery June 2018 – Day 2

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Mindless Compliance

Lead and guide your audience to Consistently comply and compel to your invitations and offers. This is the TOP desire skill of Presenters, Speakers, Authors, and Professionals.

No one speaker is able to sell without using this skill. Learn the secret skills of selling and presenting to the crowd. 

WinYourBrand invented the PIATA to empower Speakers and authors sell from the stage. PIATA is the ultimate platform for Speakers and Authors. A step-by-step system, easy to follow to develop and deliver your message to the world.  An efficient solution for all needs of authors and speakers. Just starting or you are rising in your speaking and authorship carrier, PIATA will get you to better engage with your audience and sell more to sustain your business.

This short video course on mindless compliance is a part of selling through presentation with Wael Badawy.  

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