Technology is ever-evolving; there are endless innovations and advancements almost every day. Business tech is no longer a buzzword, as tech is now being used to enhance different aspects of business. This year, the business landscape is shaped by the power of AI, quantum computing, and sustainability. Here are five tech solutions businesses are adopting to stay competitive in the industry.
AI usage: A holistic way
Right from when businesses started incorporating task automation with the use of AI, employees have been scared of being replaced. However, the focus has shifted from replacing human skills to complementing them with AI.
Courtesy: Freepik
Research has shown that upskilling employees promises better results than new hires or AI replacements. Businesses key into this by reskilling staff and supporting their work with AI. Human skills are central to AI’s success.
Quantum computing
While it’s true that AI significantly assists in the solving of complex problems, there is a need for adequate computing power when the problems are too complex. Incorporating quantum computing in addition to AI usage is key.
Courtesy: Intuji
Different fields benefit from the power of quantum computing, from material science and genome sequencing to drug discovery and meteorology. Finance businesses also invest in quantum computing for purposes like high-frequency trading.
Mitigating AI risks
The underlying nature of AI poses several risks for businesses that incorporate it in their activities. It’s an undeniable fact that the use of AI makes companies more vulnerable to these risks.
Courtesy: Freepik
By keeping a human loop for training and ensuring the fidelity and quality of data, businesses are taking steps to mitigate the risk of AI usage. Furthermore, government policies and AI content validation are also used to reduce AI risks.
Generative AI
Although GenAI got into the mainstream last year, companies only came to a full realization of it this year. More businesses are now using GenAI to enhance efficiency and productivity in the workplace.
Courtesy: Beautiful.ai
Companies use GenAI to carry out menial tasks like scheduling, structuring projects, getting information, and managing compliance. Although regulatory issues are still being navigated, companies are already getting great results from using GenAI.
Enhanced storage
Data is a non-negotiable driving factor when it comes to businesses using AI and GenAI. The reason is simple- a company is as good as the data their systems rely on. Talk about garbage in, garbage out.
Courtesy: Freepik
This raises the need for companies to get a better hold of their data. Well, the solution is the multi-cloud storage approach, which implies running applications with at least two different cloud providers.