- November 8, 2018
- Posted by: admin
- Category: Uncategorized
AI And Automation- It’s difficult to make predictions, especially about the future, but we can be certain that “AI Washing” will continue to rise and flourish in 2019. That’s what market research firm Forrester calls the hype and hooplah around Artificial Intelligence (AI), the latest set of technologies that is promising to “change the world.”
In its 2019 predictions, Forrester tries to temper the “irrational exuberance for AI adoption” with a dose of reality, looking forward by observing how companies automate their work today while experimenting with adding intelligence—artificial and human—to analyzing data and making decisions. Here’s my summary of two Forrester reports published today, “Predictions 2019: Artificial Intelligence” and “Predictions 2019: Automation.”
It’s the data, stupid: Most companies will find out that to realize their expectations from AI—exaggerated or not—they must invest in creating “an AI-worthy data environment.” 60% of decision makers at companies adopting AI cite data quality as either challenging or very challenging—it’s their top challenge when trying to deliver AI capabilities.
Automation and intelligence convergence is the new new thing: More than 40% of enterprises will create state-of-the-art digital workers by combining AI with Robotic Process Automation (RPA). The RPA market will reach $1.7 billion in 2019 and $2.9 billion in 2021. By the end of 2019, automation will eliminate 20% of all service desk interactions, due to a successful combination of cognitive systems, RPA, and various chatbot technologies.
No brain, no gain: Two-thirds of AI decision makers struggle with finding and acquiring AI talent, and 83% struggle with retention. The solution may lie, at least partially and paradoxically, in the problem itself: Companies will use AI to find scarce AI talent.
Bringing humans back in: 10% of enterprises implementing AI applications will add knowledge engineering to the mix—human wisdom and expertise—to “extract and encode inferencing rules and build knowledge graphs from their expert employees and customers.”
Humans need not apply but they will reinvent themselves: One-tenth of startups will begin life with more digital workers than human ones. 10% of US jobs will be lost to automation — but the equivalent of 3% of today’s jobs will be created. Automation will contribute to better employee experience as rote tasks come off humans’ plates.
Searching for trust in explainable AI: There will be increasing demand for transparent and easily understandable models. 45% of AI decision makers say trusting the AI system is either challenging or very challenging.
Centralization in, chaos out: 40% of enterprises will have automation centers in place. Change management, unpredictability, control, auditing, and security issues will raise governance concerns throughout 2019. In response, enterprises will invest in central coordination — automation centers — designed on the basis of unifying frameworks.
Read More Here
Article Credit: Forbes
The post AI And Automation 2019 Predictions From Forrester appeared first on erpinnews.