AI is the future. In this video, learn the importance of incorporating AI into your ecosystem for the future.
- [Narrator] Blink number four, today's businesses should also shift their attention to AI and building an agile operating model. You've probably heard about recent strides in the development of artificial intelligence or AI, especially when it comes to the advanced algorithms, allowing services like Apple's Siri, and Amazon's Alexa to learn the preferences and anticipate the needs of users. But AI is about more than just digital assistance. That's why embracing AI is so important for all businesses. These days, AI has four human like capabilities. It can sense things as it does when performing facial recognition. It can comprehend things such as language and verbal commands. It can act as it does when making recommendations and it can learn. All of these capabilities are finding their way into one industry or another. And any company that chooses to ignore AI will likely be left behind. Currently around 70% of manufacturers worldwide, identify AI as a key part of their future innovation and growth. Yet only 19% of those companies have presented a clear and specific roadmap for utilizing AI. However, AI has clearly contributed to increased value and accelerated growth for the companies that have already added it. Take the smart speaker, for example. This was a nonexistent product just a few years ago. Yet in 2018 alone, there were around 56 million smart speakers sold worldwide. Meanwhile, experts are suggesting that the use of voice assistance and smart, digitally connected household appliances will only continue to rise in the years ahead. This brings us to one last big shift for companies, to stop thinking linearly and to focus on building an agile operating model. The marketplace and technological landscape will continue to change rapidly in the future. And having traditional top down hierarchies will make it difficult for teams to act quickly and to make the decisions that need to be made. Amazon founder, Jeff Bezos, advocates for small, empowered product-minded teams with a focus on experimentation. As he sees it, twice as much experimenting will lead to twice as many ideas. Amazon also has a two pizza rule. If your team can't be fed by two pizzas, it's too big.
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