Recent YouGov research by the leading data consultancy Oakland shows that businesses are increasingly open to using artificial intelligence (AI) as a way to overcome data challenges. Although some obstacles remain, organizations are increasingly open to using AI to transform operations and unlock their data’s potential.
A significant majority of organisations are now exploring the possibilities that AI can offer. In particular, generative AI is emerging as an effective solution to long-standing issues like unstructured information, information overload and expert shortages.
Joe Horgan is Principal Consultant for Oakland and describes this as a turning-point.
“More and more businesses are realising AI isn’t a futuristic idea – it’s an actual tool that they can use to solve real problems today.” “Generative AI breaks down barriers, and helps organisations see what is possible.”
Oakland’s expert insight and the full survey results are included in Navigating the Emerging Generative AI Gap .
3 Ways that Generative AI can make a difference in your business
Unlock Your Document Mountain
Knowledge is not shared within a company, and the same mistakes can be repeated time and again. A large volume of data, reports and information is often not tapped due to a lack of resources. This means that important lessons can be lost in the noise.
Generative AI is a solution that summarises and organises unstructured data. This allows employees to quickly find key insights hidden in documentation, incident report, and historical lessons. AI makes information easier to find and navigate, eliminating the bottleneck created by fragmented data and allowing businesses to make better decisions.
Organising Information Tsunami
Many organisations have invested heavily in monitoring systems, but now find themselves overwhelmed by the sheer volume of alarms and alerts. The lack of ROI for AI was cited by 35% of respondents as a major challenge. Monitoring and control teams, however, are constantly distracted and struggle to distinguish the real alerts from the noise. This reduces their productivity.
The AI generated by Generative can match these alerts to policies, procedures and operational data. It allows for organisations to streamline their decision-making, and teams to respond more quickly to critical issues. This saves time and reduces the risk of error.
How to solve your expert shortage
This survey revealed a main concern, with 41% identifying it as a major obstacle. The survey revealed that many organisations tried to fill this gap by using expensive “business-partnering” models for functions such as Finance, HR and IT. However, these solutions were often overstretched.
Generative AI is an alternative that offers a viable solution by acting as a constant expert. It can answer complex questions, prepare detailed reports and provide tailored insights without the need for human interaction. Generative AI automates knowledge sharing and insights to allow businesses to offer expert-level support to teams. This ensures that employees can access timely, relevant expertise whenever they need it.
AI Workshop – Building Confidence for AI Adoption
Oakland offers a free AI Discovery Workshop to help businesses close this gap. The workshop provides organisations with practical tools and guidance to explore AI and its applications in their industry.
Participants will be able to:
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Explore the current challenges of your clients and identify possible AI solutions that are tailored to meet their needs
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Learn how AI can improve business processes, operational efficiency and decision making
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Learn about AI in production environments and real-world use cases
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Expert advice on AI adoption challenges such as data privacy, closing internal skill gaps and navigating AI adoption challenges
The first time this post appeared was on HR News.
