Digitization: Why should companies invest in Artificial Intelligence training

Technology is a key helper on the way to the digital future. Artificial intelligence is considered a crucial future technology in the worldwide economy and more and more companies see an opportunity for their own business in artificial intelligence (AI). Whether predictive maintenance, process optimization, system control, or individualized products – everyone is talking about the fact that everything will be AI-supported in the future if not even function autonomously. AI can also improve processes in companies from production to sales or serve as the basis for new products and services.

 

Artificial intelligence also gives enormous competitive advantages. A survey conducted by McKinsey highlighted that a majority of survey respondents say their organizations have adopted AI capabilities, as AI’s impact on both the bottom line and cost-saving. Regarding the employees, however, there is an urgent need for action as they are poorly prepared for the use of artificial intelligence in this suddenly changing environment. Employees must perform skilled jobs that require more education and training compared to their normal routine jobs.

 

Another survey conducted by the market research company Statista on behalf of the TÜV Association among 1,000 people aged sixteen and over, including 568 employed people has revealed that 78 percent of employers agree that companies need to invest more in training their employees when it comes to AI. Many companies must invest significantly more in further training in artificial intelligence to make their workforce fit for the digital world. This involves both in-depth knowledge for the use of the technology, but also user knowledge since many tools already work with AI today. According to the results of the survey, a start has been made, 28 percent of the employees surveyed have taken part in further training on AI content in the past two years. And 34 percent of those in employment planned to do so within a year.

 

With basic AI knowledge, TÜV association expert Fliege observes considerable deficits in the companies. “Many employees only have a vague idea of ​​what AI is and where they encounter it.” AI is already in use in many cases, sometimes even unnoticed. “Algorithms work quietly in numerous systems – for example in IT security, where they recognize and resist cyber-attacks,” says Fliehe. AI is perceived more strongly in factories, for example, where it supports production control. The use of AI promises more efficiency and greater process automation in production. That doesn’t have to have a negative impact on employment, says Fliege: “Interesting new fields of work can arise for employees because they are relieved of routine activities.” The development is still in its infancy, and a lot is in flux. “A whole new door is opening for companies and employees.” According to Fliehe, the use of AI for small and medium-sized enterprises (SMEs) is particularly promising. “They usually have to make do with scarcer resources and are committed to high efficiency.”

 

“Knowledge about artificial intelligence is improving as the technology spreads,” said Stenkamp. At the same time, the attitude of the citizens is also improving. Fifty-one percent of respondents feel something positive when they think of AI, compared to the previous study by the TÜV Association in 2019, this is an increase of five percentage points. On the other hand, only 14 percent feel something negative, two years ago this value was twice as high at 28 percent. Thirty-five percent are neutral (up 14 points).

 

However, one thing is certain: the responsibility of the employees will increase, because they will remain the final decision-making authority. “Users in companies must know that AI decisions are not optimal in every situation,” says Fliehe. It may therefore be necessary to check whether an algorithm has captured all the valuable information. “Human expertise and experience will not become less important through the use of AI, but even more important,” emphasizes Fliehe. Employees would have to be able to guide the algorithm and classify the results. “Employees must become designers and also recognize the limits of AI.” In this way, the employees also contributed to the security of AI systems. “AI applications must not endanger or disadvantage people,” says Fliege. Corresponding legal regulations for the use of AI in security-critical areas are currently being developed in the EU as part of the planned “AI Acts”. The “TÜV AI Lab”, founded last year, supports politicians in developing standardized testing tools for artificial intelligence.

 

To prepare workers for more automated workplaces, professional training must be considered as an individual right. The transition to modern technologies and onwards will be a continuous process. Thus, the training and re-training of employees must not be ignored.

COVID19: Digitization Recovery Plan for 2021

 

To help repair the economic and social damage caused by the coronavirus pandemic, digitization will continue to boost in 2021. All those lock-down measures in response to the coronavirus outbreak have frozen the economic activity in certain sectors and harshly disrupted others, which resulted in worldwide unemployment and bankruptcies. In order to overcome all restrictions in the contactless world, citizens and businesses are relying on the internet and connectivity as social and economic activities became more digital.

 

What is now very clear, is that COVID-19 has accelerated digitalization. IT decision-makers are under pressure with using new technologies to modernize legacy processes and recognize and implement new business model innovation opportunities, more than ever before. All digital business transformations must begin and end with a crisis recovery plan and must reinforce companies’ foundations for a modern and more sustainable future. Additionally, as customers are getting more used to doing things digitally. This opens up opportunities for businesses to introduce new products and to reduce costs. The Belgian government has also agreed on an investment package of 4,3 billion EUR in digitalization, sustainability, education, health care, R&D, 5G, mobility.

 

Here below are the top digital transformation trends that will shape 2021.

 

  • Businesses’ journey to the cloud will accelerate in order to digitize quickly and effectively in the response of COVID-19. Across industries, this acceleration will result in their digital business transformation for long-term growth and profitability. This migration of infrastructure and applications to the cloud will enable leaders to innovate quickly, by significantly reducing development and solution delivery cycles, empowering operational efficiency through cost optimization, and benefiting from real-time accessibility of data.

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  • Companies will invest in 5G in order to enhance the experience of workforce mobility (remote work), videoconferencing, and digital collaboration. This adoption is motivated by the need for more bandwidth, faster speeds, reliable and resilient connectivity as businesses cannot afford to be disconnected. 5G will boost the company’s existing network by providing diverse connectivity, to ensure scalability for growth and business continuity with a faster response time, delivering a quality user experience subsequently increasing productivity and customer service. The IEEE 2020 Global Survey of CIOs and CTOs surveyed 350 CIOs or CTOs in the US, China, UK, India, and Brazil from Sept. 21-Oct. 9, 2020, revealed that 52% have accelerated 5G adoption. Doubtlessly, with all these earlier mentioned benefits, the value and adoption of 5G will become increasingly mainstream in 2021.  Additionally, by 2030, 5G modules are expected to account for almost 30 percent of total B2B 5G IoT module revenues.
  • Worldwide industries will turn their attention to robot resilience in 2021. Organizations will accelerate automation projects more critically. With intelligent automation projects, ROI is realized instantaneously, offsetting the upfront investment. Automation (RPA) allows organizations to automate certain types of work processes to reduce the time spent on costly manual tasks and reallocate resources elsewhere. Software robots will automate the work of most people by taking the unpredictable, dreary, and monotonous tasks, faster and with fewer mistakes, while human capital resources will be assigned to higher-value tasks or to fill critical gaps.
  • COVID-19 has forced companies all over the world to adapt to and embrace remote work. With the safety concerns that continue to grow, companies are negotiating remote work policies as their business strategy for the long term. Even though many companies succeeded in the rapid transitions to remote work, they are realizing that remote work is here to stay. Companies and employees are realizing the significant benefits of remote work, such as increased flexibility, autonomy and productivity, better work and life balance, lowered business expenses, etc. according to a Gartner study, 74% of CFOs and Finance Leaders say that they will move at least 5% of their employees to remote working permanently post-pandemic, another 25% of the participants say they will move 10% of their workforce to remote working permanently.
  • Countries around the world are working on more comprehensive and accessible electronic health records. The access of the patient to his medical record by electronic means is part of the eHealth Action Plan validated by all the Belgian ministers of health. By simply asking your healthcare provider to activate the option, you can access to the contents of your documents. The online medical record allows the patient to have their health record at any time. Additionally, the AI healthcare market is expected to exceed $34 billion by 2025 as artificial intelligence is already playing a huge role in the digital transformation of healthcare. In fact, AI is being used currently for AI-assisted robotic surgery, assist pathologists in making more accurate diagnoses and treat illness, detect cancer in its earliest stages and subsequently develop new treatments, and doctors are using AI-enhanced microscopes to scan for harmful bacteria’s in blood samples at a faster rate than is possible using manual scanning.

 

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