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.

How Corona is driving Digital Transformation

How Corona is driving Digital Transformation

Covid-19 has turned many industries upside down. The past few months have shown how quickly change can occur when the need is great enough. The sudden global recession left businesses with a traumatic impact by disastrously troubling some industries and challenging the determination of others. In the Corona crisis, many companies are realizing that digitized processes do not only contribute to increase efficiency but is the key to survival. The speed with which companies have adapted to the pandemic measures and restrictions against the spread of coronavirus was largely impressive.

 

Even if the COVID-19 outbreak gets limited, things are unlikely to return to normal. Instead, companies are experiencing a forced acceleration in digitization. From storing documents, online-backups, workflow and document management to remote working, the possibilities are endless. The digitized work process is faster, more efficient and safer than offline options. The process of automation saves companies a lot of time and money. These changes are shaping the future of companies / industries for the long term. For instance, the increased use of teleworking and home office is the most obvious change triggered by the coronavirus outbreak and is becoming more normal today than it was a decade ago.

 

The Corona crisis showed that many companies are technologically pretty much up to the date, however it also reveals that there is still a big part of the homework to be done in terms of digitization. As hundreds of thousands of employees went through a dramatic shift from an in-office workforce to a remote workforce within a few days’ coordination processes had to be redefined and scalable application infrastructures were made available. Because while the purely technological transformation was already on the way in most companies, the forced switch to home office above all created a change in corporate culture. Without a doubt, the task of bringing existing systems up to date and integrating as many processes as possible into the digital infrastructure is a challenging responsibility.

 

Many businesses are accelerating their transition online to streamline the management and day to day running of operations. This shift is being powered not only by new technologies that allows companies of all shapes and sizes to be more strategic and efficient but also by covid19. This trend is set to continue as more businesses understand the benefits of digitalisation and preparing themselves to adapt to digital and contactless mechanisms for their business transactions. The companies which are adapting to this methodology are more likely to succeed in the new digital era of post-COVID-19.

 

The worldwide public cloud services market increased as the cloud helped companies cope with the corona challenge. Many companies were able to change their plans quickly because cloud technology enables direct communication from anywhere. Vice president at Gartner Sid Nag confirmed that the cloud responded to increased demand and catered to customers’ preference of elastic, pay-as-you-go consumption models.” The digital transformation saved jobs, slowed the spread of the virus, and allowed companies to maintain a level of normality in a chaotic pandemic situation.

 

As a conclusion we can say that in order to stay relevant, companies and industries need to know exactly where the business technology is headed and they need to be sure to stay on top of each shifting digital trend. Those who will embrace these technical advancements into their business structure will thrive, those who won’t risk being left behind the digital revolution. Executives must understand that with the right technology, culture, and expectations, home workers can be just as productive and effective.

 

 

Sources:

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