In today’s digital age, adaptive artificial intelligence (AI) has emerged as one of the fastest-growing tech trends in the industry. This technology is being used by the U.S. Army for training and by individuals for chatbots, such as ChatGPT, making it a common part of our daily lives. In this report, we’ll first explore how adaptive AI is affecting organizations and then discuss the challenges presented to both businesses and consumers.
Adaptive AI for Businesses – The Future
Businesses are using adaptive AI to improve their efficiencies and bottom lines. Gartner predicts that “By 2026, enterprises that have adopted AI engineering practices to build and manage adaptive AI systems will outperform their peers in operationalizing AI models by at least 25%.” For example, Dow, a U.S. chemical and material manufacturer, is an early adopter of this technology and has achieved tremendous success with 320% increase in value.
Adaptive AI for Businesses – Challenges
However, there are also challenges associated with Adaptive AI. Cybersecurity is a top concern in the industry. Forbes reports that “76% of enterprises have prioritized AI and machine learning in their IT budgets to address these concerns.” Thus, businesses must stay vigilant about cybersecurity and continue to improve their security measures as AI continues to evolve.
Consumers are Concerned with AI
On the consumer’s side, a chart from Forbes shows that most consumers are worried about businesses using AI. This makes it important for companies to find a balance between using AI’s advantages and addressing consumer concerns.
Adaptive AI – Conclusion
In conclusion, adaptive AI is transforming the business landscape quickly, and it has significant potential benefits. However, businesses must also consider the challenges associated with the technology and address them to keep consumers’ trust. By using AI engineering practices and staying aware of cybersecurity, companies can take advantage of adaptive AI to achieve sustainable growth and success in the digital age.
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