Shep Hyken, a frequent contributor to the American Business Magazine Forbes, and successful Leadership Strategist, questions if the machine becomes so powerful that it begins to think to a point where it is more capable than the humans. In 1984 Orion Pictures released the ‘Terminator’ science fiction movie, which triggered the fear of machines taking over the world. This was followed by the 2004 movie I, Robot.

How many of you use Google Maps or use Uber for transportation or delivery of your favourite meal? Does your computer have a spam filter? Do you use a Plagiarism checker? How about Siri, Alexa, Bixby, and Cortana? Do you use a Smart watch?

We can only enjoy the above and many more technologies due to artificial intelligence. A.I. can be defined as intelligence exhibited by machines, which has many applications in today’s world. A.I. can help us with medical diagnosis, are an important part in electronic trading platforms, are required for robot control including remote sensing. A.I. is already well established in numerous fields and industries, including finance, healthcare, education, transportation, and more.

Since the development of computers, which are more powerful at giving us answers faster than the human brainpower, our fear of A.I. is growing. Let’s put our fear aside and have a good look at what A.I. really is, namely a very powerful business tool, which assists companies and consumers to get better experiences.

According to the IDC report, A.I. spending is expected to reach $46 billion by 2020 and there is no sign of the technology slowing down. Here are some A.I. benefits: Enhances efficiency and throughput,  frees up humans to do what they do best, adds jobs & strengthens the economy, enhances our lifestyle, supervises learning for telemedicine, increase automation, elevates the condition of mankind, solves complex social problems, improve demand side management, benefits multiple industries, extends and expands creativity. However, there are so many more benefits in using artificial intelligence in our world.

There are many ways Artificial Intelligence can help grow your business. I hope you enjoyed this article and if you’d like to learn more about this topic, just give us a call.

Synergy Consulting Australia provides a large range of business consulting services which includes 4IR, Legal, Accounting, Marketing, Project Management, Migration services and many more tailored business solutions. This also includes full market research and feasibility report before investing.

Synergy Consulting Australia is led by Ilona Solinska. Ilona has over 19 years of international business consulting experience.  She is a successful Business Growth Strategist, Educator, Keynote speaker, and Writer. Ilona has coached hundreds of businesses in the area of Marketing, Finance, Legal, Compliance, Operation, Change & Project Management and is a highly sought-after presenter on a wide variety of business topics.