Artificial Intelligence Doesn’t Just Cut Costs, It Expands Business Brainpower

Jurate Gulbinas   |   1 Feb 2017   |   2 min read

When the word artificial intelligence is thrown around in the business world many people think about all the jobs they will replace. The problem is that it has a legitimate purpose besides simply saving money. It can improve the brain power that a company can use to expand what it’s business can do.

Key Takeaways:

  • Let’s start talking about a more expansive view that looks at AI as a catalyst for new ways to build markets and drive new forms of innovation.
  • AI potentially will enable organizations to expand in ways that were unthinkable with sheer human brainpower, as powerful as that brainpower may be.
  • There are a million points in which machines could be making low-level decisions. But at first blush, mitigating human wages and human error rates is the main business case.

“AI potentially will enable organizations to expand in ways that were unthinkable with sheer human brainpower, as powerful as that brainpower may be.”

http://www.forbes.com/sites/joemckendrick/2017/01/24/artificial-intelligence-doesnt-just-cut-costs-it-expands-business-brainpower/

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Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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