There’s no doubt that () is a transformative technology – perhaps even the most transformative technology available today.
There’s no doubt that () is a transformative technology – perhaps even the most transformative technology available today. But if you think the transformative nature of is limited to global tech giants and blue-chip companies, think again. is ultimately going to transform every business, in every industry.
Perhaps you read that last sentence and thought to yourself, well, not my business . My retail business [ or HR consultancy, B2B service provider, fashion design business, disaster relief charity, football club or whatever] has nothing to do with . I repeat, think again. Even if you can’t yet imagine how will impact your organisation, trust that, in the not-too-distant future, it most definitely will.
That’s why every company needs an strategy.
Like any business transformation, if you want to get the most out of , it all starts with strategy. Your strategy will help you to focus on your core business objectives and prioritise ways that can help deliver those business goals.
In general, there are two ways businesses are using to drive success: Creating intelligent products and services
Designing intelligent business processes
Let’s look at these two uses in a little more detail.
Intelligent products and services
is, at heart, about making machines smarter, so that they can think and act like humans (or even better). We need only look at the popularity of devices like smart phones, smart fitness trackers and smart thermostats to see how consumers wholeheartedly embrace products and services that can make their life easier, smarter, more streamlined, more connected.
So it’s no wonder that businesses are increasingly looking for ways to make their products and services more intelligent through . Google’s search algorithms are an obvious example of an -driven tool. Amazon’s is another. Social media platforms also rely heavily on .
Chinese company ByteDance is, at the time of writing, the world’s most valuable startup. If you haven’t heard of them yet, you soon will. ByteDance product TikTok was one of the most downloaded apps of 2018. (If you’re wondering, it lets users create and share short videos.)
Chinese company ByteDance is, at the time of writing, the world’s most valuable startup. If you haven’t heard of them yet, you soon will. ByteDance product TikTok was one of the most downloaded apps of 2018.[…]