In today’s digital landscape, organizations are facing increasing demands to do more with less, keeping expenditure at a minimum and efficient output at a maximum. In response, more and more enterprises are turning to artificial intelligence to bridge the gap. In fact, a recent report by Oracle revealed that 80% of brands either already use […]
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The number of job openings for data scientists is steadily on the rise, with IBM predicting a 93% growth rate in data science skills, followed by 56% predicted growth for machine learning skills. Without question, artificial intelligence experts, machine learning developers and data scientists are in high demand, and as that demand rises, the number […]
The enterprises of today are raising the competitive bar by leveraging various forms of artificial intelligence. From virtual assistants and chatbots to deep learning and intelligent automation, companies are transforming how they operate. Leveraging these advanced technologies successfully, however, requires that the C-suite plays a pivotal role in identifying opportunities, risks and challenges, in particular, […]
Making the transition from basic IT support to a full-fledged Managed Service Provider isn’t necessarily easy. There will inevitably be a number of obstacles to overcome along the way. Thankfully, many have gone before and essentially paved the way for newer players to enter the field. Learning in advance what challenges you can expect and the […]
The Free Trial Version Featuring an Enhanced Workflow Designer and AI-Powered Automation Engine is Now Available for Download from the Ayehu Website San Jose, CA –- October 16, 2018 – Ayehu has enhanced its Next Generation Automation and Orchestration Platform powered by AI. This latest release is designed to deliver IT and security operations teams […]
Intelligent automation is rapidly transforming the global economy, delivering momentous gains to enterprises that adopt it at scale. One recent article by McKinsey revealed that some organizations have been able to automate 50 to 70 percent of their workflows, generating ROI that reaches into the triple-digits. In addition to cutting costs, intelligent automation can also […]
Artificial intelligence has been around for decades, though it just recently became a hot topic in the business world. During this time, many individuals have confused AI with automation, sometimes going as far as using the two terms interchangeably. The reality is, while the general concept may be similar, the two are distinctly different. Furthermore, this confusion has led to a number of other myths and misconceptions. We’d like to clarify a few things, beginning with the difference between AI and automation.
Intelligent automation involves programming technology to perform routine, manual tasks based on a prescribed set of instructions. Artificial intelligence takes this concept several steps further by using intelligent machines which are capable of displaying human behavior, thought and decision processes. Where automation is essentially set in stone (unless manually modified), an AI machine increases its own intelligence and can adapt its actions automatically, based on information it receives.
From a business perspective, artificial intelligence has the power to help organizations make more informed decisions. It can extract valuable information from mountains of data, analyze and organize it in a logical manner and essentially close the gap between insight and action. Given its complexity, however, AI is still often viewed in a negative light. To change this, we’d like to dispel three of the most common misconceptions as follows.
Artificial intelligence is a distant dream.
Many people believe that AI is a technology that won’t be readily available and practically applied until many years into the future. The truth is, widespread adoption of AI, both in our professional and personal lives, is much closer to becoming a reality than you may think. In fact, given that so many organizations across all industries and around the world are already employing automation to some degree, the idea that AI could be worked into the mix isn’t all that far-fetched.
Artificial intelligence isn’t really going to make that much of an impact.
The idea that AI is somehow inapplicable in the business world stems largely from the technologies complexity. People tend to discount things they have difficulty understanding. The reality is that AI is not only practical for business use, but it’s incredibly beneficial. The machine learning component of AI means that computers will have the ability to learn without the need for programming. It also has the capability of mining and analyzing big data to extract valuable insights which can then be put into action to achieve better results. These are things every organization can benefit from.
Artificial intelligence is going to eliminate the need for human workers.
While it’s certainly true that AI will make human workers redundant to some degree (think routine, repetitive tasks like reporting and data entry), this technology will not fully replace humans. This is particularly true in certain fields that require high-touch interactions, like HR, health care and consulting.
Likewise, while intelligent automation will streamline and optimize operations for many organizations, it cannot and will not replace the need for the development and nurturing of customer relationships. AI can, however, leverage data to provide human workers with the insight they need to deliver better, more personalized service.
And because implementing and managing new technology will always require some degree of human input, new roles and responsibilities will naturally evolve, which means that for many, AI will present great opportunities.
Like it or not, AI isn’t going anywhere. In fact, according to IDC research, worldwide spending on artificial intelligence is expected to reach $19.1 billion this year – an increase of more than 54% over last year. By addressing and overcoming the biggest misconceptions about AI, companies can harness the power of intelligent automation to streamline operations and provide competitive advantage.
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Intelligent automation offers a variety of benefits to organizations, including improved efficiency, enhanced productivity, greater accuracy and output and an overall cost savings. For companies that have yet to employ this technology, however, the biggest hurdle to overcome in doing so is often resistance from employees. For some, this contention comes from fear of becoming […]
In a recent survey conducted by IDC, 45% of CIOs and senior IT executives stated that one of their top three objectives is to “create competitive advantage for the business.” Today’s IT leaders are, perhaps more than ever before, being asked to deliver more. More reliability. Faster responsiveness. Greater flexibility. They are expected to leverage digital transformation to create disruption. And they are expected to do all of this while keeping financial impact at a minimum.
These IT leaders find themselves facing quite the challenge: finding a way to continuously innovate in the face of increasing budgetary restraints. The good news is, with the right strategy, this is – indeed – possible. Here’s how.
Leverage Your Data
Today’s forward-thinking organizations are increasingly driving business value and seeking to achieve competitive advantage through deeper data insights. This enables business leaders to uncover hidden value in existing services or products. With the right approach, innovation doesn’t have to be expensive. Simply prioritize the results of data discovery in order of those initiatives that require minimal risk and investment but have the potential for high returns.
Ultimately, the key to innovation lies in having a data-oriented mindset. Initiatives that focus on reducing costs and streamlining processes can be successful, but only when the right data is being used the right way to facilitate better decision-making. The ability to rapidly execute on those findings is also important.
Review Risks and Seek Out Greater Efficiency
Another critical key to cost-effective innovation is risk analysis and efficiency planning. Review the risks the business has and assess the impact and likelihood those risks may have on customers and operations. From there, you can prioritize and monetize, making more informed decisions about which areas budget cuts can be made while still meeting business needs.
Budget cuts enable business leaders to focus their efforts on maximizing efficiency. Establishing leaner teams, optimizing process management and improving the effectiveness of certain key elements, such as data storage, can all result in a better product or service at a lower cost. And, of course, adoption of technologies, such as intelligent automation (which we touch on in greater detail below), to help streamline processes and maximize efficiency.
Optimize, Optimize and Optimize Some More
The most innovative organizations – especially those on tight budgets – make a concerted effort to continuously optimize ongoing operations and costs. It’s never a “set it and forget it” kind of thing. It’s a never-ending battle – one for which technology can provide a leg up.
IT leaders must take advantage of targeted applications and cloud opportunities to extend and enhance their core capabilities. By leveraging the power of tools like artificial intelligence and machine learning, operations can be fully optimized. Not only does this create a more productive, efficient work environment, but it also frees up human workers to apply their creative, cognitive skills toward innovative business initiatives.
According to Gartner, 90% of the IT budget is currently consumed by the support of legacy systems. These costs can be dramatically lowered through IT optimization. Adopting the right technologies – preferably ones that seamlessly integrate with legacy systems – can reduce expenditure, improve customer service and provide distinct competitive advantage. At the end of the day, innovation takes funding and resources. IT optimization can free up both.
Looking for a platform that can bring your legacy systems together, improve efficiency and help you harness the power of data for better decision-making support? Ayehu offers all of this and more. Experience it for yourself. Request a live demo today and get your organization on the path to affordable innovation.
As any IT leader will acknowledge, attracting top talent is only half the battle. It’s keeping them on that’s the real challenge. And with an average employee tenure of only about 3 years, it’s a serious concern for many organizations across the globe. Add in the complex, fast paced and highly stressful role of IT and you’ve got quite the conundrum. So, what’s the secret? How can you keep your talented employees on for the long haul? Here are 7 tips to point you in the right direction.
Keep them challenged. The last thing you want is for your IT personnel to become bored and stagnant in their current positions. Avoid this by investing in ongoing training, setting up mentoring programs, and offering opportunities to learn about and master new strategies and technologies. The more you keep your IT employees engaged and involved, the less likely they’ll be to look elsewhere.
Rotate project time. Being stuck on the same project day in and day out can lead to fatigue and frustration. Consider rotating employees onto various IT projects so that they don’t feel stuck. This will provide exposure to and the opportunity to learn about new skills and also open up the door to be able to approach long-term projects from differing perspectives – both of which can benefit your organization.
Give them the tools they need. These days, keeping up with the onslaught of incoming requests is nothing short of exhausting. Don’t leave your IT personnel out to dry by making them handle this monumental task manually. Arm them with the technology they need to do their jobs better, faster, more efficiently and more effectively, such as IT automation.
Provide a safe place to vent. Without question, the job of keeping an entire organization safe from the potentially devastating financial and reputational damage a successful breach can have is incredibly stressful. Additionally, IT personal often feel tense due to the amount of classified and confidential information they are entrusted with. Provide an opportunity and a secure avenue for these employees to vent their feelings.
Encourage time off. Everybody needs a little down time, but given the fast-paced and highly stressful field of IT, these employees could probably use some time off more than anyone else in your organization. This is where technology can help. By automating a good portion of tasks and leveraging the cloud to embrace more flexibility, your team can take the much needed time off they deserve without the company feeling any negative impact.
Use realistic metrics to measure success. One of the biggest reasons IT professionals find themselves dissatisfied at work is because they feel they aren’t being adequately recognized. This is often due to a lack of clear and specific metrics for success. Management should set realistic expectations, communicate openly and routinely measure progress. Good work should be rewarded and areas of improvement identified and addressed in a positive, productive way.
Empower them. If your employees feel that their only option is to come in every day and put in 10-12 hours of labor, they’re not going to develop any kind of connection or loyalty to your organization. On the other hand, if they know that the work they do plays a direct role in the “big picture” and that their achievements are tied into the company’s overall success, they’ll be much more plugged in, which means they’re more likely to stay on for the long haul. Empower them by inviting ideas and encouraging autonomy.
Are you doing enough to keep your IT personnel satisfied, engaged and plugged in? If not, you could be facing higher turnover, which can negatively impact your company’s bottom line and also leave you more vulnerable. By implementing the above tips, you’ll create a more positive work environment that fosters longevity. Happy employees will work harder to ensure that your organization remains strong, secure and successful.
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