The role of artificial intelligence in digital transformation.

Today’s businesses need a ton of information, analysis, and market studies to make the best possible decisions.

The most crucial skills for the labor market of today are digital ones, which require constant reskilling. By 2022, the World Economic Forum estimates that at least 54% of all workers will need to upgrade their digital skills.

To enable data analysis and predict the future for efficient decision-making techniques, organizations use AI tools on a bigger scale. A PwC study found that 86% of people consider AI to be a common technology. This is due to AI tools have developed into a driving force for technical advancements including Machine Learning (ML), Predictive Analytics, Natural Language Processing (NLP), Data Labeling, and many more. (see the concepts in our library/Artificial Intelligence – General Description)

Every firm can benefit from using AI tools to increase revenue; for instance, it can assist organizations to find their weak points and make precise forecasts about competitors, market trends, and prospects. AI decision-making is superior to human decision-making in that it is devoid of bias and emotion.