Post-pandemic research shows higher expectations for artificial intelligence to help companies make profits based on the positive results observed in 2020. (Credit: Getty Images)

By AI Trends Staff

Artificial intelligence receives good reports from recent post-pandemic research, and artificial intelligence is now expected to streamline processes and help create new products, services, and business models.

Artificial Intelligence in the Post-COVID-19 World Report GBSN Research found that three-quarters of business leaders have a positive outlook on artificial intelligence. Another report by management solutions provider OneStream found that the use of artificial intelligence tools, such as machine learning, has risen from 20 percent of businesses in 2020 to nearly 60 percent in 2021, according to the 2000 account. VentureBeat.

Supply chains across all industries are increasingly diverse and digital, and AI-based management solutions help provide comprehensive visibility to enable organizations to seize opportunities. For example, Alaska Airlines uses an artificial intelligence-controlled flight management system that can compile and analyze data much faster than human operators. The airline uses this information to reduce flight times, minimize delays and reduce costs. An artificial intelligence system helps human job brokers in their work and does not replace them.

Rashesh Jethi, former director of design and innovation at Amadeus

“What allows airlines, hotels and other travel companies to behave more than today’s retailers is the intelligent use of self-study systems, massive data set-trained heuristics and haptic video equipment,” said former senior vice president Rashesh Jethi. Department of Technology and Innovation for Amadeus, a travel technology company. “Machine learning, artificial intelligence, augmented reality, and virtual reality are beginning to dramatically reshape the way we seek and choose our travel experiences,” the independent Jethi now stated.

The top are optimistic about the economic recovery

In addition, CFOs and other CFOs are optimistic that the economic recovery is on the horizon, with 75 percent saying they are expected to return to normal by the end of 2021. Corporate Finance Decision Report booked OneStream, a provider of enterprise management solutions for medium and large companies. Companies have significantly increased investment and use of data analysis tools over the past year, the report found.

The study was conducted by Hanover Research in April 2021 and received insights from 340 fiscal decision makers in the United States, Canada, and Mexico. All individuals have financial management leadership roles (C-level director (CFO), executive vice president, director, controller). Respondents work in companies in several industries; 24% are from companies with annual sales of more than $ 1 billion.

The study found that the COVID-19 pandemic increased the need for agile forecasting, proactive planning, and digital change. The ability to anticipate budgets quickly and shift workflows became more important.

The 2021 report found that CFOs have significantly increased their investment in data analysis tools. About 59% reported investing in artificial intelligence; 65% increased the use of cloud-based planning and reporting systems; most companies (69%) use low code development platforms. They allow business users and “civic developers” to take on new roles. For employees returning to the office, investment in data protection tools, of which 18% have reported, is a priority.

The commitment of leaders facing artificial intelligence to challenges

Management optimism was also observed Artificial intelligence in the COVID-19 post-world report AI magazine, 72% of executives interviewed online in July and August 2020 experienced a positive role for mental health with artificial intelligence in the future, and the first expectation is that it will make business processes more efficient (74%).

Challenges mentioned by respondents included: 59% lack of commitment to investing in artificial intelligence at government level; the inclusion of old processes and technologies that do not support artificial intelligence, 50% of which are mentioned; and the workforce lacks relevant skills, mentioned by 48%.

“Many of the holds we saw before the pandemic still exist, and key issues include a lack of support at the government level, old technologies, and an underrepresented workforce,” said Tom Allen, founder of The AI ​​Journal.

The report proposed these solutions to the challenges facing artificial intelligence:

  • Training;
  • Positive communication campaigns;
  • Focus on ethics and regulation;
  • Government support;
  • Focus on improving legacy systems; and
  • Increase the supply of support communities for AI developers.

Entrepreneur Ben Lamm provides post-pandemic forecasts

Ben Lamm, Founder and Board Member, Hypergiant

Hypergiant founder Ben Lamm has recently presented post-pandemic predictions that have guided NASA, the Air Force, Apple and Twitter organizations on how to use artificial intelligence to bring about intelligent change in the account. Entrepreneur. They contain:

The letter I.increased focus on space exploration (and earth protection). People are designed for Earth – our focus on space exploration emphasizes that organisms are connected to the planet where they were created, “he said.” Space exploration is important because it helps us uncover new technologies, ideas and practices that will improve life on Earth.

We are investing in a safe time. “The investment focuses on the predictable. It’s a good time to raise money if you’re an entrepreneur, ”he said. We know we have a vaccine and not everyone takes it; Investors believe it is a safe time to invest.

The role of data in everything explodes. “Demand for data is advancing 10 times faster this time, ranging from contact services to monitoring, tracking and analysis, ”Lamm said. The sources of this information growth are terrestrial distribution technologies that combine with satellites. Related startup is Isotropic systems, which develops advanced multi-year connectivity with a single antenna. “As the need for information grows, so does the space industry, as more suppliers are needed to solve ground-based problems,” Lamm said.

Productivity with artificial intelligence will be king.The more artificial intelligence models we make and have in production, the better our ability to scale the deployment of artificial intelligence and learn from the use of artificial intelligence, ”Lamm said. The combination of hybrid and teleworkers means decentralized units characterized by intermittent communication, allowing each individual, team, or group to better set their own direction. “Office asynchronization is the key to this. The work becomes more independent, personal and flexible – if we do it right, ”Lamm said.

Read source accounts and information VentureBeat, Corporate Finance Decision Report, AI magazine and in Entrepreneur.

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