Artificial Intelligence: The Next Tech Bubble or the Changing Face of Technology

Did you know that five of the biggest tech giants viz. IBM, Microsoft, Google, Facebook, and Amazon have recently formed a partnership for the research and development of Artificial Intelligence?

And these market leaders form just the top of the cream. Thousands of startups like Kwiziq, JamieAI, and Verv are blooming across the globe, investing in the development of upcoming AI era. So what is it that all these businesses have found in the potential of this technology that is driving them to hustle? And more importantly, why is it important for your business to participate and adapt to this futuristic technology?

More efficient digital assistance

Machines have since the beginning set themselves as important because of their ability to enhance human efficiency. Let’s just assume what change in efficiency can be brought upon when these machines become actually intelligent; when they can make best possible decisions on their own, without being affected by the limiting constraints of human beings? There will be fewer errors, less unpredictable problems, and fewer delays, all of which will have a cumulative effect on the overall efficiency of any system.

Digital marketing at its best

Many companies are already in the process of garnering the potential power of artificial intelligence and are working with intelligent chatbots to enhance their marketing efforts. It is no wonder they have taken this route. Chatbots and other similar AI marketing solutions can take digital marketing to its extreme, where you can solve the queries of your potential customers, create interactive marketing campaigns, and resolve many repetitive and monotonous tasks without having to invest in multiple resources.

Limitless exploration

When it comes to exploration, biological boundaries of humans have always been considered as the biggest limitation. And it is not just the biological needs that have kept us from exploring inhospitable environments of space or underwater. These limitations are also in the form of our sensory perceptions. There are many wave patterns and frequencies that humans are simply unable to detect, this is why machines like the thermal camera that detects infrared waves have become so important for the seamless exploration even of our immediate environment. Machines with artificial intelligence can remove all these problems with a single stroke.

Wide application scope and new opportunities

As opposed to the most recent technological developments, AI becomes more desirable because of its far-fledging application. Since most of the present technological advances are limited to the technological ground only, the field was losing its significance in other spheres of life. But with AI, such is not the case. Its potential has made it a most sought-after invention in the areas of medical science, financial systems, air transport, heavy mechanical industries, and even art.

Transitional Shift

Unlike social media, AI is not a booming phase. It is the development of a completely new ecosystem that will change the technology as we know it today. There is no limit to what the future may hold when we come to the peak of AI development when intelligent machines will be working without the biological constraints of human bodies. It will continue to evolve at an exponential rate, solving perhaps, some of the most profound mysteries of the universe.

At present, even with all its advancements, AI can still be considered in its newborn stage, and for all those businesses that aspire to survive and thrive through this transitional shift, it is extremely important for them to adapt.

Cloud Computing: What’s Holding You Back?

The fastest growing SMBs have embraced the Cloud as a method to address four main IT Challenges:

High capital costs;
Skill shortage;
Scalability as the business grows, and;
Innovation as the business matures.
Results are positive. Surveys indicate that:
53% of SMB’s using cloud technologies are more likely to experience a rise in revenue.
85% of businesses believe the cloud-enabled their business to scale and grow faster.
Organizations are finding that Cloud computing provides immediate access to the tools needed to digitally transform their business and improve customer experience.
Many businesses are still reluctant to make the move to the Cloud despite these advantages. The reluctance to migrate is particularly evident in Western Canada, where we’ve seen cloud adoption be approximately 25% less than the rest of Canada. So, what’s holding you back?

Security Exposure

Security is cited as the number one objection to Cloud for 49% of organizations (IDC 2017). Should you be concerned? The security investments made by the major Cloud providers is significant and has created cloud platforms in which security breaches, due to vendor error are rare. In fact, the Cloud has proven to be more secure than most non-cloud environments.

Network Response

A key detractor to cloud for customers in Western Canada is the worry that network connectivity will be insufficient to provide the type of response time and security that end users are accustomed to. With the major public Cloud providers located in Eastern Canada, it is understandable that network connectivity options should be well understood before proceeding. Several networking options exist to address the need for high bandwidth, security and connectivity to Cloud, including solutions based in Saskatchewan.

Service Availability

Service availability, including response time and user downtime, is a concern due to the perceived loss of control over the computing environment. To mitigate this concern, public Cloud vendors provide service levels for all their products with financial credits provided if they are not achieved. The robust engineering of the Cloud environment is such that high availability is consistently achieved. In a worst-case scenario, organizations can further protect critical applications by configuring them to automatically failover to alternate data centres should a Cloud data centre go offline.

Cloud Costs

There is a general perception that services in the Cloud are more expensive than in the non-Cloud environment. This is often raised when the comparison between Cloud and non-Cloud platforms does not accurately reflect all the costs that make up the non-Cloud infrastructure.

With all the non-Cloud costs in the table above considered, there’s an almost 50% reduction in support and maintenance costs when the Cloud is chosen. When doing a financial comparison or Cloud ROI, it’s also important to take into account the increased revenue that will take place as you drive your digital transformation results using Cloud services.

Getting Started

It can seem daunting when trying to decide how to get started. The best place to start often with consulting a trusted partner with experience in Cloud migrations. Cloud migration requires skill and experience; often organizations who tackle this transition by themselves find it difficult and time-consuming.

If you want to know how to get started but aren’t sure where to begin, reach out and let’s grab a coffee. We can discuss your particular needs and help define a path forward for your organization to embrace all that the Cloud has to offer.