The AI revolution is upon us. Now, to stay competitive, bringing artificial intelligence (AI) into business operations has become more important than ever.
But with so many organisations in a struggle to find the right talent and skills to make AI work, taking part in this digital-driven landscape becomes a looming challenge.
According to a study by PwC:
- 98% of business leaders believe that AI will be important to their companies’ growth,
- yet only 48% have implemented AI in any form.
While there’s a strong movement towards AI, there are still ongoing challenges that companies are facing. Especially when it comes to adopting and integrating AI.
One major challenge is the lack of employees
This includes finding the necessary knowledge and experience in workers to implement and maintain AI systems.
A study done by SAS, found that 63% of respondents claim that their largest skills shortages are in AI and machine learning. This is particularly true for small and medium-sized businesses, which often lack the resources to recruit and train specialised staff.
This skills shortage has come to also affect the recruitment requirements of these companies. Employers are more likely to consider case studies and project work (74%) and other relevant training (71%) over a degree.
Many companies don’t fully understand the technology.
This includes utilising the potential of AI due to a lack of understanding of the technology.
They may be using AI in a limited capacity, or not at all, as they can’t properly identify the best ways to apply it to their specific business needs.
A survey by Accenture found that while 90% of executives believe AI will play a significant role in their industry, only 20% have a clear understanding of how to use it.
So how do businesses overcome these challenges? It’s simple. Businesses need to look for solutions that can help them build the necessary skills and expertise to make AI work within their organisations.
One promising Solution is to seek external help.
By partnering with external providers to develop and implement AI solutions, businesses are more likely to see a positive impact on their bottom-line.
External providers, like specialised AI consulting firms, bring a level of expertise and experience far more effective than in-house teams. They can:
- Help organizations identify the best use cases for AI,
- Develop solutions that align with their business objectives, and
- Measure the impact of their AI initiatives.
To top it off, external providers offer specialised skills that can be difficult for in-house teams to develop. Especially concerning data engineering, machine learning engineering, and cloud adoption. These specialised skills can help organisations implement AI solutions more efficiently, reduce costs, and improve performance.
However, it’s important to note that the success of an AI project depends on many factors, including the quality of data, the goals of the project, the expertise of the team working on the project, and the company culture.
That’s where we come in.
As an AI-enablement consultancy that specialises in Cloud, Data, ML and Software engineering, we have the perfect selection of services to help businesses implement and optimise AI systems. Which includes expert consulting, training, and support.
With teams of experienced professionals, you’re given access to the knowledge and skills needed to help businesses understand the technology and apply it to their specific needs.
It gives you the opportunity to take full advantage of the latest advancements in AI. Without having to make significant investments in staff and resources.