Virtualization and Cloud executives share their predictions for 2017. Read them in this 9th annual VMblog.com series exclusive.
Contributed by Ronen Schwartz, SVP and General Manager, Data Integration, Big Data and Cloud at Informatica
Relax, AI will not replace jobs in 2017. It will up-level them.
There
is no doubt that artificial intelligence (AI) will infiltrate all industry
verticals (and business processes) in 2017. In fact, AI is projected to
grow to become over a $5 billion market by 2020. Data is behind this
unavoidable AI phenomenon and momentum. Big data, and big data generated by
devices in real-time, are driving this new and increasing demand for machine
learning and AI.
However,
although almost everyone is familiar with the term "artificial intelligence,"
it has become a mystified buzzword. The Merriam-Webster dictionary definition
of artificial intelligence reads, "The capability
of a machine to imitate intelligent human behavior." However, there
is a common misconception that defines artificial intelligence as "machine learning that replaces intelligent
human behavior." There's another common misunderstanding - and corresponding
fear - that AI technology will replace jobs in 2017. Do not fall victim to this
fear - AI will not take away your job, at least not in 2017. Here's why.
AI will not replace human jobs -
it will change their role by empowering employees to be data-driven.
In
many industries, AI is up-leveling human
positions instead of replacing them.
How? AI enables employees to stretch from the role of a "worker bee," working
based on instructions, into a data enabled decision maker leveraging
data-driven, business strategy frameworks. For example, AI increases the number
of people that can define their data analysis and reports, that have access to
summarized data without a need for a reporting expert to work on it. AI and
machine learning will reduce the time it takes for employees to pull insight
from data by 50-80 percent. This dramatic, AI-enabled efficiency improvement
will allow employees to handle growing demand for insight and give employees
more time and resources to develop actionable (and valuable) business insights
- instead of burning through hours and resources to complete mindless number-crunching
and reporting tasks. By leveraging AI and machine learning in 2017, businesses will
be able to predict, respond and react to changes and events much faster than
ever imaginable and in all levels.
The customer service industry is positioned to benefit the
most from AI in 2017.
In
the next year, AI will transform customer service as we know it - for the
better. Today, automated customer service processes are not flexible enough and
not tailored to individuals. This model, as you may know from your own personal
experiences as a customer, can often generate frustration. Advanced automation,
customized to the customer, time and place will enhance the experience and
address customer satisfaction.
Within the customer service market, AI will usher in
a dramatic increase in workers who are basing work more on data, rather than
experiences and feelings. These employees will know the customer better than ever
before. They will leverage the hard data around customer behavior and predict his
or her future needs.
When
leveraged strategically, AI will simultaneously simplify business processes and
help businesses be more productive and collaborative, while improving customer
experiences. However, to be strategic, it is imperative that the raw customer
behavior data for customer services organizations is accurate and unified.
Also, AI and machine learning analytics need to be put into the hands of the right
people, reports and applications within customer service companies in order to
make the data actionable (and monetizable).
Looking beyond 2017 - what's next?
Now
that I've hopefully squashed your fears of a robot replacing your job next year
- let's look ahead a little bit further. Within the next five years, data
experience will hold equivalent value as work experience. This means employees
will not need as much industry-specific work experience if they can leverage
data strategically within their role.
However,
before we get too far ahead of ourselves, let's put our focus on the ways that
AI and machine learning will up-level roles - specifically in client services -
in the year to come.
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About the Author
As SVP and General Manager of Data Integration, Big Data and Cloud at Informatica, Ronen is responsible for product strategy, product management, strategic ISV partners and go-to-market for Informatica's core Data Integration, Cloud Integration and Big Data Management.