Artificial intelligence entails the evolution of computer systems to perform tasks, typically requiring human intelligence. Often, businesses look for avenues to put artificial intelligence (AI) technologies to work to help achieve their bottom lines.
AI in business helps eradicate human error and improves efficiency—with the tool affording the entities the ability to devise decisions based on machine learning informed by previous records and data.
Regardless, it is vital to have a clearly defined framework before you invest in an AI firm. While there is improved efficiency, AI also has the potential to disrupt a variety of industries. An appropriate example of this concern is in the case of automating business analytics and intelligence.
Read on for a more detailed analysis of some significant limitations of AI.
One of the significant barriers to implementing AI is the availability of data. AI learns from a set of collected data. Conversely, the larger the architecture, the more data you need to produce viable results. Primarily, if you're to feed a model with erroneous information, the same data inaccuracies will equally reflect in the outcome. Subsequently, where data is inherently inconsistent or of compromised quality, it presents challenges for businesses looking to create value from the AI.
How do you overcome such a concern? Have a distinct approach from the outset when you're sourcing the data that your AI firm will require. Additionally, a good Artificial Intelligence firm will ask to sample datasets and try and mitigate data limitations as much as possible.
Another key roadblock to AI adoption is the shortage of skills and, likewise, the availability of technical staff with the optimal experience/training necessary to effectively deploy and operate AI solutions. Research suggests experienced data scientists are in short supply as are other specialized data professionals skilled in machine learning, training good models, etc. The process of collecting samples and classifying them is painstaking and can be prone to error. Else, the duration of software development may also take long besides being costly. Using a website like WhatBench to help find you AI firm is the first step in overcoming the lack of experience with AI. Use our consolidated reviews to find an artificial intelligence firm who can handle your project today!
A key consideration with procuring AI technologies is cost. One of the main disadvantages of AI is the cost incurred to repair, maintain, and upgrade. After investing in the initial program development, you still have to make budgetary provisions for updates, servicing, and also prep your IT infrastructure for the incoming programs.
Accordingly, you also have to consider the computational cost for onboarding the data models, which cumulatively add to the expenses. A good AI firm will be upfront with initial and ongoing expenditures that may be associated with your project.
Although computers can store massive amounts of data and perform repetitive tasks without mistakes almost indefinitely, they don't genuinely evolve through experience. Basically, what does this mean? The tools can only accommodate the functions their programming allows. Whereas humans can unravel an issue through lateral thinking, you may find AI-based systems falling into a loop or stopping altogether. Consequently, they may fail to resolve the particular business-related problem.
Considering that AI is software, they are vulnerable to malicious attacks—just like any other computer program. Machines can open a business to data security concerns. More so, with cybercriminals increasingly finding more advanced ways to compromise AI systems and ultimately access sensitive data. This challenge can lead to disruption or a complete shutdown for any business.
While we’re excited for Artificial Intelligence to develop and further integrate into businesses, we still have limitations to the software that can be mitigated, cannot yet be overcome. To be sure you’re avoiding these pitfalls with artificial intelligence, it’s important to hire the top AI firms when developing new AI systems. Find some of the top firms in artificial intelligence on WhatBench today!