It’s the start of a new year and we find ourselves wondering what the next 12 months has in store for us all, at both home and work. We live at a time of rapid and radical change, which is both exciting and scary, to varying degrees. Last year, it seemed that every day we read about a new app, platform or disruptive, digitised service that would dramatically alter our lives for the better. And, as it is with all new innovations, some did, but most didn’t.
Early each January, the Consumer Electronics Show – ‘Live from Las Vegas’ – is the only place to be if you want to discover what new inventions their sales-pattering inventors predict you’ll be using sooner than you could possibly imagine. And, according to many articles in the tech press, 2019 will be the year of Artificial Intelligence (AI). By now, most of us have heard of AI, even if some of us don’t completely understand what it is and does. We believe there’s no better time than today to learn about the full capabilities of AI and how it can make your organisation far more efficient.
As a company that works with AI applications on a daily basis, we predict that AI’s impact on our professional lives is at a tipping point and we’re likely to see exponential growth in its quantifiable, understandable usefulness. We’ll go even further and predict that, in 2019, the way AI captures our data, interprets its relevant information and then implements new and improved processes will add value to many of Australia’s visionary industries.
Perfekt has partnered with Hitachi Vantara to harness the power of AI and provide a Analytics Platform as a Service to our clients. This enables these companies to maximize the inherent value AI has to offer, as they quickly move along their own pathway to a Data-Driven Evolution. So, what do AI-Powered Predictive Analytics look like in practice?
When AI is deployed correctly, it results in a data maturity development process that iteratively adds business value at each point of your operational evolution.
Within today’s digitised organisations, there are often multiple operational systems, many of which create their own data siloes. (And the greater the size of your operation, the more likely it is you’ll have more of these data siloes, with varying degrees of data quality). To make full use of the data within these siloes – and to check the integrity and trustworthiness of the information – the data needs to be cleansed and then blended with all other data to provide you with a de-siloed and holistic operational view.
This in itself is a massive boost to productivity and, of course, your profitability because accurate human analysis of your whole operation becomes possible for the first time. The level of detail this process provides, and improves upon with every iteration, delivers valuable waypoints in the Data-Driven Evolution towards AI.
We expect your company is already using some advanced data science models in an effort to develop a range of business improvements. These models include: predictive analytics; event correlation; root cause analysis; most efficient path definition; deep neural networks; digital twins and many, many more.
If you’re using a combination of these data science models, it means you’re already able to automate operational efficiency improvement through an integrated collection of proven and tested models. This scenario is the closest we have to Artificial Intelligence today but this can be challenging to implement. The AI-Powered Analytics Platform as a Service that Perfekt and Hitachi Vantara are now offering seeks to mitigate these challenges and manage the process towards true AI in a timely and efficient manner.
If you’re interested in learning more about the power of AI, our recent whitepaper
No matter which point you are on in your own Data-Driven Evolution, our prediction for 2019 is that Perfekt and Hitachi Vantara will help you get your company to the next level, which you’ll see is a street paved with gold.