Many companies believe that artificial intelligence (AI) can help them reduce the size of employees, and nearly half of IT leaders don’t want to pay extra for AI features. This mindset is shaping how businesses use AI, but it also brings challenges.
Right now, most companies are using AI to work with employees in the most effective and efficient ways.. While some businesses use AI to improve customer service or generate new ideas, less are using it to increase revenue or speed up product development.
For many organizations, making employees more productive ultimately means reducing the number of employees. More than half of IT leaders in the survey think Ai will replace the worker soon. This belief goes against the statement of some AI experts that AI are there to assist the worker to do the job in an efficient way, not to replace the worker.
It makes sense that businesses want to save money and work more efficiently with AI. But there is a contradiction in how they see AI. On one hand, they believe with the help of AI the worker will be more productive but on the other hand they think that it can replace them. This way of thinking could backfire in the long run. Companies that cut jobs too quickly might lose high talent, create a stressful work environment, and even face legal or ethical issues.
Cheney Hamilton, a research analyst at Bloor Research and CEO of Find Your Flex Group, warns that companies should focus on a wide range and also suggest utilising AI in different sectors rather than using only as a cost saving tool. While it’s true that AI can improve efficiency, its true power lies in changing the way work is done. AI can help businesses discover new ways to operate and grow.
Some companies use AI in simple ways, such as helping employees work more efficiently and improving customer support. AI can also be a tool for innovation while making employees more productive. For example,sales teams can use AI-powered tools to research customers before contacting them.This not only helps them but also saves time and helps them to improve their thinking in a new way.
The survey also shows that IT leaders don’t agree to pay a high amount for AI. About 45% think AI should be integrated with their existing technology and which will be available without cost., while 42% are willing to pay extras for this feature.. Many IT leaders are worried about unpredictable costs, which do not allow them to shift in a fully fledged way to it AI.
Experts have different opinions on whether AI should come with an additional cost. Hamilton warns that AI isn’t just another software feature—Iits a big evolution in working industries She advises businesses to be ready to pay for AI solutions that truly help them instead of expecting AI to be added for free.
Many IT vendors charge extra for AI to recover their investments and ensure ethical and responsible use. AI tools need a daily basis monitoring for effective uses, according to Kathryn Wifvat, a data science professor and founder of EdTech company Nuubi. While some AI features are available free of cost some need charges. However, since AI helps employees work faster and smarter,businesses will get a return on their investment.
On the other hand, Richards believes IT vendors will not be able to compete in the market if they charge extra for AI I. while AI features are high cost but it’ll be reduced over time. Additionally it will be a standard part of IT solutions without additional charges. Companies building AI will need to find ways to make it more affordable.
The Foundry survey reveals that 95% of IT leaders are increasing their use of AI, and almost 90% have already invested in it . More than half plan to increase investment on AI infrastructure, although that’s slightly lower than last year’s numbers.
However, implementation of AI is not easy. About 98% of IT leaders stated that they are facing issues for adoption of AI. Some of the biggest issues are lack of in-house expertise, difficulty proving AI’s value to the business, and competing priorities.
With all these obstacles still AI is becoming a key part of business strategy. Companies that see AI as more than just a way to cut costs will benefit the most from its potential. The real opportunity of using AI is to create new ways of working, drive innovation, and improve overall business growth. Companies that work fully flagged on AI will be better positioned for the future.
