Artificial Intelligence is often touted as a panacea for modern business challenges, but experts caution that its success depends more on its strategic use than just the number of tools available.
“Many companies assume that having plenty of advanced AI tools guarantees success, but experience shows otherwise,” said Ejovwoke Enakirerhi, AI researcher at RealSearch and Partners Inc., in an interview with Sunday PUNCH.
The crucial factor lies in clearly identifying the problem to be solved and selecting the appropriate AI tool for the task.
According to various sources, including Forbes Advisor Survey, Analytics Insight, Gartner, O’Reilly, IBM, Juniper Research and Gov.UK, more than 80% of companies have already adopted artificial intelligence technology to some extent in their operations.
With hundreds of millions of AI tools on the market, the abundance of options can be overwhelming. However, most of these tools may not be necessary to meet all business needs.
This awareness is vital in a landscape where AI is often seen as the inevitable future of business, according to Enakirerhi.
Human intelligence and creativity are essential to any business initiative, AI-driven or not. AI tools, no matter how advanced, are the product of human ingenuity and require strategic application to be truly effective.
The researcher said the power of AI is best harnessed through strategic thinking and careful selection tailored to specific business problems.
The path to success is to leverage AI as a complement to human expertise rather than relying solely on the technology itself.
“The appeal of AI is undeniable. Artificial intelligence technologies can increase productivity by up to 1.5 times across all industries. However, the majority of this projected growth depends on how you use AI strategically.
