| |December 20199THE PRESSURE ON BUSINESSES TO REDUCE TIME TO MARKET NEW APPLICATIONS AND SERVICES IS INCREASINGin turn guide corporations of suit-able actions that must be taken.2. Rebalance the cyber warfare: Humans just can't keep up with the rapidly growing challenges inher-ent to enterprise cybersecurity. AI and automation will become nec-essary to automate the detection of, prevention of and response to security breaches or performance anomalies or vulnerabilities. 3. Aim for Operational Excel-lence: The pressure on business-es to reduce time to market new applications and services is in-creasing. Not only this, they are also overwhelmed by the volume of their operational systems, and its distributed nature ­ which has accentuated the challenge for IT teams to prevent catastrophic fail-ures, yet optimize enterprise sys-tems. With AI, you will be able to automate various monitoring and control requirements that are es-sential to continually enable new levels of optimization and keep enterprise systems running at their best.4. Uplift Business Perfor-mance: Embedded AI capabilities within core business applications such as human capital manage-ment (HCM) or supply chain management (SCM) or enterprise resource planning (ERP) or sales & marketing can enable business-es to make their decision-mak-ing processes more efficient and simpler. 5. Create Conversations from Chat: As new AI enabled platforms get introduced into businesses, they are making it quick and easy to build and train Intelligent Bots without the need for specialist AI skills, making it a great place to get acquainted with AI. For ex-ample, Bajaj Paddy', the bot that pops up on the Bajaj Electricals' website, is powered by Oracle. The company is using the chat-bot to address customer queries better and faster. Bajaj Electricals is now thinking of extending the chatbot usage for employee self-service and other internal purposes as well.In summary, there is no doubt that AI will be an increasingly im-portant element for businesses. The longer you wait to make a de-cision, the farther your competi-tors will move ahead. Act now and assess how you can embed AI into your business to avoid being | outraced!
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