The next evolution in artificial intelligence is taking shape, as the concept of ‘One AI’ gains traction. Boston Consulting Group (BCG) suggests that this approach will allow AI to learn and adapt across an entire organisation, rather than being confined to individual tasks. This could lead to a significant boost in productivity and efficiency.
BCG argues that AI’s benefits are currently underutilised, with organisations often deploying it in isolated areas rather than integrating it across their operations. This limits its potential to drive growth and innovation. The ‘One AI’ approach aims to overcome these limitations, enabling AI to learn from every interaction and adapt its responses accordingly.
The transition to ‘One AI’ is not without challenges. It requires a significant investment in data infrastructure and a shift in organisational culture. Companies will need to prioritise data sharing and collaboration, and to address concerns around data privacy and security.
Despite these challenges, BCG believes the benefits of ‘One AI’ far outweigh the costs. It suggests that companies which embrace this approach could see a 20% increase in efficiency, a 10% increase in revenue, and a 15% reduction in costs. The firm predicts that ‘One AI’ will become the norm within the next five years, revolutionising the way companies use and benefit from artificial intelligence.
Go to source article: https://fortune.com/2024/04/05/next-evolution-artificial-intelligence-one-ai-bcg/