An advisory firm asked companies to start preparations for long-term artificial intelligence plans to build equity within their industry and succeed.
“To get into AI and stay there, businesses must draw up an AI plan for the long term that clearly outlines their value proposition, opportunities to be tapped, and services’ profitability to be gained that will end up building market equity within their industry category in fulfillment of an enterprise’s vision,” said IRG chair Lito Buñag.
The framework should be supportive of AI end-to-end development from research and data storage, management and generative AI deployment to eventual transmission and application to industry through hardware, software and network resources, he said. He said AI is molding cultures anew through tools like language translation, analyzing customers’ perceptions and opinions as they relate to behavior. With AI algorithms providing opportunities to appropriately assess and analyze data amassed and stored, writing scripts could be customized to appeal to particular cultures or mindsets.