Why Your Company is Embracing AI Technology in 2024

Esme_Lee
edited February 6 in AI

It is common knowledge that AI is now developing at remarkable speed and enjoying exponential usage across industries. Such applications are not at all limited to task automation (such as bot-based customer service and self-driving cars) or the search for inspiration and information. 

The rapid development of AI now also enables higher efficiency and precision in tasks traditionally deemed to be complex to execute. Using its capability to sift through massive quantities of data in little time, AI plays an important role in predicting system failures before they happen, or forecasting demand before inventory runs out. It assists in research, allowing for product innovation faster than ever before. Crucially, AI also can generate personalized plans and products, with precision medicine being one hugely promising area of its application.

Although some AI technologies are specific to certain industries, generative AI— algorithms that can generate content of any creative nature—is rising to become a general game-changer across numerous areas of business. Quantum Black, AI by McKinsey, for example, has described 2023 as ‘Generative AI’s Breakout Year’. As 60% of businesses who report using AI or any sort now use generative AI as a tool in the workplace, this number will be set to come even more to the forefront in 2024. While the applications and products of generative AI are many (ChatGPT and Google Bard being household names), there is one particular tool that businesses surely should not miss out on: Microsoft Copilot.

Case in Point: Microsoft Copilot as an AI Revolutionary Force 

As a key AI tool developed by Microsoft, Copilot can do numerous things for your business. Using large language models (LLM), Copilot is designed to be everyone’s personal assistant in the office, enhancing productivity like never before. Using information from other applications in one’s Microsoft workplace account, Copilot has a remarkable ability to organize information in one’s busy work life and keep everything on track. Imagine a workday where you can hold a meeting on Microsoft Teams and have the action agenda communicated automatically to colleagues who couldn’t make it, or when an application can scan a long email and break down information for you. With assistance like these, along with other types of generative content, Copilot is truly there to copilot your work life. 

Better yet, the application can assist with other types of advanced work. If you’re coding with natural language prompts, Copilot can create code suggestions in dozens of languages in real time. If you are stuck on a project, Copilot fixes your problem by quickly identifying hidden patterns and anomalies in your data. From work assistance and textual-visual creations to generative content in code, Copilot has the sole goal of inspiring and helping businesses succeed in the AI age. 

Pairing Microsoft Copilot with Acer TravelMate P6

AI software is a must, but equally noteworthy is its synergy with the hardware device used. AI software, with its high processing demands, necessitates a sturdy and internally reliable hardware to pair with. 

For Microsoft Copilot, the Acer TravelMate P6 is a suitably matched device. With its Intel® Core™ i7 processor, processing performance is dramatically leveled up. Its rapid LPDDR4x memory of up to 32 GB and its super responsive M.2 PCIe Gen3 X4 NVMe SSD of an impressive 1TB also shows the device’s capability of handling massive amounts of AI data. 

Aside from these must-haves for AI, the Acer Travelmate P6 also comes with a set of favorable features for the workplace: a lightweight structure, multiple ports, much enhanced security, fast-charging capabilities and MIL-STD 810H-certified durability—a dream package for a device ready to tackle the complex, ambitious AI challenges of the year. 

Driving Factors for AI Adoption in 2024

Aside from the ease of workload in an often overwhelmingly busy workplace, businesses still have multiple reasons to take up AI more in 2024:

1. AI makes economic sense for a business

With many menial tasks automated (such as writing emails, organizing data, searching for information, transcribing notes and so forth), the rise of AI implies less need for manpower overall. This will not only reduce costs, but also enhance productivity and efficiency.

2. AI gives businesses a competitive edge 

With businesses delving more and more widely into AI, AI is no more a nice-to-have, but a need-to-have in order to keep up with competitors and gain a competitive edge. AI’s use in trivial tasks implies the possibility to free up time for more crucial tasks that drive the business forward, such as those that involve critical thinking, creativity, and problem-solving. 

3. AI can effectively boost employee engagement and support 

When applied well, AI can help keep an eye on employee engagement and create insight on how to better support workers. To illustrate, AI can analyze conversations through employee communication systems and identify biometric data containing employee engagement levels. It can assess factors such as employee sentiments and performance data, not only supervising overall productivity but also identifying individual workers who may need extra support. 

4. AI plays a role in decision-making and innovative practice 

Although decisions are ultimately up to the human worker to make, AI can facilitate that process. AI itself can compile, organize, and analyze massive amounts of data, helping businesses recognize key patterns and coming up with solutions with good potential. Crucially, AI can also remove bias when analyzing data– something that humans cannot realistically do. 

The Corporate AI Landscape in 2024

AI is just about to stimulate an era of innovation and productivity, and 2024 is a promising year where it can truly take off across industries. Here are some predictions for AI trends in 2024 and how it may be widely adopted in the coming year:

1. Enhanced personalization 

One of AI’s strongest features is the element of personalization. On e-commerce sites, AI solutions can keep track of a customer’s preferences and generate recommendation systems that suit every individual customer’s shopping habits. AI-powered algorithms can also customize a plethora of products, such as nutrition product subscriptions, travel itineraries, interior design, and educational materials.

The potential of such personalization is particularly important in some industries. In healthcare settings, for example, AI will be the driving force behind precision medicine, offering personalized treatment plans and routine checkups based on every individual’s DNA.

2. More products developed with the Internet of Things (IoT)

AI is the fuel behind the Internet of Things (i.e., the interconnection of computing systems in everyday devices via the Internet). With the constant improvement of AI, the future will likely be geared towards smarter homes, smarter offices, and smarter cities, where systems can be controlled remotely.

3. Strengthened security measures 

AI significantly bolsters cybersecurity by automating threat detection and incident response, swiftly identifying and countering potential threats through advanced data analysis. By learning and adapting to recognize cyber threat patterns, such as unusual network activity or suspicious files, AI provides proactive defense against various risks, including phishing and malware. A prime example is Google's Gmail, which uses AI to analyze email patterns, blocking over 99.9% of potential phishing attempts by detecting common indicators like odd links or sender information. This showcases AI's capacity to anticipate and prevent emerging cyber attacks, adapting to changing criminal tactics, thereby enhancing response efficiency and reducing the reliance on manual security measures.

4. Automated work with increased safety and efficiency

AI, being the foundation of self-driving cars and robots more generally, will bring about a revolution in some service-based industries. Once maturely developed, self-driving cars will provide safer service for passengers, and robots may take the role of serving customers in contexts such as restaurants and hotels with higher levels of efficiency.

As seen, AI is increasingly used in versatile ways to meet the complex developmental demands of different industries. Whatever the size of a company, AI will likely play a fundamental role in witnessing business growth for the foreseeable future. Other generic rising AI tools that can contribute to productivity across industries include the following:

  • ChatGPT: Launched just over a year ago in late 2022, OpenAI’s ChatGPT quickly became an AI phenomenon. Trained on Large Language Models, ChatGPT can generative multiple types of texts for various business purposes, from creative content (e.g., creative writing, composing emails, marketing captions, letters) to information search and task management for the busy officer worker. However, ChatGPT is under continuous development and users should keep issues of ethics and accuracy in mind while using the tool. 
  • Google Bard: Bard is a Google-developed tool whose foundation also rests on Large Language Models. On Bard, questions can be answered in well condensed information and factual accuracy is prioritised. Taking in the strength of other Google products, Bard excels in translation and also integrates 

web browsing directly in its responses. Business can use Bard for variety of purposes, such as summarising complex documents, conducting market research, brainstorming ideas, translating reports, or identifying trends. 

  • Google Duet: A suite of AI tools, Google Duet helps enhance productivity within the Google Workspace. It reaches across multiple applications such as Docs, Sheets, Slides, and Meet, and depending on needs and context, Duet is a wonderful personal assistant. For example, it can create visualised data insight from Google Sheets, generate images from texts on Google slides, or create summarised points from Google Docs. 
  • Adobe Firefly: This is a promising application where texts and visuals can be created from scratch or edited with prompts. With a simple description of a visual in mind, Adobe Firefly can illustrate whatever idea you have for your business needs, however whimsical it may be. It has the same magic with words–it can generate multiple options for text, with diverse voice tones and vocabulary to fit your intended market.

As more AI tools with different purposes rise to the forefront of business, the installation and use of multiple AI applications will warrant compatible hardware that work well with diverse business applications and AI integrations. The powerful Acer TravelMate P6, as introduced above, will be a promising companion for the new age.

Marching Forward with AI

The AI landscape in the immediate horizon, with a lot of personalization and automation, is daunting yet exciting; just as when the internet came to revolutionize the global workplace and our modes of communication, AI will play a similar role in creating change, driving businesses and industries forward. The ability to adapt strategically, as well as to incorporate AI innovatively and productively, would be key, and businesses are now tasked with the role of exploring how manpower can best converge with the assistance of AI. Microsoft Copilot will level up your office productivity in ways previously unimaginable, and coupled with the sturdiness of Acer TravelMate P6, your business shall set itself in a favorable position for any challenges and opportunities in 2024. 

Esme Lee is a science writer and editor in the UK, carrying a passion for tech copywriting. She has a background in educational neuroscience and holds a PhD from the University of Cambridge.

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