Offshoring’s Applications of Artificial Intelligence
We see the innovative applications of artificial intelligence in our lives. It is everywhere, whether it’s mainstream media or your mobile phone. We, the same people who believe it wouldn’t be possible, are now waiting, lining up, and begging for a chance to get a taste of what it can do for us. There was nothing that could replace the human mind, or so we thought.
It didn’t take long for pop culture to present AI in an attractive, sometimes scary, light ever since its inception during the 1950s. It’s a brilliant mesh between science and engineering functions, capable of replicating humans’ problem-solving and decision-making skills. While fiction might have highlighted its potential, businesses put AI’s application into reality. Digitalization’s impact on business improvement in nearly every aspect allowed it to push further into advancements. It breached artificial intelligence’s walls and turned it into a standard procedure. You cannot find successful companies that do not utilize different applications of artificial intelligence in their operations.
However, technological advancements always leave their predecessors behind. After all, people pursue innovation to improve or enhance an existing and flawed product. Unfortunately, they might end up becoming obsolete. You saw it happen with floppy disks, the standard of file storage, when CDs and hard drives started flourishing. The same thing happened with phone booths when smartphones arrived. For artificial intelligence, it’s essential to look at what it could replace that made businesses feel like it is the next big thing. Its very purpose is to replicate the human mind. Does it mean that employees, considered the most valuable business asset, become obsolete when AI breakthroughs continue to happen? As companies continue to incorporate AI in their business operations, are people’s jobs threatened? And where does that leave offshoring, a service primarily relying on staffing solutions?
Innovative Applications of Artificial Intelligence
It doesn’t take a lot of thinking to see how the different applications of artificial intelligence fit future companies’ modern format. AI can enhance employee performance significantly through various forms, including:
- Automation of repetitive tasks and processes
- Content generation boosting marketing activities
- Replacement of systems relying on manual processes
- Elimination of human error in complex problems and analysis
- Fast delivery of business outcomes through predictive programs
In a nutshell, AI can provide the necessary automated assistance for humans in the most complex or time-consuming roles. Unfortunately, this is where the scary thought of robots replacing people comes to form. Over millions of people lost their jobs because of those machines.
According to the World Economic Forum, AI could replace humans in over 85 million jobs within the next five years. It is expected that robots will be sharing jobs with people equally within that time, especially with the AI continuing to break ground.
AI looks and feels like it is not going away anytime soon, especially with PwC’s Global Artificial Intelligence study reporting that artificial intelligence’s overall contribution to the world economy will reach over 15 trillion US Dollars during this decade. As a result, more jobs will receive AI enhancements that further put people out of jobs.
Hiring employees has always been the most expensive task in every business book. However, people are necessary in a pre-AI world. Offshoring provides a cost-efficient solution for hiring employees, often outsourcing from a country with a low-cost economy while taking care of overhead costs that come with recruitment. The need for hiring people, let alone creating an offshore team, decreased because of the innovative applications of artificial intelligence. Instead of hiring multiple accounting specialists to oversee necessary functions, companies only need one professional with experience handling AI-enhanced accounting programs and software. As a result, offshoring’s stable position in the labor market service will continue to take a hit as AI advancements continue to soar.
The Philippines is one of the top countries offering offshoring solutions, producing over 130,000 IT graduates. AI-centric jobs like robotics, data science, and cybersecurity are among the most in-demand positions available for foreign clients.
However, businesses must find the right offshoring partner. Fortunately, iSupport Worldwide’s 17-year experience allowed it to evolve from a staffing solutions company to a modern business partner. The offshoring firm is capable of handling AI technologies and incorporating them into high-quality support services. Book a meeting with us if you want to stay ahead of AI advancements and still benefit from cost-effective staffing solutions!