Leverage Cognitive AI to Make Smarter Decisions
by Jim Sinur
The amount of data and information flying our way is almost too much to absorb. It’s even harder to optimize the understanding of that data and leverage it in the right way to make successful decisions. The digital world will only become increasingly complex and faster, so how can organizations and their executives survive and thrive?
Cognitive AI is here to help provide better explanations, assist with more predictions, and optimize events or decisions. AI will help to grok the data coming your way by way of helping you to understand, classify, and decide when and if to use the insights it provides.
AI Helps Understand Data
AI will be of great assistance to understand data, unstructured information, speech, images, and video. Certain kinds of AI can help accelerate the understanding of each of these sources alone, but AI can also understand complex combinations of different kinds of information in multiple contexts. Once trained, AI can have a base that can be built on through experience in a similar way to human learning. Having digital assistants will take on a new meaning as AI helps you to understand these multiple streams and identify important and emerging conditions.
AI Helps Classify Data
Not only can AI help you process data, it can know what you are interested in based on your past interest, behavior, and selections. AI can also store the data/information in multiple ontology types for further understanding and classification. Patterns of interest, both planned and emerging, can be noted, stored, and expedited for attention, decisions, and a bevy of alternative actions.
AI Helps Decision-Makers
Not only can AI help understand and classify data, it can predict and project from data, giving decision-makers additional alternatives to consider. In hyper speed situations, AI can make decisions equal to or superior to individuals. If there is a time to collaborate with AI and other humans in critical situations, this is probably the best pathway; however, there may be a time and place where AI can do better. There will be an emerging set of experiences with AI over time to decide who decides. Imagine AI assisting in the kinds and sequences of analysis that would be best no matter who does it.
We a drowning in large amounts data and information. Simultaneously, the time allotted for decisions and actions is reducing. We will have to embrace Cognitive AI just to survive. The organizations that learn how to leverage AI with data and information will be able to differentiate and distance themselves from their competitors.