Three A’s of the Next Gen World!

There are many new ideas and research going on in today’s tech world. I believe the potential of maximum disruption is by the three A’s – Analytics, Automation & Artificial Intelligence. Because of their scope of evolution and impact, they tend to be the foundation of the next generation tech world.
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next-gen

A natural progressive way of doing it would be to:

  • first gather data (analytics)
  • define what’s crucial or repetitive that can be replaced to ease the flow (automate)
  • collate such multiple replaced things to move into predictive analysis and actions to complete a complex task (artificial intelligence)

Day by day, it looks more feasible to achieve above because of technology innovations and the processing power.

Analytics

It is the first step towards anything more concrete and is a great supportive to theories and assumptions. Enables to have data backed decisions which are easy to relate and comprehend.

This would mean collecting data and making better use of it. This would need to have a data architecture setup. With it, it would be easier to know and decide what and how to collect. Post it, using any data visualization tool, it would be easier to deduce insights, patterns and plan accordingly.

It’s not about just any or more data, but the right, quality data that would matter

Automation

It is solving for complex processes using technology. Data analytics help a great deal identify and solve for such processes. These repetitive mundane tasks can be automated and the efforts saved from it can be put elsewhere. Thus helps in concentrating on tasks that needs more human attention.

Just like machines brought industrial revolution to factory floor, automation has similar potential to transform most of our day to day work. This could lead to enhanced productivity, thus better outcomes, leading to more accurate predictions and optimizations.

Only way to scale the massive amount of work in defined time without hiring an army of professionals

Artificial Intelligence

This is exploring the world that was considered impossible a decade ago by most of us. It is easier to relate and understand when comparing with human capabilities like recognizing handwriting or identifying a particular disease cell. Not just it, AI has great potential to automate non-routine tasks.

With AI, we can analyze data, understand concepts, make assumptions, learn behaviors and provide predictions at a scale with detail that would be impossible for individual humans. It can also have self-learning to improve with more and more interactions with data and human.

AI evolution is being greatly supported with advanced algorithms and improved computing power & storage.

Potential

There is a nice data backed assessment and shareout by McKinsey Global Institute on the three A’s. I would suggest a must read of it. In there, they shared AI/ML potential usecases across industries.

ai-ml-potential-industries
Credit: McKinsey & Co.

AI and Automation will provide a much-needed boost to global productivity and may help some ‘moonshot’ challenges.

McKinsey Global Institute

Wrap Up

AI combined with various Process Automation and powerful Data Analytics transforms into an intelligent automated solution. Potential of these solutions are huge.

It would be more appropriate to say that it’s no more a choice but compulsion for all sectors to go through this digital transformation. Those who are able to do it will be setup sooner for the next generation of the tech world. It will provide them with an edge over their competitors, putting them in a position to take advantage big time.


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