Tech Desk 
Dec 29, 2024
As artificial intelligence (AI), alongside emerging technologies like cloud computing and big data, has been grabbing headlines for its ever-evolving nature, AI experts highlighted that such technologies are also transforming the business domain, attracting industries by offering perks like automation and cost-effective alternatives.
In the West, AI-based software is swiftly replacing traditional systems due to several benefits for organisations, irrespective of their sector and size. A renowned AI strategist Khawaja Fahad Shakeel noted that AI programmes are distinct in each industry, offering incredible solutions such as accurate budgeting and resource optimisation in sectors including agriculture, healthcare, hospitality, and more.
Outlining the significance of AI, Syed Azfar Hussain, a renowned IT analyst, stated: "AI’s capacity to process vast amounts of data allows companies to make smarter decisions, streamline operations, and discover new growth opportunities."
Examples like Amazon and Alibaba highlighted how AI-powered analytics improve the efficiency of the supply chain, while medical institutions such as the National Health Service (NHS) leverage AI for diagnostics.
Cloud computing further accelerates this field, offering startups and SMEs access to high-tech resources without needing costly infrastructure. Big data provides meaningful insights into consumer behaviour and market trends, helping companies stay ahead of the curve.
While leading fintech startups such as Stripe and Revolut are efficiently utilising cloud platforms to develop products, minimising the time and resources required for product development, an SEO expert Mehboob Shar pointed to the importance of AI integration across tech sectors for improved security and efficiency.
"As a tech CEO, I firmly believe AI is poised to revolutionise our industry," he said. "Every tech tool and software solution or IT-enabled product will demand AI integration to unlock its full potential and achieve peak efficiency," Shar mentioned.
The evolution of AI has put many entry-level jobs at risk, as they are likely to be automated in the near future, necessitating enhanced skills for emerging roles.
