Algorithms and artificial intelligence are an increasingly-normal part of our everyday lives, notes this article, so the next step is in the workplace:
Each one of us is becoming increasingly more comfortable being advised by robots for everything from what movie to watch to where to put our retirement. Given the groundwork that has been laid for artificial intelligence in companies, it’s only a matter of time before the $60 billion consulting industry in the U.S. is going to be disrupted by robotic advisors.
I remember years ago being told that by 2020 it would be normal to have an algorithm on your team. It sounded fanciful at the time, but now we just take it for granted:
Robo-advisors have the potential to deliver a broader array of advice and there may be a range of specialized tools in particular decision domains. These robo-advisors may be used to automate certain aspects of risk management and provide decisions that are ethical and compliant with regulation. In data-intensive fields like marketing and supply chain management, the results and decisions that robotic algorithms provide is likely to be more accurate than those made by human intuition.
I’m kind of looking forward to this becoming a reality, to be honest. Let machines do what machines are good at, and humans do what humans are good at would be my mantra.
Source: Harvard Business Review
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