Cloud computing and Artificial Intelligence (AI) are two major forces in the information age that have initiated a revolution in the business sector. With massive impacts on business operations and data management, the two state-of-the-art technologies have changed the shape of enterprise functioning.
According to reports, enterprises have increased their reliance as well as amount of investment on artificial intelligence solutions and cloud computing solutions in order to enhance their business’ efficiency and productivity. It is reported that almost 85% of global enterprises keep their data on cloud platforms while 83% of business professionals claim that AI is a strategic priority of their businesses today.
Here are some insights on how cloud computing and artificial intelligence can shape the future of your business:
Advantages of Cloud Computing in Business
Cloud computing is a comprehensive solution that uses internet hosted network of remote services. It provides utilities for storing, managing and processing of data while ensuring high-level services that can be provisioned with minimal management efforts. Some ways cloud computing services benefit businesses include:
- Ensures scalability and flexibility of operations, services and resources while reducing downtime
- Provides best-in-class security for sensitive enterprise data without compromising on performance
- Encourages automation for improving quality of work with minimal human intervention
- Reduces capital investment amount and information technology costs
Cloud computing solutions empower enterprises with high security, great storage capacity, and a host of specialized services including IaaS, PaaS and SaaS.
Advantages of Artificial Intelligence in Business
Artificial intelligence is the science of integrating human intelligence into machines and empowering them with self-sufficiency. With abilities to analyze data and making accurate predictions, it has largely benefited enterprises across a wide range of industry verticals. Some benefits include:
- Provides real-time assistance in operations and decision-making process
- Discovers most important and relevant information while processing data, hence providing most useful insights
- Encourages and assists automation in business operations and management
- Evaluates past data sets and information for predicting outcomes, thereby assisting on the strategy part
According to experts, AI-infused chatbots are widely transforming various business sectors including e-commerce and financial institutions like banking and insurance.
Interrelation of AI and Cloud for Ultimate Business Benefits
According to the top cloud service providers, cloud computing enables businesses to take advantage of artificial intelligence. It is claimed that while AI can make business operations smart and efficient, cloud computing assures easy and cost effective implementation of the respective. Some ways AI and Cloud work together to benefit businesses include:
- Many cloud computing service providers offer cloud-based services pre-packed with AI capabilities, thus lowering the cost of AI accessibility. This helps in providing accumulated benefits at affordable prices.
- According to cloud service providers, strategically implemented cloud services aid in defining AI and its maximum capabilities. This enables businesses to improve their data-related operations.
- Since AI is based on data processing, cloud computing delivers open data to the system in order to make AI smarter. This ultimately benefits businesses with smart decisions and insights.
Cloud computing and artificial intelligence are growing fields that can leverage innovative and useful opportunities in the business domain. With enterprises reaping maximum benefits, they hold the power to shape the future of the whole business sector.
Also Read – What is Cloud Computing? A Comprehensive View