When going to war, they say, “The best defense is a good offense.” While the average company isn’t battling a typical war, fighting cybercriminals is a daily battle. As businesses move into the world of digitization, massive amounts of data is created every day. That data is critical for businesses that analyze and capitalize on it to bring in profits.
But, while more data can help a company make decisions and streamline processes, it’s also an open invitation for hackers. Security protocols need to be continually evaluated and updated, and with the help of AI technology, IT leaders can be proactive instead of reactive.
AI can support biometric logins which is much safer than vulnerable passwords and modify user access in real-time based on a user’s location or network, offering additional protection when employees are on-the-go. AI can detect threats and malicious activities far faster, and increase employee and company productivity.
AI is becoming mainstream when it comes to improving security practices, and it’s critical that companies adopt it if they wish to stay competitive. For the global economy, AI is projected to contribute $15.7 trillion in 2030 with the Middle East accumulating 2% of the benefits, equal to $320 billion.
Saudi Arabia and the UAE are expected to see the highest impact as both countries have made significant investments in AI technology. Their ability to innovate has placed both in the top 50 of the Global Innovation Index 2017 with Kuwait joining the list in 2018. According to the IDC, the Middle East and Africa (MEA) is on track to spend $290 million this year and $530 million next year.
Research shows the top uses for AI are automated customer service agents, automated threat intelligence and prevention systems, and fraud analysis and investigation so it should be no surprise that the highest AI investments are in the banking, manufacturing and retail industries.
AI has secured its place when it comes to reducing inefficient processes, automating time-consuming, repetitive tasks, and improving security protocols. Cutting-edge companies are using AI to boost efficiency, improve customer support, increase product quality, expand services, automate marketing tasks, and drive sales.
As AI matures and advances in the coming years, these business activities will continue to reap the technology’s benefits. Looking forward, AI will offer these benefits to a wider range of industries.
Healthcare will get a huge boost from its capabilities, helping clinicians and researchers address patient care in real-time. In addition to transportation and AI-powered self-driving cars, logistics businesses will see supply chain optimization. The IoT industry, already impacted by AI, will see even more growth opportunities.
Companies looking to keep up with the changing tech landscape can start integrating individual AI solutions that have big bottom line impacts.
Moving from paper-based documents to digital ones is a huge challenge, but AI can turn it into an advantage. In addition to reducing printing costs, document digitization enables companies to automate document workflows and workers to access information from anywhere easily, all while processing, managing and storing information more securely.
When documents need to be printed, Canon’s Efficient Document Output uses networked printing and AI technology to increase productivity and send jobs to the right printers. This reduces security risks associated with shared printers and Canon’s secure release technology further protects sensitive data.
Therefore, an information management solution, allows documents to be scanned and stored locally and securely in the cloud, so data remains accessible from anywhere.
The key to incorporating new tech is to ensure stakeholders know the true value of the solution and to take the integration process slowly and steadily, so it doesn’t meet resistance.