AI Appreciation Day is observed on July 16 every year to recognize and appreciate the incredible advancements in Artificial Intelligence and transformative impact that AI has brought to the world.
AI Appreciation Day 2024: Here’s what Nick Magnuson, Head of AI, Qlik has to say:
“Artificial Intelligence, when grounded in contextually-relevant information, becomes a game-changer for businesses. The true power of AI lies in its ability to uncover insights across a wide array of information in real-time. Having a robust foundation for AI not only enhances the precision of these models but also transforms decision-making processes across all levels of an organization.
AI can make complex data accessible and actionable, democratizing insights and enabling employees, regardless of their technical expertise, to drive smarter outcomes. However, to unlock AI’s full potential responsibly, businesses must invest in comprehensive data integration and governance frameworks. This ensures that AI systems are fed with accurate, relevant, and timely data, while minimizing biases and fostering trust.
Looking ahead, AI will serve to differentiate industry leaders from laggards. Countries like India are pioneering in this space, demonstrating how AI can transform sectors such as healthcare and education. But remember two things: success in AI is a journey, not a destination. Develop a plan that suits your organizations needs and abilities, one that builds on early successes. Second, AI is not a replacement for human judgment – it’s an enhancement. By combining AI’s capabilities with human expertise, we significantly improve our ability to make informed, strategic decisions in this rapidly evolving technological landscape.”
