Augmented Intelligence: Industry Trends, Deployment Models, and Potential Opportunities

What are the Prevailing Industry Trends?

Presently, industries worldwide are evolving to accommodate and integrate artificial intelligence in their day-to-day activities. A distinct drift is the increasing implementation of augmented intelligence, an approach where humans and technology work symbiotically. This approach maximizes human potential by using AI to amplify human cognition, in contrast to replacing humans. This paradigm shift is particularly observable in industries such as healthcare, banking & finance, and manufacturing, which are leveraging vicarious intelligence to solve complex issues, enhance decision-making, and spawn innovative solutions.

How is Deployment Being Realized?

The deployment of augmented intelligence is typically actualized through two models: cloud-based and on-premise solutions. The former entrusts third-party cloud providers with storage and management of data, while the latter installs the software on the company's hardware. The choice between these two models centers on factors such as cost, security concerns, and the capacity for data management, subject to each company's unique requirements. Cloud-based models are currently leading the trend due to their flexibility, scalability, and cost-effectiveness.

What are the Potential Opportunities?

Augmented intelligence opens up a realm of opportunities characterized by improved efficiency, accuracy, and customer engagement. Its ability to automate routine tasks liberates human workforce to focus on core responsibilities, fostering a considerable elevation in productivity. Furthermore, the predictive analytics capability enables better decision making in strategic planning which can lead to significant reduction in operational costs. Undeniably, these opportunities could be potential game-changers for businesses in today's technologically advanced era.