ACS, the professional association for Australia’s ICT sector, has published a special report to help Australian businesses integrate artificial intelligence (AI) into their development plans.
“Our message today to Australian business is to get in now, or risk missing out on the largest business opportunity since the internet,” ACS president Yohan Ramasundara said.
ACS’s publication of Artificial Intelligence: A Starter Guide to the Future of Business was officially released at the ACS Innovation Hub in Barangaroo, Sydney on December 6. The guide is an easy-to-read introduction to AI for businesses – what it is, what it can do – and how to get started with AI in your own organisation.
“Artificial intelligence promises to revolutionise the way we do business, optimising business processes and creating entirely new revenue streams,” Mr Ramasundara said.
“Many business leaders think AI may be too hard, and don’t consider it as a solution to the issues they face today. If Australia is to remain a competitive leader in technology, we must both inspire the current and future entrepreneurs, and encourage adoption and experimentation with existing AI solutions.”
Sortal CEO Majella Edwards said, “When we speak with enterprises about artificial intelligence, too often we find that business leaders focus on what the technology will achieve in the future.
“While there is an enormous amount of potential as the field develops, we can already do incredible things with AI in the here and now – and by investing in AI now, businesses can set themselves up to thrive rather than play catch up later on.
“We welcome this initiative from ACS to help educate Australian businesses about what can be done, and the opportunity to showcase Australian innovation in this space.”
Mr Ramasundara said more must be done in this space in order to keep Australian AI talent from going overseas.
“The government has committed to invest $29.9 million over four years to pump up Australia’s AI and machine learning capabilities in fields such as cybersecurity, health and energy,” Mr Ramasundara said. “This is a very small step in the right direction and if we are genuinely committed to harnessing the power of AI a more demonstrably significant investment will be required.
“AI experts in the US and China, for example, can demand salaries as high as US$300,000 (A$400,000). We also know there is a gap when it comes to the adoption of AI solutions in the Australian enterprise. Our report today aims to bring knowledge of what is possible to business decision makers.”
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To read the full report visit https://www.acs.org.au/content/dam/acs/acs-publications/ACS%20Artificial%20Intelligence%20Starter%20Guide.pdf