Snapshot
- Misconceptions About AI in Companies
- AI as a Horizontal, Foundational Technology
- AI’s Integration Across Various Industries
Overview
Misconceptions About AI in Companies
Basit points out that many companies claim to be AI-enabled, but in reality, they might only be using basic machine learning or natural language processing (NLP). He stresses that true AI integration is more complex and foundational than these simple applications.
AI as a Horizontal, Foundational Technology
He compares the evolution of AI to past technological shifts like network computing and mobile technology, suggesting that AI is another foundational piece of computing that enables us to ask bigger, more complex questions.
AI’s Integration Across Various Industries
Basit believes that AI should not be viewed as an isolated technology but as a tool that will be universally used across all sectors, including enterprise, healthcare, FinTech, and small businesses. He likens companies having ‘AI’ in their name to the early days of the internet, where every company eventually became an internet company.
Wrap Up
Talha Basit’s insights provide a realistic perspective on the role of AI in modern business. By understanding AI as a foundational technology that enhances various aspects of business operations, companies can better integrate it into their strategies and workflows.
