While the terms automation and AI are often used as synonyms, they are very distinct concepts. Automation is focused on reducing workloads. While artificial intelligence is concerned with optimizing and changing work to maximise results.
The tools differ in terms of their functionality and the way they accomplish it. Automation uses simple rules to accomplish tasks like shifting emails into files based on a set of criteria (or using an Excel formula). This is usually done with preprogrammed software. It is typical for business processes such as executing test scripts or producing reports.
AI technologies utilize sophisticated neuron-like pathways to connect and learn from data points in a similar manner to humans. Take for instance Boston Dynamics’ robot Spot. It uses the information it gathers from its environment to constantly improve itself. This is why it’s different from traditional automation, and the impact it has on workers will be more disruptive in the best m&a data room future.
AI helps businesses work faster and more efficiently and reduce human mistakes. Its ability to identify patterns, optimize itself and automate mundane and repetitive tasks allows it to perform the repetitive and tedious tasks that employees aren’t trained to do. This allows them to concentrate on strategic and high-value activities. This is the reason for the huge productivity gains that are that are seen in multifamily leasing today and more time focused on core tasks and better customer experiences.