What will it take to bring AI mainstream? There are 3 major things like innovate and develop the technical expertise, the organizational skills should be implemented and this information should be used in our daily work and it should be widely invested by the leaders.
The main success of artificial intelligence depends on expertise and education. It is reported by the workforce that in the 10 largest economies there are 120 million workers in the world that need retraining. Lots of big companies offer AI expertise: IBM, Amazon, Microsoft, and a host of other big and small organizations and online talent marketplaces like Upwork, Fiverr and Toptal. But no company has the depth and breadth of expertise and experience that Experfy offers. Led by cofounders Sarabjot Kaur and Harpreet Singh, and incubated in the Harvard Innovation Lab, Experfy has assembled a community of 30,000 global experts working in a wide range of disciplines and industry's applications.
The company is a Gartner Cool Vendor award winner, which is impressive. But, lots of online talent marketplaces offer AI talent and many win awards. So what is so interesting about Experfy? First, the range and depth of Experfy expertise are striking. They have clearly assembled an impressive community of AI and data science specialists covering a broad range of industries, geographies, disciplines, and applications. CoCEO Singh mentioned that many of these small firms within a firm combination were the consequence of a successful Experfy collaboration.
Second, Experfy uniquely sees learning and development as key to their vision, reflecting the founder's deep academic roots at Harvard. It also makes good business sense.
Experfy is accomplishing its educational mission through tech. Take the example of AI in the actuarial sciences: Experfy brought together a panel of experts to build self-paced training courses in AI for actuaries. They are creating equivalent curricula in a variety of other fields, working closely with Harvard's School of Education. It is pointed out that those client organizations can commission highly specialized new mini-courses or arrange for expert mentorships. For example, he says, One company is creating content on drones and AI, while another has established a mentorship program on algorithmic trading of financial derivatives. Cigna, for example, uses Experfy faculty to help it develop new data scientists from scratch.
Third, Experfy sees itself as an AI community builder. By bringing together experts for education and mentoring, and by facilitating collaborations between individual freelancers and teams, Singh sees Experfy as playing its part in creating a global community of AI experts and contributing to the ongoing development of AI.
Fourth, Experfy is expanding its educational role by creating certification tracks that define and assess professional competence in AI applications. It has also begun a new initiative to assess and benchmark employee competence and design learning paths that can be highly personalized for each employee. Their plan is to provide these tools at low or no cost.
Fifth, Experfy is now piloting the creation of Experfy Cloud, a unique future of work talent platform, with companies like Deloitte, that combine direct access to it's 30,000 AI experts as well as the ability to include other advisors, employees, alumni and retirees on the platform, creating its own flexible blended workforce.
The industry is betting big on AI and big data, viewing it as a foundational technology that will reset the S Curve and propel a transformative era in work. Here are some recent stats:
- IDC forecasts that investments in AI will grow from $12 billion dollars in 2017 to almost $60 billion in 2021.
- Deloitte predicts the number of artificial intelligence- machine learning implementations will double in 2018 compared to 2017, and double in 2019.
- A Fortune survey of AI experts estimates that as many as 40% of the jobs as we know them today will be replaced in the next 15 years.
- 82% of enterprise AI early adopters are seeing a positive ROI from their production level projects this year.
- 74% of recent MemSQL survey respondents see AI to be a game changer that will transform their job and industry.
- 69% of enterprises are facing a moderate, major or extreme skills gap in staffing their new AI driven business models and projects.
- 59% of companies use AI enabled enterprise software purpose to streamline sales processes, and workflows, directly and indirectly, impacting jobs and skills.
There is no doubt that AI is a powerful competitive resource for organizations building real capability. 81% of Fortune 500 CEOs see AI as a crucial area for investment and almost three quarters see the accelerating pace of technological change as a key challenge.
There are many vertically aligned online talent marketplaces, of course, and you will be introduced to a new startup at least weekly. What makes Experfy interesting is its focus on AI, the broad and deep expertise it represents, and the way its mission fuses commercial and educational goals. You will like the practicality of its educational commitment and their recognition of the critical role of education in diffusing innovations like AI. When you really come down to it, AI is as much a cultural and strategic change as it is technological.