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The risk for businesses
AI’s revolutionary nature can pose risks and opportunities for software companies as companies that are slow in adapting quickly lose ground to rivals. Companies moving too promptly with insecure technology could put themselves in danger. Certain risks have to be addressed:
Architecture and systems
AI-driven, new structures replace the current software system.
The high costs associated with transitioning to a new structure
New challenges to the management of decentralized software systems
Eliminating the risk of biases or errors caused by AI that are propagated on a large scale
Security
New cyber security vulnerabilities and attackers that can penetrate the system require a new response.
Data security, privacy as well as ethical concerns to be dealt with
Data
Dependence on quality of data due to older systems
Data sources that are different and extend beyond corporate boundaries
Capabilities and skills
Training teams on how to adjust to the latest workflows and technologies.
Decrease in core software competencies if AI can take over
Reduced barriers to development for entry that can lead to an influx of rivals
The Path Forward
It’s a time when software can become genuinely personal. Like how the PC revolution changed computing from a niche discipline into a tool for all, AI transforms software development from a technical task into an artistic endeavour.
It will transform the business:
The development process focuses on the definition of problems instead of implementing them.
Enterprise software should stand out for strategic value, not just on features.
The new applications are categorized in a way that wasn’t possible before.
The barriers between consumers and developers are fading away. It’s a time when customizing our software is as easy as personalizing our desktop environments. It’s not about just speeding up development or making it cheaper but creating a platform for anyone to build software specifically tailored to their users’ needs.
Conclusion
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