Businesses around the world have used fascinating new technology to unravel new opportunities, gain a competitive edge, and become leaders within their respective industries. This is why, after big data, blockchain, and the Internet of Things, Artificial Intelligence is finally showing its limitless potential to change how we do business. AI at the moment is still in its infancy.
However, it can even offer you terrific use cases, including cognitive insight, engagements, and automated robotic processes. But that too merely is just scratching the surface of its actual potential.
According to a recent study by Oberlo, the number of businesses adopting AI grew by 270% in 2019. By 2027, the global intelligent-market is expected to reach $267 billion. Furthermore, nine out of ten leading businesses already have ongoing investments in developing and deploying artificial intelligence.
Moreover, 62% of customers are willing to submit data to Artificial Intelligence to derive better user experiences with familiar businesses. By 2021 nearly 15% of all customer service will be powered by Artificial Intelligence.
In light of this information, let’s take a quick look at some of the ways AI can result in business development.
Businesses around the world are gradually opening towards the realization and the potential for using Artificial Intelligence during the recruitment process. However, complete control of the hiring process would seem a bit unfair due to AI’s ruthless ability to point out shortcomings and stone-cold deductions. Nevertheless, there are tools available that can assist you in making the right selection regarding prospects. Some of the best AI hiring tools include:
Incorporating Artificial Intelligence for improving customer service seems like natural selection. After all, with its ability to crunch huge chunks of information in no time, it can provide terrific insights into customer behavior and interactions with a venture.
One highly viable process is to take advantage of AI to automate and improve customer relations by integrating it with a company’s proprietor CRM (customer relationships management) software. Here are some tools that utilize Artificial Intelligence at their core to provide businesses with the ability to outshine others when it comes to customer services and support:
It is important to note here that at the current level of Artificial Intelligence development and human supervision can augment human decision making for adaptive systems. While AI can adapt to different situations and act without assistance, human supervision allows AI platforms to continuously learn about human operators and the environment. Some popular decision-making tools that utilize AI at their core include:
Popular Artificial Intelligence tools that help you in forecasting and projections include:
When it comes to marketing AI can be stupendous at offering marketers profound solutions to augment their approach and broadcast their efforts in a more directed manner with surgical precision. This can include content curation, content generation, personalized messaging, and email marketing campaigns, to name a few. Students who opt for coursework writing service also come across AI-empowered writing tools for creating articles. Here are some tools that can help you achieve the next horizon for your marketing efforts and invested time:
Notable inventory management software that use Artificial Intelligence include:
Most popular tools offering cybersecurity backed by the power of AI include:
Though not a new concept, Artificial Intelligence has recently seen its sharp increase in popularity by businesses and ventures across industries. Today more people are interacting with AI-based applications, virtual assistants, chatbots, and programs. Both Machine Learning and Deep Learning are able to facilitate establishments to derive valuable insights by feeding AI-based systems with incredible amounts of data.
In the near future, Artificial Intelligence is expected to grow even more competent and able to handle complex and sophisticated tasks as well as manage business operations. In a nutshell, AI is allowing corporations to find the right information for the right user at the right time.
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