The year 2019 has been termed as the year of Artificial Intelligence, probably due to the fact that this technology has got more advanced over time says Peter DeCaprio. AI forms a large part of our lives, from our smartphones to laptops and even in games. So it is not all about playing video games for you anymore, but there are also various benefits which you can get by using this technology in your businesses.
Artificial intelligence yields incredible benefits in terms of accuracy; speed etc when it comes to decision-making capabilities. If one runs an e-commerce company then it is possible with the use of AI to process millions of orders in no time at all because they can prioritize tasks faster than humans can ever do. There are various ways through which one can implement AI in his business. But the most common type of Artificial Intelligence is through robotics.
Robotics which are related to machines, are termed ‘Industry 4.0.’ The use of robots in various industries has started gaining momentum over the past few years and will continue to do so due to the fact that they can perform tasks faster than humans can ever do. According to a report recently published by McKinsey Global Institute, up to 800 million workers globally could be involved in automatable activities or jobs which have a high probability of being replaced by robotization or automation with a high degree of technical feasibility within the next two decades. Peter DeCaprio says This gives rise to businesses requiring highly skilled professionals who are capable enough at decision-making using AI technologies.
The future is very bright for businesses using AI technology. The main aim is to enhance productivity and also, reducing human intervention in the decision-making process.
There are several benefits of using Artificial intelligence such as:
- Greater accuracy in calculations
- Reduction in time taken to make decisions
- Reduce human errors
The above-mentioned facts will help you understand how investing in artificial intelligence will be beneficial for your business growth. By implementing the techniques of AI, one can increase his ROI and reduce the cost of work at the same time. There are various ways through which one can implement AI into their business. Here we look at some ways how you can have better returns from your investments by employing smart machines or robots explains Peter DeCaprio.
Using AI for your business:
Customer Relationship Management using Artificial Intelligence
In today’s day and age, every customer has a voice, and businesses that are not connected with their customers may lose them soon or later. Peter DeCaprio says, In this digital era, everyone wants an instant response to queries raised by their customers. In such cases, one can make use of AI technology. Which will help him interact with his customers on a real-time basis. Using this technique, businesses can personalize products or services as per the requirements of their target audience. One has to only find out the needs and problems pertaining to a particular group of people. Then accordingly develop products or services that will satisfy all those requirements. This way they can also widen their customer base.
By connecting with various parties, using AI for your business is an excellent way to get more insights. Into what customers are looking for. All this can be done in real-time and it will help you provide better services to your customers. By making use of this technology you can also make your employees more efficient. By deploying them at the right places. This will increase their productivity which will eventually boost the revenue generated by your company over time. It is still not too late to start up implementing AI into your business processes right away!
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Category: Business Technology Post navigation of Artificial Intelligence Articles ← previous article Next article → Artificial Intelligence Job Opportunities for Engineers and Machine Learning Experts (AIJOB) Orem, UT (PRWEB) January 30 2017 the popularity and demand for artificial intelligence is growing rapidly among businesses and consumers alike. Where it was once difficult […]
What Is Singularity?
Welcome to the complete guide to understanding Singularity! In this article, we will cover everything you need to know about what is Singularity. The things that make it different from other cryptocurrencies. How does Singularity works, what can you do with it and why should you consider using Singularity for your transactions.
This has been a comprehensive guide to understanding Singularity. We looked at everything you need to know about what is Singularity. The things that make it different from other cryptocurrencies, how does Singularity works. What can you do with it and why should you consider using Singularity for your transactions.