Everyone knows that the continuous advancement in Artificial Intelligence has taken over numerous fields of human life, and business is one of those fields.
With the advanced capabilities, AI has not only streamlined the routine tasks for employees but also provided companies with the opportunity to quickly grow online.
In this blog, we are going to explain some of the major ways through which Artificial Intelligence is transforming modern businesses. Along with this, we will also discuss some useful AI-powered tools that brands can consider using.
Ways in Which Artificial Intelligence in Transforming Businesses
Below we have discussed several ways through which AI is transforming businesses all around the globe.
By Automating Routine Tasks:
No matter if it is a small or large business, it will definitely have some routine tasks.
For instance, performing data extraction from invoices, or any documents and then updating the information in the company’s database is a routine task. Additionally, creating valuable content to promote business online is also a regular task.
And performing those tasks manually with humans will not require a good amount of time, but also contains a chance of error.
Fortunately, AI has solved this problem. Several AI-based data extraction and content creation tools will automatically get the job done within seconds without compromising on accuracy and quality.
By Providing Assistance in Decision Making
Decision-making is highly crucial for any business, a single decision can either result in significant growth/profit or a sudden loss. Due to this reason, you may have seen organizations spending a good amount of time on decision-making. Some companies even hire expensive professionals to make critical decisions.
Thankfully, after the recent advancements in Artificial Intelligence, that’s not the case now. The AI-based tools or solutions are allowing organizations to quickly make informed decisions with ease. Let us explain how AI contributes to decision-making.
Artificial Intelligence tools have the ability to quickly scan large amounts of data to predict future trends and provide a plan of action. This will eliminate the need for businesses to hire special professionals or spend time and effort to make accurate decisions.
24/7 Customer Support
Providing top-notch customer service is one of the main priorities of every business out there. To fulfill this requirement, companies have to be available 24/7 to address customer’s queries, questions, or problems. For this, companies have to hire representatives for both day and night shifts, this will definitely increase the overall cost.
Apart from this, there are also chances that the representatives may be on leave, affecting the overall customer service flow.
The good news is AI can also help in this regard. There are numerous AI-powered chatbots available online that businesses can consider integrating with their website, or any other platform. The chatbots will provide responses to customer’s queries in a human manner 24/7.
So, now there is no need for businesses to hire additional customer service representatives, saving overall costs and allowing them to focus on other necessary tasks.
Increasing the Overall Productivity & Efficiency
Productivity and working efficiency are considered essential for organization employees. Both these play a key role in the success of a company.
When most of the routine tasks are automatically performed with AI, this will not only result in saving a significant amount of time and effort but also maximum accuracy. Moreover, saving time and effort will encourage the employees to work at their full potential and concentration.
This will then result in a perfect working environment as well as maximum company growth – which are the main objectives of every business out there.
Interview Scheduling
Finally, organizations often have to hire employees to scale up. Obviously, during the recruitment process, they have to both schedule and keep track of applicant’s interviews.
Performing both these tasks by a real person will definitely require a lot of time but also increases the overall chances of mismanagement. However, this issue can be easily avoided by utilizing Artificial intelligence tools.
There are numerous AI-powered scheduling tools available that will automatically schedule and monitor the applications of candidates, streamlining the overall recruitment process.
After going through all these ways, we think you may have an efficient idea of how AI is transforming modern businesses.
Best AI-powered Tools That Businesses Should Use
Below are some of the best AI-based tools businesses can consider using.
ChatGPT is a widely known AI-based tool. This tool can assist online brands in several ways. For instance, it can help in creating personalized marketing strategies for the targeted audience and in the creation of any type of content (blogs, emails, newsletters, e-books, etc.) in no time.
This will eliminate the need for businesses to spend valuable money on hiring professional content writers. Apart from these, there are several other ways as well.
To use this AI tool, companies just need to provide instructions about the task they want the tool to perform. To demonstrate this, check out the attachment below.
Additionally, it has the ability to understand and respond in almost any language, this ability makes it highly suitable for worldwide companies.
We all know, online brands often have to create high-quality visuals either for their products or for the content they are creating. In the old days, organizations had to higher professional graphics designers for the creation of high-quality visuals for them.
But that’s not the case now, all thanks to Bing AI Image Generator. The tool is a product of Microsoft and operates on advanced technologies that allow it to create high-resolution images within a matter of seconds.
To explain, we asked it to create an image of the leather jacket. The output we got can be seen in the attachment below.
As you can see, the tool has generated high-resolution pictures according to our input. Unlike ChatGPT, this AI image generator is completely free to use, which means companies can make use of its unlimited times without facing any usage restrictions. You can check out some more AI image generators here.
Creating short product descriptions, emails, or summaries of marketing content is also a routine task. And this AI-powered summarizing tool will help them to quickly and accurately get the job done.
The tool operates on advanced Natural Language Processing (NLP) and Machine Learning (ML) algorithms. These first efficiently understand and identify the main points or sentences in the given text and then generate a concise version.
One notable feature is that the tool offers an adjustable summary length feature through which companies can create summaries or descriptions of their desired length. The less length you select in terms of percentage, the more concise the output tool will generate.
To demonstrate this, we condensed some marketing content with this tool, the results can be seen in the attachment below.
So, the tool automatically shortens the given content without causing any harm to its original meaning and quality. Moreover, this AI summarizer has the ability to perform summarization in seven different languages.
This is an AI-based decision-making tool. It quickly analyzes large amounts of data using Natural Language Processing (NLP) and provides useful insights about it within seconds. Along with this, it also provides future trends and recommends approaches or strategies that companies should follow. All these will then assist the organizations in making informed decisions.
It offers solutions for product-based analysis, marketing analytics, ERP reporting, and WooCommerce analytics.
Moreover, this tool supports integration with a variety of data sources including WooCommerce plugins, SQL databases, files & sheets, data warehouses, and many more.
The good thing is that it is available in both and paid versions. The paid version includes multiple plans (starter, Pro, & Enterprise) to serve users with different budget requirements.
Final Words
The advancements in Artificial Intelligence have completely changed the field of business in many ways such as automation of routine tasks, 24/7 customer support, and many more. In this article, we have explained the major ways in detail, along with this we also discussed some useful AI-based tools that businesses can consider using.
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