“AI has been the game changer for Businesses all around the world. It can help businesses achieve new heights with streamlined delivery and Optimized Business Operations.”
– Peter Inge, Co-Founder and CEO of insightfactory.ai
Are you using AI? Are you using AI to Automate your Business Operations? Is AI shaping your Business to Achieve New Heights?
If not you are leaving a big Opportunity in AI Era. Businesses around the globe are increasingly using Artificial Intelligence (AI) to improve efficiency, save time, and reduce costs. With Advancements in AI, AI has proven to be a profitable resource for companies across different industries. According to the survey performed by Forbes Advisor with 600 business owners, AI has impacted various areas such as cybersecurity, fraud management, content production, and customer support. It is being used in businesses with different application areas as also sourced by a Survey performed by Forbes Advisor in the following figure.
AI has so many benefits for the business, it can help you optimize your business operations, reduce business expenses, and streamline your delivery with automated Workflow. As this new technology advances, business leaders have to decide on the technologies that are beneficial for hyper-automation and business growth. Artificial intelligence (AI) is a technology that has garnered significant attention. It catalyzes business automation, encompassing tasks such as robotic process automation (RPA) on production lines, inventory management, customer support, and human resources administration. Businesses are increasingly adopting AI to enhance and optimize their operations. According to the survey by Forbes Advisor, AI is being utilized across various business functions. The most common applications include customer service, cybersecurity, and fraud management, followed by customer relationship management, digital personal assistants, and inventory management. Additionally, businesses are employing AI for product recommendations, accounting, supply chain operations, recruitment and talent sourcing, and audience segmentation.
Benefits of AI in Business:
AI can have positive benefits for your business, involving:
- Reduced operation time
- Greater business insight
- Reduced human error
- Automation of basic tasks
- Enhanced productivity
- Better customer service
Future of AI:
AI will continue to evolve rapidly, with companies like IBM and Google leading the way. IBM has recently made significant strides in natural language processing to enhance its AI platform, Watson. IBM is also anticipating the development of fluid intelligence, a more advanced form of AI that can integrate various types of knowledge to address complex problems. In November 2022, OpenAI introduced ChatGPT, a language model based on the GPT-3 family and trained using supervised and reinforcement learning techniques. After one year, The GPT-3 has improved to a Completely new Model GPT-4 with advanced LLM operations and Support for Image Processing. In December 2023, Google released Gemini, the next generation of generative AI. Almost after one year, Gemini now takes LLM to the next level and can process not only text but also audio, images, and videos. AI will continue to improve and advance with new capabilities, We need to make decisions for the betterment of our Businesses.
Make a Wise Decision, Get the Best Asset for Your Business.