Artificial Intelligence for Your Business

October 30, 2017

According to a recent survey done by PwC, it is predicted that artificial intelligence is going to drive the global gross domestic product (GDP) profits of a whopping $15.7 trillion by the year 2030. Doesn’t these statistics make it evident that artificial intelligence is here to change the way businesses function? In fact, 24% of the global companies have already opted for artificial intelligence for their business to get an edge over the competition. After all, a blend of machine learning and language processing along with cognitive abilities to work is something that is way more ahead than human intelligence, thereby stimulating error-free and fast work.

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So, wouldn’t you want to incorporate artificial intelligence in your business and go a notch higher? Moreover, a survey done by Gartner says that by the end of 2020, 85% of customer interactions will be done without human interactions. Have a look at a lot more benefits of artificial intelligence for you.

Impeccable customer service

Customer services improve significantly with artificial intelligence. Wondering how does it happen? Well, this is where chatbots come. Not only they replicate and understand human language but, also solve simple to complex problems by managing phone calls, live chats etc. From Starbucks to Sephora, everyone uses chatbots to trigger customer satisfaction. While the Starbuck’s chatbot tells the customer about the order and total cost, Sephora makes use of chatbots for giving product reviews and makeup tutorials to customers.

Facilitates risk management

Artificial intelligence also works critically for managing the risks associated with a business. With technologies related to deep learning, businesses can actually predict the investments risks for their clients. Since they seamlessly analyze a huge amount of data, stock market fluctuations can also be monitored through artificial intelligence, thereby facilitating smart decision-making for the business.

Optimizes inventory

With machine learning technology onboard, a business can also predict the quantity of supply needed while anticipating the revenue generation. Hence, it plays a great role in predicting sales and optimizing inventory. In this context, platforms like HubSpot and Marketo make use of high-end logics to trigger the automation of workflow creation and get hold of leads who show some interests in their products/services.

Works as a great management tool 

There are a plethora of AI tools in the market that can manage your business functions. From managing meetings, scheduling conferences to planning a business trip, they can do it all flawlessly.

Enhanced client engagement

Artificial intelligence has revolutionized the way businesses interact with customers and escalated client engagement. Once they interact with humans, they collect their behavioral data and respond in accordance with their mood and needs. They even understand emotions and interact with customers on a more personal level, thereby significantly increasing the customer engagement with the business.

Provides high-end security

The unprecedented growth of technology has also given rise to cyber-crimes and data thefts. However, with AI’s machine learning technology, you can make your business highly secure. These algorithms are very accurate and precise in accessing and debugging fraudulent activities and data anomalies.

From the above-mentioned benefits, it is quite clear that investing in artificial intelligence can prove to be a very smart strategic decision for your business. Any business can make AI a part of its business process and boost its sales as well as revenue.

Ready to take the AI plunge? Wish to scale your business through artificial intelligence? Signity Solutions can be your go-to name for incorporating the best of AI tools for your business. Years of expertise have made us a pro in understanding and implementing a client’s vision into their business. For any queries, feel free to reach out to us here and we will get back at the earliest!

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