Big data applications

Big data applications (51)

These 4 AI Tools Can Make a Difference for Your Small Business

Artificial intelligence (AI) is a technology that has opened up new opportunities in different industries worldwide. It has proven to be key in decision-making as it offers insights that help turn businesses around by offering efficiency and accuracy never witnessed before. Regardless of the size of your business, AI has a solution to your problems through various tools available to help every step of the way. However, these four AI tools can make a difference for your small business, leading to efficiency and cost cutting, which are key to the profitability of a business.

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Expand Your Operations Using These AI Strategies

Artificial intelligence (AI) may not be a new technology anymore, but that does not mean that everyone understands it and the implications it can have on businesses. From process automation to forecasting for enhanced customer and client service, companies can significantly benefit from the gains and cost savings abilities of artificial intelligence. AI has been a crucial technology for the most successful companies that want to oversee a drop in operational cost and efficiency. As you seek to expand your operations, these AI strategies can help accelerate your business growth.

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Yes, AI can Help Small Businesses  

Previously associated only with Hollywood and science-fiction fantasy movies, artificial intelligence (AI) is now one of the fastest growing technologies with industrial capabilities that are changing the business landscape for the better. In fact, AI is an industry by itself that is projected to surpass $390 billion worldwide by the mid of this decade, up from $24.9 billion in 2018. As businesses become increasingly digital, small and medium-sized businesses are trying new methods of optimizing their operations, and AI is the right tool to achieve this.

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Are You Pursuing Any of These AI Initiatives?  

Artificial intelligence (AI) and machine learning (ML) have emerged as two of the most revolutionary technologies that will change how we operate. According to estimates by PwC, AI will impact the global economy and potentially contribute to more than $15 trillion by 2030. This impact is only matched by a few technologies in existence today. If you have been looking for the newest artificial intelligence trends, 2022 and beyond will see many initiatives of this technology emerging. Here are some initiatives you should expect in the coming year.

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Are Finance Leaders Beginning to Embrace AI-assisted Decision Making?

According to Deloitte and KPMG, more than two in three executives are “not comfortable” using data from advanced analytic systems, and instead prefer to make decisions based on their own intuition. But this state may be changing. A look at Prophix’s recent survey of over 200 chief financial officers, reveals that 82% are planning substantial technology upgrades to their financial planning and analysis (FP&A) processes this year. These include automated FP&A solutions, such as corporate performance management (CPM) software, which are transforming the way finance offices budget, plan and report. That in turn frees up finance teams to draw insights, faster, and play a larger role in strategic decisions. That’s a great start. But if companies truly intend to be data-driven in their decision making, artificial intelligence (AI) and machine learning must be part of that digital transformation.

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Artificial Intelligence Mistakes to Avoid

Artificial intelligence (AI) is changing industries for the better. It is altering the way businesses operate and has hundreds of use cases. However, developing and implementing an AI project to help build a business poses a great challenge to companies and slows adoption. According to research, it is estimated that 85% of all AI projects will fail or deliver poor outcomes in 2022. On the other hand, 70% of companies reported no or minimal impact from AI, while 87% of the AI projects did not even enter into production. With these worrying statistics, here are some artificial intelligence mistakes to avoid as you seek to venture into this new area.

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AI is Changing Customer Service

Using artificial intelligence (AI) for customer service has multiple advantages. Whether a company operates in the financial, insurance, retail or any other sector, AI can help enhance a company’s customer experience.

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AI is Being Leveraged to Write Articles

Artificial intelligence (AI) is one of the fast-rising technologies in the world today and is already showing its worth in many industries. It is used in various areas, from self-driving cars to language translation software. This technology has proven to be so much more than what was thought of in its early days.

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Don't Ignore the Possibility of Using AI in Your Small Business  

Artificial intelligence (AI) is no longer just a buzzword. It has evolved into a technology that can no longer be ignored. With the rising fame of this technology, it is overwhelming to keep up with the trends in these technologies these days. If you want your business to succeed in the coming decade, you must pay attention to the new buzzwords of machine learning, big data and artificial intelligence. As things stand, the survival of your business will depend on these components in the future.

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AI is Making Art Curation More Accessible  

Artificial Intelligence (AI) is fast becoming a crucial part of our daily lives. From writing to driving, it is becoming evident that AI can help in various areas and in different activities that we carry out daily. Art is one of the industries that are benefitting from AI. From the creation of images to curation, AI is slowly making its way into the art industry.

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