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Tools (15)

AI is Changing How Businesses Work  

Artificial intelligence (AI) is changing many aspects of the business. It allows business owners to offer a personalized experience to their customers. With the potential of this technology, patterns of information can be identified, including customers’ buying history, their preferences, credit scores and other common trends. With the pandemic ravaging the world today, businesses are adopting AI faster as the urge to automate processes continues gaining momentum. Here are some trends and innovations that reflect how AI is changing businesses.

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AI Is Changing the Hiring Process  

Artificial intelligence (AI) is undoubtedly one of the revolutionary concepts of the twenty-first century. For this reason, we hear talks about AI and how it can revolutionize almost every industry in the world. While you might have heard how AI will revolutionize manufacturing, learning, and other industries, not much has been said about the positive impact of AI on the hiring process. There has been an increase in the use of AI in employment circles in recruiting and hiring. Here are a few areas that AI is changing in the hiring process.

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Apply AI to Your Sales Efforts  

We live in a world where customers have become increasingly aware of what they want. As such, pressure is mounting on businesses to deliver quality and develop products and services customized to meet the needs of the enlightened customer. Sales and marketing have become complex, and conversion rates are often determined by how you understand your customer. To address these challenges, companies have started adopting artificial intelligence to give them the push they need to thrive. AI in sales allows businesses to use modern technologies to help machines perform cognitive duties like humans or even more efficiently. As a salesperson, various smart technologies in AI can help you improve your performance considerably. These technologies use AI to predict leads and customers that can buy from you.

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Use AI to Make More Sales

Artificial intelligence (AI) has become one of the leading technologies that have positively affected many industries. Among the sectors that have dramatically benefited from technology over the years is the retail sector. The rise of online shopping, whose adoption rose with the pandemic, has provided both the sellers and the buyers with the right atmosphere to embrace technology like never before. Lately, it has become clear that there is no technology to boost online shopping like artificial intelligence. Here is how AI helps make sales more intuitive.

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AI Can Help with Planning - If You Understand the Processes Involved

When it comes to the advancement of technology, artificial intelligence (AI) is one of the technologies often discussed in tech circles. The recent advances in neural networks have made this technology exciting and have presented new opportunities for future growth. At the same time, it has increased areas where AI can be applied. While this advancement in neural networks is a good thing for AI, planning is also an area that must always be considered to deal with the limitations of this technology.

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AI in Marketing

According to Forbes, many marketing firms use artificial intelligence. 

Leveraging artificial intelligence (AI) is now commonplace in marketing. Tools, platforms, and services put sophisticated audience targeting and segmentation tools at marketers’ fingertips, making it easier than ever to connect your products and services to customers. 

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IoT Takes Advantage of AI

Artificial Intelligence (AI) and the Internet of Things (IoT) are the two hottest buzzwords in the world today. The two, together with big data, dominate all tech conversations and business talks. But when people talk about the benefits of IoT, they often end up talking about what AI will contribute. The two always complement each other since AI’s intelligence is needed to transform the data collected by IoT devices into actionable insights that can be used for various purposes.

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AI is Set to Guide 2021 Efforts

Artificial Intelligence is the next frontier of digital transformation. Businesses and governments are now rushing to invest millions of dollars as they seek to stay ahead of their competitors. The year 2020 was the year that the role that AI can play became apparent. It had a far-reaching impact on health and safety, where it played a crucial role in saving human life in various ways in healthcare and enhancing economic resilience. As we start a new year, AI is set to guide 2021 efforts in many ways.

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AI Just Right for Work-from-Home World

Although many people doubted the benefits of artificial intelligence (AI) before, this technology has proven to be capable of giving more than what many had expected.  One of the areas that appear to reap the most out of the advancement of AI is the employment sector. This comes in as the world races to contain the spread of the COVID-19 by enforcing social distancing modes such as working from home. Throughout this period, remote work and work from home have become the leading area of conversation across the industries. The availability of technology such as Zoom and the advancement of AI and virtual reality have made it more viable for different companies to adopt new means of working while the coronavirus pandemic has acted as a catalyst for this change.

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Emotion AI and Behavioral Profile Pairing Redefine Bank’s Revenues Through its Call Center

Like several other banks in the EU reeling from the impact of the 2009 financial crisis, our client Bank (name withheld for confidentiality) had to take measures to restructure the non-performing loans under a parliament-approved securitization scheme. The Bank uses its in-house call center to contact non-performing loan debtors and negotiate offers to restructure the debt according to the debtor’s unique situation and their ability to pay-out the loan.

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