7 Parts of Business That Are Artificial Intelligence Ready
‘Alexa. What is artificial intelligence?’ The fact that an artificial intelligence (AI) device is being asked questions like this shows just how far and just how commonplace AI is in our everyday lives. It is important to remember that AI is not a replacement for human intelligence. It is used alongside human intelligence to make quicker and more informed decisions based on actions. It has been around for decades and has needed this length of time to be properly researched and developed. As well as its use in the home, AI has huge potential in the business world too.
Use Number 1: Marketing Strategy
This is a great area of AI to make a huge impact. Searching and analyzing buyer patterns, reviewing target markets, and observing competitors can and is done by people but AI enhances this by not only producing the data but is also executing a strategy moving forward. Humans can do this, but AI reduces human error in data analysis and reduces the time needed to create a strategy.
Use Number 2: Cyber Security – Keeping the Hackers Out!
On a simple level, AI is wasted on cyber security as most online security packages run off algorithms designed to detect and defeat the most common threats. Where AI is of benefit is against more sophisticated threats which fire multiple levels of attack. Suspicious activity is detected earlier and consequently, treats are dealt with quicker.
Use Number 3: Building Maintenance
Quite a common use of AI in businesses. AI is used to regulate temperature, lighting, and security systems within buildings. These happen automatically and eliminate the need for people to sit and monitor data and charts. Human error is eliminated, and businesses run at a much more efficient level.
Use Number 4: Human Resources
A bit of an odd use here with the term human. It is important to remember that AI is not a replacement for human intelligence, more a way of enhancing it. AI can be used to complete tasks that would take the HR department hours.
‘Streamlining job applications is a great way of using AI. Some companies go a step further with this and use the AI to contact candidates and invite them to interview!’ says Jeremy Tremlett, a project manager at Write my X and 1 Day 2 write.
Use Number 5: Research
Yes, for years people have conducted research projects on varying scales and have done so with levels of success. Where AI is such a powerful tool in this area is in the sheer volume of research it can carry out with 100% accuracy. This is then useful to the research team to conclude findings and decide on which way to explore next. A great enhancement of using AI to conduct research.
Use Number 6: Accounts
Using AI within your accounting department does not replace people. What it does is free up professionals to focus on higher-level activities rather than day-to-day, mundane tasks. Day to day jobs can become monotonous which is where human error is a real possibility. Also, the volume of tasks that can be completed with AI means more productivity within the accountancy division.
Use Number 7: Manufacture
Eliminate the repetitive and often tedious jobs within the manufacturing process. By handling this with AI, professional manufacturers can focus their time and skillset on the more intricate parts of the project. Consequently, productivity is increased, and human error is eliminated.
‘It is not just physically completing tasks,’ says Ben Wood, a tech writer at Origin Writings and Brit Student. ‘Artificial Intelligence has the additional benefit of monitoring the demand for products. Rather than a person doing this and instructing an increase in productivity, the AI does this automatically.’
Artificial Intelligence for Business
The developments in AI have been huge and there is no reason that this cannot continue in the future. There are courses available for businesses owners and their employees to attend so that they can stay as up-to-date as possible with new developments in the world of AI. Businesses are set to benefit more and more from AI. In fact, those companies that don’t utilize it are in danger of being left behind in their respective fields and areas of expertise.
George J. Newton is a business development manager at the write my personal statement and Dissertation writing service. He has been married for ten years, perfecting the art of the apology throughout. He also writes for Next Coursework.