Artificial Intelligence Implementing AI for your Business

By Dwayne Anderson

Nowadays , Companies can use artificial intelligence to streamline operations and to improve the overall customer experience.
With technological advances offering  simpler  and faster ways to automate business processes through chatbots and facial recognition,  the automation of customer service, the analysis of market demand and the use of A.I technology are at an extreme level in various industries.   
This massive impact on business has led many companies to rely on artificial intelligence (AI) to improve their business efforts. A 2018 survey found that 47 percent of companies have integrated at least one AI capability into their business processes compared to 20 percent in 2017. 71 percent have enlisted their AI investments in the coming years. Whether you are looking to run an online business or simply improve customer service, you should think about AI because it can improve your overall business operation and save you a lot of time and money.    
Companies can use data to understand why customers do not adopt a consistent approach. Information derived from data can streamline business processes, speed up tasks, eliminate human error, and predict errors in your actions. Whether cost or time efficiency, AIs "ability to help companies deliver better customer experiences can lead to business growth.   
Implications for entrepreneurs and small businesses
"As an entrepreneur I can't go wrong with A.I at any price," is a common thread amongst those interviewed for this report. While some may see the market transformation as negative for small businesses, those who are already making money from their A.I business see positive opportunity in the technology. "If you don't know how to use A.I to your advantage, you are at a tremendous disadvantage because we're going to see a surge in demand for your type of services. I believe A.I is going to be the future of business."  
AI affects many of the technologies you use in your day-to-day business. For example, social media marketing can benefit from integration of AI tools and technologies that companies use to share their content with the world. AI enables companies to better understand what is important for their potential customers.  
Many companies  therefore need to explore and   are considering  to  integrate AI technologies into their ecosystems to boost business growth, assist  to reduce operating costs, increase efficiency, increase sales and improve the customer experience , and  you made the right  choice  to get started with  this  book-  on Implementing A.I for your Business

• Language: English
• Publisher: Publisher s21598
• Release date: Sep 26, 2021
• ISBN: 9791220850483

Book preview

Table of Contents

Introduction

Chapter 1- What A.I Can Do for You

Chapter 2- How to Incorporate A.I into Your Business

Chapter 3- How to Implement A.I

Chapter 4- How to Get Started Quickly

Chapter 5- Taking Your Business to the Next Level with A.I

Chapter 6- How Much Should You Invest in A.I?

Chapter 7- Trendspotting Using A.I

Chapter 8- The Impact on Your Business Security

Chapter 9- A.I Predictions in Marketing and Advertising

Chapter10-Longer Terms A.I prediction

Conclusion

Introduction

Artificial intelligence is transforming the world economy with applications that range from automated customer service to high-end data services, artificial intelligence

A Brief History of Artificial Intelligence

Robotics and artificial intelligence have existed in one form or another for decades. Many machine learning techniques were pioneered in the 1950's and 60's, and the first formal study of artificial intelligence (A.I) took place in 1952, as part of a program developed by John McCarthy at the RAND Corporation to provide systems that could think for themselves. Fast forward to 2014, and computers were predicted to be better than human doctors in many instances by the end of the decade. But 2014 also marked the first time A.I beat humans at chess , and a team of neural networks beat professionals at the game of Go in 2016. These breakthroughs represent a major advance in A.I, but were achieved by some combination of trial and error, additional research, and human knowledge .

The Future of A.I

Creating an effective A.I strategy involves not only developing an algorithm but ensuring that it integrates into business processes so it can be analyzed and optimized at scale. Companies are applying A.I technology to everything from analysis of old documents to drone tracking, with some initiatives even making use of the technology to translate from one language to another.

Progressing into the  future , we’ve been living in an age of sophisticated computer automation for many years  ,high tech platform  as diverse as cyber security monitoring, urban traffic control, and heavy industry are already being handled with little or no human supervision.

But artificial intelligence (A.I) need  to venture  beyond relatively simple tasks and  macro repetition to train in  higher end servers  to think for themselves - and thereby efficiently solve far more difficult problems.

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A.I in existing Businesses

The price of innovation has never been cheaper. Start by recognizing the ways that A.I technologies can be incorporated into existing business processes. For example, getting a job posting online can be done by a robot, using an A.I chatbot. Once you have a handle on how your business can benefit from the technology, you can develop a plan to make it happen.

A.I in customer service

Many startups recognize that customers are increasingly fickle, and that having the right product or service in place is no longer enough to ensure that a company stands out from the competition. The solution, many firms believe, is to utilize cutting-edge technology, such as artificial intelligence, to help better understand and serve their customers. In the case of customer service, the creation of chatbots can help with improving a company’s relationship with customers. For example, you could create an A.I chatbot to handle customer complaints in a more efficient manner. This could include delivering helpful customer service that answers common questions and addresses any issues.

Implications for entrepreneurs and small businesses

As an entrepreneur I can't go wrong with A.I at any price, is a common thread amongst those interviewed for this report. While some may see the market transformation as negative for small businesses, those who are already making money from their A.I business see positive opportunity in the technology. If you don't know how to use A.I to your advantage, you are at a tremendous disadvantage because we're going to see a surge in demand for your type of services. I believe A.I is going to be the future of business. - Lindsey Stokes,