Presence of Artificial Intelligence in Business Environment
Artificial Intelligence has become one of the most important aspects of the Business environment today. It has highly augmented business productivity and got incorporated in a day to day business services reducing all the human effort. However, in a survey conducted, respondents said that 83% AI is already in production in their organization, while 78% believed AI will enable them to enter into newer domains. The industries positively impacted with AI are IT/Telecom 60%, Consumer services 50%, Manufacturing/Production 30% and business and professional services 47%.Further, this technology has speeded up the working process of a business and hence giving accurate results.
At the same time, this technology holds a huge potential for online business as well. Making use of AI in any online business provides better customer experience, earning great ROI and predictive analysis. According to the analysis done, AI is expected to tremendously boost and could even prove to be revolutionary for an online business.
Let me acquaint you with the top 6 Artificial intelligence trends that will have a huge impact in this year 2018.
1) Voice Recognition
Voice recognition technology has been rapidly progressing over recent years and use of AI in this technology can now pick out a single voice from a troop. However, this system uses machine learning to recognize the voice prints of a number of people. Also, it reconstructs separately what each person has said and leads to an improved smart assistant. For example, Cortana powered by AI developed by Microsoft help you save your time and effort in your daily life be it a personal or professional. Cortana recognizes natural voice without any manual input, and answer questions using information from search engines.
2) Content Curation:
In today’s era if your business aligns AI with content marketing strategy it could help a business achieve better results and productivity. This could prove to be path-breaking where online marketers can easily create right content using the right channel and reaching the right audience. Therefore, Content Marketing team utilize Content Curation AI to reduce their daily workload and help them focus on improving content strategies. Moreover, this technology could help you collect appropriate information and represent it in an efficient way for your business. For Example, Curata one the popular Content Marketing software is used by several businesses for Content Curation of their brands.
3) Facebook Chat Bots:
Artificial Intelligence (AI) will intensely change the way your business is done today. Facebook Chabot’s powered by AI can become your feasible customer service channel where it will be tough to identify whether you are communicating with a human or computer. AI technology has been by leaps and bounds, soon traditional Facebook Chabot’s will get replaced by multi-dimensional sensor abilities. This would enable the users to experience the impression of talking to an actual human. For Instance, Uber service make use of Facebook’s AI chatbot to help people book cabs and receive driver updates without leaving Facebook Messenger.
4) Digital Marketing:
Artificial Intelligence has been making big news and can tremendously boost your digital marketing business.AI algorithms if chosen could challenge your current digital marketing experts in a huge way. Your Digital business powered with AI could lead to perfect online support interaction whereas you can have detailed report of your prospects. Digital Marketers predicts that 86% of digital advertising budget will be driven by AI initiatives in 2019.
5) Image Recognition that can maximize your ROI:
Earlier Image Recognition was limited to recognizing isolated objects in an image. Now if you utilize AI-enabled software you can possibly identify and describe the entire scene in a picture. A Social Media platform is a great wellspring of pictures. AI will search for images and will contrast it with a vast image library to reach inferences. For example, Amazon has been investing in AI for years and several customers are using Amazon Rekognition for face verification and identification.
6) AI in Data Processing:
In the previous era, the separate workforce was employed for data management or solving business problems with data. Now in today’s era, Artificial Intelligence (AI) will solve problems with data that you might have never heard before. Artificial Intelligence (AI) can change the bottom line for your business, increasing the data efficiency and gaining a greater competitive advantage. Implementation of AI for Data processing minimizes all your human efforts and delivers flawless data. Hence utilizing Artificial intelligence in business would be a more broad strategy to achieve your business goals. For example, Import.io is AI based platform for extracting data on a web page allowing people to convert unorganized data into well-organized form.
Benefits of AI in businesses are making new waves and it would be interesting to see how businesses would turn out in 2018.Predictive analysis and better sales cycle would be the confirmed outcome of this automatic tool where business and customer both would be victorious.