AI Data Science Solutions Have Become the Need for the Business

“As you deploy data and analytics into the enterprise, it opens up new opportunities for businesses to participate in different areas.” 

– Chris Brahm, leader of the firm’s global Advanced Analytics

AI solutions are disrupting the business world and helping organisations push their boundaries. You may have heard about self-driving cars or robots that perform surgery. These capabilities are powered by AI technologies, including machine learning, planning, scheduling, and computer vision. In fact, many businesses are already using artificial intelligence to personalise the customer experience and develop new products and services.

The advantages of artificial intelligence in business draw out to be a long list, so this article will explore why this technology has become so crucial for businesses.

AI is the Key to Business Transformation Success

The benefits of using technology in a business are endless, as the global digital transformation market is projected to grow from $469.8 billion in 2020 to $1,009.8 billion by 2025, at a CAGR of 16.5% during this period (Research & Markets, 2020). 

So that pretty much explains how much potential Al solutions have to solve many business problems. You may ask how artificial intelligence helps businesses; DBIX has recognised the importance of technology transfer services to customers to save costs, and here are a few reasons why: 

• Improve Employee Experience: 

AI has the ability to identify the employees who need training. It promptly trains them and also provides feedback after reviewing employee performance. AI can also monitor employee performance and provide feedback when needed. In addition, AI can handle repetitive questions regarding company & HR  policies & IT support helpdesk FAQ, thus giving the employee a good experience and focus on their tasks.

• Improve Customer Experience: 

Semrush reports that 80% of marketers in 2020 already had chatbots as part of their customer experience strategy.

Companies can apply AI to customer-facing processes to improve engagement across all channels, including web, mobile and chatbot customer interactions. AI solutions can result in more personalized customer experiences while simultaneously increasing sales conversions, improving brand loyalty. It assists in enhancing existing product offerings by adding data from other sources such as competitor websites or third-party apps that integrate with your platform (e.g., integrations).

• Improve Business Processes 

The business processes can be improved by automating manual tasks such as forms processing, preliminary staff interview, &  evaluating suppliers performance . It will save time for both; employees and managers who are now able to focus on more high-level strategic initiatives instead of being bogged down by basic administrative tasks that take up valuable hours each week. This could help them achieve their goals faster than ever before! 

Artificial intelligence is beneficial for businesses that want to take advantage of innovations and grow alongside the changing tides of technology.

Create Value for your Business with Al Solutions

AI solutions can help you improve your business; it is worth investing in them. Here are some examples of how you could use AI:

• Business Performance – You can use data from machine learning to predict how well a new product will sell or what changes need to be made to increase sales 
• Customer Experience – You can use machine learning algorithms to identify patterns about customers that help you target offers based on their preferences and buying history.
• Business Efficiency – You can automate processes like customer service calls or inventory management using AI software that learns from past interactions without needing human input after the initial setup by an expert.
• Decision Making – Artificial intelligence systems are better at making decisions because they don’t have biases like humans do (at least not yet).
• Inventory Management – It’s estimated that AI can add $1.3 trillion to the global economy in the next twenty years if the technology is used in supply chain and logistics management. It’s because AI aims to make supply chain management more seamless.

Conclusion

We have seen how AI solutions for businesses create value and how artificial intelligence  can turn your ever-increasing volumes of data into cutting edge insights and predictions that will increase revenue, drive cost saving operational, and financial decisions across your enterprise.

. When businesses decide to invest in artificial intelligence, they basically choose to invest in their future. What AI can do for business is undoubtedly an exciting journey for companies as they explore the opportunities offered by AI solutions. So the next time someone asks you why use AI in business? You’d know exactly what to tell them. 

Visit DBIX for further AI Solutions for a more seamless workflow.