Businesses around the world have suffered blows during the on-going world crisis, and the number of businesses closed (or facing closure) has reached intimidating proportions. Continuing to run a business as it were just another day is no longer an option, so companies and organizations struggle to find ways to stay afloat, keeping their employees and customers on board.
Creating contingency plans and adapting the existing ones has become everyone’s priority, the second one being finding the right partners to back them up in these uncertain times. Unlikely or not, this is where AI steps in.
Artificial intelligence resources and machine learning are not just finding their way into the business sector. They were present in the years prior to the pandemic, assisting enterprises in departments that include lead generation and sales, data collection and analysis, human resources management, competitor analysis, and much more, said John O. from paper writer and SuperiorPapers.
Before 2020, however, leveraging AI to benefit a business still didn’t seem like a necessity that needs to be rushed. A lot of enterprises were holding on, waiting to see how it works out for big corporations before joining the hype. The health crisis of 2020, however, has changed that approach.
To adapt to the current situation on the market, businesses will be expected to innovate and evolve, and AI and ML resources can be just the right partners on the way to reaching this goal.
Most business owners avoid looking out for AI tools that can help their businesses, as they’re not sure where to start and how to single out resources that would work for them. Here are the three steps to take to locate and vet AI partners, so you can find the assistance your venture needs.
The world is still far from the state in which artificial intelligence and machines can replace most of human labor. However, AI is certainly able to take on many tasks that can be automated, leaving more room for business runners and employees to focus on things only humans can do, like creating strategies and streamlining workflows.
Before conducting a search for an AI tool that will help your business, you have to recognize what it needs help with. Is it improving the quality of your content, providing a personalized experience for your customers, generating responses through deep learning? Make a list, then move on from there.
There is one fundamental difference between AI and ML that should never slip your mind.
AI is a very broad concept, aimed at creating “smart” machines able to simulate human thinking capability. On the other hand, machine learning is “just” a subset of AI that helps machines learn in a way that is relatively independent, without the necessity to program every learning pattern individually.
If you’re feeling unsure about AI and ML and need a helping hand to decide what your venture needs most, research the uses and application of AI and ML in business before making a decision.
Investing time and money in tools that will bring innovation to your business is always a good idea, but in turbulent times such as these, it might be a wise move to focus on solutions that will repay their value relatively quickly, bringing revenue your venture needs to go on