10 Business Functions That Are Ready To Use Artificial Intelligence

by Robert Smith Technology Expert

Relying on technology is inevitable. You can find a plethora of uses of different technologies in different business processes. Whether it is securing the data or creating a machine that will perform with the same intelligence level as that of humans, you can find a number of uses of technology. AI has witnessed one such prominent technological development in the last decade. It is expected that by the end of 2020, the AI software market will grow to 154 percent year-on-year, making its market expand to a size of 22.6 billion US dollars. This will eventually pave the way for the need of artificial intelligence developers. 

Artificial intelligence (AI) is a new driver of change and has the potential to impact the way the work is done. It is reinforcing the role of the people and thereby helping in driving the business. 

As per the research of Accenture, the impact of AI on 12 developed economies shows that AI can double the economic growth by 2035 by changing the nature of work. It is expected that AI will increase labor productivity by 40%, thereby making people use time more efficiently.

AI is a lucrative career option. With more and more companies relying on AI, it is going to become an integral part of most of the business operations. With the expanded work on AI and its implementation, there is going to be greater demand for a skilled workforce and pursuing artificial intelligence training will increase your prospects of a good job.

As per the report published by the World's Economic Forum in 2018, it is expected that by 2022, there will be 133 million new jobs in AI, and an artificial intelligence certification program will help you fetch a secured position in your organization. 

How is AI going to impact different business segments?

When it comes to the impact of AI, then it is omnipresent, from your voice command to gigantic machines following pre-programmed instructions, you can find wider use of this technology across different segments. 

  1. Marketing- One of the segments of business where AI can be of great use is marketing. Drawing inferences from the previous purchase and consumer preferences will help in making the right suggestion and also deciding on the pricing strategy to help them make a confirmed buying decision.

  2. Gross sales- Another way that AI can prove to be helpful is in gross sales forecasting, predicting what the buyer wants and enhancing the communication with the customer, thereby ignoring customer experience. Machines, when well-programmed, can help the salespeople in estimating whom they should connect with and follow up, thus promoting more conversion. 

  3. E-Commerce- Most of the e-commerce businesses are now relying on AI. Some of the prominent Artificial intelligence in e-commerce is by promoting smart searches, product recommendations, and dynamic price optimization.

  4. AI in Business management- Seamless business management is important for every organization, whether it is sorting the email or quick response, AI can prove beneficial in all aspects. AI can prove useful in having spam filters, voice to text features, smart emails, smart assistants like Siri, Google now, smart devices, automated insight, security surveillance, etc. 

  5. Human Resource – You must be wondering how AI can prove beneficial in Human Resource. It's an indisputable fact that AI can help human resource people improve their efficiency with the feature of its data-based decision making. It can help in the screening of candidates, thus making the recruitment process easy. An example that we would like to mention here is of PepsiCo; the company uses Robot Vera to phone and interview the candidates for the open sales profile. This is just one example, there are several other ways in which artificial intelligence developer can prove useful in formulating programs and applications that can help human resources.

  6. Manufacturing – Another business function that makes use of AI in manufacturing. With the help of AI, we can enhance the productivity of the manufacturing process. Companies like Heineken are using data analytic at every stage of the manufacturing process. With the help of predictive intelligence, one can anticipate the demand and pump up the production process when required. 

  7. Finance- It is one of the integral pillars of any organization. As per the reports of Accenture, finance professionals can be freed up from the repetitive financial task, as AI enables software and application to take up the charge. Besides, it also reduces the probability of manual error, thereby enhancing business productivity and promoting business growth.

  8. Research and Development- R&D is important for any organization, and incorporating AI will help in enhancing the same. It will fasten up the process; it can automate many tasks and also reduces the probability of errors, thus making the R&D more efficient and flawless.

  9. IT Operations- Application of AI in IT operations is inevitable. The application of machine learning and data science to IT operations problems or AIOps is used to do error analysis and automation of many IT processes. As the IT systems become more important to support business, blending Ai with IT is going to improve the process. 

  10. Maintenance of the building- This is one of the most common applications of AI. Building Automation is not a new concept. Many commercial and residential projects are being built on this concept. It helps in controlling temperature, lights, IoT, security systems, etc.

These were a few of the many uses of artificial intelligence. With such a wide spectrum of use, there is going to be greater demand for skilled artificial intelligence experts and artificial intelligence developers who can help in the implementation of the same. 

Finding the way ahead-

AI indeed promises a great future, and at the same, it is also important that one has to go for an artificial intelligence course that can help in learning about AI and its use cases. Global Tech Council is here to help you in the same. We are one of the preeminent online platforms providing artificial intelligence certification. Our artificial intelligence course has been designed as per industry standards. This online training primarily aims at imparting the best information about AI. If you are willing to make a career as an artificial intelligence developer, then you must enroll for the artificial intelligence training program.

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About Robert Smith Senior   Technology Expert

148 connections, 2 recommendations, 614 honor points.
Joined APSense since, September 19th, 2019, From Louisville, United States.

Created on Apr 14th 2020 04:11. Viewed 327 times.


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