Do You Know Artificial Intelligence & Machine Learning Can Grow Your Sales By 10x?

AI or Artificial Intelligence has tremendously transformed the industry. The technology finds many uses across the industry. Machine Learning and Artificial Intelligence solely depend on data, and it is the Artificial intelligence expert that converts this information into useful data, which eventually helps the system to perform. Coming back to the use of AI and Machine Learning, then the sales division can immensely benefit from the same. In this blog, we are going to unfold how AI and ML can help in improving sales, and at the same time, how going ahead for Artificial intelligenceI, Machine Learning training will help you cement your career as a professional.

Understanding Machine Learning and Artificial Intelligence

Machine Learning and Artificial Intelligence indicate the ability of computers to draw inferences from the collected data. It assesses and analyzed information is then used for the programming of computers and machines so that they can perform flawlessly. 

With the help of Machine learning, the raw data is analyzed and converted into a form that can be used for processing. This technology can be used to solve complex-data-rich business issues, which cannot be resolved using conventional methods or human techniques. Additionally, Machine Learning and AI will help in solving complex business problems and devise solutions that are less prone to error or no error at all.  Companies like Google and Amazon are investing in AI and ML, and in the times to come, there is going to be greater demand for Artificial Intelligence Expert. So, if you want to grow and prosper in the field of technology, then you must invest in gaining AI certification and Machine learning Certification. 

A look at some eye-popping statics:

• In 2017, Netflix saved $1 billion using personalized recommendations by Machine Learning.

• In the times to come, 30% of companies will be using AI for their sales processes. 

• Another example to quote here is that with the help of ML, Amazon has reduced the time between users clicking to buy the product, and the product is shipped, which reduced by 15% (that is a whopping 225% reduction).

How will sales get boosted by 10x using AI and ML?

One of the prominent uses of AI and ML is that it helps in making a personal recommendation to the customers. Here is how it happens:

1. Targeting the right product and recommendations- One of the key factors that you should note is that AI and ML help in targeting the right product the customer using ML Intelligence Engine.

2. Up-sell your product- Making use of AI and ML algorithms, you can easily up-sell your products. 

3. Optimizing pricing- What discount will lure the customer is a difficult question for many companies. Still, with the help of an AI algorithm, your system can easily understand what pricing is going to lure the customers. Artificial intelligence algorithms will tell you the best discounts that you can make so that the customers can make a purchase without you losing. 

How to proceed?