We have now entered a new age of technology with artificial intelligence strongly making its way into the tech world, as the debates continue among scholars about the fate of humanity. That the robots will take over the world, the long-drawn industrial revolution finally seems at its culmination with the Article intelligence all set to take over the world. It is therefore a bitter pill to swallow for the employees.
According to WorkMarket’s 2020 In(Sight) Report, it is been revealed that AI and automation are not a thing that bothered employers because of the new prospects it opens up to leverage from artificial intelligence at the workplace. It is also concluded from this report that a sum of 360 hours can be saved annually by utilizing artificial intelligence for providing input in automation.
Based on these reports, this was just a few instances of how AI is providing an edge in the growth of our company. Apart from this here are five Ways Artificial Intelligence which we use Grow our Company.
AI will result in fewer employee expenses:
When it is about boosting the product productivity of employees many organizations do not back down on spending their resources on staff welfare. According to research companies in the U.S were seen spending approximately more than $80 billion on imparting the employee for their development and grooming.
In addition to this, companies also offer the employee various benefits packages ranging from health insurance, dental insurance to flexible spending accounts, paid vacation, and additional paid time off. These provisions and commitments are made to reinforce employees and increase their performance and productivity, but often the results are not very much positive.
Therefore we can deploy the AI-powered robots to perform some of the tasks which are performed by employees. Which will reduce the number of staff and ultimately cut down the expenditure of our firm, which can be used readily as an investment in our firm to aid its growth.
AI erases wasted time:
If we analyze, it will not come to our surprise that out of the over-all working hours not all the hours are used product productivity by our employees and we are paying them for not working for all the hours we hired them to work for. With this negligence of working hours, we can instead opt for AI which can help us automate the routine task. As once we programmed the machines we will get the expected output without fail in the stipulated time, meeting various standards of quality.
AI makes good decisions:
Good decisions are at the core of running and thriving a successful business. For that, we rely on accurate business data to make good informed decisions and judgments.
Usually, companies have enormous data sets that put them at higher risk of error when data collection is in the hands of employees. As humans, we are always prone to error no matter how small it is. We can avoid such inaccuracies and avert glitches as well as huge setbacks by using artificial intelligence for business insights and data collection.
AI helps minimize errors:
As seen in the last point, AI not only helps us to make informed decisions but also virtually closes the possibilities of human error which is inevitable. Such errors can even harm the reputation of the firm and also ruin an organization’s finances.
We can use artificial intelligence to create a controlled and virtually error-free environment for quality work
AI gives good customer service delivery:
Customers are an integral part of any business and providing them quality customer service and support is a must to grow our business. We can go one step ahead and use artificial intelligence to enhance the customer’s services by providing them 24 by 7 service. By deploying high-tech applications, we can help our customers register and resolve their issues in real-time. Like for instance the Groupby Software which is developed by GroupBy Inc. The Company offers e-commerce solutions that transform the way retailers interact with their consumers online.