How AI Technology Could Improve Your Day-to-Day Processing

Before understanding the future of Artificial Intelligence in business, or how AI technologies impact the business world, it is important to know what AI actually is.  AI refers to any computer software that engages in activities usually undertaken by humans, including customer support, business forecasts, and asset management.  Years of science fiction movies have led us to believe that AI is a fleet of sentient robots, but today’s AI technologies are far more subtle.

Most of us interact with AI in some way or another daily.  With its wide range of uses, it is becoming an imperative option for businesses that want to maintain a competitive edge.  So, what are some of the ways you can improve your business with the use of artificial intelligence?

Customer Service Automation

Customer service automation is a customer support process that reduces human involvement in dealing with customer inquiries.  Research shows that 59% of customers are more likely to buy when brands answer their queries in under a minute.  It has also demonstrated a 40% increase in productivity when businesses use AI technologies.

Customers want businesses to make resolving issues easier, but a standard customer service team today can no longer meet customer expectations without AI and automation.  AI allows business owners to provide a more personalised customer experience and can analyse vast data much more efficiently.  By deploying the right AI technology, your business may gain the ability to increase productivity and operational efficiencies.

Using AI to Improve Your Business Processes

Artificial intelligence can enhance sales and marketing and assess and improve customer service, meetings, and product development processes.  It can also be used for automating content generation, enhancing and refining the manufacturing process, and increasing efficiency in asset management.

For the greatest benefits, businesses should consider putting the full range of intelligent technologies into their processes and products, including machine learning, natural language processing, and more.  However, even businesses that are new to AI can reap significant rewards.

Companies today are customised to handle every new software package that hits the market, keeping in mind that AI is an emerging technology that is changing at a fast pace.  Whatever your reason for considering artificial intelligence, the potential is there for it to change how your business operates.  All it takes to start is an open-minded attitude and a willingness to embrace new opportunities wherever and whenever possible.

Using Bartercard to Gain New Customers & Generate Increased Sales Income

One of the most valuable functions of AI’s modern technology in the business world is the application of more online solutions and matters related to sales and marketing.  With their partners, companies can globalise their markets, so clients enjoy more availability of various types of services.  Online advertising, e-commerce and customer support services have internationalised businesses, helping them to reach people worldwide.

In the same way, Bartercard has created a flexible, secure, and fully accountable way for businesses to trade their goods and services with businesses all around the country and the world.  Bartercard is New Zealand’s leading business trading currency, with thousands of cardholders nationally who are effectively using the trade exchange to gain new customers and generate increased sales income.  

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