© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Five Ways AI Can Influence and Transform Your Business Processes
Posted 28th July 2022

Five Ways AI Can Influence and Transform Your Business Processes

Technology is constantly changing the way we work, and automation is something business owners will be keeping an eye on in the future. This is definitely the case with artificial intelligence, with the global market for AI predicted to reach $267 billion by 2027.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Five Ways AI Can Influence and Transform Your Business Processes

AI Tech

Technology is constantly changing the way we work, and automation is something business owners will be keeping an eye on in the future. This is definitely the case with artificial intelligence, with the global market for AI predicted to reach $267 billion by 2027.

Film and media have warned us that if AI becomes too intelligent, it will take over, and these concerns have fed into real-life fears about technology replacing humans. One study found that around 68.5% of college graduates thought that technology would render them useless or lose their job to it in the near future.

However, AI chatbot can aid human connections and collaborations. With some insights from Rose Moody, Creative Director at Vitec, we’ll take a look at what the results can be, as well as how it can benefit the world of business.

1. AI helps improve productivity

Implementing AI into your business practices can improve employee productivity. As a result, this helps them work more collaboratively. Take meetings for example – you could use an AI program to transcribe the meeting so that you can refer to it later. It could also offer insights on recurring meetings.

The customer service industry also has a lot to gain from this tech. Economic Impact and Genesys conducted a survey which found that 65% of customer experience leaders saw an increase in agent productivity. This shows that it isn’t just workplaces benefiting from AI helping their collaborations; it’s connecting employees to customers as well.

2. More inclusivity and strengthening connections

Over the past few years, remote working has become part of the fabric of working life. In the U.S. alone, over 4.7 million people are using that option. This is another area where AI can assist in forming and strengthening connections.

One of the main pieces of tech used for remote working is video calling, but weak connections can stop work dead in its tracks and slow employees down. However, advancements in AI have seen that it can help boost connections. This lowers the possibility of issues on the call, as well as having the option to make files less big and keeps the collaboration flowing. You could even use it to adjust your lighting and background on the call if you wanted to feel closer to the office.

3. A more personal experience

By using AI to give the option of personalisation to customers, you can improve your connection with them as a result. AI tools can take data and use it to learn what their specific audience wants within their experience and tailor the content to meet those needs.

When a customer feels catered to, this can have a positive impact on customer engagement and can lead to returning business establishing loyalty. And if they have any further needs, AI chatbots can be installed so that simpler questions can be answered quickly and efficiently. This is efficient and allows more time for human agents to focus on the more difficult enquiries from customers.

4. Decision-making

Another area where AI can be useful is finalising decisions. When you have a group of employees collaborating on something creative, it can be hard to pin down one of the many ideas that get thrown into the mix. Some AI tools can be programmed to recognise and analyse certain ideas, with a particular focus on isolating them and making a decision based on data.

There are some digital options for sharing the decision-making process with your employees through the likes of IPTV distribution. So, no matter whether you’re in the office or working remotely, you can feel part of the collaboration and see the progression alongside the rest of the business.

5. Learning benefits from AI

A great business practice to have is established training courses, which AI could help boost. No matter where you land within a business structure, there are always more knowledge and skills to learn in order to progress individually and help the company grow.

However, some of these courses may not be succinct or easy to follow. This is where AI comes in, as it could track where the employees need help in their learning. This aids as a tracking system that can help those who need an extra hand in a more collaborative approach. It’ll also make your employees feel valued and encourage them to maintain their drive to learn more and grow.

Throughout business structures, there are numerous ways that adding artificial intelligence can help boost your processes. Once you’ve gotten past the idea of AI making humans obsolete, you begin to see how many human aspects, such as connecting with others and overall engagement, would be helped by AI. Keeping your employees and customers on good terms and happy is important as a business leader, and AI can help maintain that. All of this helps in making sure your business sees success both externally and internally.

Categories: Innovation, News


You Might Also Like
Read Full PostRead - Eye Icon
Economic Signals To Consider When Trading Forex In The Final Months Of 2022
Finance
11/10/2022Economic Signals To Consider When Trading Forex In The Final Months Of 2022

It’s a mantra that seems almost as old as time itself, but the ‘be fearful when others are greedy, and greedy when others are fearful’ strategy of Warren Buffett has served him well in more than five decades as an investor.

Read Full PostRead - Eye Icon
How to Prepare for Inflation and Prevent Money Problems
News
16/05/2022How to Prepare for Inflation and Prevent Money Problems

Many people have heard the term inflation. Is it really harmful to your personal budget? Yes, inflation means the cost of things increases, and it can affect all the things you purchase on a regular basis including groceries, fuel, and expensive items. Inflati

Read Full PostRead - Eye Icon
How To Transition From a Truck Driver to a Trucking Business Owner
News
07/02/2023How To Transition From a Truck Driver to a Trucking Business Owner

Working as a truck driver means that you experience something new every day. Traveling around the country as a truck driver allows you to make money doing something you love.

Read Full PostRead - Eye Icon
Financial Data Breaches: ICO Reports 8,000 Percent Rise
Finance
07/05/2024Financial Data Breaches: ICO Reports 8,000 Percent Rise

According to the Information Commissioner’s Office (ICO), there was an 8,000 percent increase in the number of people affected by financial data breaches in central government between 2019 and 2023.

Read Full PostRead - Eye Icon
2016’s Most Innovative Hedge Fund Manager, Singapore
Finance
01/07/20162016’s Most Innovative Hedge Fund Manager, Singapore

APS Asset Management was founded in 1995 by its CIO, Wong Kok Hoi, in Singapore. In what started as a pioneer among home-grown boutiques, the firm has continued to go from strength to strength.

Read Full PostRead - Eye Icon
MitonOptimal to Acquire Coram Asset Management in the UK
Finance
21/06/2016MitonOptimal to Acquire Coram Asset Management in the UK

MitonOptimal International, the Guernsey-headquartered discretionary fund management company, is to acquire Coram Asset Management Limited.

Read Full PostRead - Eye Icon
Maximising Value from the Cloud: The Role of Cloud Consulting Services
Strategy
11/01/2024Maximising Value from the Cloud: The Role of Cloud Consulting Services

In the era of digital transformation, cloud computing has become a cornerstone for modern businesses. It offers scalability, flexibility, and cost-effectiveness, transforming how organisations operate and compete.

Read Full PostRead - Eye Icon
Japan Post Acquisition of Toll Holdings
M&A
Read Full PostRead - Eye Icon
Frost & Sullivan: The $700 Billion Connected Life Market that will Drive Change and Growth
Finance
26/03/2015Frost & Sullivan: The $700 Billion Connected Life Market that will Drive Change and Growth

The connected life market has been valued by Frost & Sullivan at over $700 billion by 2020, and the company have outlined this will have on business and our lives in general.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow