AI-Artificial intelligence is one of the prominent aspects that feature in business today. Let us know what artificial intelligence is and how does it work in business.
Due to the COVID-19 situation, many of the businesses were slowed down as work from home became a part of everyone’s life. The destructive disease and fear of losing jobs changed the structure of the business. In such a situation, the organization did need to continue their production and also did not choose to risk lives, following this a new way was introduced which had a higher influence in India with growing industries.
Artificial Intelligence was the best discovery and breakthrough from the situation of COVID-19. AI has changed many things in Business, right from chatbots that reply with the same reasoning that a human can to the immediate email replies and automatic scheduling of meetings and keeping a track of client’s updates was the major change done altogether.
Businesses adapted to this in a very relevant manner and it was the best option for them to do so rather than risking lives. Artificial Intelligence has changed the business strategies very drastically and in turn, has become a boon for all the industries, as it enables many options for the individuals and also has given new opportunities to the crowd.
In the study conducted by PwC, India, it has been said that the use of AI is more in India than in the other countries and yet industries are implementing AI in their businesses.
Benefits of Artificial intelligence in Business:
Virtual shopping is the trending mode of shopping where most buyers indulge themselves in and use of AI enhances their shopping experience by providing them online trials of sunglasses, dresses, etc. recommendations as per customers needs and keeping track with the goods supplied, makes it easier for the customers to get their demand at right time. In short, Artificial Intelligence in virtual shopping reduces the stretch of the customers to the suppliers.
In businesses, strategies and insights are most important and hence, the use of AI helps to predict outcomes and suggest suitable cure or growth options for the industry to flourish. Storage and data mining is possible due to AI and many huge projects are conducted through cloud computing. We can easily find any file related to business and gain insights to make a better place globally.
Outcomes of Artificial Intelligence
Automated replies and emails are one of the best outcomes of AI as we can set replies and messages through a schedule so that none other will have to wait for their email’s unanswered. We are now able to schedule our emails and also opt. for automatic replies.
In process of Hiring multiple candidates, the use of Artificial Intelligence simply enables us to accept or reject candidates automatically if they do not fit the criteria. The use of AI in businesses enables organizations to understand the crowd more easily and predict the stats of the business itself. Above all the AI in business ensures an error-free environment for all the business. India is the highest in using AI facility as the fact of increasing the stability of businesses.
COVID-19 changes many things
COVID-19 is a difficult situation prevailing all over the world and it is a tough crisis for the existing and upcoming businesses. To tackle this situation AI was the most useful tool, which enabled the world to adapt to virtual life.
Many organizations were able to transform their business online and conduct in-depth research for their business which was only possible due to AI. Acceptance of AI was very difficult at the beginning, but as time passed, people have started to engage themselves and adapt to this new era with a welcoming attitude.
AI has been more effective in COVID-19, despite so many challenges. The aspect of AI has made the industry ready for any upcoming challenges like this, it has also ensured that no individual’s life is at stake in situations like COVID. The conclusion states that AI has a drastic impact and influence on the world. Reducing man labor and including human aspects into machines and computers to make them work efficiently is the most wanted technology nowadays. A perfect blend of humanity and technology going hand in hand.