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Artificial Intelligence (AI), once a notion confined to Sci-Fi novels, movies and research papers is now making a tremendous impact on society Artificial Intelligence is a broad and general term that refers to any type of computer software that engages in human-like activities including learning planning and problem-solving. There are several artificial intelligence applications in consumer and business environments today, ranging from Apple’s Siri to Google’s DeepMind.


Current state of Artificial Intelligence: ●

Artificial Intelligence (AI) is no longer an avant-garde concept today — it is a scientific approach to be planned for, by companies. Several early adopters are going on, switching In a Deloitte survey of 1,500 senior executives in the U.S., 76 percent said AI would change their company over the next three years, and 92 percent said the software was “important” or “extremely important” to their internal business processes. But, the survey also found, challenges abound—the high cost of implementation, the complexity of integrating AI technologies with existing systems, and a shortage of expertise among them.


Business Model Transformation â—?

AI does not only change the way companies work, it also radically change the traditional thinking and sense of teamwork, competitiveness, and creativity. While most AI projects generate competitive advantage by perceiving an entirely new opportunity, improving current efforts, offering a market segment that others have missed, and creating new markets, embedded devices that feed a continuous stream of data on usability, use, output, demands, and more to a central location can enable even more interesting competitive transformations.


Business Benefits and Opportunities of Artificial Intelligence in the Business World: â—?

Business models have changed over the years, from the age of production and marketing to the era of partnership and knowledge. The emergence of artificial intelligence (AI) has changed the very nature of innovations, technology, and inventions over the years.

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AI capability is already transforming the business across the nation by acting as a Support tool. AI can help businesses increase sales, detect fraud, improve customer experience, automate the work process and provide predictive analysis. We’ll look at some of the ways your company can benefit from Artificial Intelligence:


Benefits of Artificial intelligence


Automating Customer Experience ● ●

2 - Digital Marketing ●

AI can hyper-personalized customer experience by analyzing their profiles. AI speeds up the production of certain types and formats of content. With the help of AI vast quantities of data can be processed and make accurate predictions based on patterns that emerge from it. Moreover, AI can predict customer behavior and identify and nurture the most valuable leads.


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It may be bad news for recruitment companies, but AI is now helping businesses automate the recruitment of new employees. It is able to quickly sift through applications, automatically rejecting those which do not meet the company’s personal specification. This not only saves time (or money spent on a recruitment agency), but it also ensures that there is no discrimination or bias in the shortlisting process. The AI programs available can even take care of the many administrative tasks of recruitment.



Conclusion


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How Artificial Intelligence will Transform Business  

Artificial Intelligence (AI), once a notion confined to Sci-Fi novels, movies and research papers is now making a tremendous impact on socie...

How Artificial Intelligence will Transform Business  

Artificial Intelligence (AI), once a notion confined to Sci-Fi novels, movies and research papers is now making a tremendous impact on socie...

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