In the current digital age, AI automation can be an invaluable resource for companies looking to cut down on labor costs, extract data quickly and efficiently, and improve their customer experience. Countless jobs previously believed to be impossible to complete without humans are being handled through artificial intelligence and machine learning software and programs. Some of the most impacted industries include accounting, customer service, data entry, and advertising. If you are looking for cost-effective alternatives to successfully manage your business, investing in artificial intelligence might be the solution you need.
AI Eliminates Busy Work
For those wondering how AI can save your company money, look no further than the hours of payroll fees that you are paying a human to manually input data into an Excel sheet or ERP. Deloitte has predicted that “AI could free up 30 percent of the…workforce’s time within five to seven years.” This allows your company to stop allocating funds to having associates complete tedious tasks such as data processing and frees up that associate’s time to do much more higher value tasks or may even present you with the opportunity to eliminate the need for that position altogether.
Robots Don’t Need to Sleep
Most entrepreneurs and CEOs are no stranger to sleepless nights and early mornings as they attempt to build their companies from the ground up. However, humans have a rather pesky need for basic survival needs like sleep, breaks, food, or personal lives. Artificial intelligence has no such requirement. When talking about how AI can cut back on costs, Techvera shared, “More companies are offering 24/7 customer service by using [artificial intelligence] capable of helping customers with a range of issues — something as simple as ordering a pizza or something more complex, like completing a B2B sale.” AI solutions and their capabilities are growing daily, and companies that embrace them are reporting savings in the 10 figures.
AI Can Learn Human Behavior
We have discussed how artificial intelligence has been shown to save money. But did you know it can also serve as a tool to help make you more money in the first place? According to Times Now News, “Columbia University School of Engineering and Applied Science may have unveiled AI technology that can help predict human behavior.” This is arguably nothing new as eCommerce websites and social media platforms have been able to recommend products based on our past behaviors effectively for years now. With these trends in mind, the need to embrace the future has never been more necessary if a business wishes to succeed.
AI services can be a truly incredible asset when cutting back on your business’s costs and time while improving customer experience. To learn more about how Base64 can help you with your artificial intelligence needs, click here to contact a professional today
