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Nidhi B S posted an update
Future of AI in business
Artificial intelligence (AI) is expected to transform businesses in many ways, including customer service, marketing, and supply chain management. AI can help businesses become more efficient, streamline operations, and make better decisions.
How AI will impact businesses
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Customer service
AI chatbots can handle routine queries, freeing up human agents to focus on more complex issues. -
Marketing
AI can help with predictive sales analysis, dynamic pricing, and product design. -
Supply chain management
AI can help with due diligence for deals and navigating regulations. -
Financial operations
AI can help with fraud detection, risk management, and algorithmic trading. -
Automation
AI can automate repetitive tasks, allowing employees to focus on more strategic and creative activities.
Other AI applications
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Personalized customer support
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Improved network security
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Anomaly detection
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Fraud detection
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Preventing data breaches
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Automating investment strategies
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Assessing creditworthiness
AI is expected to continue to grow exponentially, and businesses that effectively integrate it into their strategies will be well-positioned to thrive.
https://www.forbes.com/councils/forbesbusinesscouncil/2024/01/26/the-future-of-ai-in-business/
What are some current AI trends in business and what value do they bring?
The trends in business that we see today in AI are largely coming with the increase of efficiency and productivity for many firms. Through the distribution of AI to different open AI models, more companies are exploring the possibilities to have some form of machine learning in their operations.
Many years ago, in trying to improve manufacturing and production, these improvements were related to the physical world. We now see a very similar phenomenon happening with service companies; they’re trying to use AI to enhance what they do.
For example, marketing today is much more about digital interfaces because technology made it possible. Now with AI as part of the equation, it changes even more — interfacing with customers, profiling, the kinds of campaigns, and the algorithmic governance that we have.
https://professional.dce.harvard.edu/blog/whats-the-future-of-ai-in-business/
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