Using AI Within Your Business Processes
What are Artificial Intelligence and how can it help your business? If you are working in the B2B market then you have to be very careful of what you do because one wrong move can bring your entire enterprise down. In this day and age where technology rules, your business cannot afford to be caught off guard. This is where chat Bots and algorithms come into play.
Chat Bots are very intelligent applications that are used for conversation on social media sites such as Facebook and Twitter. A chat Bot application can use natural language processing techniques to detect specific keywords and phrases from a conversation and suggest appropriate replies. A weak AI system can miss the mark quite often or say something that is not appropriate. This means you may have to get more creative with how you word your marketing materials. However, if you want to ensure the effectiveness of your efforts then this is a definite must for businesses who are using artificial intelligence and deep learning to make their efforts pay.
Another advantage of an artificial intelligence system is the fact that it can adapt to ever changing business trends and quickly adapts. This means that you do not have to change your marketing strategies because your business model becomes more sophisticated with time. With the passage of time, human decision making skills become less robust and because of the importance of trust, a strong AI system becomes an essential part of any business. So is there a difference between using AI and deep learning vs. machine learning?
There is no clear cut answer to this question but we can take a look at the pros and cons of artificial intelligence and deep learning vs. machine learning. One obvious advantage is that the latter relies solely on numbers to make decisions and does not rely on human logic. Another advantage is that it does not require a significant investment in terms of hardware, software and staffing. The only thing required is to train the artificial intelligence system using relevant deep learning algorithm to make decisions. Deep learning uses artificial neural networks, where it works alongside actual people to make better decisions than just cold calculated one’s.
Machine learning uses old and proven algorithms to achieve certain results. However, these old and proven algorithms do not always give the right output. While, artificial intelligence on the other hand continuously learns from its experiences and it applies these learned results through new and improved business processes.
Deep learning algorithms are designed by humans and they are much more reliable and flexible compared to machine generated output. These work best for specific business processes wherein human behavior is critical. However, artificial intelligence works best for generalized decision making because it is trained using real data and it is able to make sound decisions without the need for human intervention.
In conclusion, artificial intelligence or ai powered systems will definitely change the way you conduct business in the next 10 years. It is already providing the positive impact in every vertical and will continue to do so in the future. The future of business will see an increase in customer satisfaction as well as fewer mistakes made due to poor planning, over-pricing, inaccurate predictions, and inaccurate customer fulfillment.
It is very important for you to use it in order to achieve maximum results from your business process. In fact, the time is ripe for you to capitalize on this revolution in the near future. It is true that the competition is getting stiffer by the day. However, with the arrival of such innovative machine, you can surely win the race. Go ahead and take advantage of your business’ competitive edge today.