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Now Is The Time To Start Thinking About Artificial Intelligence

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Big businesses are forging ahead with artificial Intelligence (AI) applications. Amazon’s Echo and Google’s Home are just the tip of the iceberg. AI is appearing in chatbots, smart robots and expert systems. But, is AI something the smaller businesses should be investing in now? Or, is artificial intelligence the sole preserve of big corporations? Here’s why every business should be starting to look at the benefits of AI right now.


What Is Artificial Intelligence?Strictly speaking, AI refers to computer software that can mimic independent thought. True AI, though Vladimir Tarasenko Jersey , is something that is only found today in research labs and science fiction movies. The term AI is currently being used to describe several different technologies. It includes things such as machine learning, speech recognition and natural language generation.

How Is AI Used in Business Now?Artificial intelligence is already being used in a wide variety of business applications. The application that most people are aware of is that of speech recognition. Especially in personal assistant applications like Siri, Cortana and Alexa. AI is used in many other business applications as well. Banks are beginning to use chatbots to answer consumer inquiries and perform basic banking transactions. AI is behind the robotic automation of warehouses and production lines. Artificial intelligence is also being applied to business intelligence. Walmart, for example, uses SAP’s cloud-based HANA to process and analyze high volume transaction data. Businesses like eBay are using an AI system called Dono to gain insight into customer behavior.

How to Prepare Your Business for AIBusinesses of all sizes need to start thinking now about how artificial intelligence will impact on their sector. It is the early adopters of AI that will reap the rewards. Like all new technologies, AI may have begun life with the major corporations Jaden Schwartz Jersey , but it is now becoming more accessible to small businesses. In the future, AI will become more readily available, and it will become cheaper to access. Here are the steps that every business needs to take to prepare for AI
Familiarize Yourself with AI Technology

Now is the time to start learning about AI. Research the existing applications of AI and investigate the expected future applications. Understanding what AI can do now, and what it will do, will start you thinking about how you could apply AI in your business.
Take a Fresh Look at Your Business

Start with a blank piece of paper and look at how AI could give your business a competitive edge. Look at how the technology might be employed to automate repetitive tasks and solve problems. Consider these possibilities in business terms. Define quantifiable outcomes for them, and then measure the potential benefit to your business.
Grow Your Use of AI over Time

Use AI to reduce costs and then reinvest those savings in further uses of the technology. If you have a website that generates a lot of customer inquiries Cheap St. Louis Blues Jerseys , for example, consider the possibility of using a chatbot to ans. Wholesale MLB Hoodies Cheap College Shirts Cheap Jerseys Online Cheap MLB Jerseys China Cheap Basketball Jerseys Wholesale NFL Jerseys Wholesale Jerseys Wholesale Jerseys Wholesale NFL Jerseys Wholesale Jerseys China