How SMEs can Use AI to Enhance Productivity
Today, technology has been broadly accepted across the globe. Lately, artificial intelligence and machine learning have gained wider access in recent times. Citing the efficiency and its ability to simplify tasks, AI has been adopted by many businesses. We are aware that AI is an imitation of human intelligence. But does this technology help organizations to boost their performance and overall productivity? Let us see how AI can help small businesses enhance their performance.
Augments Customer Services
In this fast-paced world, every individual prefers quick customer service. Almost all businesses are customer-centric and thus, naturally, the organization depends on its customers to grow and excel. As of now, about 61 percent of the enterprises prefer chatbots over the actual representatives. According to Accenture, about 80 percent of customer service would be carried out through chatbots in the following year.
Helps in Making Strategic Decision
After leveraging AI, the organizations need not depend on inconsistent and incomplete data to make rational decisions, as AI can process huge amount of data at the earliest and simplifies the decision-making process. Also, using AI gives instant updates about the changing customer demands, this feature of AI aids in customizing the product or service according to the customer's preference.
Streamlines Recruitment
AI helps in organizing the existing hiring processes, and particularly focuses on the regular day-to-day practice. AI's feature reduces the laborious hiring process by filtering the right and most suitable candidates. Through this, the organization can cut down the excess time, money and energy the recruitment department usually spend while hiring candidates. Moreover, when the hiring process is being carried out, the recruiters may miss out a few well qualified and skilled candidates, who are suitable for the required position. But, these human errors and manipulations could be avoided with the use of AI technology.
Addresses Data Breaches
In recent times, cyber threat has become a major concern of almost every organization, as cyber attack leads to severe damage and takes a long period to overcome the loss. AI comes as a solution to this most challenging problem as it can spot and alert any suspicious behavior on the website or users with some wicked intentions.
Every organization intends to grow and evolve as one of the top enterprises and thus, many organizations embrace technologies to grow and be productive. AI is one such technology that helps in improvising customer services, faster data processing, cost-effective hiring process, and checks cybersecurity as well. Hence, AI would aid the organizations in being more productive with lesser expense.