AI Adoption is Transforming the Operating Model in Business Sector

AI Adoption is Transforming the Operating Model in Business Sector

AI Adoption is Transforming the Operating Model in Business Sector. AI in business sector has made widespread advancement through its applications such as machine learning, computer vision, deep learning and natural language processing (NLP).

AI is taking centre stage in industries, including retail and manufacturing

Artificial Intelligence (AI) is clearly a growing force in the business sector. Recently, AI has broken the wrong perspective of many executives and business owners that it is applicable just to big companies like Facebook, Apple, Amazon, Netflix and Google. It is serving every corner possible when it comes to showing its potential.

AI is taking centre stage across a wide variety of industries, including retail and manufacturing. New products are being embedded with virtual assistants, while chatbots are answering customer questions on everything from online office supplier’s site to web hosting service provider’s support page. AI has made widespread advancement through its applications such as machine learning, computer vision, deep learning and natural language processing (NLP).

For business, practical AI applications manifest organisational needs. Business intelligence (BI) insights derived from the data collected, analyzes them and predicts the future. Enterprises can employ AI for everything starting from mining social data to driving engagement in customer relationship management (CRM). It optimizes logistics and efficiency when it comes to tracking and managing assets.

These strategies are not just for big tech companies. Even small organizations can follow the suit to develop their revenue. It is true that big organizations gained a large sum of profit in recent years by implementing AI in their working system. However, the reality is that any organization can adopt, scale and benefit from AI today. A survey conducted by Cognizant suggests that around 84% of the executives of organizations view AI as critical, including 48% believing that AI will be extremely important to their company’s success.

Here are some of the steps that companies could take to put capabilities of AI into action without the need of data scientists.

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