How to Apply Artificial Intelligence (AI) to Your Startup

How to Apply Artificial Intelligence (AI) to Your Startup

Artificial Intelligence isn't only reserved for big corporations or techies. Below are four methods for leveraging AI to your small business.

We're hearing a great deal of news on how artificial intelligence is helping companies grow. Only this week, the White House announced it will launch a unique committee dedicated to AI.

The most frequent misconceptions regarding AI is that it's complicated and it can be only be utilized by large companies. Both are wrong. We are not pretending to be a specialist on the subject, but anyone doesn't need to be a data scientist to understand how to leverage data. There are plenty of simple consumer-facing tools powered by AI which could enable you to operate your small business or startup.

Here are four areas where you can utilize AI in your business to gain freedom.

Simplify Tasks

We use simple AI and voice recognition into transcribing videos to blog posts, a task that used to hire an intern or link hours to complete. A lot of businesses create a gigantic quantity of data, especially when it comes to finances, stock, and online traffic. AI will help streamline and make awareness of the data, saving hours of busy work so workers can concentrate on more human-centric aspects of the project.

Customer Data Handling

Educational start-up Loopa utilizes easy AI to assess customer information and identify which ones are a school or college, based on their email address. "Manually wading through all our buyers would take a really long time this simple script does it for us with no individual intervention," says Saj Devshi, Loopa creator.

AI Enables them to segment based on B2B or B2C clients so they could send email promotions and marketing accordingly. This also prevents user-error occasionally associated with polls or site forms.

HR & Client Service

Chat robots are becoming normal for not only lead generation, but for client support too. The jobs that AI can handle are becoming more and more frequent and are reducing wait times for people seeking to cover a bill or have a question answered online.

"Every Company in each industry is attempting to make sense of AI and how it can enhance their business,"stated Sjoerd Gehring, vice president of talent acquisition, Johnson & Johnson. "Through partnerships with Textio, HiredScore and Google, we are ready to utilize AI to remove gender bias from project descriptions, meet passive applicants with open occupations, and rethink how we function tasks to job seekers on our website."

Even "smart cities" like Grand Rapids, Michigan, utilizes robots for bill paying task. Nowadays, residents like us can pay a bill in under 20 seconds from a telephone with a very little, if any, individual interaction is needed.

"The Goal with AI is to make things simpler and more efficient for clients and to do things which were formerly impossible,"says Jenny Yang, creator of AI-powered tech company Aida, which was recently obtained by Vision Critical to accelerate its existing AI work.

Planning

This might be one of the most frequent ways many small businesses are utilizing AI, easily picking out meeting times and more efficiently organizing a calendar. Scheduling apps like Mixmax have been a record changer, saving us and others precious time in what used to be a back-and-forth email series. But with a little input signal, AI can do more to address some of the very annoying occurrences in office life.

If you've ever been in six meetings in a single day and you realize that getting to the stage in some of them may be hard. AI can be awarded previous meeting notes and utilized to determine the specific right course of actions in a meeting. Unexpectedly a 60-minute meeting becomes 10 and your institution's productivity improves.

While there are a few factors on the fact that AI can impact jobs in the long run, currently many companies are utilizing AI to support employees, not diminish their rankings. Ultimately, AI can make workers more efficient and also help minimize "busy work".