Artificial intelligence is not the future. It’s now! Learn how to use this technology to grow and innovate your business. A report shows that more than 1,000 American business officials, 30% of organizations will adopt artificial intelligence(AI) across their whole enterprise in 2020-2021.
Here are 4 effective tips about how artificial intelligence can help to grow your business.
- Use Chatbots
The chatbot market is estimated to reach $1.25 billion by 2025. Chatbots are an interactive artificial intelligence(AI) tool that can replicate a chat with a consumer in a natural language, through websites and apps. Chatbots can understand and react to human through speech or writing. Pretty effective tool!
Chatbots help resolves customer issues quicker, meaning you can deliver excellent customer service. And as they are machines, they can talk to your customers 24/7.
Chatbots can help you decrease costs and improve profits. Also, they can change the way you do business.
- Smarter IoT products – Internet of Things
A great effect of artificial intelligence is the creation of smarter IoT products. Gartner has predicted that the number of interconnected things in use will reach 14.5 billion in 2020, and will rise to 25 billion by 2021.
IoT has completely revolutionized the notion of data handling. In addition to offering greater access to consumer data, these devices track and record how users interact with them, which makes the devices smarter.
Many businesses are leveraging it to interpret the data acquired from IoT widgets for improvement and growth. Also, IoT software and appliances will enable employees to complete tasks faster and make fewer errors.
- Personalization – Customization
Stats show that 38% of customers express an interest in purchasing customized services or products, 50% of them are willing to wait longer for them?
AI algorithms utilize pretty fast big data such as demographics, past exchanges, purchasing tendencies, on-site interactions, etc. It can create distinctive consumer identities. These identities make the task of aligning customers to their preferred services or products very straightforward and amplifying the customer’s experience and engagement.
- Social Media Marketing with Artificial Intelligence(AI)
The impact of AI on social media marketing is huge. More than 70% of marketers like to utilizing AI to build dynamic websites and landing pages and undertake programmatic advertising.
However, the thing that people are most excited about is AI’s potential impact on social media marketing and lead nurturing. Pretty soon, AI will become much more advanced, and a powerful, smart, tool for social media marketing.
Artificial intelligence will influence marketing efforts by nurturing leads via social media. With real-time content targeting that creates up to 20% more sales opportunities. AI will be able to track and begin the process of nurturing pretty fast. So AI can generate more sales.
With so many benefits artificial intelligence(AI), is a must-have tool for your business. Take Action Now!