{"id":670,"date":"2019-03-18T18:06:55","date_gmt":"2019-03-18T12:36:55","guid":{"rendered":"https:\/\/cyfuture.com\/blog\/?p=670"},"modified":"2020-05-12T18:30:29","modified_gmt":"2020-05-12T13:00:29","slug":"artificial-intelligence-this-tech-is-changing-businesses","status":"publish","type":"post","link":"https:\/\/cyfuture.com\/blog\/artificial-intelligence-this-tech-is-changing-businesses\/","title":{"rendered":"Artificial Intelligence | This Tech is Changing Businesses!"},"content":{"rendered":"\n

From school going students to business tycoons, everyone is acquainted with the term: \u2018Artificial Intelligence (AI).\u2019 Actually, this ever-growing technology has been in the market for more than a decade. And many corporations have witnessed tremendous transformations since bringing applications of artificial intelligence into use.<\/p>\n\n\n\n

With every passing day, the\ninfluence of AI on every domain of business is increasing. In simple words,\nartificial intelligence is changing businesses. The future of AI is quite\nbright, and we have some statistics to prove the verity of this fact, so have a\nlook: <\/p>\n\n\n\n

  1. As\nper research firm \u2018MARKETSANDMARKETS,\u2019 by 2025, the AI market is likely to\nreach $190 billion. <\/li>
  2. In\n2021, according to market research firm IDC, global spending on cognitive and\nAI systems will touch the $57.6 billion mark.<\/li>
  3. As\nstated by IDC, 40% of digital transformation initiatives will be using applications\nof artificial intelligence in the near future.<\/li>
  4. By\n2021, 75% of commercial enterprise apps will be based on artificial\nintelligence, and this is what IDC has forecasted.<\/li>
  5. By\n2030, China will leave North America behind in terms of economic benefits owing\nto AI.<\/li><\/ol>\n\n\n\n

    Get enough of AI-centric statistics? Keen to learn how artificial intelligence is changing businesses? Pay heed to the following pointers to get an idea about the prominence of AI:<\/p>\n\n\n\n

    1.    Guarantees seamless communication <\/h2>\n\n\n\n

    <\/p>\n\n\n\n

    Remember\nHollywood flicks: \u2018Doctor Who\u2019 and \u2018Star Trek\u2019 in which devices were\nautomatically translating languages so that humans can easily have a word with\naliens without needing to study far-out dialects? Well, this seemed some sort\nof fantasy at that point of time. Nowadays, however, seamless communication\nwith no language barriers is possible, and all thanks to artificial\nintelligence.<\/p>\n\n\n\n

    Many\nprestigious companies, like Google, are using AI-powered machines that can\ntranslate conversations in their preferred language. And if you are running\nyour business worldwide, you most probably have understood the significance of\nthis. \u2018Google Pixel buds\u2019 are a vivid example of how artificial intelligence\nensures flawless communication.<\/p>\n\n\n\n

    Artificial\nintelligence is nothing less than a helping hand for businesses having\ninternational offices, as they can effectively talk with those employees that\nare working in tandem with colleagues present in other countries. In addition,\nsalespeople can also scout for potential leads in non-English speaking regions.\nAs a positive consequence, this results in better sales growth.<\/p>\n\n\n\n

    Read Also:<\/strong> Is\nArtificial Intelligence Really a Helping Hand for the Healthcare Industry?<\/a><\/p>\n\n\n\n

    2.    Makes HR department more efficient    <\/h2>\n\n\n\n

    <\/p>\n\n\n\n

    \u201cDo you know the factor that can\nhelp to achieve business objectives sooner rather than later?\u201d<\/em><\/strong><\/p>\n\n\n\n

    Well, the answer is strong\nrelationships with loyal and diligent employees. This is worthy of attention\nbecause competent workers always help to take the business forward owing to\ntheir experience and multitasking abilities. Thus, for business owners, it is\ninstrumental to make every possible move to pre-empt employee turnover.<\/p>\n\n\n\n

    Nowadays, artificial intelligence\nis deemed as a tool that has the potential to make the HR department of any\ncompany more efficient. How? Let\u2019s find out together:<\/p>\n\n\n\n

  6. Talent acquisition   <\/li> <\/h3>\n\n\n\n

    Talent acquisition is one of the\nmajor benefits that AI-powered applications offer. This cannot be overlooked\nbecause you can secure better growth for your business by improving the quality\nof hire. Nowadays, many established enterprises make use of AI-based tools to\nget nimble job candidates on board. For instance:      <\/p>\n\n\n\n

    Interviewees who come to companies\nlike Vodafone, Nielsen, Unilever, etc. <\/strong>have\nto play a Pymetrics-designed smartphone\ngame <\/strong>during the hiring process. By virtue of this activity, it gets easy to\nmeasure emotional traits and responsiveness of the job aspirants, which\nconsequently, helps to make a good hire. <\/p>\n\n\n\n

    Besides this, it also lowers the chances of making biased employment decisions, which prevents legal issues that can be caused after violating EEOC (Equal Employment Opportunity Commission) policies. <\/p>\n\n\n\n

    All in all, artificial\nintelligence lends a hand while identifying potential employees.<\/p>\n\n\n\n

  7. Career management      <\/strong>    <\/li> <\/h3>\n\n\n\n

    Let\u2019s get it straight; employees\ngenerally stick around with companies as long as they are learning something\nnew or gratified with management. With regard to bettering careers, there is a\nmyriad of AI-driven applications that can help. We aren\u2019t kidding, evidently because\nchatbots are being used in many corporations for career pathing and\npersonalized training. \u2018Gweek\u2019<\/strong> and \u2018Sidekick\u2019<\/strong> are the two major examples\nthat show AI is fruitful for better learning and development. <\/p>\n\n\n\n

    It may come as a surprise to you, furthermore, that artificial intelligence also aids in creating a good image of management in employees\u2019 mind. This happens because of AI-powered chatbots, which answer queries in a jiffy and also help in employee scheduling. Apart from building a business\u2019s brand image, this keeps the hassle of employee turnover at bay.<\/p>\n\n\n\n

    Read Also:<\/strong> The\nRace is On: Artificial Intelligence versus Hackers<\/a><\/p>\n\n\n\n

    3.    Promises better designing work <\/h2>\n\n\n\n

    <\/p>\n\n\n\n

    In this day and age, it is\nfundamental to show creativity, no matter whether you are designing a website\nor making automotive design. But now the question that arises is, \u2018How to come\nup with new ideas every time?\u2019 Well, pal, this is where the demand for applications of artificial intelligence<\/strong>\nsoars.<\/p>\n\n\n\n

    We do have an amazing example\nthat will explain how AI helps to bring out creativity from humans. So, let\u2019s\nget the ball rolling: <\/p>\n\n\n\n

    Dreamcatcher, a program created\nby software development company \u2018Autodesk\u2019, uses AI techniques to assist human\ndesigners in achieving their creative tasks. The significance of this is quite\nhigh, as many reputed multinational companies like \u2018Airbus,\u2019 \u2018Under Armour,\u2019 and \u2018Stanley Black & Decker\u2019<\/strong> are\nalready using AI-driven tools to get designing-related jobs done on time and in\na perfect manner.<\/p>\n\n\n\n

    What\u2019s more, artificial\nintelligence makes the life of designers so easy, all they need to do is\nprovide pertinent inputs to AI-based software, which as a result, produce\nhundreds or even thousands of options in terms of design.<\/p>\n\n\n\n

    If industry reports are anything to go by, \u2018Airbus\u2019, an airplane\nmanufacturer, had brought AI-driven software to redesign an interior partition\nof \u2018Airbus A320.\u2019 The company came up with 45% lighter design than the previous\nsetup. It is phenomenal, isn\u2019t it?<\/em><\/p>\n\n\n\n

    Final\nfew words:<\/h3>\n\n\n\n

    Phew! It was quite informative,\nhuh? Well, we have just talked about 3 areas to give you an idea about how\nartificial intelligence is making a big positive impact on businesses. This\never-growing tech can also be fruitful in other domains like marketing,\nfinance, etc. To be honest, there is hardly an area where AI will not be\napplicable in the future.<\/p>\n\n\n\n

    Do you want to leverage applications of artificial intelligence<\/strong>\nin contemplation of improving business growth? Join forces with Cyfuture!<\/p>\n\n\n\n

    Thanks for considering our\nwrite-up worthy to read!!   <\/p>\n","protected":false},"excerpt":{"rendered":"

    From school going students to business tycoons, everyone is acquainted with the term: \u2018Artificial Intelligence (AI).\u2019 Actually, this ever-growing technology has been in the market for more than a decade. And many corporations have witnessed tremendous transformations since bringing applications of artificial intelligence into use. With every passing day, the influence of AI on every […]<\/p>\n","protected":false},"author":6,"featured_media":676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[41,33],"_links":{"self":[{"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/posts\/670"}],"collection":[{"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/comments?post=670"}],"version-history":[{"count":26,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/posts\/670\/revisions"}],"predecessor-version":[{"id":29137,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/posts\/670\/revisions\/29137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/media\/676"}],"wp:attachment":[{"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/media?parent=670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/categories?post=670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cyfuture.com\/blog\/wp-json\/wp\/v2\/tags?post=670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}