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Monday, January 18, 2021

Efficiency via AI

 Like all of analytics, AI can be an excellent means to provide leverage via efficiency.   Has to be done right and applied to real process.  Do something better, faster, cheaper.  

AI Efficiency Is How To Make Money In This New Reality

Caroline Petersen - in CustomerThink

With the novel coronavirus upending how companies communicate with their clients and each other, artificial intelligence (AI) has become an even more critical asset for business communication. Organizations around the world striving to save money and boost efficiency are turning to AI, and as the world continues to adjust to its new realities, it’s reasonable to assume that many of the changes being made today will continue even after the pandemic no longer controls our lives. It is more important than ever for companies to seamlessly communicate with everyone in their network to remain profitable and competitive.

Before the pandemic, AI usage was already growing in all sectors of the economy as investors sought programs that could solve industry-wide problems. At one point, venture capital investment increased to almost $30 billion dollars in 2019. However, the costs of user adoption using great communication while only relying on traditional approaches can be staggering. ... " 

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