Artificial intelligence = innovative business practice

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Artificial Intelligence Innovative Business
Practice
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INTRODUCTION

• Artificial Intelligence (AI) is reinventing the
  contemporary business practices performed by
  successful businesses. AI allows better machine
  learning that causes a better customer engagement
  through efficient business operations leading to
  an increased conversion rate. This presentation
  will highlight a few benefits of using AI by
  businesses today.

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AI uses automated responses to cater customers
queries and FAQs. This way the customer is
instantly engaged and guided throughout the
business process.
Automated Customer Interaction
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AI uses highly advanced and creative ways to
assist the customers while they are shopping
online. Tech Giants like Amazon use AI to provide
personalized shopping experience for their
customers.
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Personalized Experience
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AI records, sorts and presents data in a more
effective way. This allows any business to create
working trends and enhances the efficiency of
data mining at considerable levels. This practice
is used for effective decision making and aids in
the strategic planning for business activities as
well as strategic marketing practices.
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Effective Data Mining
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AI can be equipped to assist customers by
providing automated responses and query
solutions. AI acts as the virtual assistant for
the customers and represents the business while
they are shopping on a digital platform.
Real Time Customer Assistance
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Data collected with the help of AI is smart
enough to be used as business prediction or
forecasts. This practice is usually helpful when
a business intends to grow or add a new product
line in their existing business practice. This
data can also be used to predict the sales
turnover for effective business planning.
Forecasts Predictions
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AI is used for automation of robots and even
climate control in a particular premises. Japan
is leading in the AI-based production units
throughout the country. The concept of smart
buildings is also assisted by the use of Advanced
AI usage since it provides ease in automation of
HVAC units.
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Improved Operations
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AI is creating a challenging environment for the
recruitment agencies around the world. Mainly
because AI is being used by big businesses for
smart hiring as it shortlists the best candidates
for a particular job instantly, creating ease for
the overall effective human resource practices.
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Efficient Recruitment
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