The Covid-19 global pandemic has obviously accelerated our dependency on technology. From businesses, to online classes, to working from home, and even online shopping, we heavily depend on technology. Artificial Intelligence (AI) plays a vital role in making these online activities way more reliable, easy, and safe. AI is especially significant for organizations because it offers massively tailored services, which customers are increasingly seeking. No longer considered futuristic, AI is here to stay.
Almost every company can benefit from AI. Online merchants are combining augmented reality and AI to build virtual showrooms with 360-degree views to provide buyers with enhanced shopping experiences for everything from cars to apparel to furniture. To find keywords in resumes, Human Resources (HR) departments use AI-assisted filters. To improve online customer services, chatbots come in handy. AI software is frequently used to manage shipping and supply chain management. The monthly email newsletter you've been receiving? That, too, is AI.
As AI is making a huge impact across every industry, there are still obstacles that inhibit many organizations to apply AI to its industry. Through research, its been found that AI technologies and expertise can be too expensive, especially for a smaller organization.
So what is a small business to do if their budget happens to be far lower?
How are they able to implement AI to their businesses?
Why is AI Vital for Businesses?
Before we dive deeper into how businesses can implement AI, let's take a look at why is AI so important in businesses regardless of the organization's size.
In today's economy, data is a priceless resource for any firm. Your business data, on the other hand, will be meaningless if you can't make sense of it.
AI computers are adept at quickly processing data in order to generate relevant responses to any business inquiry. Based on what they learn, they provide accurate projections and consumer demands. No human will be as quick and as accurate as AI technology in predictive analytics.
Besides predictive analytics, AI-powered chatbots enable organizations to deliver customer service 24 hours a day, seven days a week. AI has allowed businesses to automate conversations via emails, online chats, and even phone calls. The benefit of AI is that it can connect with multiple clients at the same time and successfully react to their questions on websites or apps.
While AI is not without flaws, it is significantly more accurate than humans. Even for highly urbane systems, AI technology accuracy often ranges from 99 to 100 percent. Cash flow forecasting is the most time-consuming and prone to human error procedure in any firm. AI technology can aid in boosting the accuracy of cash flow forecasting without the need for human intervention. This increases the likelihood of the company's success.
How Can Businesses Effortlessly Implement AI?
Back to the question imposed previously, how can businesses, especially small businesses with low budgets, implement AI without having to hire a team of data engineers?
The answer is, through no-code AI. What exactly is no-code AI?
No-code AI is a code-free technology that allows businesses to use AI to do various tasks such as data classification and analysis, as well as the creation of AI models that fulfil specific business needs.
Not only do no-code platforms help users with zero coding knowledge, but it also helps developers save ample time with easy-to-use, drag-and-drop features.
No-code AI is designed to help democratize the usage of AI and Machine Learning (ML), making it more accessible to a wider range of businesses. No-code AI can be tailored to a company's specific requirements by utilizing platforms and integrated modules. While no-code AI will never be entirely a customized software, it can frequently be tailored to meet specific business requirements.
It is costly to implement fully customized AI solutions. No-code AI could be a good compromise for firms wishing to deploy AI with less stress and without the need to hire an AI team, which directly saves costs. Depending on the sector, no-code AI can be used for a variety of tasks, including process automation, decision-making, data analysis, marketing campaigns, customer care and chatbots, and more.
Choosing to implement no-code AI in your organization is not a decision to be taken lightly. As with any business decision, it's critical to consider how the desired solution will fit into your overall ecosystem ahead of time. If you don't, you can end up with a costly piece of technology that doesn't operate as planned. In some circumstances, a fully customized AI solution may be more beneficial to your company than a no-code option. This, however, will only be discovered through a more in-depth examination of your company's specific requirements.
Need AI solutions for your business?
Have a Machine Learning model but don't know how to deploy?
Have a lot of data but don't know how to leverage the most out of your data?
With Ever AI, a no-code AI platform, you can deploy your model easily and continuously monitor your model by using an interactive user-friendly interface.
We also provide a NO CODE End-to-end data science platform for you.
Visit https://www.ever-technologies.com/ever-ai for more info.
Would you like to understand the theory of AI better?
Contact us to have our trainers organize a workshop for you and your team.