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3 keys to Artificial Intelligence applied to the enterprise that you must follow to be successful

Artificial Intelligence applied to the enterprise

If you are looking to improve efficiency and productivity in your business, artificial intelligence (AI) could be the solution you need. AI is revolutionizing the way businesses operate and can provide a significant competitive advantage. In this article, we will explore the 3 key actions Artificial Intelligence applied to the enterprise and how you can get the most out of this transformative technology.

AI in the business world

There is no doubt that Artificial Intelligence has made its way into the business world in recent years. More and more companies are adopting these new technologies to optimize their operations, streamline customer service and create personalized advertising.

But it doesn’t end there, the growth of this trend will continue to grow over the next few years. By 2023, spending on AI systems is expected to reach $97.9 billion, more than double the average of the $37.5 million that was forecast for 2019.

These new figures represent an annual growth rate of 28.4%, according to the Worldwide Artificial Intelligence Systems Spending Guide report by the consulting firm IDC.

Clearly, this data only indicates that artificial intelligence and the benefits that can be realized by organizations around the world are set to grow. Therefore, it is important that you review the ways in which this new technology can positively impact your business sooner rather than later.

According to the survey conducted by CEO association Vistage, 29.5% of business leaders agree that AI is the technology available that will have the greatest impact on their organization, regardless of the sector they are in.

Remember, AI is not only a tool designed for large companies, but also for SMEs. If you want to know how Artificial Intelligence applied to your business can be a resounding success, take a look at the 3 keys mentioned below:

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1. Understand AI, what it can and cannot do for your business?

Artificial intelligence is one of today’s most promising technologies and its application in the world of work can completely transform the way companies operate and compete in the marketplace.

However, for many entrepreneurs, AI can seem like an unfamiliar and overwhelming world. How can you begin to understand this technology and harness its potential for the benefit of your business? 

Here are the features and advantages of Artificial Intelligence applied to the enterprise: 

Simulates human cognition

Artificial intelligence is defined by its ability to mimic human thinking, and its research focuses on cognitive computing. Simply put, it is based on pattern recognition, data mining and natural language processing. 

In view of this, artificial intelligence applied to the company would allow savings in resources and human efforts. In a very short time, your employees could direct the efforts they used to dedicate to certain tasks to new activities of greater value for the company.

Automates processes

Task automation is one of the most prominent features of AI. This technology allows redundant, time-consuming and exhaustive tasks to be executed by machines or programs, rather than by people.

The combination of robotic process automation (RPA) and artificial intelligence (AI) creates intelligent automation (IA). This powerful technology is widely used by companies to automate manual tasks and achieve efficient processes.

Works relentlessly

Artificial intelligence is able to operate constantly without a break, allowing programs to advance at an impressive speed. It is especially valuable in activities that require a permanently operating, uninterrupted staff to function properly. 

Therefore, artificial intelligence applied to the company can optimize production times and efficiency. 

It is accurate

Artificial intelligence is characterized by its high reliability and accuracy in executing tasks. Although its degree of accuracy depends on the design of the software, the probability of failure is very low. 

In addition, errors allow for constant improvement of AI designs. Artificial intelligence applied to the enterprise must be one that has the necessary structure to meet the needs of your business. 

Handles large amounts of data

The ability to handle huge amounts of information is an essential feature of AI. Big Data refers to the volume of data so vast that it is necessary to use specialized tools to deal with it correctly.

AI is responsible for handling the data that Big Data makes available, and it is the machine that harnesses its fuel. The combination of these technologies has led to the creation of specialized tools and the training of new professional profiles.

Artificial intelligence applied to business is vital to keep pace with innovation. To choose the right one, here are the main types of AI and their applications in business:

Artificial Intelligence applied to the enterprise

2. Identify your business needs

The adoption of artificial intelligence applied to the enterprise can generate a wide variety of benefits. These range from increased operational efficiency to optimized decision making and the development of new products and services.

Here are some steps you need to take to identify which areas of your business could benefit from the use of AI:

Artificial Intelligence applied to the enterprise

Evaluate existing business processes

Identify the processes that are critical to the operation of the business and assess whether there are opportunities to improve efficiency by implementing AI. For example, there may be processes that involve the input and output of large amounts of data that could be automated with the help of AI.

Analyze the data

Data is the fuel for AI, so it is important to evaluate it, determine whether it is sufficient and of sufficient quality to train an AI model. 

Artificial intelligence applied to the enterprise must have insufficient data to function successfully. Therefore, it is important to consider options to collect more information or to acquire data from third parties.

Identify business problems

Analyze your current business problems and consider whether AI could be used to solve them. For example, if your business has problems with quality control, artificial intelligence applied to the business could be used to identify problems more quickly and accurately.

Identify opportunities for customization

If the business has a large number of customers or users, artificial intelligence applied to the business could be used to personalize products or services for each of them. This could help increase customer satisfaction and retention.

Evaluating potential ROI

Finally, it is important to evaluate the potential return on investment (ROI) of AI implementation. Consider implementation costs and potential benefits, such as improved efficiency, reduced costs and increased revenue.

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3. Successfully implements artificial intelligence applied to the enterprise 

Artificial Intelligence is becoming increasingly relevant in the business world. Successfully implementing this technology can be a key factor in improving productivity and decision making.

However, inappropriate use of AI can result in problems related to data security, system performance and insufficient staff training.

Therefore, it is important for companies to take the time to evaluate AI implementation options, as well as conduct testing and refinements to ensure its effectiveness. What should you keep in mind when developing artificial intelligence applied to the enterprise? At a minimum, you should consider these two key points:

Artificial Intelligence applied to the enterprise

Consider options for integrating or building AI

Depending on the budget and the skills of the workforce, there are two options: create your own AI model or adapt an existing one. It is important not to rush the process to ensure efficient and safe use of the technology in the company.

Building a customized AI can take several months or even more than a year, while using an existing system can be faster and easier to integrate. That’s why the type of AI applied to the business should be aligned to your objectives and should not be chosen randomly. 

Test and measure AI results

To ensure that the implementation of artificial intelligence is effective, it is essential to carry out tests for a certain period of time to verify its correct functioning. The duration of these tests will vary depending on the business and the use of the platform.

By looking at hard facts such as order times, sales improvements, productivity and achievements, you will be able to make more informed decisions on how to implement AI in the business.

During this testing period of artificial intelligence applied to the business, you should make refinements to the system to optimize AI performance and ensure that it is in optimal condition. This may include adjustments to the algorithms used, the incorporation of new functionalities or the elimination of those that are not effective.

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The implementation of artificial intelligence applied to the enterprise can be a crucial step to achieve success in the digital era. The use of different tools can optimize processes, improve user experience and increase efficiency.

If you want to start your digital transformation and take advantage of the benefits of artificial intelligence applied to the enterprise, do not hesitate to contact our team of experts. We are ready to help you design and implement an AI strategy tailored to your specific business needs. Request a consultation today and start transforming your business structure!

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