8/28/2019
11 Artificial Intelligence Trends Every Business Must Know in 2019
11 Arti cial Intelligence Trends Every Business Must Know in 2019 usm systems Aug 28 · 6 min read
Artificial Intelligence (AI) is a game-changer for global businesses, opening the door to countless opportunities. With the integration of AI into businesses, the global economy is likely to grow exponentially in the coming years. While the introduction of AI into business strategies is considered a revolutionary idea, many business executives say that the right application of AI across their organization is to generate maximum ROI and value. This leads to many questions, “How do we educate our staff about AIs? How do we get AI-trained employees? What is the most suitable AI strategy for our business? How do we verify that our AI is trustworthy? Are there new privacy and cybersecurity threats to deal with? “. The answer to these questions is different for each company. Business managers must take the leap of faith into the world of AI to overcome their fear of unfamiliar terrain and keep up with the ever-evolving technology.
It is imperative that business executives focus their time and effort on the following eleven key elements when designing their company’s AI strategy: Scale your AI operations The first and foremost step for businesses to scale their AI operations to increase decision-making and progressive intelligence for workers in each function and division. The key to creating a solid AI strategy is to have a diverse team, which includes the IT department, specialized AI specialists and the business unit. AI models have the power to improve existing processes. The beauty of their algorithms is that single algorithms are capable of solving business-related problems. Therefore, https://medium.com/@usmsystems23/11-artificial-intelligence-trends-every-business-must-know-in-2019-554fd8e01052
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8/28/2019
11 Artificial Intelligence Trends Every Business Must Know in 2019
businesses can start by ensuring the success of small projects and work from big successes to large, broad projects based on blueprints. Appointment and support Another major artificial intelligence intervention of 2019 is the proliferation of smart, predictive and self-learning HR technologies. The introduction of Smart Human Resource Management AI is growing this year with outsourcing from some of the biggest names in HR, such as TalentToday, Maya Systems, Text Recruit, and Workie. These companies offer full HR functions through AI recruitment, headhunting, and supply chain, logistics, compliance, retention and termination services. AI is the right answer in HR solutions to help companies reduce costs, avoid legal problems, increase productivity, and overcome the administrative challenges that often arise when a new venture is formed. Managing your talent As access to AI grows year by year, AI has become a key asset for businesses. However, the use of artificial intelligence is complex and errors are frequent. The solution to this backlash is creating three ranks of employees, each with a specific skill set. The first rank of employees is citizens. Company employees are trained to use AIenhanced applications and practice good governance of data. Second rank employees include business professionals who are trained to identify utility professionals and utility groups. These civilian developers work closely with AI professionals and help create new AI applications. The third and final rank will be for data scientists responsible for creating, deploying and managing AI applications. Building trust and hierarchy Whenever a business chooses a new stage, naturally, fears begin to form; The same goes for the integration of AI operations into businesses. Concerns about bias, privacy,
https://medium.com/@usmsystems23/11-artificial-intelligence-trends-every-business-must-know-in-2019-554fd8e01052
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8/28/2019
11 Artificial Intelligence Trends Every Business Must Know in 2019
cybersecurity, system ethics, governance over AI and understanding how AI can be trusted to make the right decisions. Accountability should be established for each area. For example, FME Designs, a web design firm in Dubai, uses AI Desk to report tasks for clients and take all possible steps to ensure that its templates are safe from the breach and that its customer data is safe from any internal or external cyber-attacks. Assigning tasks requires strong management and fail-proof security to keep them safe. Identify and assign data AI can understand data and turn it into useful information. However, to fully benefit from this feature, you must first properly label the data. Identifying, standardizing and labeling data is of utmost importance to use AI to identify AI models and create useful insights about the future. This aspect is critical to managing risk, increasing the classification of documents, automating customer activity, and assisting employees in making appropriate decisions. AI-Powered Voice Commands Voice search assistants such as Siri, Cortana, and Alexa have been mainstream for quite some time. In recent years, the optimization of voice search assistants with AI has opened many new doors for business in every industry and field. Businesses are now increasingly using conversational AI to identify voice commands for their products. These AIs not only determine the user’s intent but also provide relevant options based on the current state of the machine. With its rapid integration, the businesses of 2019 will benefit significantly from its emerging trends. Personalization strategies The main impact of AIs on the global economy is expected from the consumer side, not the business side. With AI technologies, businesses can create and implement personalized, data-driven services and products. The repetition of AI’s interpretation and models of consumer data can help businesses create strategies and suggestions that help them produce high-quality, audience-focused products. It helps businesses adopt customer-driven strategies that not only improve personalization for customers but also increase their revenue. https://medium.com/@usmsystems23/11-artificial-intelligence-trends-every-business-must-know-in-2019-554fd8e01052
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8/28/2019
11 Artificial Intelligence Trends Every Business Must Know in 2019
Using AI in Digital Marketing Above all, digital marketing has been the biggest advantage of the development of AI. Digital marketing has come a long way since the introduction of AI, making it a highly refined and calculated content propaganda source from primitive forms. There are many companies that build on.AI domains because that’s how artificial intelligence is central to their business. Google’s intensive investment in its AI algorithms has enabled it to automate all of its online marketing protocols for organic and paid marketing. With recent updates, Google AdWords Manager no longer requires Human Run campaigns and instead generates ads automatically and streams live automatically without any interference. This will further reduce operating and QA costs and allow businesses of 2019 to easily create their digital footprint. Predictive modeling Digital marketing is not just about tinging models through AI. These models help to understand buyer intent, customer engagement, exchange rate and cart abandonment at the other end of the spectrum. AI has worked on creating predictive models to eliminate the many challenges that marketers face in understanding buyer behaviors. Predictive models are mainly used in personality creation, which plays a key role in predicting upcoming sales, designing products, rejecting UX disturbances and providing an ideal customer experience. ◌ం With the attendance modeling business, marketers can transform from reactive to proactive planners and effectively close their leakages. Diversifying sources of income Beyond identifying and allocating data, AI has also proven its usefulness in creating new sources of revenue. The use of AI in day-to-day transactions and customer operations helps many businesses in the industry create large databases for designing, implementing, marketing and selling their products. This allows the business to grow into a data source that its peers and new ventures can use to develop their marketing and sales strategies. https://medium.com/@usmsystems23/11-artificial-intelligence-trends-every-business-must-know-in-2019-554fd8e01052
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8/28/2019
11 Artificial Intelligence Trends Every Business Must Know in 2019
Data-as-a-Service is a good proposition to diversify revenue through AI, while at the same time generating value for their brand in the market. In 2019, many businesses are working on data creation and some are already providing analytics to various industries and their sectors. Amplifying the power of AI The integration of AI with other technologies is a major development in leveraging datadriven business strategies. Replacing AI with analytics, the Internet of Things (IoT), ERP, blockchain and quantum computing can increase the power of AI and lead to smoother running operations. Although this convergence may initially be challenging for business executives, the benefits outweigh any obstacles the organization faces. Adopting Devops' practices is one way to open communication channels between employees and successfully integrate AI with other technologies. The end: In this age of technology, business strategies are constantly evolving to adapt to new technologies and trends, and the use of AI in the business world is a significant advancement in history, as more and more businesses are choosing to take advantage of it. As AI is rapidly democratizing, its proper application along with well-trained employees is more important than ever.
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