4 ways traditional enterprises are leveraging Artificial Intelligence3 min read
In recent years, Artificial Intelligence (AI) has taken a central role in business dynamics, delivering tangible benefits to enterprises of all sizes and industries. From optimizing the supply chain to detecting fraudulent transactions and beyond, AI has triggered a profound transformation in how business challenges are addressed and in experiencing new opportunities for growth. Especially for companies with a more traditional footprint, the challenge still remains to intercept opportunities to take full advantage of AI.
So let’s try together to explore some key areas in which AI demonstrates significant improvements, contributing to business success both in terms of increased turnover and improved working conditions.
1. Revolution in customer service
Crucial sectors such as customer service are already experiencing significant benefits from AI. Giants such as Amazon and Netflix have implemented AI-based chatbots, tools that can interact with users, instantly and accurately answering their most common questions. These automated solutions handle the most frequent requests, freeing human operators from repetitive tasks and allowing them to focus on more intricate, high-priority issues.
A prime example of this application is the virtual assistants of banks, which have been adopted by lending institutions to handle customers’ daily banking needs. The implementation of these, in a short time, has led to a significant reduction in customer service calls, while increasing the overall level of user satisfaction.
2.Data analysis for marketing campaigns
Processing customer data plays a key role in designing successful marketing campaigns. The most competitive companies today are adopting Artificial Intelligence to analyze data from social media, identifying meaningful patterns that target advertising to specific demographic groups. Then there are several advanced platforms that can create highly personalized marketing campaigns, improving the effectiveness of communication initiatives and increasing audience conversion rates.
3. Supply chain optimization
Artificial Intelligence has now completely revolutionized supply chain management through inventory tracking, demand forecasting and delivery route optimization. Leading shipping companies are leveraging this technology to reduce transportation costs and mitigate the risk of out-of-stocks.
A prime example, then, is the more advanced retail store sector, which employs AI-based systems to customize inventory based on projections of customer needs.
4. Fraud prevention
Artificial Intelligence plays a crucial role in fraud prevention, as evidenced by advanced use by banking institutions, which actively monitor suspicious activity to reduce financial risk. In the area of predictive maintenance, enterprises are able to anticipate impending failures through AI-based systems, enabling the planning of maintenance work before costly problems arise.
The steady evolution of AI promises ever more advanced developments and ever more innovative applications, opening up exciting prospects for companies willing to experiment with it. Sectors such as publishing and content marketing are consistently embracing the use of AI, although they face significant ethical challenges. One successful example of combining technology in the service of creativity is Contents.com – a company that provides a wide range of tools for devising and producing content from users’ own ideas and creative cues.
Thus, there is no doubt that enterprises capable of fully embracing AI will enjoy a significant advantage over others.