Social media is one of the best ways to build brand awareness. Stores rely on locations – signsofreilly.com to come up with the best business signs that people will look at and remember, social media is a great tool for publicity and can also make your brand stay in the viewer’s mind just like your sign does. It has now become a priority due to the increasing number of people getting inclined towards different social networking platforms. Continue reading
Every business organization, right from a start-up to a multinational company strives to gain actionable insights from their data. The preference is to have a user-friendly system that runs fast-paced searches across huge databases and yields error-free results. Continue reading
The General Data Protection Regulation that is due to become operational in May 2018. It applies across the European Union (EU) and any country or organization that handles EU data. Continue reading
Artificial intelligence is growing quicker than we think. It’s exciting to be around to see the rise of artificial intelligence, but also to see how it actually affects us.
The presence of artificial intelligence today means that the current way of doing things will be completely reinvented, products and interactions alike.
The business world and modern workforce will also be enabled to leverage artificial intelligence and advanced analytics to better function. If you need to organize you business, Professional Organizer Services Portland will help you make things simple and professional for your business.
Artificial intelligence will be a definite part of our future, for example Expert System already offers Cogito, a cognitive artificial intelligence technology based on semantics and machine learning that applies a human-like comprehension of language to make sense of unstructured information in big data.
It is able to analyze text and even understand the sentiments from the text to interact with humans. This is only a taste of what is possible and what is to come with AI.
These developments make it more important than ever for companies to begin adopting these technologies to stay competitive.
Here are 5 ways that business owners can take advantage of artificial intelligence.
Processes are often the first things to see changes and adjustments. If any day-to-day process can be made more efficient and/or effective, changes are most often than not, welcome.
Artificial intelligence can be implemented to take place of often mind-numbing work and replace some human work with machine work.
For example, filling out invoices and processing urgent insurance claims can both be automated by using artificial intelligence.
This could also mitigate human wages and reduce rates of human error, both major benefits for businesses.
By freeing up the time of humans, employees are able to focus on more strategic vistas instead of mind-numbing work.
Instead of feeling stuck doing work that does not use one’s potential to its maximum capability, artificial intelligence can support employees by doing the mind-numbing simple work and enable them to unleash their true potential.
Businesses will only see the positives in this, as long as employees seek to polish and expand their skills and the businesses themselves support them in doing so, as well as putting their skills to good use.
As a report on artificial intelligence use produced by Infosys stated, “In organizations that are more mature in their use of AI, employee resources are being effectively used to the benefit of AI implementation and not simply sidelined by technology.”
Cost reduction is often a main driver for businesses to take advantage of artificial intelligence.
For example, the human support needed to complete tasks that could be completed via artificial intelligence could be shifted and save businesses significant amounts of money.
For example, take chatbots as an example of artificial intelligence. Businesses could utilize chatbots instead of human service for simple and frequently asked questions from customers.
Companies could trim costs significantly by simple automating their customer service programs.
Analysis firm Juniper Research said, “We believe that health care and banking providers using bots can expect average time savings of just over 4 minutes per enquiry, equating to average cost savings in the range of $0.50-$0.70 per interaction.”
Keeping products, services and business models up to date and accessible makes customers happy all around.
By being able to resolve problems quicker and personalize their actions to a greater extent, customers are able to get more tailored treatment according to their needs.
With the right mix of AI and human interaction, customers will get the best service as possible. As artificial intelligence matures, so does the ability to answer common questions faster and smarter.
For example, instead of waiting on hold for 30 minutes for personal customer service, AI just may be able to help you out.
Bettering customer relations and expanding a customer base will always be a priority of businesses, but how we get there will shift as new potential and customer desires are introduced and expanded.
With artificial intelligence, businesses are able to make better decisions, backed up by contractual data, more so than ever before.
The combination of automated processes, happier employees, reduced costs and better customer relations all contribute to higher productivity and increased revenue.
Each factor individually, as well as combined drive revenue. For example, automated processes are more efficient and often more accurate, saving businesses both time and money.
The smoother a business runs and the more motivated that people are, the more successful it will be.
So long as artificial intelligence is put to good use and human employees are supported and encouraged, revenue will continue to increase when paired with artificial intelligence.
Looking forward, we can expect to see pretty big leaps and deeper implementation of artificial intelligence.
Many decision-makers even expect that their organization’s sector has been or will be disrupted by artificial intelligence.
Businesses have already been investing in AI, but over the next couple years we expect to see an even greater commitment.
It is only in due time that we will see how businesses and the market will create, see and contribute to greater success and the competitive edge our future holds.
You may have heard of cloud computing, without really investigating any deeper.
The name itself sounds like a vague thing that only tech geeks bother with. This should not be the case. In fact, cloud computing can benefit you in your every day, ordinary computing needs.
As you know, it is of extreme importance to back up any sort of data you may have on your computer. This is where cloud computing can come in.
It allows for remote storage of applications and documents through an online server. This means you can access your important data from anywhere, at any time.
There is essentially free range to your computing life. When choosing what to do with your business data, you currently have two main choices: you can either stick to the traditional method of storing data locally, or store your data on the cloud.
When it comes to making decisions about where/how to store your data, it is always best to inform yourself through tutorials and specific cloud training courses online, and/or seeking out a professional. However, we have listed a few advantages/disadvantages of each method below to get you started!
A local backup is any storage on any sort of external hard drive. This is the oldest storage technique. There are plenty of advantages, and here are a few of them:
Once you are disconnected, you are truly disconnected. There is less of a threat to your cyber safety, as the external hard drive is external and can’t be hacked once it is free from the web. The data is essentially as protected as your network. This can provide some peace of mind.
Locally backing up your data can also be significantly faster than cloud computing. This is because when you back your data up on site, the speed of the transfer is not limited by your connectivity. Therefore the time it takes is significantly reduced, and updating this daily will only take a few minutes.
When it comes to your data, you want to make sure that you are the sole person responsible for where it goes. This means minimizing the amount of hands it can fall into. This ties into the security of local backups but also the fact that you have the most control with this option.
Of course, there are also some cons to locally storing your data. Here are a few of them:
The cost of getting local hard drives together can be hundreds to thousands of dollars. This is a significant price, and of course relates to the amount of data you have, but on-site backups are widely regarded as being the most expensive option.
Once you have your hardware, that’s all you have. You cannot extend its storage space. This is not ideal, as once you have filled up your hard drive you will have to invest in even more hardware.
This is a big one, if anything were to happen to the physical, locally stored devise, that data is forever gone. This is not the most ideal situation, as disasters happen and years of work can be gone in an instant. Local devices are also inconvenient to its users as it is only accessible in the physical form. You will not be able to remotely access any data.
This brings us to Cloud backup – the direct opposite of local back-ups. There are plenty of advantages to this newer technology that is expanding in popularity by the year. Here are a few:
This is the biggest reason why people use cloud computing. It is the most cost effective choice to data storage. You do not have to pay for any sort of maintenance or software for an external hard drive. With cloud computing you select a service provider and pay a monthly fee to store whatever data you need. The lack of storage equipment adds to the convenience.
You are able to access whatever data you want at any time and from any place. This is extremely convenient for its users and is a big selling point. You are also able to flexibly store data by adding storage capacity on demand.
The fact that cloud storage is remote allows it to be safe forever. No disaster could affect data being stored in the cloud. This is a big deal for anyone who has lost sensitive information.
Of course, the cons are there too…
The security is a little laxer with cloud computing, not to say there aren’t measures you can take to prevent this from being a big problem. That being said, no data that crosses the Internet is completely safe.
The speed of the transfer is wholly dependent upon the speed of your Internet
connection, which can vary in frustrating situations.
The answer essentially depends on your back up needs. For most, the cloud is quite ideal though. Take your time to do your research, as suggested above. Perhaps, a hybrid choice is the answer for you!