Artificial intelligence is a constellation of many different technologies working together to enable machines to sense, comprehend, act, and learn with human-like levels of intelligence. There is varied type of definitions based on its nature and industry as AI have manifold usage and only one subject.

Technologies are mix and match of Machine learning and language processing and data calculation which are part of AI backend. Every work flow and data has its own path and work flow.When applied in combination with data, analytics and automation, can help businesses achieve their goals, be it improving customer service or optimizing the supply chain.

Value and Importance of AI

Artificial Intelligence has been studied as a very vast subject and its practical application can touch every industry and services on which AI can add value in the form of savings in time, money and human asset cost. Proper check points and connected work flow is helping corporates to work with 100% accuracy and perfection. AI is supporting business houses to maintain well balanced relationships between management, technology and its work force.

Because of the proliferation of data and the active innovations in cloud processing and computing power, AI acceptance is growing manifold than ever. Invention is a mother of need and same logic is applied in AI, with super innovative minds Automation cuts costs and brings new levels of consistency, speed and scalability to business processes along with multiple returns on their AI capital cost.

In many ways AI supports businesses to adopt speed with new development on work flow, processes and continuous advantage of competitiveness in the market and industry. Giving priorities to AI based business solutions will be key focus areas for futuristic business minds with high stakes invested in AI based solution in near future.

Advantages of AI

Based on company and industry AI has multiple functions which come out as great advantages to the corporates.

Seamless customer Service: AI based services are developed as complete workflow which is customer friendly and can be experienced by its customer without service providers intervention by 24/7 with real time data and information to know customer his exact output from the requested query. It give high time satisfaction, long retention of client and accurate output experience to its clients.

End to end solution: AI based service is developed as per requirement of the user client with no human intervention required from start to end while customer interact on particular platform or APIs. Machine based work helps to reduce cost significantly. AI helps to automate and convert complicated modules and work flow into more simplified platform which are easy to operate and manage without human intervention and support.

Ability to keep Audit trail: AI can be developed to maintain perfect audit trail as in majority of platform has a mandatory requirement of audit trial of each transaction and enquiry which support corporates to keep track of each and every enquiry and request raised by its clients and its current open or closed position.

Accuracy and decision taking ability: AI based services are developed basis move innovative thought process and work flow wherein it gives 100% accuracy in the process of work flow. It gives immense confidence to operating employee about the accuracy and decision making ability with perfectness through AI based services which boosts the morale of employees and their retention in the company.

Man Machine combination: Machines and software is so well prepared for the project or work flow as machines some time show us the uncover mistakes in the system to human and machines shows better ways to present work flow by doing backward calculations as well as it helps to develop new products, services, channels and business models with a extra level of speed and accuracy that wasn’t possible in the past.

AI Future

Future scalability of AI is depend on how businesses are ready to visualize their future business, its competition and product demand from the market and in what way they can use AI based services to overcome from these obstacles.

Initially it will look like to develop AI based model of business or work flow will be a troublesome subject with lot of initial hick ups but once it is developed with user friendly characteristics, people will enjoy to work on these made platform and retention of clients and manifold cost savings and constant earning can be expected by businesses.

For setting up AI based futuristic model, as per organizational inputs and requirement corporates might need to decide upon reworking of:

1. Business values for its business
2. On work force, if required they need to rework on numbers of work force reduction basis adaptation of AI based services.
3. Reworking of internal control and ethical business framework.