7 Reasons Why Artificial Intelligence Is Important in 2021

7 reasons Why Artificial Intelligence Is Important in 2021

Why Artificial Intelligence Is Important

Why artificial intelligence is important is a question I get asked a lot.

The truth is that artificial intelligence is very difficult to define, and even more difficult to demonstrate. However, in the biggest overall sense, artificial intelligence is the ability of computers to simulate human decision making and behavior so that humans can act and think like humans do. However, this also means that any artificial intelligent system must also be able to deal with the business and social relationships of humans as well.

Here are some examples of why artificial intelligence is important.

Why artificial intelligence is important in business
Humanoid Robots with similar human face as to why artificial intelligence is important

#1 – Tech giants already started investing in it.

Companies like Google and Amazon have been using chat Bots as an advertising tool for some time now. These chat Bots are programs that send out personalized messages to people who have signed up for specific services or programs. The obvious benefits to this method are that you can market to your audience without spending hours of boring, back-to-back meetings.

Furthermore, as chat Bots continue to grow in popularity, these companies can save huge amounts of money on advertising. In a world where social media and advertising cost billions of dollars, this is a huge step forward in terms of reducing advertising costs.

Another example of why artificial intelligence is important comes from the realm of entertainment. Many years ago you could only get your television through your cable company, and even then it wasn’t likely that you would enjoy your programming to the fullest extent possible. Today, with the advent of such things as High Definition Television (HDTV), the options available to us as consumers are truly staggering. So, whether you want to catch up with your favorite sports team, play a round of golf, or see your child has an educational lesson, you can do it with the help of a chatbot.

Even more interesting than this is an application called Voice Identification. This is simply a voice recognition software program that keeps track of how many times you talk to each other using a headset. The most common use for such technology is in sales, but the tech-savvy among you might find this technology useful in many other fields, as well. If you are having problems persuading a friend or neighbor to buy a couch, for example, a conversation AI might be able to help you convince them by speaking to them as an actual person would. If you are not so tech-savvy, you can simply set up your own artificial intelligent chatbot in order to perform these functions for you.

#2 – Raise of Artificial Intelligence inspired Software

Another example of why artificial intelligence is important is due to the rise of artificially intelligent computer software which works much like personal assistants. You can purchase such software online, and if you want to invest in one you should know that this type of system is usually superior to the more simple human-based ones in terms of intelligence.

Basically, you are paying a computer program the ability to process large quantities of information, analyze it, and make predictions on the future based on the patterns it has observed. Such capabilities are generally only possessed by the most advanced computers today, and as such is currently being used by larger corporations and government agencies such as the Department of Defense to aid them in their missions.

In the future, such systems may also be used as virtual assistants. Just as humans can be easily controlled via text messaging or Internet chat, so too can artificial intelligence programs be. As more automation is built into such machines, such as self-driving cars or trucks, they will be able to perform a wide variety of tasks, from scheduling customer interactions with their call center agents to completing product orders and completing customer surveys. In fact, in many ways the future of automation is already here.

maximalfocus eZWGK5sIiBM unsplash
The humanoid robot ASIMO of Honda live in action at Miraikan museum of emerging science and innovation

#3 – Cost Reduction

By automating certain processes, businesses can free up more time for staff members who are doing real-time customer interaction. Implementing artificial intelligence can also decrease operating costs by using real-time pricing data to anticipate expenses. Also, automation can increase productivity by reducing the need for human error. If an organization’s operational system incorporates intelligent technologies, it can save time and money by reducing the amount of man-hours needed to operate each specific process.

#4 – Save Time

By using artificial intelligence to automate certain business processes, businesses can increase worker productivity by freeing up valuable time for higher paying jobs. Using real-time data to help businesses optimize their operations can save time when processing orders, scheduling deliveries, and tracking inventory. Furthermore, a self-learning system can also make a business more efficient by helping it to take on new tasks in real-time, which can help the organization achieve greater levels of customer satisfaction.

#5 – Avoid Mistakes.

Businesses cannot completely avoid making mistakes; it is part of the business. However, businesses can greatly reduce the amount of mistakes made through the use of artificial intelligence and integration. AI and AIs can eliminate human errors, saving time and money.

#6 – Increase Productivity

One of the reasons why Artificial Intelligence is important is to help businesses create new levels of efficiency by identifying, monitoring, and adjusting processes based on different data sources. Using artificial intelligence, data can be processed in different ways, which allows the production process to change as resources become available. Businesses can increase productivity by creating zones within an enterprise and then dividing zones into tasks.

Industrial Robots in Assembling Vehicles as part of the increase of productivity using Artificial Intelligence
Industrial Robots in Assembling Vehicles

#7 – Improves Customer Experience.

Big data has revolutionized the way businesses interact with customers. Through a comprehensive analysis of customer data, AIs can provide businesses with real-time insights, which help them solve problems quickly. Businesses can make informed decisions based on what the data reveal about their customers’ preferences, needs, and tendencies. Moreover, big data analytics can give businesses ideas on how they can improve their services or products to increase customer satisfaction.

With all these benefits, there is no doubt that businesses would definitely reap great benefits from using artificial intelligence technology and AIs. Therefore it is essential to have the right perception of why Artificial Intelligence is important in this era. However, it is very important for enterprises to determine whether they need to use these solutions and if so, how. For smaller enterprises, it would be better if they start with short-term pilot programs and if they see that these solutions are able to yield positive results, they can gradually expand the use of these technologies.

In recent years, there have been many breakthroughs in the field of artificial intelligence. Experts believe that there are still a lot of things to discover about this technology. In fact, experts say that there are still a lot of areas where artificial intelligence cannot be used but for business operations and personalized services, this technology has proven to be very useful. Experts say that the applications of artificial intelligence in these areas are still to be seen.

However, although this type of technology is here to stay, we will not see the type of mass-market adoption that the technology is capable of achieving overnight. Right now, there are a variety of different software developers who are working to provide artificially intelligent machines with the ability to operate using simple programming languages like Java or MATLAB.

In addition, these machines are not yet ready to replace human employees. Although it is possible for such machines to replace sales assistants in a handful of grocery stores around the country, it is unlikely that software developers will be able to achieve the same success with employee scheduling and order filling in large retail outlets, or with warehouses that have thousands of products. Even if such a system were developed, it would most likely have to undergo a variety of training in order for it to effectively integrate with the company’s existing systems, as well as with its own employees.

But the truth is that artificial intelligence is only becoming more important as the computerization of business continues to become more prevalent.

The reasons for this are threefold:

  • First, because more businesses are based online than ever before, making the need for accurate scheduling and real-time analysis of the orders’ progress increasingly important;
  • Second, because the number of potential customers has been steadily rising, and
  • Third, because it has become increasingly difficult for machines to judge the quality of potential customers’ judgments. In addition to providing humans with more meaningful tasks like speech recognition, speech transcription, and machine learning, artificial intelligence will also greatly increase the productivity of robotic programmers who deal with basic programming languages like Java, C, MATLAB, Python, R, etc. This will make life much easier for software engineers who write the code that machines simply must run in order to function.

Therefore, when the technology becomes more commonplace, the impact on the future of business will be profound. Artificial intelligence researchers are probably right in predicting that the future of business will be far different than today, when humans continue to make the vast majority of business decisions.

There is no doubt that Artificial Intelligence will change the way we do business. Its potential to reduce costs, improve service and customer interactions, and speed up decision-making is truly staggering. But in order for businesses to fully reap the benefits of artificial intelligence, they need to embrace this technology at all levels from top management to the front line. No doubt businesses are currently taking a number of different measures to implement artificial intelligence into their operations.

In conclusion, it is important for any business or anyone to understand why artificial intelligence is important to align their business or personal goals towards it. Many businesses have already started using artificial intelligence in their everyday operations. If you do not know what is all about, then it is time that you learn more about the new technology. There are plenty of resources on the Internet that can help you learn more about this interesting subject.

Are you using Artificial Intelligence for any purpose? if not, start investing in it today and share this comprehensive post on why artificial intelligence is important with your colleageus.

About Author

The author is a technology consultant with over 13 years of collective experience in the field of Information technology with a strong research background. In this blog, he writes on subjects related to Industry 4.0

Leave a Reply

Your email address will not be published. Required fields are marked *