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Using AI tools to boost Efficiency

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Artificial Intelligence (AI) is causing quite a stir in today’s world. It’s transforming businesses, making processes more efficient, and saving time and money. Read on to see how regulated AI tools like Microsoft Copilot could help companies become more efficient and grow.

One side note is that this article only discusses the benefits of regulated AI. While AI is encouraged in business, cyber security experts are concerned that unregulated and unmonitored use could cause security concerns. There is a chance that employees using AI could open up avenues for cyber criminals to exploit, even if done unwittingly.

Technology which puts you ahead of competitors

AI brings opportunities, from virtual assistants to chatbots and content writing ability. Regardless of your business size, AI is the future. Studies suggest that nearly 85% of consumer interactions directly involve technology, and AI can fulfil 30% of workplace tasks. While this won’t happen overnight, it’s a reminder that technology advances quickly. Imagine the savings from using a chatbot for online enquiries, eliminating the need for a full-time human customer support team.

Cost Savings for your business

Despite the initial setup costs, AI can lead to significant long-term savings. It engages customers in a personalised way, enhancing retention and boosting conversions. Even small retailers with tight budgets can benefit from AI predicting and offering discounts on attractive products, leading to better returns on investment. In marketing, AI assists across various channels, optimising the timing of messages and improving overall conversion rates. As previously mentioned, regulated AI tools such as Microsoft Copilot provide enormous advantages for companies looking to improve efficiency.

Ability to offer a personalised experience for businesses

Remember the local store where the owner knew you by name? AI brings that personal touch to online shopping. It analyses customer actions to predict future behaviours, helping you meet evolving customer expectations. Implementing AI on your retail site lets you learn more about your customers and tailor their shopping experiences. Whether you are selling services or products, personalisation is recommended.

Time Savings for Business Owners

Running a business is a race against time. AI can save time and effort by automating tasks, providing valuable insights, and reaching out to clients at the right moment. Small businesses needing more resources for extensive efforts like marketing can benefit greatly from AI, which works round-the-clock without requiring constant supervision. Some sales and marketing managers will use AI tools such as Chat GPT to help them write reports and correlate data, but more later!

AI tools can be very user friendly

In conclusion, AI offers a user-friendly solution with the potential to impact various industries, whether it’s a hospital, a government agency, or a small retail shop. Businesses can benefit from using AI technology as it is more than just a tool; it can help companies streamline operations and achieve greater efficiency.

However, it is not all rosy. Our next instalment on AI explains why there are concerns about using AI in businesses. Cyber security experts have expressed concern about employees handing the keys and data to cyber criminals.

Contact Neuways about investing in Microsoft Copilot to enhance business efficiency

If you are interested in implementing Microsoft Copilot or other uses of technology, speak to Neuways today. We are a Microsoft Modern Workplace partner and have years of experience offering high-quality technology to help businesses become more efficient internally.

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