Artificial Intelligence (AI) is the most talked about topic in the contemporary world beyond debate. There are discussions about how AI increases efficiency and productivity in work, including its various future implications and benefits. However, people also talk about several apprehensions regarding the adverse impact of AI.
Nevertheless, people have been using AI for more than a decade, and several studies have revealed that AI has amazing positive impacts. For example, as per a recent FORBES study, 64% of business owners claim that AI improves productivity, and 42% say it streamlines job processes. Besides other statistics, the study predicts that the AI market will expand extensively to $407 billion by 2027. If you are confused about the benefits of AI, below are different ways how AI increases efficiency and productivity in work.
1. Automation
- Customer Service Support: Human-assisted customer service support has been a potential problem in business growth. It is primarily because of the long wait time to contact customer service. This can be efficiently handled by AI through automating data assessment and ensuring quality service. Similarly, automation has also been useful for easy and quick identification of products, data entry, scheduling, invoicing, chatbots-enabled customer support, etc. Nowadays, AI-incorporated Alexa, Google Assistant, and Siri are common, and you must be using them too.
- Media Creation: AI tools have been efficiently used for creating images and designing websites instead of creating by artists. It not only saves time but is also cost-effective and accurate.
- Content Generation: Several tasks have been made simple and faster by the AI-incorporated internet. For example, everyone knows how useful Google’s Search Engine is and the GPT3. You can search anything beginning from household items to travel guides and get the answer instantly. Creating appropriate content and searching on the internet has never been so easy and productive before AI and algorithms.
2. Effective Communication
Effective communication is an essential component to enhance productivity. AI-incorporated language translation helps mitigate language barriers among employees and increases productivity. Similarly, AI-supported email platforms to prioritize and manage inboxes and VoIP services are some examples of AI productivity.
3. Ensuring Efficiency and Productivity in Manufacturing
The contemporary manufacturing industry has progressed abundantly by incorporating AI in several segments of manufacturing. AI tools and technologies like Predictive maintenance and IoT help to detect machinery failure. In addition, incorporating AI-enabled robotics is trending in the manufacturing industries, especially for inspection, material handling, and assembling.
4. Funnels for e-Commerce
AI has not only contributed enormously in terms of efficiency and productivity for big industries and manufacturers, but it has also been popularly used by retail and e-Commerce. Creating AI product descriptions, gathering and analyzing customer behavior, etc., are essential parts of creating an effective sales funnel in digital marketing.
Conclusion
Besides increasing efficiency and productivity, AI also contributes substantially to other segments like safety and security, quality control, fraud detection and prevention in the banking sector, etc. For example, AI-enabled technology and tools to detect fatigue from facial expression (shutting eyes, yawning) of drivers has the potential to save people from fatal accidents. Eventually, travel agencies and transporting companies across the world are taking the help of AI webcams to monitor the facial expressions of drivers, and this is how AI increases efficiency and productivity in work.
