Any business owners are aware that you need to make sure that you are always looking out for the next big thing that is going to improve how things work. Artificial intelligence is something that many of us use without even realising it, as it often controls tools that business owners use. In 2020, AI is slowly but surely becoming mainstream in SMEs.
In this article, we are going to look at some of the ways that this is happening. Keep reading to find out more about why this is the case.
Automating Routine Processes
One of the biggest benefits of AI tech for business owners is that it allows certain processes to become automated. How much time do you spend doing mundane tasks that are a waste of your time and are actually costing you money? SMEs are using AI tools to automate these tasks and find more time to focus on other aspects of their businesses.
The Industry Is Set to Take Off
Did you know that the artificial intelligence industry is set to take off in the next few years? Companies like Amazon and Google are pumping a lot of money into this tech and London entrepreneur Tej Kohli is among many who believe that this industry will be worth trillions. With big groups such as Intel Capital and Lightspeed Ventures showing interest, this indicates that we all should be paying attention to AI.
Improving Customer Experience
Another area where AI is becoming mainstream in SMEs in 2020 is through improving the customer experience. Not every company has the time or the resources to individually manage customer complaints 24/7. With AI, you can introduce tools such as chatbots to reply to your customers and improve the overall experience on your e-commerce site.
Making Smarter Decisions
Business owners in the UK need to make smart decisions that are not only cost-effective but are also strategic and effective. This can be hard without the right analysis and with AI, you can make this happen. SMEs are using AI to maximise sales by making smart decisions much quicker than before.
Removing Human Error
Finally, AI is becoming mainstream in the UK as it is being used to reduce human error. Regardless of how careful we are and how experienced our teams are, mistakes can be easily made. With an AI system that is carefully set-up, you can expect human error to be reduced or eliminated completely.
If you are not already using AI in your business, it is time to take a leaf out of your competitor’s books. You might be surprised at just how effective this kind of technology can be and how many places it can be incorporated into your day-to-day. SMEs are always using new tech to improve how things work and AI is just the beginning for this kind of thing.