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Artificial Intelligence (AI)

Artificial Intelligence (AI): Its Scope and Opportunities For Businesses

Things that refuse to go through a transition or don’t mold themselves are often lost in the pages of history. Let’s discuss, how AI can prove itself beneficial in today’s changing business landscape.

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Artificial Intelligence (AI): Its Scope and Opportunities For Businesses

In order to survive the cut-throat competition in the market, businesses need to automate their processes to ensure they continue to thrive. Things that refuse to go through a transition or don’t mold themselves are often lost in the pages of history. Let’s discuss, how AI can prove itself beneficial in today’s changing business landscape.

AI is more cost-effective

More often small or budding businesses face issues with budgeting and challenges of managing things within the range. AI can ease the trouble. Many manual tasks involving repetitive or menial functions can be taken over by Artificial intelligence automated functions. Accounting, data entry, and other backend logistics operations are made convenient with the help of AI.

It’s really misinformed opinion that employees are threatened with AI. They in fact feel exhausted and frustrated with the monotony of their work. So if the tasks are made expedient that is not only in their favor but also profitable for small businesses. They don’t need to fire employees to take advantage of an automated technology. They already have limited resources so that’s what suited for them.

Customer services is dependent on technology

Artificial Intelligence (AI)

One can only stay ahead of the curve by making their customers satisfied with their services. Previously there was no direct link between a company and its clients until they stopped using the product. Now it’s transformed. AI-run chatbots are there to collect feedback and queries by customers and then businesses use it to improve their services for customer satisfaction.

For a small and struggling enterprise, it’s highly crucial for validation and recognition of any brand, that they maintain loyal customers.

These digital assistants are even more productive than having an entire customer service center running. Because an emerging business can’t afford to maintain such large set up so that’s an ideal option.

AI in marketing

Small businesses can easily entrust their marketing campaigns to platforms like Acquisio that will manage functions across multiple channels including Facebook, and Adwords, etc. That will analyze the advertising budget and provide informed suggestions to make it run more efficiently. It will provide the best possible budget for PPC (pay per click) as well. Therefore the most feasible marketing solution is provided for businesses that noticeably reduce their cost per click. Besides, you won’t need to hire unnecessary staff to run marketing campaigns.

AI Chatbots

Competitor analysis is made easier

From data presentation to data analysis, AI has revolutionized the entire process. When you see your competitors are loading and updating a hefty amount of content and you have no clue how to keep track. Then AI comes for your rescue. Without knowing market trends you can’t compete properly ever.

AI-empowered tools can track and analyze your competitors’ progress through various channels like websites and social media. From pricing to their PR strategies, these tools cover it all. Business metrics provided by it can manifest the strengths and weaknesses of competitors and what gaps it has.

CRM systems

Basically what these systems do, is to compile data of your clients across different platforms like social media, email ids, addresses or contact numbers. Sales teams find it far more convenient to stay connected to their present or potential clients, therefore, marketing and lead generation are made effective.

This automated software can help analyze customers’ viewpoints by navigating through their phone calls, emails, reviews or opinions given on social media.

Time tracking apps

These automated time monitoring software is there to save a company’s resources. They are created and run with the help of algorithm or machine learning that can streamline many difficult tasks faced by business setups. Whether it’s a small business with a limited budget that needs to hire remote employees to save the cost. Or its a large setup expanding all over the globe. Management of flex workers has become an ordeal for employers.

AI social media feeds

However, a reliable time tracking app will provide real-time monitoring that will allow you to watch their online activities live as if they are sitting before you. Likewise, task assignment via voice clips can provide an opportunity to define your goals and expectations with more clarity. Feedback can also be delivered in a similar manner.

Even if you have only full-time employees. You need not micromanage them anymore. You always know which employee was productive and who was wasting time or needs further training. Invoices can be calculated and given in a more precise manner based on that assessment. You get intelligence reports every day that tells which URL took the most time. AI has made time management convenient and eliminates unethical practices of buddy punching. With time tracker you know when they arrived actually.

Conclusion

AI will be the future mode of functionality for businesses if they want to keep their foot firm in the market. More skilled force is needed to make this process faster. States and governments need to create awareness to dispel their doubts regarding emergence of this new technology.

I am precisely described as a tech junkie working in content development and marketing for a thriving start-up: Stafftimer App. Literature lover by default. My interests range from politics to social issues, books to tech trends, gadgets and so on.

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Artificial Intelligence (AI)

WORM-Compliant Storage: Exploring Write Once Read Many (WORM) Functionality

This is sometimes referred to as write once, read many, or WORM, compatible storage. With a name like that, it’s hardly surprising that many need help understanding it.

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How does WORM storage work

Organizations generate an immense quantity of data, yet sometimes they need or want to preserve it in an unalterable format.

For legal reasons, a non-profit organization may desire to keep its financial information in this format regularly. An institution may desire to save graduation records in this manner in case the actual records are lost in an accident. Businesses may desire unalterable records to avoid tampering, which might cover up fraud.

This is sometimes referred to as write once, read many, or WORM, compatible storage. With a name like that, it’s hardly surprising that many need help understanding it.

We’re here to help you get a grasp on things. Let’s go!

1. What Exactly Is Write Once, Read Many?

The simplest explanation is that it is immutable storage. You may write data to the storage device or medium just once. Following that, no one may legally alter the data in any manner.

CD-R discs are a basic kind of WORM storage. You may add data to the blank disk, but it will remain in that state indefinitely. You may damage or destroy the disk to prevent someone from accessing it, but you cannot modify the data contained in it.

WORM storage allows for repeated reads of the data. Assuming the disk or drive isn’t destroyed, there’s no practical limit to how often you can access the data.

2. How does WORM storage work?

There are two options for implementing WORM storage in your business. The first technique is hardware, which uses tape or a similar form of media that permanently stores data, making physical destruction of the WORM storage device the sole way to delete it.

Nonetheless, with many solutions migrating to cloud and SaaS services, selecting particular hardware might be challenging. However, many of these service providers now provide software-defined WORM solutions, which combine the flexibility of software with the strictness, security, and indelibility of hardware-based WORM.

Whether you utilize software or hardware to achieve your compliance objectives, the idea is the same. When someone writes data to a WORM disk, it remains there eternally. The assumption that you cannot alter the data on a WORM drive only refers to anything that has already been saved there; the ability to add new data is always available as long as there is adequate storage space on the drive.

Do you need WORM-compliant storage

3. Do you need WORM-compliant storage?

Unless your company works in the securities or healthcare industries, which are subject to SEC or HIPAA laws, there is likely no legal need to adopt write-once, read-many (WORM) compliant storage solutions. However, legal requirements are only one motivator for using WORM storage systems.

WORM compliant storage provides a key role in addition to regulatory compliance. For example, if you want to keep a safe archive of historically important documents, WORM storage is a wise solution. This guarantees that once data is written, it cannot be changed or erased, protecting the integrity and validity of critical documents over time.

Furthermore, in situations where internal workers may tamper with corporate documents, WORM storage adds an extra degree of protection. Creating immutable copies of papers makes it easy to check the correctness and validity of records, reducing worries about possible manipulation.

Likewise, WORM storage may serve as a protection for proof of trade secrets or intellectual property, providing a snapshot of data at a given point in time and preserving valuable assets from illegal changes or access. In conclusion, although WORM-compliant storage is not legally required for all enterprises, it provides essential advantages for data integrity, security, and crucial information preservation.

4. What are the primary advantages of WORM storage?

WORM technology protects businesses against many of the usual difficulties associated with data corruption and loss. The primary advantages of deploying WORM storage include:

Compliance With Industry Regulations

Using WORM storage helps firms comply with recordkeeping rules and laws. More than simply archiving data is required. Businesses must store their data in the right, unalterable format to comply with regulatory requirements and avoid significant fines and penalties.

Risk Mitigation for Poorly Archived Data

Companies must have a robust procedure for archiving all data. If information is needed as part of an audit or lawsuit and the required data is lost or damaged, difficulties (and penalties) will arise.

Better Information Security

WORM Storage secures precious and sensitive data and, more critically, prevents it from being doctored or changed. It guards against occurrences such as data being accidentally or purposefully manipulated.

Better Data Governance

WORM storage contributes to the present business-wide practice of rigorous and well-planned data governance. It also enables you to better adhere to the Electronic Discovery Reference paradigm (EDRM), a paradigm that describes the steps of the eDiscovery process throughout an inquiry.

5. Use Cases of WORM Storage

Professional content distribution includes financial records, police investigations, court testimony, computerized voting, and other applications in which data files must be safeguarded against manipulation or deletion, particularly when material is accessed, relocated, or transferred. Organizations transfer all data given over to the data investigation business onto WORM disks, ensuring that nothing changes beyond that point.

Transferring a read-only file across a network using encryption and passwords does not ensure that the file is original or untouched. Furthermore, it is usually preferable to enforce something in hardware rather than software since when the program is not operating, the data may be tampered with.

  • Corporate records
  • Financial and Insurance
  • Intelligence collection
  • Law enforcement
  • Electronic Voting
  • Court Proceedings
  • Medical Records and Devices
  • Public Records
  • Artificial Intelligence
  • Cyber-attack protection
  • IT security and log files

Conclusion

Write once read many compliant storage enables enterprises to safeguard information in a method that no one can tamper with. This may occur with something as basic as a CD-R or with software-based cloud storage.

The size of the data typically influences the medium used. You can keep a few papers on physical media without issue. Petabytes of data need a strong in-house storage ecosystem or a cloud storage provider.

If you decide to use a cloud storage provider, be sure to inquire about the retention term choices and redundancies.

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