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Artificial Intelligence (AI)

Why small businesses need to invest in AI and Machine Learning

Why small businesses need to invest in AI and Machine Learning, AI & Machine Learning, the two most-talked-about the technology of present times.

Published

2 years ago

December 11, 2019

Nikhil Bansal

Why small businesses need to invest in AI and Machine Learning

Artificial Intelligence and Machine Learning, the two most-talked-about the technology of present times, have taken the entire world by storm. A decade before, when somebody used to speak about AI or ML, it would just be a line or two, as the technology hadn’t much evolved. Fast forward twenty years, and today, every organization, every enterprise and every tech expert are aware of what the technology is along with its potential.

Artificial Intelligence and Machine Learning

According to a survey done by Gartner, it is predicted that around 70% of the organizations would employ some form of AI within their workforce by the end of 2021. The same research suggests that the pace of penetration has been rising with a 270% increment in the past four years. These figures are sufficient enough for leaders and organizational managers to rethink their existing workforce and embed ways to optimize the same.

Where the top tier organizations did adopt the technology, the small, said enterprises hesitated and preferred not to get their hands on it. However, technology isn’t confined to a particular organization or firm. Instead, it benefits the SMEs as much as it is suitable for large scale organizations.

For professionals who still doubt the integrity of the technology, this article might help you get over your doubts.

Table of Contents

1. Why Should Small Scale Organization Invest In ML & AI

Small Scale Organization Invest In ML & AI

a) To Cash In Automation

It is of no surprise that the present-day workforce is charged up and wishes to remain at the forefront. Consider that there are tons of paperwork; you want your employee to take care of. However, the work isn’t just annoying and time-consuming, but also not worthy of the talent. It is, in fact, a waste of time and resources. How about automating all of these everyday tasks and freeing your employees to do better and productive work. Yes, that’s why you need to invest in machine learning and artificial intelligence.

No matter how small or big your organization is, time and money are valuable to all. Why waste the workforce on tasks that can skillfully be executed by machines? Though, buying the software and upgrading your enterprise to automation seem a costly affair, given the benefits of industrialization, the deal would appear advantageous in the long run. Since machines are trained to do a significant task, they are prone to be perfect, leaving no room for errors, and also, they can work tirelessly, without pausing. All of this adds up to higher productivity and better efficiency.

It is a known fact that small scale organizations are restricted in time and budget. Spending massive amounts on hiring multiple professionals for a task that a single bot can do, and with greater accuracy, the second choice seems better.

b) Predicting Future

As a startup, you might be worried about the performance of your business, say in the next five years. Earlier, managers had to rely on guesswork to estimate the life of a business. With the advent of technologies like artificial intelligence and machine learning, marketers can now get better and real-time insights about the company. Artificial intelligence tools are so designed that they replace the manual charts and figures with auto-generated graphs to assess the business capabilities better and at the same time, highlight the pain points which you need to work on to improve efficiency.

Also, the tools of artificial intelligence own the capability to sort tons of issue generated data, segment it, employ miming techniques, and them visualize it. This helps attain a 360° view of the data, which can then be used by the marketers to strategize and build customer-oriented campaigns. It is proven that customized advertisements have a better conversion rate than conventional ones.

Small-sized organizations do not afford to risk their business or take nasty steps. They need to be highly cautious in every move and act likewise. For them, there isn’t a second chance, and technologies like artificial intelligence and machine learning generate reports with high precision and hence, can be trusted with.

c) Enhanced Customer Experience

Now and then, we hear this phrase – Customer is the king, and it is. Organizations today go to great lengths to map their user expectations and satisfy them. A customer owns the potential to make or break a brand. One way to ensure that your customers are happy is by providing exceptional customer service. Here again, artificial intelligence leads the charge — Chatbot Development through AI excel in delivering top-notch quality services with round the clock support. Where humans are confined to their 9 to 5 office hours, chatbots work day and night to address the issues and provide a feasible solution.

Considering that chatbots are machine operated, they are up and active throughout the day. Meaning that by investing in AI and ML, you can serve more customers at the same time and improve the experience.

d) Accelerate The Time To Market

For the design and development companies, AI emerges to be the game-changer. There exist several tools that automate the process of development. It saves essential time and work from the developer. This benefits using artificial intelligence in Mobile Apps. Also, it optimizes the efficiency of the code as automated tools test better than a human. The integration of artificial intelligence tools and machine learning algorithms within the development phase enhances the product development process and help the small scale organizations gain a cutting edge in the competitive market.

2. Start Small

Without a doubt, both artificial intelligence and machine learning technology has enormous potential. Where the big fat companies have already benefitted from its buzz, there do exist some SMEs that are actively investing in the technology. In case you are still not confident, we suggest you start slow. You need not upscale your organization in a single instance. Instead, take one step at a time.

Modify the department, automate the desk, and see how technology affects your business undertakings. With time, you can then expand and scale resources. No matter what your business is or how long have you been, this technology has untapped potential, which can be revealed only when implemented.

So, what do you think? Is it worth your investment?

Artificial Intelligence (AI)

How To Get Started With Artificial Intelligence

Artificial Intelligence, among other emerging technologies, is becoming central to the continuous technical revolution, and it is evolving. Therefore it is important to learn about the fundamentals of Artificial Intelligence to understand how it changes and affects different industries.

Published

1 month ago

August 3, 2021

TwinzTech

Why learning Artificial Intelligence is the best choice

Artificial Intelligence, among other emerging technologies, is becoming central to the continuous technical revolution, and it is evolving. Therefore it is important to learn about the fundamentals of Artificial Intelligence to understand how it changes and affects different industries.

It’s no wonder, then, that the AI industry is full of job openings — so many of them, in reality, that the area now fronts a different challenge: There are too many jobs roles and few fitted applicants. On the upside, that means it provides a virtually assured and well-paying profession for those who have got the right skills.

In this article, we wish to know all about AI, how to get started with Artificial Intelligence, why learning Artificial Intelligence is the best choice, and how to get an ideal job.

Table of Contents

1. What is Artificial Intelligence?

Artificial Intelligence strives to imitate and transcend the ability of the human mind using nothing but devices.

The fundamental purposes of Artificial Intelligence are:

Expedite up repetitious methods by using humanoids or machines instead of human being
Out-think human minds through training and memory
Identify patterns and make judgments swiftly and efficiently

Artificial Intelligence strives to develop devices that conceive and reason instead of operating in a comparatively bound space with pre-built systems, methods, and results. Smart Artificial Intelligence devices identify patterns and memorize earlier events and learn from them, making each following judgment more intelligent, rational, and more original.

How To Get Started With Artificial Intelligence

AI is a significant model change in advanced computing and requires a profoundly systematic and logical way to devise machine systems that conceive and learn. In simple words, develop humanoids that are not just robots.

And though it may seem strange, AI abilities are all over the place. A few examples of Artificial Intelligence systems include speech, face and fingerprint identification (available on all smartphones and home devices), email spam blockers, virtual assistant (Siri, Alexa), customer assistance using catboats, Expert systems, game playing, an intelligent humanoid automaton, etc.

3. How to Get Started with Artificial Intelligence

Step-1: Pick a topic you are interested in

Initially, choose a topic that is interesting for you. It will assist you in staying motivated and committed in the training process. Concentrate on a specific problem and seek a solution, rather than just aimlessly reading about everything you can get on the internet.

step-2: Get a prompt solution

The aim is to get any basic solution that includes the query. You require an algorithm that will process information into an acceptable structure for machine learning, prepare a simple model, give a decision, and assess its working.

step-3: Enhance your simple explication

Once you have a simple explanation, it is time for some creative skill. Work on improving all the elements and assess the modifications to conclude whether these changes are worth your effort and time. For example, sometimes, developing preprocessing and data refining gives a tremendous gain on investments than advancing a training model itself.

Step-4: Share your Solution

Publish your solution and share it to get assessed. This will help acquire relevant guidance about your study from other intellects and add up the initial experience in your portfolio.

Follow steps one-four for other queries as well.

Pick other problems and follow the same steps for all tasks. If you have commenced with tabular data form, choose a query that includes operating with pictures or unorganized text. It is also vital to study how to form enigmas for machine learning accurately.

Finish a Kaggle competition

This competition enables you to examine your abilities, working on the same problems several other engineers work on. You will be asked to undertake various ways, picking the most efficient explications. This competition can also prepare you for collaboration as you communicate with people on the panel, exchanging your thoughts and learning from others.

Apply machine learning professionally

You have to decide what your career aims are and build your portfolio. If you are not yet ready to apply for machine learning jobs, seek more projects that will make your portfolio effective.

Artificial Intelligence (AI)

4. Why learning Artificial Intelligence is the best choice

The understanding of Artificial Intelligence initiates lots of new openings. It is sufficient to comprehend the basics of this technology to learn how machine tools work. As you study more about AI, you get an opportunity to grow as a developer who will build high-level AI applications. There are infinite opportunities in this domain.

For those who desire to start learning Artificial Intelligence, It has many options available. The internet enables everyone to enroll in online classes. Some of the courses focus on students who already have a specific level of technological expertise and converge on coding. In contrast, other Artificial Intelligence and machine learning online paths will help even those who do not have knowledge and beginners in the programming and engineering field.

5. How to take a job in Artificial Intelligence?

Humanoids may be arriving for some tasks, but they will create new job roles as well. Here are some ways to enhance your application, whether you are operating in the domain required to fill.

1. Check out the best online courses for ai and machine learning

Similar to many tech-based areas, there are numerous online courses for ai and machine learning topics, letting someone learn more about the area as a whole or gain more specialized knowledge. Some options offer ai certification online that can reinforce a resume.

2. Join outside organizations

Acquiring from others in the field can assist you in enhancing your abilities, so check out social meetups. Getting associated with organizations that allow data scientists to work on the new data, exercising and improving the skills while studying from their companions.

3. Add Quality industry experience.

Many of the in-demand AI jobs positions are technical by nature, but understanding how to interpret those advancements to other businesses or customers is crucial for any business.

4. Put a habit of reading a lot.

Those working in the Artificial Intelligence field should always be studying, and reading is a way to do that. Read a lot. Not just about your domain but all the related sectors.

5. Be prepared to grasp

AI is a swiftly advancing field, so be ready to examine as many experiences and opportunities in AI as feasible.

Keeping up to date on the most advanced research in AI is very important. There is so much progress befalling each day. This may involve seeking opportunities inside the current working place or outside. Make sure that you do not get restricted into one area.

Apart from having the standard skill-set and education, these are additional methods to be a powerful applicant for these profitable jobs.

Conclusion

Since its beginning, Artificial Intelligence has been performing a requisite role in the technology sector, advancing the quality of living across multiple enterprises. And speaking about what tomorrow endures, it is difficult to foretell. However, the way AI is developing, It appears the innovations in the following times will be fabulous.

These inventions will only be prosperous when there are well-qualified people and serve in Artificial Intelligence. Suppose you have a desire to work with this wondrous technology. In that case, it is time you check out the online classes for Artificial Intelligence which can assist you in growing an expert in the Artificial Intelligence field.