Welcome to the Koanly Blog! Would you like to know some of the reasons why the Artificial Intelligence (AI) Are you experiencing great growth in the business world?
The automation of tasks, decision-making based on data, innovation and product development... All of this and many other reasons represent significant growth in the business world. However, as is normal in technological advances, AI can also have some disadvantages that must be assessed.
Stay tuned because in this article we will tell you some of the advantages and disadvantages of AI in the business environment. Let's do it!
Advantages of Artificial Intelligence in companies?
Next, we show you how incorporating AI into companies can bring many advantages at various levels. Among them, we highlight five fundamental ones:
- It stimulates creative tasks: AI frees people from more routine tasks and allows them to spend more time developing creative or other functions that require greater attention.
- Supervision and improvement of production processes and production chains: thanks to AI, more efficient, error-free processes can be achieved, achieving greater control over production lines in the company.
- Customization and recommendations: AI allows companies to personalize interactions and recommendations for each customer. By analyzing data about preferences, behaviors and purchase history, AI can provide personalized recommendations and offers, thus improving the customer experience and increasing conversion rates.
- Increase in decision-making capacity both in the production and business spheres: by having more information in a structured way, it allows each of the managers to make decisions in a faster and more efficient way.
- Increased productivity and quality in production: In addition to increasing productivity at the machine level, AI also increases the productivity of workers and the quality of the work they do.
Then we leave you a TED Talks video by Kai-Fu Lee, founder of the venture capital fund Sinovation Ventures and a leading figure in the technological field, where there is also talk of main benefits of AI.
In Koanly we can help you increase the productivity of your company using Artificial Intelligence. We give you the possibility to make available to your corporate training team a tool with which you can create content quickly and easily, providing your employees with tools to be autonomous in their constant learning. Do you dare to try our tool?
Disadvantages of Artificial Intelligence in the business environment?
Although AI plays a very important role in the business environment, its use in the business world must be appropriate because, otherwise, it may have some disadvantages that are important to assess and consider. Below we are going to show you some of them:
- They depersonalize business relationships: when we talk about depersonalizing business relationships, we refer to a process in which human beings are becoming less indispensable and in which several tasks can be performed by a computer.
- Issues of ethical and global responsibility: Another drawback of the use of AI in the business environment is that today not all countries have regulatory frameworks for its regulation. It is true that some territories, such as the European Union, do have ethics manuals for different industries. On the contrary, in Latin America there are few digital governance documents that make it difficult for companies to adopt them.
- Initial investment: Incorporating AI into a company can require a large investment in technology and training, which can sometimes be a barrier for small businesses that do not have the necessary budget or experience to achieve implementation.
- Risk of worker displacement: AI can automate and replace workers in tasks such as production, data processing or customer service, for example, which can sometimes result in the loss of jobs and the need for workers to acquire new skills to adapt to new roles that may arise.
- Managing Change: many companies can be immersed in the change management process as a result of the incorporation of AI to move forward and adapt to changes in the environment. A process that represents a very important implementation challenge and from which a perfect functioning of AI applications cannot be expected from the outset. At Koanly we have experience in change management and can help you as a company, offering you tools that facilitate change management and that increase productivity.
How can AI affect companies?
As you have seen, AI allows companies to:
- Understanding customer needs
- Streamline sales processes
Thus, by way of conclusion, the integration of AI into the business structure can provide a competitive advantage and an opportunity for growth and innovation. On the other hand, it is also essential to properly consider and manage associated risks that may arise. In this way, it will be possible to exploit all the potential offered by AI to improve the efficiency and quality of the company.
Now that you know the advantages of AI in the business environment, do you dare to try Koanly? Come and join the AI revolution to discover increased productivity in companies!
You just have to request a demo down here and choose the date and time so that we can explain the product to you 👇👇👇👇👇
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