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Staying competitive with AI

The clock is ticking relentlessly as you try to meet the productivity demands and competitive pressures of a fast-paced market. Companies around the world are increasingly using artificial intelligence to complete all tasks faster and more reliably. As the market grows rapidly, so do the capabilities of artificial intelligence. Only the person who embraces and implements the immense variety of ways to use it as quickly as possible will keep pace.

But what can humans do that AI cannot? Where does AI have its weaknesses and how do you build an efficient relationship between machine and human in working life?

How does a company achieve major leaps in growth with the help of AI?

And finally, how can sectors that actually have little digital capacity utilization still benefit enormously from this?

Artificial intelligence and its strengths

Think of AI as a very advanced computer that recognizes patterns in data. AI systems learn from examples. They are fed with large amounts of data, such as images, text or numbers. These systems analyze the data, recognize patterns and learn from them, similar to how a human learns from experience.

Tasks that AI performs with flying colors are as follows:

Processing large amounts of data

AI can quickly analyze huge amounts of data and recognize patterns that would be too complex or too time-consuming for humans.

Forecast and analysis

AI can identify trends and patterns and make predictions, such as forecasting market trends by analyzing large amounts of data.

Fast learning ability

For certain tasks, AI can learn faster than a human because it has access to more data and powerful computing capacities.

Precision and consistency

AI systems make fewer errors in monotonous, repetitive tasks and deliver more consistent results.

Durable performance

Unlike humans, AI does not tire. It can work around the clock and maintain its accuracy.

What can humans do better than artificial intelligence?

As nice as artificial intelligence may sound, there are still some things where humans have to help out and use their own intelligence.

Limited creativity

AI is limited to data and patterns and therefore only has limited creativity. How much creative work it can accomplish depends on the people who use or develop it and how they can expand their ideas with the help of AI.

Predictions can be wrong

As fast as the market is growing, its areas can be as diverse and new. If there is little data on certain nuances, AI cannot be as accurate as an expert. AI can provide ideas, but humans must critically question how realistically they can be implemented.

Adaptability and flexibility

Humans can quickly adapt to new and unexpected situations, change their approach and solve problems, even if they have never experienced such situations before. AI systems are usually limited to the data and scenarios for which they have been trained.

Lack of emotional intelligence

AI has no feelings and cannot react empathically to human emotions. It must be taught how to communicate with people in a sector-specific way. Emotional intelligence is an important component of interpersonal communication and is crucial for cooperation.

All four points mentioned are due to the limitation of the information fed to the AI. So how effective it is depends on the human operating it. It serves as a source of ideas for the human and can do light but time-consuming work for the human, but becomes less reliable with increasingly complex and unexplored topics.

How can every company use AI?

Whether you have a webshop or run a traditional business in the craft or agricultural sector – everyone has something to gain from artificial intelligence. Here are some ways in which AI can already be used today:

Customer service

Use of chatbots and virtual assistants for 24/7 customer support, resulting in increased customer satisfaction and efficiency.

Supply Chain Management

Using AI to predict stock levels and optimize logistics to shorten delivery times and reduce costs.

Human Resources (HR)

Automate recruitment processes and manage employee data to identify the best talent and optimize HR processes.

Maintenance and repairs

Implementation of predictive maintenance systems that use AI to predict failures and thus reduce unexpected downtime and maintenance costs.

Marketing

Use AI-driven data analysis to understand customer behavior and develop personalized marketing strategies.

Finance

AI tools for accounting automation, fraud detection and financial forecasting can contribute to cost savings and more efficient resource allocation.

Product development

AI can help to analyze customer feedback and thus make product development more effective and customer-oriented.

Entrepreneurs are missing out on many opportunities if they do not have strong AI-supported online marketing. Be it companies that want to attract local customers or gain even more visibility in internet search results. Today, the internet is the first port of call when searching for local service providers and companies.

If you want to achieve high growth rates, digital marketing is essential. There are already thousands of companies that act quickly and rely on experts who use AI correctly. So if you don’t want to fall behind in the race, or start the race in your industry, we offer you our expertise as an agency.

About the author

Picture of Othman Al-Najjar

Othman Al-Najjar

Othman Al-Najjar is a developer at BrandBuff. He is responsible for the realization of Shopify projects and is also responsible for the implementation of individual solutions in WordPress.
Picture of Othman Al-Najjar

Othman Al-Najjar

Othman Al-Najjar is a developer at BrandBuff. He is responsible for the realization of Shopify projects and is also responsible for the implementation of individual solutions in WordPress.
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