Opportunities offered by AI for business

Artificial intelligence for business 2024: key benefits of implementation

You are not just a manager. You’re a strategist, an innovator, a captain of a ship, steering your business to prosperity in the stormy waters of the modern marketplace. And in this journey, you have a secret weapon – artificial intelligence (AI).

AI is not just a trend, it’s a real tool that is already giving a competitive advantage to those who are ready to use it. The beauty of AI lies in its versatility and transformative power. From revolutionising marketing strategies to improving cybersecurity, the potential for AI is as great as the profits.

If you’re ready to take the leap and take your business to the next level of efficiency, then this article is for you.

How do companies use artificial intelligence for business?

According to a Forbes survey, companies in many industries are increasingly relying on artificial intelligence to improve and optimise their operations. In customer service, 56% of applications use AI, and in cybersecurity and fraud management, the figure is 51% of businesses.

In addition to this, the role of AI also extends to many other areas, such as customer relationship management (46%), digital personal assistants (47%), inventory management (40%), and content production (35%). Additionally, companies are also looking to leverage the power of AI solutions for product recommendations (33%), accounting (30%), supply chain operations (30%), recruitment and talent acquisition (26%), and audience segmentation (24%).

When it comes to improving customer service through AI business ideas, 73% of companies are either using or planning to use AI-powered chatbots for instant messaging. Additionally, 61% of companies are using AI to optimise emails, and 55% are using AI to tailor personalised services such as product recommendations.

These statistics show how quickly businesses are starting to use AI. This helps entrepreneurs and startups understand how useful AI is for improving customer experience, efficiency, and competitiveness.

Implementation of AI in business processes: 5 most profitable ideas

If you are ready to earn your first million (or more), start using AI. This thing is a real monster that can take your business to unprecedented heights.

How artificial intelligence works: examples

1.Y Combinator-backed startup Recall.ai, has raised $10 million in funding. The company has created a unified API and infrastructure that allows receiving data from video meeting platforms such as Google Meet, Microsoft Teams, Slack Huddles, Zoom, and others.

What problems does it solve?

Recall.ai’s APIs and infrastructure allow companies to quickly introduce new products without having to build their own infrastructure, similar to using cloud services like AWS. Recall.ai makes money by charging for every hour of audio and video processing. In two years, the company has reached several million dollars in annual revenue and has more than 300 corporate clients.

What are we talking about?

Companies are increasingly using AI to process conversations, which requires a sophisticated infrastructure. Recall.ai provides out-of-the-box solutions, making it easier to innovate and focus businesses on their core products.

2.AISAP, a company developing AI-based medical diagnostics solutions, has announced that it has raised $13 million in investment.

What problems does it solve?

Ultrasound scans can detect various diseases, but due to the lack of specialists and logistical difficulties, diagnosis can take weeks. Even portable systems do not always solve the problem, as they must be used by professionals. AISAP claims that their solution reduces diagnostic time to five minutes. Their solution helps doctors to make diagnoses quickly and accurately using AI, assessing the ‘urgency’ of cases and providing accurate results even from low-quality images.

What are we talking about?

By 2026, the healthcare AI market could reach $45.2 billion. AI allows doctors to save up to 20% of their time on administrative tasks. By 2025, 90% of hospitals plan to implement AI for early diagnostics and remote patient monitoring.

3.Salesforge, a startup that specialises in developing tools for effective email marketing using artificial intelligence, has recently raised $500,000 in investments to improve its infrastructure and automate the process of warming up domains for email campaigns.

What problems does it solve?

Salesforge solves one of the main problems of email marketing – emails ending up in the spam folder. Many companies face the fact that their email newsletters do not reach the target audience, which reduces the effectiveness of marketing campaigns and can negatively affect brand reputation. The Salesforge solution includes a domain warm-up process – a gradual increase in the volume of emails sent from a new or inactive address to build a positive reputation among Internet service providers and email clients.

What are we talking about?

Implementing Salesforce in email marketing significantly increases the effectiveness of your email campaigns. Massive personalisation of content using artificial intelligence allows you to quickly and easily tailor each email to a specific recipient, which increases open rates and engagement with emails. In today’s increasingly competitive market, the ability to quickly and efficiently establish communication with customers using AI tools is becoming a key business advantage.

Top AI tools for your business that you need to start using now

• ChatGPT-4: is a universal tool for creating content, researching competitors, writing text, and much more ($20/month). 
• Undetectable AI: detects and humanises AI-generated content to avoid plagiarism and improve SEO (free AI detector, paid humanisation)
• Twins (formerly Google Bard): creates creative texts, generates relevant ideas and uses the latest data ($20/month)
• ClickUp: Improves productivity with project management, tasks, documents, goals, and time tracking ($7-$12/month)
• Dall-E 2: creates original images from text (integrated with ChatGPT Plus, $20/month)
• Grammarly: improves spelling, checks grammar, and helps you formulate your text (free plan, paid plans from $12/month)
• Perplexity: conducts research with reference to the original source, works with a large amount of data. (subscription fee: $20)

Key benefits of AI for business

You can see how many cool opportunities artificial intelligence gives us. From improving business communication to super-cool cybersecurity systems, smart algorithms are making business better!

And in the near future, we’ll see even more: autonomous cars, automatic content creation, computer vision that sees better than you do. And smartphones with artificial intelligence that understand your commands at a glance.

It is not surprising that AI specialists are the most fashionable and expensive personnel nowadays. But it is not easy to find a great specialist.

So, if you want to boost your business with AI but don’t know where to start, my team and I at B4B partner are here to help you implement AI in your business:

• We implement customised AI solutions to address specific requests.
• We help to build a team, optimise and improve business processes using artificial intelligence.
• We create a system and carry out the necessary automation.

I also provide a lot of free resources on my website:

1. How to create your own AI bot
2. Where to look for ready-made GPT agents 
3. If you want to understand the possibilities of the AI world on your own, here is an article on AI terminology that will be useful for you as well.