In today’s rapidly evolving digital landscape, the role of Artificial Intelligence (AI) in driving business success is drawing massive attention. From enhancing customer experiences to optimising operations and more, AI technology is reshaping how businesses operate and compete in the market.
Understanding and leveraging AI can be the key to staying competitive and achieving sustainable growth in the rapidly changing times of business growth.
Forward-thinking businesses are currently investigating and integrating:
- Voice commerce capabilities
- AI within handheld devices
- Robotics as part of the workforce
- Brain-computer interfaces
- AI-powered digital assistants
But what exactly does this mean and how can you leverage AI technologies to create further opportunities and growth…..
Opportunity #1 – The shift to voice commerce
One of the most exciting developments in AI is the rise of Voice Commerce or V-commerce. V-commerce will grow with an increasing number of consumers who will be using voice-enabled devices.
What can vcommerce do for your business?
- V-commerce uses your consumers’ natural and daily language, meaning your system can better understand how product names or even language can vary from region to region
- Customers can effortlessly make payments, all without having to touch a screen or type on a keyboard.
- Offers a competitive edge in the market since you can cater to your customers faster
In the coming years, by integrating v-commerce into your business strategy, you can tap into this growing market and enhance the shopping experience for your customers before any other business in your industry. This will skyrocket your sales in the shortest time possible and make you a leading business for excellent customer service!
Opportunity #2 – Mindblowing AI integration in handheld devices
Another area where AI is making waves is in hardware integration. Innovations such as smart glasses equipped with AI-powered cameras, microphones and speakers are revolutionising how businesses interact with customers.
What can AI in handheld devices do for your business?
- AI can be integrated into various devices, such as smartphones and tablets, to provide personalised and context-aware customer experiences
- Customers can take a picture of an item and find similar products in your store
- AI can analyse customer data to predict future trends and customer behaviour
With these existing developments, it’s time to invest in exciting hardware that can improve operational efficiency and customer engagement. It will give you a competitive edge because you will be an early adopter of this technology.
Opportunity# 3 – Robotics is now a part of the workforce
AI-powered robots are not a thing of the future anymore. Right now, some businesses are already transforming industries, particularly manufacturing and logistics. With robotics, you will position your business for long-term success because economically, it is cost-effective with less costs in machinery and hiring more employees.
What can robotics technology do for your business?
- The robotics technology will automate repetitive tasks
- Improve safety in the workplace
- Reduce costs and increase output
Remember, though, that you will still need to hand over tasks to human employees that will require creative and analytical thinking, but, robotics can streamline processes that will save your employees more time and focus on other tasks!
Stop press!! Robots are on their way to our homes as well as our workplaces. Companies are already sharing prototypes for ‘General Purpose Humanoids’ that will become part of our daily lives. As a business, this presents potential threats but also fantastic opportunities.
Opportunity #4 – The Brain-Computer Interface (BCI) technology
While still in its early stages, brain-computer interface (BCI) technology has the potential to revolutionise businesses. In case you didn’t know, the brain–machine interface or smart-brain, is a direct communication pathway between the brain’s electrical activity and an external device.
How can BCI technology help in your business growth?
- Enable hands-free operation of machinery and equipment
- Enhance data security through biometric authentication
- Increase productivity with seamless interaction between humans and computers
With companies like Elon Musk’s Neuralink pioneering this technology, the possibilities are endless! Embracing BCI technology can propel your business further ahead and open up new opportunities, some of which we are only just beginning to see.
Opportunity #5 – Building Custom AI for Businesses
One of these exciting developments is building an AI-powered digital assistant that will help you and your employees streamline processes and ease heavy-duty tasks in the workflow. Investing in custom AI solutions can lead to increased efficiency, productivity and profitability. While this digital assistant can not replace human assistants, it does help improve accurate data tracking and ensure that reminders are followed through.
Build an AI-powered digital assistant and:
- Automate routine tasks
- Gain valuable insights from accurate data
- Improve customer service through prompt response and automated follow-up reminders
In integrating this technology, AI assistants allow human assistants to focus on other major tasks that require critical thinking or free up some time to help them accomplish other tasks that require attention. This will surely improve your employees’ well-being and at the same time, they can support you in developing other key areas in your business.
Practical steps for the future – Investing in AI technology as early as now
Implementing AI technology can drive success and achieve sustainable growth. By embracing AI-powered solutions, business owners can stay ahead of the game. As the AI revolution continues to unfold, now is the time for businesses to adapt, innovate and thrive in the digital age.
If you are ready to ride the great AI wave that will benefit you and your business today and beyond then it’s time for you to learn valuable information about it by attending our greatest AI event of the year – Reimagine Your Business! Check out event details here and register for FREE: https://businessblueprint.com/nz/event/
