In investing in software that is intelligent, you can automate repetitive tasks, bolster creative output, and accelerate growth. The good news is that there are a lot of software options, a lot of which are cost-free or accessible.
However, not all AI tools are made equal. Some are more advanced than others, but all offer entrepreneurs significant value. It is therefore essential to understand the capabilities of every tool before integrating it into business workflows.
For instance natural language processing (NLP)-powered applications like Grammarly can help entrepreneurs improve their writing and suggest ways to improve the readability and tone. This is a useful tool for anyone who creates business proposals, presentations, or other documents for their startup.
Other AI tools are also available to help businesses monitor as well as analyse and visualize data. Tableau for instance, lets users create visually informative data visualizations and gain insightful insights. This can be a tremendous benefit to small and start-up businesses that may not have access to an analyst for data.
Chatbots are among the most useful and interesting intelligent software tools. This type of artificial intelligence is used to automate customer service, answer common questions, and provide guidance through a voice or text interface. Chatbots can significantly reduce the amount of time and money spent on customer service, while increasing the quality of the experience for customers.
Another example of an intelligent software tool is Utah Jazz’s seat-by-seat visualisation app that gives fans the most important sales and revenue figures for each individual row in the arena. It assists the team in optimizing ticket sales by enabling users to quickly detect patterns and problems. It’s important to keep in mind that these types of AI tools are in the process of evolving and require a certain level of supervision and oversight by humans in order to be effective.
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