How Companies Are Using Artificial Intelligence to Boost Their Business

Swirly McSwirl - Jul 18, 2024

Companies using AI have seen a 25% increase in productivity on average. Artificial Intelligence is changing how businesses work, from small startups to big companies. Let’s look at how AI is changing business and why it matters.

AI Predicts Business Trends

AI helps businesses guess what might happen next. It looks at old information to make smart guesses about the future.

Netflix uses AI to suggest shows you might like based on what you’ve watched before. That’s why your suggestions are different from your friend’s. Airlines use AI to set ticket prices. They look at things like empty seats, other airlines’ prices, and even the weather to choose the best price.

AI also spots potential problems early. It helps businesses avoid bad investments and catch fraud. Banks have used AI systems to catch fraud early.

AI Does Boring Work, Lets People Be Creative

AI does the boring stuff, so people can do more interesting work.

AI can look through lots of job applications to find good candidates, answer common customer questions, and write simple reports. This saves time. One big company said using AI in hiring helped them look at resumes 75% faster!

AI also finds ways to make things better. UPS uses AI to plan the best routes for its trucks, saving about 10 million gallons of fuel each year. This is good for UPS and the environment!

AI Helps with Money

AI is like a smart accountant for businesses. It can predict when machines might break down. This helps companies fix things before they break, which saves money.

AI chatbots and virtual assistants help customers 24/7. They solve simple problems fast and let human staff handle harder issues. AI also helps businesses manage their supplies better. It predicts what customers will want and when. This means less money spent on extra stuff and less waste.

AI Brings in More Money

When businesses buy new things, they want to know if it’s worth it. AI is proving to be a good buy for many companies. AI helps businesses earn more by making better ads, suggesting products customers might like, and making customers happier. AI also saves money by doing tasks automatically, reducing waste, and catching problems early.

These aren’t small improvements – they’re big changes. A study found that companies using AI a lot could maybe double their money by 2030.

AI Changes Jobs

As AI changes business, it’s also changing jobs. Some people worry AI might replace jobs, but it’s also making new ones. Data scientists, AI trainers, and ethics officers are some new jobs in the AI world.

By helping businesses work better and faster, AI could lead to new products and services we haven’t thought of yet. Just like the internet made new jobs, AI might start whole new types of work. But as we use more AI, we need to think about its effects. How do we make sure AI is used fairly? How can we get workers ready for a world with more AI? These are big questions that businesses, governments, and everyone will need to think about.

AI is Here Now

AI isn’t just cool tech – it’s a powerful tool that’s changing how businesses work. It helps companies make smarter choices, get more work done, and save money. The exciting part? We’re still at the start of this AI change. As AI gets smarter and easier to use, we can expect even more amazing changes in business.

So, whether you own a business, work for one, or buy from one, it’s time to think about how AI might affect you. Could AI help your company work smarter? Could it make new chances in your job? There are lots of possibilities, and the future looks exciting.

Remember, AI in business isn’t coming – it’s already here. Are you ready to be part of it?

SWIRL: Making AI Work for Your Business

Want to make AI work for your business?

SWIRL and SWIRL Co-Pilot can help. SWIRL is like a super-smart assistant that makes your company’s information easy to find and use.
SWIRL puts all your company’s information in one place. It’s like having a smart dashboard where you can find anything you need. This saves time and helps everyone work faster.
What’s great about SWIRL is that it’s easy to set up. You can connect it to different places where your company keeps information, and it does this safely. You don’t have to spend a lot of time setting it up.
SWIRL is flexible too. If you want to use a different AI model, you can switch easily. This means you can always use the best AI for your needs.
SWIRL is really good at finding the right information. It doesn’t just give you any answer – it gives you the best answer for your question.
When employees can find information easily, they learn faster and do their jobs better. This means your company can get more done and be more successful.

With SWIRL, you’re not just using AI – you’re making it work for you in the best way possible. It’s a smart choice for any business that wants to stay ahead in today’s fast-moving world. Book your demo.