Improving Business Productivity with Artificial Intelligence

Artificial Intelligence, or AI, has sought to revolutionize our world. The impact of AI can be noted vividly in the business sector, where companies can now complete their operations and tasks with greater efficiency and speed than ever before. It also helps businesses boost their productivity by overcoming human limitations.

The development of machine learning systems has further supported the emergence and growth of AI. From its influence in revolutionizing the gaming experience of a virtual escape room to the beneficial use of chatbots to improve customer relationships, the impact of AI is diverse. 

And given that your business knows how to implement AI, you can easily boost your company’s productivity seamlessly.

In this article, we have compiled a few important ways companies can benefit from using AI and enhance their productivity over time. Read on to learn more!

1. Improve your customer services.

With the help of AI systems, you can now offer enhanced and much more efficient customer service than you can ever imagine! One of the most common instances of using AI for customer services is leveraging smart chatbots. 

Chatbots are efficiently designed programs that can sort out customer queries and respond within seconds, without human intervention.

Therefore, once you start using chatbots for offering your customer services, you can reduce the immense workload on your existing customer service agents. Chatbots are smart enough even to detect the customer’s emotions and respond accordingly!

AI-enabled chatbots still have a long way to evolve as they learn more about human behaviors and become more efficient with time. Therefore, with the help of smart AI-enabled chatbots, you can now build stronger customer relationships and boost your business productivity over time!

2. Prediction of your sales.

Your business is already gathering customer-related data. Now, with the help of AI, you can efficiently use this data to serve your purpose! AI systems are efficient in detecting patterns and trends in your data. 

It can then help you understand which of your customers are more likely to purchase your products or services. The effective use of AI systems can also help businesses to generate more new leads over time.

AI analyzes every customer and behavioral data to let you know which customers will buy the products on their cart! The system analyzes past sales records, market-related data, common behavioral patterns, and several other factors to efficiently design customer profiles. These profiles then help them to predict which of your customers are most likely to make a purchase soon.

3. Transformation of your procurement.

AI systems are also evolving the way businesses used to procure their goods and services earlier. AI systems will offer beneficial insights into how different factors may affect your business operations at a particular stage. 

In this way, it allows you to stay prepared from before. Also, your business can make efficient and effective decisions with the cumulative help of machine learning systems and detailed analytics.

One may also expect advanced AI systems to help lower the forecasting errors that usually occur in supply chain management. Furthermore, businesses can also expect to reduce their transportation costs with the effective use of AI for forecasting errors.

It will also reduce the excessive need for human intervention in mundane processes like invoice processing, reporting the details of capacity utilization, etc. Thus, your workers and managers can now shift their focus to the higher-level strategies and processes rather than these tasks.

4. Reviewing and finding out essential data and information.

Going through those long and tedious documents, statistics, and papers to analyze them and draft helpful insights can often get too tiring for your workers. But with the help of AI systems, you can now accomplish this task without much need for human intervention!

The combined use of AI and ML can help companies create beneficial insights from all the data they have gathered. The efficient use of AI in reviewing and extracting any vital information that may lie hidden in your piles of data will help you reduce manual labor. It will also help businesses to gain creative insights about their future decisions.

Legal and management industries have already started using AI to extract crucial data. Once you start using AI to extract relevant and useful data, you can get a more efficient output than you can ever get from manual labor!

5. Improving your hiring process.

AI systems can help you even in the process of hiring your employees! Usually, it takes long hours for businesses to glance through the various resumes that pour in almost every day. But with the help of AI, you can now avoid the long and tiring manual labor for a much better and more efficient process.

AI technology now allows businesses to scan different resumes in just a few minutes. After that, recruiters and your hiring team can quickly find the most efficient candidates to have onboard! 

AI systems can help you achieve this task faster than usual and allow you to do it with greater accuracy than before.

Conclusion

While we just listed five effective ways Artificial Intelligence has sought to boost business productivity, there are still many other ways. Given that the technology is still evolving, businesses can continue to expect even greater efficiency soon!

Author Bio: Aniya more is one of the brightest content writer at Breakout escape room. She is a passionate writer who loves to read books and explore different escape rooms. With a great work ethic, she spends most of her time researching and reading. When she is not working, she likes to relax with a cup of coffee and enjoy watching her favorite tv show or walking her dog peanut. You can find her on LinkedIn.

6 Office Organization Tips That Boost Efficiency

There are so many distractions and ill thought-out uses of space in the office. These diversions within an office are known to be counterproductive. 

The pointers below are meant to simplify the process of navigating inside of your workplace and in turn increase the speed and accuracy in which tasks are completed. 

Control The Volume

A busy office can be a huge distraction. Make sure that you and other employees have the option to work in peace. It is imperative to have noise cancellation systems in place. 

Depending on the activity in your office, you may need noise cancelling headsets or dividers, cubicles or to shut doors in order for your employees to be able to think clearly above all the racket. 

This doesn’t mean that you should be working in dead silence. Some light background music has been known to create a relaxing atmosphere. This type of environment will boost efficiency.

Organize Your Desk

Each employee should preferably arrange their monitor and other equipment how they like and in a way that is most convenient for their own style of work. However, the desk needs to be neat and tidy. 

A cluttered desk is not an efficient one. It draws your thoughts away from your task. You need to be able to find what you need quickly. There should be a limited number of items on your desk. Only what is absolutely necessary. Anything that is not used daily should be stashed in drawers. 

Create a Common Area

Employees who socialize during or outside of work hours are known to work better as a team. 

Give your employees a chance to get to know each other by creating a welcoming common area. This could be as simple as a table and some chairs. The point is that people will gladly gather around to take a break, get away from their desks, clear their heads and have a chat, therefor forming bonds. 

It could also be an ideal place for solving work-related issues. All of the above makes for a more productive office. 

Rethink Your Layout

Are the desks and other furniture placed in a way that makes sense for your office dynamic? Are the screens of the computer monitors turned away from natural light, therefor lessening the glare? 

Would an open plan arrangement, where ideas can be tossed back and forth, benefit your business? Here is a wild idea. Arrange the desks and computers in a way which enables everyone in the room to see each other’s’ screens. This may seem drastic, but it is a sure way to increase productivity. 

Organize Your Files

We are all too familiar with the fact that documents need to be stored meticulously. This includes digital files. You should use the same sorting system that you use for hard copies and it should be unified throughout the office. 

It will make it so much easier for anyone who needs it to access them, especially in the case of your absence. Whatever system works best; categories, alphabetical, numerical, ect., it is crucial that everyone is on the same page when it comes to filing. 

Documents and papers need to be dealt with the moment they enter the office, otherwise they will get lost. 

Keep It Within Reach

Each item in your office should have a designated space. The things you use several times a day should be within arm’s reach- cutting down on the time it takes you to get them. 

The things that you use periodically should be easy to find but stored away in cabinets or on shelves. Finally come the things that you do not need at the moment, but cannot throw away. 

If you do need to keep hardcopies, for example (and you almost always do at least for a certain number of years), storage Brisbane based providers suggest that you select a unit that will house all of the archived files until you no longer need them.

Creating a pleasant and organized atmosphere will most definitely have a huge impact on your productivity at work. 

These tips will not only make your office more efficient, they will make it more bearable to come to work each morning, knowing that you are walking into a work-friendly space.

Follow McDonald’s Business Model to Improve your Business’ Productivity

McDonald’s is one of the most popular food chains to rule the globe. It is, in fact, the largest food chain to sell fast foods like burgers, French fries and soft drinks. McDonald’s continues to satisfy the hunger of million customers on a regular basis. 

This is only a rough estimate; the figures may well be on the higher side. What’s the secret behind such a humongous business success? McDonald’s as an entity does not possess extraordinary skills or abilities. 

It is simply a fast food joint serving good, hygienic and tasty items. There are several similar competitors available, but they have never been able to achieve heights that McDonald’s has reached. 

Definitely, there are reasons that can be held responsible for the company’s constant success. 

Let’s take a look at some of the essential business policies being followed by McDonald’s:

Streamlining the process

There can be better fast food outlets and brands available. However, McDonald’s enjoys the highest popularity. This is because they have the entire business process perfectly streamlined to ensure best customer services. 

They have the fastest services, whether you opt for home delivery, counter purchase or take away. They have a highly streamlined process, right from cooking to putting the stuff together and preparing the dish, and serving to the clients. 

Being streamlined also makes it easier for them to attend more customers within the shortest time-span in comparison to other fast food joints.

Utilizing the concept of Upselling

This is an excellent business process that can reap great results, if handled intelligently. McDonald’s sales staff always have a tendency to boost the clients in including other available items with the ones they are ordering. 

Say, for example, if you are planning to order a cheese chicken burger, they will request you to add French fries and soft drinks to make the meal look fuller. They will also convince the clients with the money savings schemes, if the items are taken together. 

This is an intelligent policy to increase sales and productivity of every item, available with them. And the funny part is that such a policy works big time.

Discounts and limited period offers

McDonald’s also offers limited period food items to increase their demand. They have a tendency to suddenly introduce some special burger items at nominal rates. However, they keep the offer for a limited period. 

This is done intentionally to fetch more clients. They even offer McDonalds discount coupons to customers during the time of purchase. 

The coupons can be used for the next purchase, but it also comes with an expiry date. These are all promotional campaigns to keep up the sales. 

Repackaging the products is an art by itself that not everyone has the ability to carry out perfectly. Speaking about McDonalds, they are masters at repackaging their products in the most perfect way. 

This ability also helps them to take advantage of the different price levels. The concept of “Happy Meal” is the best example to complement this fact. For a few dollars extra, you are getting the good old hamburger with fries, drinks, chocolates and an additional toy. 

Now, isn’t it an attractive deal for the kids? In fact, there are several other meal options available from McDonalds that utilize the repackaging concept for better brand endorsement and high business productivity.

Author Bio: David Wicks is a blogger and e-marketer. He is a regular columnist for https://www.mcdelivery.co.in/. In this article, he has tried to figure out some crucial business policies that have proved to be highly fruitful for McDonald’s’ huge success. These principles can be utilized by anyone planning to be an entrepreneur or want to take up a franchise for some popular and renowned brand.