How Are AI-Based Online Tools Helpful for Business?
Image created via Merlin
Picture this: you are running a small business, dealing with multiple tasks, & trying to keep every single thing on the right track.
Sound familiar?
Indeed, it does to me.
Managing my business felt like a never-ending task for me a couple of years ago.
Then, something unique happened – I discovered AI-powered online tools.
These tools have entirely changed how I work, making my life simpler & more manageable. But don’t just take my word for it.
According to Accenture, AI could skyrocket business productivity by up to 40% by 2035. McKinsey predicts that AI could add around $13 trillion to the global Economy by 2030.
Amazing, right?
How do these AI tools help businesses streamline their workflows?
In today’s step-by-step guide, I will discuss how AI tools can revolutionize your business. You’ll explore real-life examples & my personal experiences into how these tools can make your business smoother.
Here you go!
Enhance productivity & efficiency
Streamline operations
One of the best benefits of AI-fuelled tools is that they can help you streamline business operations.
How?
I’m sharing my personal experience with you.
I remember the countless hours I spent on administrative tasks, including scheduling meetings, tracking emails, and organizing documents.
Virtual assistants & automated scheduler tools have the power to automate these time-killing tasks.
Yes, you’ve heard right.
AI virtual assistants can help you manage your calendar, send reminders, & even write emails for you.
Sounds impressive, right?
Tools like Google Assistant & Microsoft’s Cortana can handle these demanding tasks, allowing you to invest your time in other aspects of your business.
Automate customer service
Artificial Intelligence has also made waves in the area of customer service.
Business professionals can implement AI chatbots on their sites to quickly respond to customers’ queries.
The best part?
This improves customers’ experience with your site.
On the other hand, humans sometimes struggle to respond to queries, especially during peak hours.
You don’t need to dread the holiday season because of customer inquiries. Introduce an AI chatbot & believe me, it will change everything for you. Your customers will receive instant responses.
Improve decision making
Data analysis & insights
Businesses need to generate a massive amount of data daily.
Analyzing this data manually isn’t only time-consuming but also prone to errors.
Luckily, AI tools can analyze large datasets quickly and accurately on your behalf. They provide you with valuable insights that can drive business decisions.
You can benefit from analytics tools to identify market trends, customer preferences, & potential Growth areas.
I recall a time when we were launching a new product. We had tons of data from different sources.
With AI analytical tools by your side, you can quickly identify market trends and customer preferences. This helped us develop effective marketing strategies.
Predictive analytics
Artificial intelligence has the power to make predictions. Yeah, that’s true.
AI predictive analytics tools use past data to forecast future outcomes, which is incredibly useful for businesses in understanding market shifts.
This way, you can plan things strategically.
By analyzing previous sales data using these tools, you can gain valuable insights into future sales trends.
It’s a big win for you!
Content creation & refinement
Content generation
Creating quality content is a crucial part of any marketing strategy. Let’s face the reality: this task requires a lot of time & manual effort.
The good news is that AI tools can help you craft content ideas & even write entire blog posts.
This saves you a lot of time.
Tools like ChatGPT and Jasper.ai use artificial intelligence to create premium-quality content based on your input. Whether you need an article, an email newsletter, or a social media update, these tools provide relevant content.
Avoid plagiarism
In the business industry, writing unique & original content is essential. You can’t pick content from someone else’s case studies or other business materials & present it as your own. If you do so, you’ll commit plagiarism.
The consequences of plagiarism are severe; Google penalizes the sites for copying content from other websites.
So, please make sure your content is free from plagiarism.
An online plagiarism remover helps ensure that your content is free from plagiarism. It paraphrases sentences, paragraphs, & even entire blog posts, giving you a fresh perspective while maintaining the original meaning.
While working on business reports & other materials, I found it challenging to keep the content unique while avoiding accidental plagiarism & conveying the same information.
Using a plagiarism remover tool, I could efficiently rewrite my text, ensuring that each write-up was plagiarism-free.
Enhance text readability
Sometimes, business content can be too complicated for average readers. An online sentence rephraser can simplify the complex text, making it more engaging, relatable, and readable.
This is useful for creating user-friendly guides & marketing materials.
I once had to create a user manual for a software product. The initial draft was written with complicated instructions. Using an AI rephrase tool, I could transform that text. It was more accessible & more straightforward to understand for readers.
Facilitate remote work
Virtual collaboration tools
The rise of remote work has made virtual collaboration tools highly valuable for business people. AI tools like Zoom, Slack, & Microsoft Teams have entirely changed the way we communicate & collaborate with our team members.
These tools are packed with these features: real-time messaging, video conferencing, & file sharing.
This allows you to connect with your remote team anywhere in the world.
In 2023, our team had to transition to remote work for some weeks. It was really challenging, but AI-powered collaboration tools made the transition simpler and easier for our team.
The best part was that we could stay connected & share updates with each other despite being miles apart.
AI-driven project management
Managing projects remotely can be challenging, but AI project management tools like Asana & Trello have made it more accessible. These tools use artificial intelligence to help you plan, execute, & monitor projects efficiently.
You can track assign tasks to your team & track progress effortlessly.
I used to struggle with keeping track of several projects, especially when my team members worked remotely. With these two tools, I was able to keep everyone on the same page.
AI in financial management
Automated bookkeeping
If you want to excel in your business, you need to manage your finances carefully. AI bookkeeping tools can automate financial tasks like invoices, expense tracking, & payroll management for you.
This reduces the risk of errors. The accuracy & efficiency of these tools can help you maintain better financial records.
Financial forecasting
Artificial intelligence can be utilized for financial forecasting.
That’s correct.
By examining past data & market patterns, AI tools can anticipate future financial outcomes. This is important for budgeting, strategizing, & overseeing cash flow.
For example, you can employ AI financial forecasting tools to prepare for the next fiscal year. They will deliver precise predictions & enable you to distribute resources more efficiently.
Conclusion
AI tools have transformed the way businesses operate. They offer a wealth of benefits, from boosting your productivity & improving decision-making to facilitating remote work.
Reflecting on my journey, I can’t imagine running my business without these tools. They’ve not only made my life easier but also contributed to its growth.
So, to take your business to the next level, consider using AI-based tools in your daily operations.
Originally Published on https://www.breakfastleadership.com/
