3 Oct 2022| O-Founders
Role of AI Technology in SAAS Companies
A recent study shows that the success rate of companies integrating Artificial Intelligent systems into their business has been far higher than businesses that resist change. It is also found that a vast majority of these businesses are not even aware of the potential revenues and profits they could accrue through the use of such technologies. In fact, most of these businesses are so far along the technology road that they don’t see any value in accelerating the process. They accept that the future will be filled with computers and they can simply live with that.
However, such a conclusion is premature as many more industries, government agencies, non-profit organizations, and the general public are beginning to use such technology for healthcare, Transportation, Supply Chain Management, consumer protection, and virtually every other industry.
It’s a safe bet that most industries that use technology have already seen a positive outcome or a cost reduction. And if your organization hasn’t begun to utilize software applications, you are behind the times. You may be one of them. By not starting today, you’re likely to continue paying for unneeded software applications for years to come. The time to start implementing artificial intelligence technology in-house is now. Integrating it into your business at the earliest opportunity will yield the greatest benefits over time and give you a competitive edge.
Most companies are still stuck in a state of denial. They are unwilling to consider the idea that artificially intelligent software programs will soon be a norm and impact their business model. Yet many (if not most) of the major corporations are already using some form of artificial intelligence technology in their daily operations. Wal-Mart, for example, is utilizing some AI platform to recognize product-specific and generic visual search tools. Google has also employed some type of artificial intelligence tool, and IBM is using a similar strategy for its operating system.
You might think these businesses are being overly optimistic because nothing about Artificial Intelligence Technology is permanent. Artificial intelligence can be quickly adjusted, and the long-term result will be greater overall organizational productivity, more efficient customer service, and ultimately, increased profitability.
Why should businesses be any different? Why shouldn’t we use the same cutting-edge technologies currently being used by the largest businesses? After all, we all know that businesses cannot grow or succeed without them. If there is one thing that unites the largest businesses across the globe, it is their reliance on artificial intelligence. We cannot continue to do what we’ve been doing for decades without computers and technology, as our current systems are not capable of doing what we do anymore.
Businesses can begin to embrace the notion that artificial intelligence technology is not just another trend but rather a necessary part of their business model for the future. They cannot continue to ignore this new, important technology because it will be too late to create an impact and then improve it in the future. Organizations need to begin planning now before things get entirely out of hand. For this aspect, companies could get in touch with ONPASSIVE Technologies for a complete suite of tools and applications that help in improving the performance and productivity of an organization. They need to look at artificial intelligence technologies as a way to expand their business, not only in terms of providing an edge today but also in the future. In other words, they need to focus on applying these technologies right now, while they still have the time, to see true ROI.
Of course, a business cannot focus on its applications for artificial intelligence technology if it isn’t certain that it will be effective. It has to realize that while this new technology may be beneficial today, what may be advantageous tomorrow will eventually become harmful. This is why it’s very important to research to determine just what impact artificial intelligence technology will have on organizations going forward. It may seem like a scary proposition, but it’s time for businesses to start preparing. They need to understand what the future holds, and what they can do now to avoid being left in the dark, once again.
There are many examples of businesses benefiting from the integration of artificial intelligence technology. Google recently created a new program called Deep Mind, which uses artificial intelligence, including search engine results, to help its user find the most relevant search results. Microsoft made use of artificial intelligence technology to build an algorithm that improves the speed of its Bing search engine results to deliver the most relevant results to users. Apple, too, made good use of this technology with its new iPad. But the primary focus here should be on whether these technologies will be beneficial to humanity.
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Tags: Technology Artificial Intelligence