Business Insider article Businesses that use artificial intelligence and machine learning will be able to generate higher revenues in the future, according to research by the National Institute of Economic and Social Research (NIESR).
The researchers say artificial intelligence will be used in all aspects of human business, including hiring, sales, marketing, customer support, financial, and tax.NIESS Research Director, Michael Tufenbrink, said the rise of artificial intelligence is one of the most exciting times for business.
“The use of AI has exploded in recent years.
It is going to revolutionise our lives.
It will change our way of doing business, it will change how we work with each other, it can disrupt our markets, and it is already having a big impact on the way we live our lives,” Tufonbrink said.
In order to generate revenue from artificial intelligence, companies must understand how it works, how it interacts with other systems, and how it is used by consumers and employees.
TufenBrink says the NIESR study shows that the most promising use case for AI is for job-searching.
He says companies can use the AI to automate tasks and boost productivity.
“It is one tool that can be used by businesses to get their foot in the door faster,” Tuffenbrank said.
He added that the study also shows that many businesses have already been experimenting with artificial intelligence in various areas.
“If you have a great AI, then you can do really well in the marketplace,” he said.