With all the latest innovation in artificial intelligence and automation, it’s easy to get caught up in the hype. With the AI market worldwide expected to grow to nearly £46 billion by 2025, there is little doubt that it will have a significant impact on businesses of all sizes in the near future. However, it can be difficult for business leaders to push past the buzz around AI and fully understand the ways this emerging technology can help them achieve their business goals today.
In order to help businesses across the UK, Sage has launched a new guide which offers a clear breakdown of the benefits of AI and Automation for business and industry.
Experimenting with AI can be costly and if used incorrectly it can produce very little in terms of practical or tangible results. In order to discover if AI is capable of helping your business, the focus for business leaders should be on answering these three questions:
- Can the application of AI make your business run more effectively and efficiently?
- Can AI solve your business problems?
- Can AI make your business more profitable?
The cost-saving, efficiency and safety benefits from implementing AI and automation to complete repetitive tasks may be immediately evident. However, business leaders should also consider the other potential benefits that AI and automation can offer. For example, the in-depth analytics that AI can provide can also be extremely valuable to businesses where insights can help you understand customers better and open the door to new niches to target. Also, by freeing up staff to focus on less mundane tasks, they will offer more value, can be more innovative and can produce creative solutions to help your business grow.
To help decide if AI is right for your business, take a look at Sage’s full in-depth guide to AI and automation. You’ll learn about the history of AI, the industries that have already been revolutionised by the technology, and the ways in which businesses can implement and take advantage of AI and automation.