Why to use AI in your products

With artificial intelligence (AI) becoming an increasingly popular buzzword in the tech industry, software startups must prepare themselves for the upcoming big innovation. Early startups tend to be scared off by giant innovations like AI because it seems too complex to implement.

Whether it’s a large enterprise or a brand-new startup, AI has become fundamental to the success of many modern tech companies. By providing AI solutions to current business inefficiencies, it learns from similar problems in the future and will be able to deploy similar solutions in the future.

Almost every industry has found a way to use AI, from the automotive industry to life sciences to video games and beyond! AI is becoming easier to integrate into startup software and cloud solutions thanks to new advancements. AI research and development have also attracted the attention of many investors and other funding sources.

Why Implement AI at Your Software Startup?

PwC reports that AI will raise global GDP by 14% by 2030; startups are expected to play a significant role in this growth.

You should consider all the ways AI can cut costs for your business, even if it may seem like an unaffordable luxury. AI can often be used to replace extra employees or outsource repetitive tasks. Alternatively, by delegating these tasks to AI, your employees will be able to concentrate on more creative, involved tasks. Some examples are data entry and logistical operations. By refocusing your employees and augmenting their existing skills with AI, you can increase productivity and significantly reduce wasted time.

AI for startups: common artificial intelligence tools and uses in business

Since AI features are now readily available in many commonly used enterprise software packages, large companies no longer enjoy the competitive advantage of access to enterprise-level AI solutions. To avoid being left behind by more tech-savvy rivals, businesses should learn how to take advantage of the services that are available to everyone. AI implementations are seamless when they are part of a platform you already use, especially for businesses worried about the technical and time requirements.

One of the major examples is Salesforce, a common platform for customer relationship management and sales. It launched an AI for startups platform called Einstein that can provide many helpful services to small businesses including:

AI features in enterprise software

Predicting customer service issues

Identifying new prospects

Personalizing marketing based on customer preferences

Automating emails so they’re sent when they’re most likely to be read

Predicting which leads are most important and the number of sales in your pipeline

How to use AI in your product in 7 Steps

1. Get Familiar with AI

2. Identify the Problems You Want AI to Solve

3. Prioritize Concrete Value

4. Acknowledge the Internal Capability Gap

5. Bring In Experts and Set Up a Pilot Project

6. Form a task force to integrate data

7. Start Small

To know more, reach out to sales@analyticsfoxsoftwares.com