03/27/2024

Integrating AI to Improve Business Practices

Consider these tips from i3 Commerce Technology

While acceptance of artificial intelligence (AI) in mainstream society is a new phenomenon, it is not a new concept. The modern field of AI came into existence in 1956; however, it took decades of work to make significant progress toward developing an AI system and making it a technological reality.

Today, it is commonplace in people's daily lives through self-driving cars, digital assistants like Alexa, facial recognition, social media and so much more. AI has a wide range of uses in business as well. From the mundane to the unbelievable, artificial intelligence is already disrupting virtually every business process in every industry. As AI technologies continue to grow, it is becoming necessary for companies to utilize AI to maintain a competitive edge.

Integrating AI Into Business Operations

Forward-thinking businesses that embrace and implement AI solutions stand to thrive in terms of efficiency, productivity and customer satisfaction. Businesses hesitating to implement AI risk lagging behind, limiting their growth potential and missing out on AI's capacity to identify and rectify costly errors within operations. Not to mention the potential of AI within accounts receivable departments. Businesses can ensure timely transactions by automating invoices and facilitating electronic payments. Automated reminders can even be sent to overdue accounts.

Please select this link to read the complete blog post from i3 Commerce Technology.