We’ve all heard of artificial intelligence (AI) and its multi-faceted capabilities — from writing an essay in seconds to combing through billions of lines of data to parking a car, AI has become widely used in many fields and even our everyday lives. Powered by increased computing power and data availability, natural language AI models like ChatGPT have achieved never-before-seen capabilities in understanding and generating human-like text, and we are starting to see how artificial intelligence can understand our preferences, augment our capabilities, and introduce new conveniences into human daily lives.
Continue reading “Exploring 10 Uses of Artificial Intelligence in Business“Author: KDAN
How Can Businesses Integrate AI and Sustainability?
For businesses, achieving sustainability goals to comply with legal regulations and ensure sustainable growth is crucial. With the advent of AI, the integration of AI and sustainability has become a hot topic. For instance, companies traditionally have to rely on manual labor to create sustainability reports by compiling data, comparing sustainability reporting standards, and preparing these reports. AI can change this time-consuming process and significantly reduce labor costs. The following introduces how companies can integrate AI and sustainability, highlighting how these integrations can lead to positive outcomes in both sustainable development and business growth.
Continue reading “How Can Businesses Integrate AI and Sustainability?“What is a Digital Workflow? How to Automate It and What Are the Benefits?
The digital age has ushered in a wave of transformation that businesses can no longer ignore. As we navigate 2024, the pursuit of growth and operational efficiency has become a top priority, with a staggering 89% of high-tech and software companies actively seeking new pathways, according to an Accenture study. In this climate of change, bridging the gap between manual and digital processes has become crucial, leading many enterprises to integrate digital workflows into their operations.
Continue reading “What is a Digital Workflow? How to Automate It and What Are the Benefits?”What is Corporate Sustainability? How to Achieve it in Business?
The world is currently facing various challenges related to sustainability, including climate change, resource depletion, and social inequality, etc. These issues impact how people live and profoundly affect the operations and development of numerous global businesses. Companies must incorporate sustainable business approaches and balance economic growth while addressing issues related to sustainable operations. These have become challenges for companies worldwide nowadays.
According to the findings from PwC’s 2023 Global Consumer Insights Pulse Survey, more than 75% of consumers are willing to pay a higher price for products due to factors like the use of eco-friendly materials and traceable product sources. This indicates a rapid increase in consumer awareness of ESG in recent years. In this trend, businesses looking to stand out in a competitive market must adopt proactive sustainability strategies.
Continue reading “What is Corporate Sustainability? How to Achieve it in Business?“What’s the Next Step for SMEs and Startups with Gen AI? How to Drive Your Business Growth with It?
Research shows that AI can streamline tasks and connections, boosting productivity by 66%. Additionally, AI enables businesses to accurately predict customer behavior, enhancing their ability to adapt swiftly to market changes.
However, for small and medium-sized businesses (SMEs) and startups, adopting AI is not so straightforward. Research indicates that SMEs face significant challenges when adopting AI-based technologies. For instance, tight cash flow can increase operational costs, which might be passed on to customers, and SMEs often struggle to fully understand AI’s value and benefits. This situation can trap SMEs in a digital conundrum, making AI implementation difficult to navigate effectively.