At the current rate, AI systems worldwide are on pace to hit nearly $50 billion in revenues by the year 2020. The proof is in the pudding. And if you’re not yet leveraging the power of machine learning, you can bet your competitors are. The good news is, you don’t need a massive budget or a team of experienced data scientists to start putting machine learning to use in your business. In fact, to follow are three practical areas where almost any organization can get started with ML technologies.
If you have an IT help desk for employees or a support team dedicated to customer inquiries, you have a great opportunity to leverage machine learning technology. Chatbots can be trained to handle everything from the most basic FAQs to complex issues, working in tandem with human agents.
Not only will a chatbot strategy free up your support staff to focus on more important business initiatives, but it’ll also improve service levels, so it’s a win-win. (Not sure where to start? Here’s a step-by-step guide to implementing bots along with some tips for what not to do.)
According to research by Ponemon, the average cost of a single ransomware attack is $5 million. And that’s just one strategy hackers use. If you think cybersecurity is not a big deal, think again. The problem is, cyber criminals are becoming savvier and using more sophisticated methods by the day. Staffing enough people to handle the onslaught isn’t just challenging. It’s next to impossible.
The good news is, machine learning can be used to augment your IT security team, providing an added layer of protection against potential breaches. Intelligent automation can work around the clock, constantly monitoring and analyzing mountains of data and identifying/addressing anomalies before they have a chance to wreak havoc.
While there are certainly areas of the human resources function for which a human touch is still needed, such as discussing sensitive matters with employees, the reality is, the vast majority of today’s HR processes and workflows can easily be automated.
For instance, machine learning algorithms can be used to weed through job applicants, saving recruiters time and aggravation, while intelligent automation can handle new employee onboarding far faster and more efficiently than a human agent could. To get you started, check out these 5 tips for optimizing HR with automation.
Of course, none of these things will be possible without the right technology. Thankfully, you don’t have to be an AI guru to leverage machine learning, nor do you have to hire a team of experts. In fact, you don’t even have to know how to code. Experience the power of plug-and-play intelligent automation by requesting an interactive demo of Ayehu or jump right in with your free 30-day trial today!