I recently wrote about 12 ways AI can improve work, but I came across a new report from Accenture that suggested it could also have an impact on the bottom line.
The report, Reworking the Revolution, suggested that AI has the potential to double the annual economic growth rate in 12 developed countries and boost labor productivity by 40 percent by 2035. That’s not insignificant.
The report’s authors suggest that AI could lead to $14 trillion in economic growth across those 12 countries by 2035. That’s a significant number, but they believe it’s possible.
1. AI can help with the hiring process
Finding the right candidates to interview can be a time-consuming process. AI can help by sifting through resumes and cover letters to find job candidates that meet the criteria set by the employer. AI can also help candidates by providing feedback on their resume and cover letter and suggesting ways to improve it.
“AI can help make the hiring process more efficient and effective,” said Aditya Singh, co-founder and CEO of job search platform Career Karma. “By automating the initial screening process, hiring managers can focus on meeting with the most qualified candidates. This can help reduce bias and improve diversity in the hiring process.”
2. AI can help schedule meetings
One of the most time-consuming tasks you can do is schedule a meeting. It can take hours of back-and-forth communication to find a time that works for everyone. Then, as soon as you think you’ve found a time, one of the attendees will let you know that it doesn’t work for them. This can go on for days.
AI can help you schedule meetings in a fraction of the time. There are a number of AI tools that can look at your calendar and the calendar of the person you want to meet with and find a time that works for both of you. It can then automatically schedule the meeting for you.
3. AI can help with customer service
Customer service is another job that can be time-consuming. AI can help with this by providing quick, accurate responses to customer inquiries.
Chatbots are a great example of how AI can be used to improve customer service. These programs can be used to answer customer questions in real time, freeing up your employees to focus on other tasks.
Chatbots can also be used to provide 24/7 customer support, which can be a huge benefit to your customers. Even if your employees aren’t available to answer questions, your chatbot can be.
4. AI can help manage your inbox
Email is a critical means of communication in business, but it can also be a productivity killer. That’s especially true if you receive a lot of email and have to spend time sorting through messages to find the ones that are most important. AI can help you manage your inbox more efficiently.
You can use AI to automatically sort your email and even write responses. There are a number of AI-powered email tools on the market that can help you work more efficiently by managing your inbox.
5. AI can help with sales
Sales teams can use AI to analyze customer data. This can help sales teams identify new leads, determine the best time to contact potential customers, and even personalize sales pitches and sales proposals AI within a sales configurator can assist in spotting potential issues in customer relationships, allowing teams to proactively address and resolve them before they escalate.
AI can also help sales teams identify potential problems with a customer relationship. This can help teams take action to resolve issues before they escalate.
6. AI can help with content creation
From writing articles to creating video content, generative AI is being used across the board to help with content creation. AI Marketing can help small businesses create content that rivals that of larger competitors.
The owner of a small marketing agency, for example, may not have the time to write blog posts for his or her clients. With AI, they can use an article-writing tool to generate high-quality blog posts in minutes.
Video content is also a great way to connect with your audience. But, video editing can be time-consuming and expensive. AI-powered video creation tools can help you create professional-looking videos in minutes.
“The AI capabilities for content creation, both video, textual and even audio are increasing at neck-breaking speed and in the following years, the only limit will be just your imagination” claims Mike, the CEO of Tech Pilot – an AI Education platform.
7. AI can help with social media
Social media can be a time-consuming task, but it is an important part of any business. AI can help with social media by automating tasks like content curation, scheduling posts, and even responding to customer inquiries.
AI tools can also analyze social media data to help businesses better understand their customers and target their marketing efforts. This can help businesses save time and money, and it can also lead to better results.
8. AI can help with website design
If you want to build a website, but don’t have the time or resources to hire a professional, AI can help. AI website design tools like Rollout allow you to create a professional, custom website in minutes.
These tools use AI to ask you a series of questions about your business and your design preferences. Then, they generate a website design that is tailored to your needs.
AI website design tools are a great way to save time and money when building a website for your business. With these tools, you don’t need any design or coding experience to create a beautiful, functional website.
9. AI can help with cybersecurity
AI can help protect your business from cyber threats and attacks. By using AI, you can identify and respond to security risks in real time. This can help you prevent data breaches and other cybersecurity incidents that could be costly to your business.
AI can also help you detect and respond to cyber threats that you may not be able to identify on your own. This can help you protect your business and your customers from potential harm.
In short, AI can help you improve your cybersecurity efforts and protect your business from potential threats.
10. AI can help with data analysis
Data is a critical part of any business, but it’s only useful if you can analyze it. AI can help with that.
AI can be used to analyze data and identify patterns, trends, and anomalies. This can help businesses make better decisions and improve their operations.
AI can also be used to automate the process of collecting and analyzing data, which can save businesses time and money.
11. AI can help manage your calendar
If you have a hard time keeping up with your schedule, an AI assistant can help. Tools like x.ai can schedule meetings for you by coordinating your calendar with other parties involved in the meeting.
This can be a huge time saver and can help ensure that you never miss a meeting. It can also help you avoid double-booking your time, which can be a common problem for busy professionals.
12. AI can help with document management
AI can be used to help manage documents. This can include everything from sorting and organizing documents to scanning and digitizing them.
AI can also be used to help with document retrieval and search. This can be especially useful for companies that have a lot of documents to manage and don’t have the time or resources to do it manually.
Conclusion
This is just the beginning of the ways AI can improve work. As the technology continues to develop, we expect to see even more AI applications that help people work smarter and more efficiently.
