Automate your processes: how can AI revolutionize your business?
The industrial sector has tremendous potential for integrating profitable artificial intelligence (AI) solutions. Automation, performance analysis, prediction and process optimization are just a few examples of AI applications that can revolutionize a team or an entire company!
With so many innovative avenues available, one question companies frequently ask is "Where do I start?"...
Here are four positive benefits of using AI through process automation for businesses.
➔ 1 - Reduce operational costs
➔ 2 - Improve the quality of information
➔ 3 - Accelerate business processes
➔ 4 - Reduce compliance risks
1 - Reduce operational costs
Initially, AI can enable the reduction of operating costs by automating several manual tasks with low added value. In this context, we also talk about enhancing the value of available jobs.
2 - Improve the quality of information
AI can also contribute to improving the quality of information, in particular by enabling the automatic classification of data collected, whether structured or not. It offers the possibility to extract data from different information sources and to verify them automatically.
3 - Accelerate business processes
Improving the customer/supplier/partner relationship as well as reducing exception handling are also two examples of benefits that AI can bring.
4 - Reduce compliance risks
AI has the potential to reduce compliance risks, including controlling the flow of incoming documents and connecting each document to its business transaction.
These four positive effects are examples among many others. In an era where there is a shortage of manpower, it is essential to know how to use the data collected in order to improve productivity and to offer attractive jobs with greater added value.
It is often difficult to determine where to start and how to invest to maximize the potential of data. In addition, starting a project in data valuation and/or AI can be a significant investment for some organizations. However, there are grant programs that can help companies and organizations maximize the value of their data.
It is important to note that grant programs may be available at different levels, depending on the size of the organization and the type of project being considered. Therefore, it is recommended that you involve your external advisors in the application process. They can help you determine the project's technical objectives (including quantified measures of success), the degree of technical innovation and risk, the work plan (phases, amounts, and anticipated activities), and the technical capabilities required (if using subcontractors).
Otherwise, you should know that Videns Analytics offers professional support and consulting services for all data-related matters!
Contact us to discuss your projects and ambitions!
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