Published December 31, 2022 | Version v1
Journal article Open

The Importance of Artificial Intelligence in Start-up, Automation, and Scalation of Business for Entrepreneurs

Description

The ability of a digital computer or a computer control robot to perform tasks having an association with an intelligent being is termed as Artificial Intelligence. By using AI for sales, 40 to 60% of the cost can be reduced, more than 50% of the lead can be generated, 60 to 70% of the call time can be reduced. Team workload can be reduced, and conversion can be increased by acquiring deeper insight into targeted customers using AI. Specific audience can be targeted using AI by identifying patterns in an individual’s search behaviors, providing them the knowledge they’re looking for. The tasks which require repetition in work can be reduced which eventually decreases employee’s workload. AI automates tedious activities, cover the trends which are hidden and improves accuracy and efficiency. It also analyzes candidate’s potential based on their interests and previous experience of work making it easier to hire the right candidate in a hiring process. It also detects threats in the system, monitors its patterns and save the company from cyber-attacks after finding the source and taking precautions to prevent from future threats.

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