The use of technologies related to artificial intelligence is increasingly common in companies. From basic telephone service systems, through chatbots for customer service and reaching more complex production control systems, or even to the search for talent, artificial intelligence is gaining ground in process management, with its various advantages. If you are running a startup or business and want to implement Artificial Intelligence to increase your revenue, have a look at the best AI developers in Toronto.
Incorruptible and objective
Artificial intelligence lacks the human component, emotionality, and feeling. In many cases, this is not particularly useful, but sometimes it is because a computer is incorruptible and reacts according to strict rules and specifications. Decisions made through corruption or personal sensitivities are almost impossible with the help of artificial intelligence. In times of populist tendencies, fake news, and similar unpleasant side effects, a certain amount of rationality can be anything but bad.
How does artificial intelligence help your company?
Many analysts confirm the enormous potential of artificial intelligence in business applications and more and more companies are addressing machine learning issues. According to a report by Accenture, companies that incorporate AI into their business models could see their revenues increased up to 38% by 2035.
AI can become an ally by simplifying communication with customers, evaluating user behavior. Moreover, artificial intelligence systems are being used in the control of production equipment or devices connected.
In this digital age in which we live, our clients have unlimited access to information about us, our brands, products, and services. They expect us to full Omnichannel availability 24 hours a day, 7 days a week and continuous service throughout the value chain. Thanks to Big data we have a 360º view of the client in each interaction, which drives us to design memorable experiences and maintain an active dialogue 24/7.
This is why we must build an operating model that understands our customers well and the lifetime value with which they contribute. This requires a unique and unified 360º vision of the client, which allows us to optimize our interactions in all channels and departments. This is easily achievable by implementing AI-enabled solutions.
Companies with a greater vision for the future are turning to machine learning and artificial intelligence to predict the behavior of customers and prospects at an individual level, which translates into better relationships, operations and return from the investment. (ROI) Machine learning, that is, the technology that underlies artificial intelligence systems that predict business KPIs very accurately, is rapidly replacing traditional statistical modeling in all industries.
Machine learning allows the most innovative marketing teams to discover new business models hidden in large data repositories: these can come from sources such as customer surveys, website traffic, purchasing behavior and more.
Chatbots are AI-based conversation agents that are used in many of the different customer interaction scenarios. They are designed to simulate human conversations through the use of natural language processing algorithms and can provide immediate and personalized responses. This eliminates frustrating delays and errors in customer service, particularly in handling customer complaints.
According to the annual talent report produced by the consulting firm Commercial Real Estate Services, which classifies 50 US and Canadian markets according to their ability to attract and develop technological talent, Toronto is the fastest-growing market.
The only Canadian city in the top 10, Toronto, ranked 6th, largely due to its addition of 22,500 technology jobs from 2015 to 2016. That number means more jobs in technology than the sum of similar positions in New York and San Francisco together.
Toronto is also one of the best markets for technology companies to operate their business when it comes to cost and quality of talent. If you are still thinking about whether to hire developer from this area or not. In our humble opinion, there is no other place with such level of creativity and determination. Go for it!
Also Read:- Top 10 AI Development Companies in Vancouver
