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Q:

How can AI and machine learning create business value?

  • Rajiv Bhardwaj
  • Oct 18, 2023
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1 Answers

A:

Here are some of the key ways AI can drive value creation highlighted in the article include:

  • Using AI for process optimization and automation can reduce costs and improve productivity.
  • AI chatbots and virtual assistants can improve customer experience and satisfaction by providing quick and convenient service 24/7.
  • AI enables companies to leverage data to identify customer needs and develop new products and services.
  • AI can do predictive modeling for forecasting, risk assessment, and planning.
  • AI opens up opportunities for monetizing data and creating new business models.
  • Khemesh Thakur
  • Oct 18, 2023

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