ONPASSIVE -What is The Role of Artificial Intelligence in Business?

AI is expected to drive overall global revenues from nearly $8 billion in 2016 to more than $47 billion in 2020, over a wide range of industries.

To satisfy consumer expectations in an advanced technology-driven world, companies have to trade with vast amounts of real-time information and create personalized customer experiences to stay to the purpose. As such, they are more employing more modern technologies such as artificial intelligence (AI), cognitive computing, and robotics, amongst others.

What Is ONPASSIVE?

ONPASSIVE is an information technology company based in Bangalore, India, that concentrates on developing tools integrated with AI technology and business intelligence that will give your business the power of a jet engine.

ONPASSIVE mixes artificial intelligence, real-time flow analysis, and machine learning to develop a fantastic business platform. It analyzes several business concerns, generating rich insights that can deliver solutions on a large scale. 

The applications that AI ranges from identifying trends in data to moderate market risks, enhancing customer service through virtual assistants, or even analyzing millions of records across a company’s servers to find compliance failures.

Let's look at some roles ONPASSIVE AI plays in the workplace:

 Finance Analyst: ONPASSIVEs AI is taking the financial domain by storm. Near about every company in financial technology, the domain has already started using AI to save time, reduce costs, and add value.

ONPASSIVEs AI supports companies in the financial domain to save time and money with the help of algorithms to bring insights, enhances customer service, and forecasts about business sales performance and churn. AI helps humans work more effectively by filtering essential information from a wide variety of sources.

Customer Support:

AI is already getting employed as an online help center. If you've visited a website and a chat window has opened up, asking you if you require any help, it can assist you further. ONPASSIVE AI is capable of predicting the problem customer might face in the future and finds the resolution for it so that the customers feel important and it also enhances their customer experience.

It would be fascinating if ONPAASIVEs AI moved farther on the voice-activated front, as companies are already using this technology on their help lines and customer support. If AI can find out and resolves problems in the future, then customer service and agents working call lines may soon become a thing of the past.

Market Research: Analytics is progressing AI into multiple business fields besides finance, and marketing is one of the most notable of those. With the data of new consumer trends and the effects of marketing campaigns, AI may have a higher hand in deciding the next most powerful marketing strategies. ONPASSIVEs AI's capability to learn and technology's lack of human weakness may give it a better data-based prediction than a human could come up with.

Trend Prediction: We’ve already seen law enforcement using these trend predictions, so why wouldn’t companies employ it to make money? If you are sure about the marketing strategies you plan on using won’t flounder your budget, wouldn’t you do whatever you could possibly do to become aware of this?

Trend investigation leads to trend prediction for artificial intelligence, clear and straightforward. All data is collected and retained by this technology and analyzed at once, providing users with the most logical solution. 

Planning: Technology is being employed to handle scheduling, payroll, benefits, and employee tasks already. What is the problem what is stopping it from planning and self-organizing such things? Nothing is stopping the popularization and advancement of AI, and reason would lead one to believe that this is the next step.

Potentially, this could lead managers to less hands-tied time and more innovative, battlefield-level jobs. We’ll have to see what happens when it happens, though!

AI has been effectively serving businesses decode patterns in their customers’ online browsing behavior and predict the probability of a product return. Companies such as Flipkart have already adopted this approach to effectively dodge a customer’s propensity to return a product, following results in cost optimization. It also benefits in optimizing logistics and ranking vendors based on their ‘reputation.’

Customers will continue to rely on AI to help them find and engage with businesses and, on the other hand, firms will have to rely on AI to support and service those customers. Also, employees are going to be more dependent on this technology to perform their work daily. As these methods take a more pivotal role in the business world, every modern business will require an AI strategy.

When blended and designed with the customer being the center, ONPASSIVEs AI can also deliver resolutions that drive customer loyalty, commitment, consumption, and fulfillment. It is only a concern of time before businesses from around the world and across sectors wake up to the true potential of ONPASSIVE Artificial Intelligence.