The Importance of Artificial Intelligence for Small and Medium Businesses


The Importance of Artificial Intelligence for Small and Medium Businesses



The success of your business depends upon the ratio of the number of existing customers you lose and how much you can retain and gain. It is always easy to do business with your existing clients as they have already experienced your product(s) and services(s) and require no further introduction. That’s the reason retained customers become very important for a successful business.


How to Retain Your Customers?


How quickly you serve them is the key especially when they have alternatives. If you are late, they will switch to the next shop in waiting. Today’s customer expects an easy approach, quick delivery, and the best in quality. Good customer service is the only solution for this.  





Even if you are best on these criteria, there will be a chance of customers shifting to a new business house. It depends on the mood of the customer or the happiness and satisfaction your product created with the customer. The more bang for their buck, the more like the customer is to stay on. Unfortunately, until this time, the tools SMBs have to calculate their customer’s happiness are not truly accurate. However, with the introduction of artificial intelligence, this has changed.


An increasing number of businesses are coming to terms with this and have started to invest heavily in the benefits that AI brings to customer support. Increased use of the internet and social media is another game changer. Continuous advancements, newly developed and innovative technical platforms have gone a long way in giving digital marketing an artificial intelligence twist.


How does Artificial Intelligence help?


Imagine if you are running a coffee shop. You can gauge the level of customer’s satisfaction by their facial reaction. But online businesses do not have this freedom of knowing their customer’s level of satisfaction.These common human emotions and reactions affect the buying pattern of the customer. The use of artificial intelligence is the key to understanding how customers feel while using your products or services.


The Benefits of Artificial Intelligence in the Retail Business


Artificial intelligence is fast evolving and is widely used in corporate houses to run their in-house administration and marketing and research. It is of special importance to retail businesses and production houses. It gives them cost-effective production and time management techniques while improving customer service efficiently. Below are the direct benefits of using AI for businesses:



1. Improved Efficiency and Productivity


As increased use of digital technology helps businesses run faster, digital technology clubbed with AI gives it an added boost. This helps organizations reduce costs where repetitive tasks can be automated ensuring accuracy and efficiency while making it less labor intensive.


AI also helps shorten the development cycle from design to ready-to-market. With a shortened development cycle, businesses become profitable faster.



2. Improved Expansion Possibilities


AI helps you analyse numerous data points easily that helps to understand and explore numerous new possibilities and opportunities that can be used to grow a business.. Car showrooms doing insurance activities or construction companies doing real estate are some examples of it.


3. Streamlining Job Processes


AI helps businesses update and streamline business processes periodically and improve efficiency. Management teams can envisage new strategies that help run an improved business. 


4. Improved Monitoring


AI-backed data storage systems can handle and analyze massive amounts of data almost in real-time. The more the volume of data, the more accurate the findings. It also helps to integrate various departments under the AI scanner: from marketing, to operations and R&D. 


5. Cybersecurity


Artificial intelligence is a must for business houses to prevent hacking. AI can easily recognize and prevent a cyber attack, threats, mishandling of data, or unauthorized access. Additionally, AI is a continuously-learning tool and with time, it only imrpoves. Once a threat is detected, AI-backed systems can immediately put preventive plans in place.



Introducing VisionX, By Yottaasys



There are many AI-based tools available in the market to suit your business needs. VisionX is one such software developed by YOTTAASYS, USA helping businesses integrate AI with activities like Office Automation, Cybersecurity, Accounting, Access Control, Quality Management Data Analytics, Data Transferring, Predicting customer behavior, Fraud Detection, etc.



VisionX is developed and marketed by Yottaasys, a Michigan-based innovative team creating various tools helpful for business houses to do Office Automation for small and medium businesses. Over the years they have come up with various products that are accurate, efficient, and reliable. The advantages of using VisionX are many.


1. Facial Recognition


VisionX uses one of the advanced forms of biometric authentication tool capable of identifying and verifying the authenticity of a person by scanning the face. It helps to ensure the right people are getting access and can assure 100% authorized access only.



2 Eye Tracking Software


VisionX comes with a sensor that detects a person’s vision and tracks their eye movement. in real-time. VisionX uses eye gaze technology tracking to give robust and accurate results.


3. Facial Coding


Facial coding is the process of understanding human emotions through facial expressions. VisionX maps facial expressions and collects maximum insights to understand a user’s perception.


4. Contactless Control


VisionX has created a contactless security system through facial recognition software. This two-step authentication is a perfect model for offices with sensitive data but are vulnerable to a high footfall.


5. Object Detection





VisionX is able to identify objects from an image or a video. It is helpful to count objects in a scene and label them accurately.


6. AI for Quality Control


VisionX makes quality control effective and fast while detecting product defects promptly. It is an automated process where products are scanned in a production line and defective items are segregated. Quality control with AI is more accurate, reliable, and devoid of human errors.


7. Unmatched Accuracy


VisionX is being marketed after multiple levels of performance checks to make sure it fulfills customer expectations and delivers with unmatched accuracy.

About

Yottaasys is a team of Deep Learning experts who are using facial, visual, voice, and emotional tracking technology to tackle a variety of business challenges, thereby generating a greater role for AI in business.


Written for  Yottaassys

Magnizent Digital solutions



Keywords used


Eye gaze technology

facial recognition software

eye tracking software

AI for quality control

What are the Benefits of artificial intelligence in Retail business?

Office Automation for small and medium business houses

Artificial Intelligence for small and medium business










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