Most Effective Ways to Enhance Your Business with AI Enhancing your business with AI and technology won't happen overnight, but it can happen with effort and time.
By Bran Anderson Edited by Mark Klekas
Key Takeaways
- AI streamlines HR tasks.
- Social media AI tools simplify management.
- AI aids accounting and manufacturing.
Opinions expressed by Entrepreneur contributors are their own.
This story originally appeared on Readwrite.com
Your business might be everything you could ever want it to be, but that doesn't mean there isn't room for improvement. We should all be striving for success in everything we do. Exploring enhancement opportunities with the latest technology and AI makes sense. Not every business owner will know the most effective ways to use tech to their advantage, so it doesn't hurt to perform research.
How to Enhance Your Business With AI
Automated Employee Screening
Many HR processes can be time-intensive. This can be frustrating if your job involves hiring new employees quickly to fill employee shortages. Your business may not have time to browse hundreds of applications and interview dozens of potential employees.
Related: How to Use AI and Automation to Boost Your Business Goals
That's where recruitment AI or automated employee screening comes in. Some AI programs can perform initial assessments of potential employees on your behalf to determine their suitability. Once the AI has done its job, you can make your hiring decision from a much smaller pool of potential applicants to save time.
Social Media Management Tools
Most business owners know how effective social media can be for enhancing a business. Yet, they can find these platforms overwhelming when there are so many to join. Fortunately, many social media management tools are designed to help companies streamline this critical task. You no longer need to create posts on each platform. Instead, you can schedule them and monitor the results within one piece of innovative software.
Accounting Software
Accounting is a crucial operation within businesses. Accounting processes show you where you're growing your revenue, whether customers pay their bills on time, and if you're making profits or losses.
However, it can be complex and time-intensive. As a result, many businesses outsource accounting to professionals at a significant cost. AI in accounting could be a game-changer. AI accounting software can analyze financial data, predict trends, calculate financial health, and identify patterns to help you make budgeting decisions.
Manufacturing Robots
Worker shortages are affecting many industries, manufacturing included. While you might think you just have to wait until skilled workers come along, that might not be the case. Many technology companies are working on robotic systems to supplement human workforces.
They can work with and around humans, adjust their behaviors to suit workflow speeds and tackle tasks you might otherwise need to hire humans for. It's important to note that these robots aren't designed to replace humans. Instead, they are being marketed as 'cobots' or collaborative robots who work independently in a shared space with humans. In most situations, they are coded to perform single tasks.
Related: These 5 Companies Have Added Robots to Their Workforce
As a result, they can free up human employees for more complex and skilled tasks. While expensive to implement in some industries, manufacturing robots might save your business money in the long run.
Enhancing your business with AI and technology won't happen overnight, but it can happen with effort and time. Don't be afraid to try new processes and technologies in your business, even if you're unsure if they'll work for you. You might then be in a strong position to see your business thrive.
