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How to use AI to transform your business

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Artificial intelligence (AI) is a powerful technology that can transform your business. By leveraging AI, you can automate routine tasks, gain valuable insights from data and improve decision-making. 

While AI might not take away all jobs, it can make it hard for you to survive if you do not know how to use it. Therefore, a successful person in the future could be defined as someone who knows how to use AI for their good and anyone who does not know how to do so may be left behind.

Here are five ways to use AI to transform your business:

1. Automate routine tasks

AI can help you automate routine tasks, freeing up your employees to focus on more complex and strategic work. For example, you can use AI-powered chatbots to handle customer service inquiries, reducing the workload on your support team. AI can also be used to automate repetitive tasks like data entry, data cleaning, and data analysis, enabling your employees to work on more high-value tasks.

2. Gain valuable insights from data

AI can help you extract valuable insights from your data, providing you with a competitive advantage. With AI-powered analytics tools, you can analyze large datasets and identify patterns and trends that would be impossible to detect manually. For example, you can use AI to analyze customer behaviour and preferences, enabling you to tailor your marketing messages and product offerings to better meet their needs.

3. Improve decision-making

AI can help you make better decisions by providing you with accurate and reliable information. With AI-powered decision support systems, you can analyze complex data and receive recommendations on the best course of action. For example, you can use AI to predict demand for your products, enabling you to optimize your inventory and avoid stockouts.

4. Enhance customer experience

AI can help you enhance the customer experience by providing personalized and proactive support. With AI-powered chatbots and virtual assistants, you can provide instant and 24/7 support to your customers, resolving their issues quickly and efficiently. You can also use AI to analyze customer feedback and sentiment, enabling you to identify areas for improvement and take proactive measures to address them.

5. Increase operational efficiency

AI can help you increase operational efficiency by optimizing your processes and workflows. With AI-powered process automation, you can streamline your workflows and reduce manual errors, resulting in faster and more efficient operations. For example, you can use AI to automate supply chain management, enabling you to optimize inventory levels and reduce waste.

In conclusion, AI is a powerful technology that can help you transform your business. By doing the aforementioned things, you can achieve significant improvements in productivity, profitability, and competitiveness. To get started with AI, identify the areas of your business that could benefit from AI and explore the available AI tools and solutions. With the right approach and mindset, you can use AI to make your business better and achieve your goals.

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Pakistani internet slowdown: ongoing submarine cable issue

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Even after two weeks, the global submarine cable AAA-1 problem that was discovered on January 2 near Qatar has not been fixed, causing sluggish internet connection in several Pakistani towns.

According to a representative for Pakistan Telecommunication Company Limited (PTCL), the issue has affected customers’ capacity to effectively access social media applications and browse the online. Even with initiatives to fix the problem, social networking sites still lag during busy times.

Internet traffic has been redirected via alternate channels to lessen the impact, and more capacity has been set up to stabilize the service.

The PTCL representative promised that “Internet service across the country is operating normally, and there will be no issues with web browsing,” noting that social media applications’ lag is common during

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Government and SIFC Work Together to Advance the IT Sector: Youth Skills ICT Training Portal Launched

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In an effort to better prepare young people for opportunities in the quickly changing technology sector, the government has launched a new ICT training portal.

To allow graduates to work with IT companies, Huawei and the Ministry of IT have struck an agreement. This program will give participants hands-on exposure to cutting-edge technology, including cybersecurity and artificial intelligence (AI).

There is now a training program that offers three-year internships to graduates. Huawei has also stated that it is dedicated to helping with training initiatives and contemporary technology.

In order to strengthen technical training, Huawei signed an MOU with COMSATS University Islamabad, further demonstrating its support.

Plans call for establishing training facilities in Karachi and growing the initiative across the country.

These projects funded by the Special Investment Facilitation Council are key to revitalizing Pakistan’s economy and fostering growth in the IT sector.

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Business

Here is the date and information for Google Pay’s launch in Pakistan!

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Google Pay is set to formally arrive in Pakistan by mid-March 2025, bringing its popular contactless payment system to the local market.

This advancement signifies a crucial milestone in Pakistan’s expanding digital payments ecosystem.

Sources acquainted with the situation indicated that the technology conglomerate’s entry into the Pakistani market was verified in November 2024, with Visa and Mastercard enabling the implementation.

The service will allow customers to connect their bank-issued debit and credit cards to Google Pay through the Google Wallet app, which will also be accessible to users in Pakistan.

The primary emphasis will be on facilitating contactless payments, but the full suite of Google Wallet functionalities, including loyalty cards and public transit passes, will not be incorporated in the initial phase.

Industry insiders disclosed that preparations are underway, with four to six prominent banks partnering with Visa and Mastercard to fulfill technical specifications and guarantee service compatibility. These initiatives seek to establish Pakistan as a pivotal market for Google’s digital payment solutions.

Pakistan’s payment infrastructure is well prepared to facilitate the launch. The State Bank of Pakistan reports that the nation has 133,000 point-of-sale (POS) terminals, with 99 percent equipped to take mobile contactless payments.

Experts assert that the introduction of Google Pay will enhance the adoption rates of digital payments in Pakistan, which have shown substantial growth in recent years. A top financial official involved in the project stated, “This development corresponds with the growing trend of cashless transactions in Pakistan.”

Essential Information Regarding Google Wallet

Google Wallet, formerly referred to as Google Pay, is a digital wallet and payment system enabling users to store and manage various documents, payment methods, and essential credentials on their Android devices.

Google Wallet launches in India: Instructions for usage – India Today

The platform enables contactless payments at compatible Point of Sale (POS) terminals, enhancing transaction speed and security. Furthermore, users can consolidate loyalty cards, boarding permits, tickets, and other digital passes, establishing a consolidated repository for all digital credentials.

The application prioritizes security by employing encryption and device security measures to guarantee secure transactions and safeguard personal data. This renders it a dependable choice for anyone seeking to transition from physical cards to the comfort of mobile payments.

Prospective advantages for Pakistan

The introduction of Google Wallet in Pakistan presents significant potential for a nation where the uptake of digital payments has lagged compared to other areas. The application will provide several significant advantages:

Secure and convenient transactions: Google Wallet eliminates the necessity for users to carry actual cards. They can execute secure, contactless payments instantly from their cellphones. The application guarantees encryption and safeguarding via the device’s inherent security functionalities, rendering it a more secure option compared to conventional payment methods.

Financial Inclusion: A significant benefit of Google Wallet in Pakistan is its capacity to enhance financial inclusion. A considerable segment of the population is unbanked, possessing restricted access to official financial institutions. By facilitating digital payments, Google Wallet will provide a conduit for these individuals to participate in the financial ecosystem, thereby addressing the digital divide.

Google Wallet officially returns to supplant Google Pay in most regions | Android Central

Facilitated Travel and Event Participation: For regular travelers and attendees, Google Wallet aims to streamline the organization and maintenance of boarding passes and event tickets. Users can scan their digital passes immediately from their smartphones, thereby removing the necessity for physical documents and mitigating the danger of losing essential travel or event information.

The wallet’s capacity to hold loyalty cards and reward programs will advantage users who often use establishments that provide discounts and special offers. This feature can enhance customer interaction, promote brand loyalty, and strengthen business-to-consumer relationships.

The PayPal conundrum

The introduction of Google Wallet highlights Pakistan’s persistent difficulties with international digital payment systems. Despite persistent speculation over PayPal’s possible market entry, regulatory obstacles have hindered the service’s rollout in Pakistan.

Notwithstanding earlier indications of possible collaborations with firms such as PayPal, PayPal has failed to establish a direct presence in the country owing to apprehensions regarding money laundering and several legal challenges.

The forthcoming introduction of Google Wallet in Pakistan presents a promising prospect for individuals seeking dependable and secure international payment options. The absence of PayPal is a significant barrier for numerous Pakistani consumers participating in international e-commerce; nevertheless, the introduction of Google Wallet may serve as a viable alternative for digital payments, offering a secure and efficient solution for routine transactions.

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