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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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Google uses AI to telecast the Paris Olympics in the US

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As announced in a statement by the three organizations, Google will be Team USA’s official search AI partner, becoming the first digital business to work with the sports NGO.

In an effort to draw in people who don’t watch live television and younger viewers who are used to seeing clips online, NBCUniversal, the company that broadcasts the Games in the United States, is updating its programming at the same time as the announcement.

Earlier, the media firm controlled by Comcast announced that it would introduce daily recaps of the competition that are tailored by artificial intelligence (AI) and narrated by AI versions of real people, such sports commentator Al Michaels.

NBCUniversal’s anchors will use Google Search’s AI summaries to respond to queries regarding specific sports, including how crucial pool-lane assignments are in swimming competitions, during daytime and primetime coverage of the Olympics.

Without requiring the user to click through to a website, Google’s AI summaries offer written answers to search inquiries.

Google’s Gemini AI model will be utilized by comedian Leslie Jones, who will be a pundit in Paris, to engage viewers and acquire knowledge about new sports.

The Paris Olympics get underway on July 26.

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‘e-procurement system should be implemented throughout the country’

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The e-procurement system was implemented, according to a news release from the PPRA managing director, in order to decrease public spending by increasing transparency.

Hasnat Ahmed Qureshi stated that the system would soon be adopted nationwide, including in Azad Jammu and Kashmir and Gilgit-Baltistan, following its installation in 27 ministries and 280 governmental departments.

In cooperation with the Federal Board of Revenue, Securities and Exchange Commission of Pakistan, Accountant General Pakistan Revenues, and State Bank of Pakistan, he said, a system was planned to facilitate procurement agencies and suppliers. One-window operation and e-payment options will be provided by the system.

The PPRA managing director also noted that the Finance Ministry and the Cabinet Division, which are acting in accordance with the Prime Minister’s instruction, have made significant contributions to the implementation of the e-procurement system.

8,500 government workers and vendors have received specialized training for the “E-Pak Acquisition and Disposal System” initiative, which was started with support from the World Bank in March 2023.

The Procurement Rules 2004 have undergone 25 revisions by the federal PPRA in order to provide an easy and uncomplicated procurement process.

For the convenience of procurement engineers and suppliers, the PPRA has released high-quality bidding documents and procurement regulations. Additionally, help desks that offer daily technical support to departments and suppliers have been set up.

After successfully registering for free on the e-procurement system, about 13,000 suppliers and commercial entities are now qualified to participate in federal government procurement processes.

The e-procurement system, which would assist the provinces in ensuring efficient and transparent procurement procedures, has been given to Punjab, Sindh, and Khyber Pakhtunkhwa by the federal PPRA. Since July 1, the Punjabi government has successfully brought the e-procurement system into the province in an effort to guarantee openness.

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The China-Pakistan alliance aims to introduce environmentally friendly solar-powered electric bicycles.

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Recently, a preliminary cooperation deal was made to bring eco-friendly solar e-bikes to Pakistan by Road King, a well-known electric scooter company in Pakistan, and AGAO Solar Mobility, a China-based startup that specialises in solar-powered scooters.

With solar panels installed, solar scooters are environmentally friendly electric scooters. Instead of using conventional charging methods, these panels use solar energy to recharge the scooter’s battery. The Chinese company said that the short-distance, carbon-emission-free scooter and solar energy combination is dedicated to this goal.

The demand for products in Pakistan’s local transportation industry, trends in product development, and particular cooperative methods were all extensively discussed by the parties at the conference, according to CEN.

The Chinese firm promised to help Road King with product optimisation, marketing support, and technical support for solar-powered e-bikes. Developing superior transport products in tandem with the needs of the regional market is the aim.

As the delegation from Road King pointed out, we will aggressively pursue collaboration with the Chinese side and bring solar e-bikes to the Pakistani market. The high efficiency and eco-friendliness of solar e-bikes perfectly match Pakistan’s present need for environmentally friendly transportation.

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