How AI Could Improve Small Business
The advances in technology open up doors for newer and larger business opportunities. Such opportunities make businesses healthier and more successful. Are you interested in how artificial intelligence (AI) and machine learning (ML) can give your business the edge you need? What about a secure and cheap bad credit merchant account? This article is about all these.
AI & ML for Businesses: Bad Credit Merchant Account
Based on a recent survey of small- and mid-sized businessCEOs, 29.5% of them believe Al will bring the most significant impact on their business in 2020.
Well, how can AL and ML can help businesses? Here’s how:
- Better see and interpret the available information so you can easily navigate uncertainties and plan accordingly
- Save time and financial resources through the automation of repetitive, menial tasks
- Gain customer insight and predict behavior, thus improving customer service
- Improve marketing efforts
- Detect patterns in data
- Optimize processes in certain cases
- Collect data and analysisbetter
- Deliver increased efficiency for backend organization
- Make email marketing smarter
- Detects fraudulent behavior and fraud attempts via automated computer attacks organized through emulators, bots, and malware, thus better avoidingidentity theft or account takeovers
- Lower costs
- Increase results
- Improve flexibility and responsiveness
- Help in the most important HR functions
- Mitigate risks
And more.
Accenture reports that investments in AI are going to turbocharge the economy and increase its productivity in the U.S. by over 1/3, as well as almost double gross domestic product (GDP) growth rates.
However, the use of big data and algorithms will also result in some concerns.E.g., when certain companies start playing a dominant role in collecting data and machines learn to figure out who is more eligible for a loan, the risk of discrimination and exclusion will become vivid.
This means both lenders and borrowers are likely to face a new reality with new challenges.So, working a reputable business funding provider or payment processing services provider will become even more critical.
That’s where respectable alternative online lenders and processors step in. They help and will continue to help merchants get the necessary funding and credit card processing services, including a reliable and cheap bad credit merchant account, easily.
AL & ML Helping Businesses
As you see, both AI and ML can grant your business the edge you need by bettering sales and marketing, and not only. Nowadays, the main attention paid to the cloud’s transformation of the analytics area is concentrated on the steady progress of the latest innovations, including AI advances.
Let’s take Amazon. Amazon Web Services (AWS) cloud computing business is going to drive direct benefits form AI.After all, AI will boost the company’s eCommerce and digital ads businesses.
Gartner Inc. reports that AI is increasingly entering the workplacethroughvirtual personal assistants (VPAs), and other chatbot types.The company forecasts that by 2021, 70% of organizations will integrate AI in the workplace to make their employees more productive.
To sum up, the times when AI and ML were just research theories are already in the past. Today, they’re actual practices in corporate offices. To transform your sales, marketing, and customer service affordably, embrace AI for your business.
Author Bio:As the FAM account executive, Michael Hollis has funded millions by using bad credit merchant accountsolutions. His experience and extensive knowledge of the industry has made him finance expert at First American Merchant.
