Reviving Business with Artificial Intelligence
Starting from the robotic dream of Asimov to the actual reality influenced by Artificial Intelligence, the impact of technology makes itself noticed in people’s lives. The term Artificial Intelligence (AI) dates back to 1966 when the role of these ‘artificial agents’ was to maximize the chances of success for a defined purpose. People encounter these agents daily – when cars brake to avoid an accident, when warned by mobile phones that a plane flight was delayed, or when a digital campaign is no longer effective.
Since technology evolved so much, people should be prepared to see a huge difference in the way things are handled. When you have sky-high beliefs that using technology will lessen the work you have to put in to achieve what you desire, then thinking about introducing Artificial Intelligence in the business field might be the best possible option. When you hear Artificial Intelligence, you instantly think how big of a step humanity took towards progress and innovation. Yet, not many people know what implications using AI has upon a company’s activity.
Artificial Intelligence & Recruitment Automation
Integrating Artificial Intelligence and machine learning into the recruitment process of a company brings major benefits in different directions:
Auto-analysis of each CV through AI & machine learning algorithms
This will drastically reduce the time required to employ new personnel in a company by eliminating the manual processing of each document. Manual CV editing is currently the most time-consuming activity in managing a business. Unfortunately, even though so much effort is put into selecting these CVs, 88% of the ones received by a company are not qualified for the available position. The purpose of an application which is entirely based on Artificial Intelligence would automatically find the most suitable candidates for a job
The application will be capable of learning from each recruiter’s decision and eventually refine its recommendations. Using chatbots to create a pre-qualification of all candidates and providing feedback in real time will give them a positive opinion by constantly receiving updates during the entire recruitment process.
Artificial Automation and Online Communication
It seems that the times when monthly reports with marketing campaign results are finally gone. Paramount decisions can now be made based on last eight-hour statistics. How would you feel if there was someone or something to take care of these decisions for yourself when you are not able to do it properly? AI can take decisions based on information it has access to and all you have to do is enjoy the profits afterward. This means that business owners will have plenty of time to think about new concepts and ways to improve their company, while brand awareness and profitability grow in the background. The marketers of tomorrow will become thinkers rather than doers.
AI can be a major change in every field one can think of – but – it cannot fully replace human interaction. Of all the existent human abilities, the most specific one is intelligence. Intelligence is not a material concept, but an abstract one. People can talk about manifestations of intelligence, intelligent behavior but not intelligence itself. The psychology of intelligence is closely linked to the concept of individual differences, related to mental features and developing analytical tools. Since ancient times, for humans, technology has been a two-edged sword and any trend has had both positive and negative parts. The same goes for Artificial Intelligence.