What is AI and how can I benefit from using the technology in my business?

What is AI and how can I benefit from using the technology in my business?

I receive this question daily from entrepreneurs, CEOs, and board of directors at all levels. Here are some great concepts that are good to know.

AI, artificial intelligence, is an overarching technology that makes computers more intelligent and human-like and that can learn to reason, perceive and solve problems, be creative and work independently and saving the company time and resources.

How can AI create profitability?

Machine learning is a subcategory of AI. The technology behind training computers to independently understand and, by handling large amounts of data, learn to interpret information and predict complex patterns, which creates deep insights and is the basis for better business decisions and increased profitability.

Can artificial intelligence increase productivity?

Yes, there are several kinds of AI applications that can increase productivity. ChatGPT is a form of machine learning and is an AI application that has been trained on huge amounts of data from the internet to be able to produce meaningful text that can then be expressed in writing. ChatGPT is based on natural language learning (NLP) which means the answers you get are as if you were chatting with a real person and when used strategically can increase productivity and create competitive advantage.

In my lecture AI in business, I explain how you can increase profitability with the help of AI and how AI and ChatGPT can be used in business. I also share key insights and methods that you can immediately apply to increase profitability. Do not miss it! Send us an e-mail and we will get in touch!

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