AI technology mimics routine and systematic human behaviour. It can carry out repetitive tasks more cost-effectively than humans. Enterprises are adopting AI-powered solution like chatbots and virtual assistants to lower operating costs. They free up labour, allowing staff to focus on higher value activities.
Powered by the sophisticated analytic capabilities of AI, massive amounts of business data can be processed and analysed. Enterprises can use this to gain a more comprehensive understanding of their business, devise new strategies and develop a new generation of products.