This fund run by a SAC Capital alum bought restaurant stocks amid the pandemic
Prentice Capital Management was up 6.6% for the first four months of the year, compared to the S&P 500's 9.3% decline and the Russell 2000's 21.1% decline. The HFRX Equity Hedge Index was down 9.4% for the quarter. Q1 2020 hedge fund letters, conferences and more Gross and net exposures In his first-quarter letter to […]
Artificial intelligence exists between the intersection of computer science and mobile app development. Companies that prioritize AI enabled apps development are able to experience a greater level of success. When AI enabled apps development takes place, problem solving capabilities are improved. Machine learning is taken to a place that few thought possible.
AI enabled apps development also affects the world in various other ways. There are no shortage of advantages that can be unlocked by these apps. AI has become an integral aspect of daily life. As more and more customers come to rely on AI enabled apps, development becomes a bigger topic of conversation.
Let's take a moment to examine the benefits of these apps and the awesome power that they can unlock. Those who incorporate artificial intelligence into their mobile app development can enhance the lives of their users and give their company a much needed boost in the process.
AI Enabled Apps Increase Levels of Customer Satisfaction
The customer is always right, no matter what technological innovations have started to take place. That's why artificial intelligence is only going to become more and more important. Whether the customer is aware of AI or not, it is a crucial part of their daily routine. It has seeped into every aspect of daily life and it is not going anywhere anytime soon. The savvier customers out there are well aware of these shifts and have come to expect AI usage.
When a customer is able to find all of the suggestions that they are looking for in a timely manner, the company in question strengthens their relationship with the target audience. AI enabled apps development is no longer mandatory. Gone are the days when this development was considered to be one of the bells and whistles. It is now a part of the cultural firmament and is not going anywhere anytime soon.
A customer is always going to be more pleased when their questions are answered in a timely manner. AI reliant apps are more intuitive than their counterparts. These apps know their users because of the advantages that machine learning has to offer. Instead of being forced to spend a great deal of time searching for answers, they are presented in a way that engenders positive word of mouth for the company.
Working Smarter, Not Harder
The thing about old sayings is that they are old sayings for a reason. These types of platitudes are only passed down from generation to generation because of their inherent truthfulness. The companies that implement AI enabled apps are able to remove much of the grunt work from their day to day. This frees up staffers to handle tasks that are actually going to move a company's needle, as opposed to helping them merely tread water.
In some instances, there are certain tasks that cannot be sped up and that is fine. Unfortunately, a business client may not be aware of the tasks that can be sped up. That's where the assistance of AI developers is always going to come in handy. AI powered robots can handle all of the tasks that are overly time consuming and keep a business from being able to enjoy a greater return on their investments.
Let's face it. There are no shortage of tasks that could stand to be streamlined. The average employee is not going to be able to handle them without getting tired. Human fallibility can also come into play. Even the most skilled human employee is bound to make mistakes or even get sick from time to time. Programming a machine to handle these sorts of issues is one of the best choices that a client can possibly make.
Greater Levels of Accuracy
The average company cannot afford to experience any sort of inaccuracy. When large amounts of monotonous work need to be done quickly, AI enabled apps remove the annoyance from the process. However, it is more important for companies to remove the human error. A company that is looking to think outside of the box and continue to advance will need to make sure that they are taking all of the proper steps.
Businesses that once found perfect output to be essentially unattainable can now realize that once impossible dream. All it takes is the smallest miscalculation from a human employee to send a company into a spiral. These mistakes may seem minuscule but they can have a major impact. Real time difficulties arise and the average employee is not always equipped to solve them in a timely manner.
Meanwhile, AI enabled apps are able to step up to the plate in the blink of an eye. While some companies may believe that they do not have the ability to handle such concerns, this is a misconception. Sure, there may be a certain level of investment involved when it comes to create an app that is AI enabled. On the other hand, the company should never be asking themselves if they can afford such an app. They should be asking themselves if they can afford not to.
As artificial intelligence continues to play a bigger role in daily living, businesses must be prepared to leverage the related apps accordingly. The advantages that these apps can unlock are tremendous. Customer satisfaction and employee satisfaction are both increased, while the business is able to position themselves as a thought leader. It's a win/win proposition for all parties involved.
Melissa Crooks is Content Writer who writes for Hyperlink InfoSystem, a mobile app development company in New York, USA and India that holds the best team of skilled and expert app developers. She is a versatile tech writer and loves exploring latest technology trends, entrepreneur and startup column. She also writes for top app development companies.