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⇱ AI for business: What is AI and how will it impact work?


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AI for business: What is AI and how will it impact work?

By Harry Guinness · January 18, 2023

AI is having a serious moment. What was once a sci-fi or marketing talking point is now widely available to consumers and businesses (at least in some contexts for some definitions of what counts as artificial intelligence). We haven't got HAL 3000 or Skynet yet, but and are at least taking over social media. 

Next up? Hopefully , not the world.

If you're scared about —or excited about —keep reading.

AI for businesses: Examples of artificial intelligence in business

are increasingly present in the world around you, often in subtle ways. The big, interactive AI use cases like and ChatGPT are flashy, but they're far from the most popular ways it's used. is going to start changing the way we work, so after you're done and posting AI selfies, take a look at these examples of AI in business.

Recommendation algorithms 

Recommendation algorithms are increasingly developed using —which is considered a subset of artificial intelligence. Netflix, for example, . Similarly, Amazon uses AI-driven recommendation algorithms to suggest new products for people to buy. Even Google Search . But in all of these cases, it operates in the background.

Digital personal assistants

Digital personal assistants like Siri and Alexa operate using , the process of simulating the experience of talking with another person. It's hard to label each one an individual AI because they have dozens of different functions all operating using different algorithms. For example, Siri's suggestions for apps to open doesn't use the same neural network as its language recognition or the one that determines what settings you've asked it to set your Philips Hue smart lights to. The overall experience, though, is powered by AI.

Customer care services and chatbots

Customer care services and increasingly have an AI component. If you've ever called a customer care department that asked you to speak your account number or phone number, it was using a speech recognition AI—though since I have an Irish accent, in my experience, not a very good one. Chatbots can also work significantly better with . Rules-based versions that just respond to keywords never feel natural, while AI-based ones can offer a more seamless experience. 

AI can now . That means it can be used in to write blog posts, social media content, emails, and website copy using a service like . How effective it is depends on the kind of content you're creating and the prompts you give it. Warning: GPT-3 is very good at creating plausible-sounding text, but it also can create . 

Translation

AIs can also convert English language text into other languages, and vice versa. automate the process for businesses that operate in multiple countries. As soon as you add new web copy or a blog post, it gets converted to your target languages. Of course, these kinds of AIs can (and probably will) still miss a bit of nuance, but with human supervision, it can really speed up the process of having an international website. 

AI meeting schedulers

are able to automatically book meetings and other appointments based on your requirements and habits. Want only one afternoon meeting per day or need a long break between calls? Instead of having an open calendar where anyone can grab a slot, an AI scheduler can dynamically adjust things as people request chunks of your time. And it learns your preferences, so it can predict when the best times for meetings will be.

You can also use AI meeting assistants to transcribe your meetings and glean insights from them.

Improved auto-correctors

While basic auto-correct falls short of being an AI, there's a new generation of AI editors like that look to make intelligent suggestions in real-time. Instead of just autocorrecting to the most common suggestion, they're able to understand what you're trying to do—and help you do it. 

Cybersecurity

Cybersecurity and fraud detection algorithms also rely on machine learning—and some can be . They look for anomalous patterns in huge amounts of data and then act to shut down potential breaches or stolen credit cards. 

Business communication

Business AI can also help you communicate with your clients, partners, and other business contacts. Here's an example of how you can that reply to messages you receive. Just read them before you click send, please.

More AI examples in business

Those are just some of the more obvious applications of artificial intelligence in business. It could also be used for optimizing work rotations, deciding which clients to prioritize, and even handling things like expenses. Really, the list is endless, and AI will probably make it for us.

The impact of AI on business

There are obviously reasons to be cautious about AI: Tesla's autopilot feature , Amazon accidentally , and nearly every major AI product because they're trained on content scraped from the internet. 

And when it comes to , the growth of AI in business is likely to change things quite a bit. For example, AI content generation tools may not replace humans, but they can certainly increase the speed at which one writer can produce. Similarly, improved chatbots will likely be able to and even marketing outreach. It's not that businesses won't need customer care agents, but they'll probably have more of a supervisory role. 

Of course, a lot of these tools still haven't been built yet. So for now, AI might be most used as the hot new marketing word. 

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👁 Harry Guinness picture

Harry Guinness

Harry Guinness has been covering AI and security (separately and together) for well over a decade. He's a writer and photographer from Dublin, Ireland whose writing has appeared in the The New York Times, Wired, Popular Science, and Inc. His photos have been published on hundreds of sites—mostly without his permission.

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