How Technology Helps Companies and Individuals Prosperby Analytics Insight October 20, 2020
We live in a renaissance, a historic technological age. Literally, every aspect of our lives is touched in some way by the computer revolution, the growth of artificial intelligence (AI), advanced business applications, and the Internet of Things (IoT). Everything from our daily jogs and morning meditation sessions, to meal planning and drives to the office, are part of the new connected society. Like it or not, believe it or not, the tech epoch is here to stay.
Though the concept is scary for some, there are several very positive things that have already sprung from the societal metamorphosis. These benefits include things like amazing AI apps that make business management much easier than we ever dreamed it could be, programs that help people improve their credit scores, interactive online robots that respond to consumer gripes, and hundreds of health-related devices that make exercise less daunting. Here’s a quick look at some of the top way’s technology is assisting us in whatever we do.
AI Apps for Business Management
Probably the biggest impact AI has had is in the area of business management. Today’s full-scale AI apps can do everything from creating and overseeing accounting systems to making suggestions for long-term planning. Some of the all in one management programs literally analyze businesses from the ground up. After that phase is complete, the AI bot pinpoints areas where improvement is needed. Common trouble spots that these non-human managers uncover include weak inventory systems, inefficient hiring protocols, payroll glitches, and security lapses. Of course, nothing’s perfect, and many of the AI packages out there have faults of their own. That’s why human managers always get the last word on what needs to be done and how to proceed.
Consumer Credit Analysis Helps Individuals Get on Track
Great news for consumers: there are dozens of free to download apps that will scour your personal finances and make real-world suggestions about how to save money, spend less on monthly expenses, shore up credit ratings, and reach long-term goals for homeownership and more. In many cases, working adults discover that taking out personal loans is a wise starting point for a monetary makeover. Applying for loans online is now super easy and can match you up with several relevant options in less than 60 seconds. There are two key benefits to selecting this strategy. One, loans typically come with much lower interest rates than traditional credit cards. Second, borrowing limits tend to be higher on personal loans. Consider using your loan for paying off costly plastic or making that big move you’ve had on the drawing board for years.
Chatbots for Customer Service
Chatbots are the new superheroes of the customer service niche. Their main advantage is that they can solve most common customer queries in a matter of seconds. Nearly every customer-facing business now uses these clever bots in one way or another. A hidden advantage is that they free up humans to do other, more essential business tasks and make companies more efficient.
Fitness Wearables and IoT for Maximum Health
If you like using wearable tech like heart rate monitors, smartwatches, and other gizmos to monitor your workouts, then you were born into the right era. The internet of things, which includes all forms of wearable gadgets to help us work out more effectively, is now part of the retail landscape.