How to Grow Your Small Business with Artificial Intelligence

How to Grow Your Small Business with Artificial Intelligence

The power and promise of artificial intelligence for small business continues to grow. But even with the AI ​​revolution just around the corner, most small business owners are more interested in keeping the lights on and the doors open every day than navigating through an apparent network. Complex of new technologies. The bottom line, however, is that artificial intelligence is already part of your daily experience. Your movie recommendations, directions, social media feeds, and the voice on your phone are examples of how AI already plays a role in your daily life and that of your customers.

If customers are already waiting for an AI-compatible experience, it’s up to you to meet expectations. Artificial intelligence already exists and is designed to help you and your team do better and more effectively what you are already doing. In other words, it’s not about replacing people or switching to the next business mode, but about making the people you have more effective and efficient by making better decisions and doing what they do best.

With that in mind, let’s look at four different ways artificial intelligence can now help your small business succeed.

1. Turn data into measures to stay ahead of the competition

CRM platforms (Customer Relationship Management) are indispensable for companies of all sizes for a good reason. They help you keep track of every interaction with your customers so you don’t have to start over every time someone calls to ask for help or to follow a conversation. Had chat with a seller, customer service or live chat.

Salesforce, the industry’s largest CRM, is busy integrating AI into everything it does. With the release of Einstein, your goal is to provide actionable forecasts and recommendations that can help take your business to the next level. With this information, you can coach sales reps, help service reps, guide marketers in the right direction, and find new ways to review existing data. If you already (and you should) collect data about every customer interaction, AI can help you turn that data into actionable steps that pay off by getting a head start on your competition

2. Support your sales teams with advanced tools

For most small businesses, the sales team is how you generate revenue. When you consider that sales are critical to the success of your SME, don’t you want to use the right tools to be successful?

AI tools such as gong, jog, and chorus are specially designed for you to record and transcribe every call from your salespeople. You can then compare your sales reps’ strategies to those of your team’s most successful members and offer an analysis based on the choice of words or the relationship between the time spent speaking and the time spent listening.

In other words, you can use AI tools to share successful techniques across the team without the need for a full review. Instead, you can start with what works and discover the secret sauce that will change your business.

3. Customer support 24/7 using chatbots

Chatbots are one of the most basic ways that AI can directly help your small business. Whether on Facebook Messenger or WhatsApp, you can now start a chatbot with minimal programming knowledge. Instead of focusing on technology, all you have to do is think about the kind of things a user is likely to ask and then develop a full script that can help. (As AI continues to improve to understand what your customer wants, it’s always better to think of it as a user interface that allows someone to interact directly with your business.)

Chatbots for customers can save you a lot of time on frequently asked questions. If you think about it, a large percentage of your calls are likely related to the same thing every day: What time did you open? Do you deliver to my address? Do you have this item in stock? Answering these types of questions is relatively easy, but it takes a lot of time that could be better used to grow your business.

The best way to get the most out of a customer-oriented chatbot is to check whether you can summarize your customer service calls on the five most frequently asked questions. What do you do regularly so that you can switch to a chatbot? The good news is that this not only makes your job easier, it also eliminates friction for your customers and makes it easier than ever for them to make a purchase decision.

4. Free up your HR and management using chatbots to answer frequently asked questions

Chatbots for customers have been around for a while, but what about the routine questions that arise for your employees in the daily management of your company? Questions about vacation, company policies, health care, standard work instructions, etc. are always asked, but it is not necessarily what your HR staff should spend the most time on. Fortunately, new HR chatbot solutions are constantly being developed to help you meet routine requirements and ensure that your employees focus on the essentials. If you spend a lot of time looking after your team, it may be time to get more help from an AI solution.

Read More: How to build career in blockchain technology

What Can be done Right Now

Artificial intelligence is popular for a reason. From film recommendations to voice control, we have integrated AI into our lives, and your customers are no different. If you haven’t already, expect your company to use this technology soon.

Fortunately, there are a number of solutions that can help you run your small business faster and smarter than ever.

  • Use AI for CRM to get new information from the data already collected.
  • Framework sales with information on artificial intelligence.
  • Use chatbots to answer frequently asked questions about customer service.
  • Answer the most frequently asked HR questions via chatbot.

Conclusion

I hope you have understood how artificial intelligence helps small business. Artificial intelligence helps in a very different area in your business. So you must use AI for your small business that can increase your business revenue 2x time.

NearLearn is the best institute that provides the best artificial intelligence classroom training in Bangalore. It provides another course also like machine learning, data science, blockchain, full-stack development, etc.