4 Practical Applications of AI in 2022
Chances are, your company has already implemented some form of AI. Regardless of profession or field, AI has proven benefits for all. These benefits include saving time and resources, increasing productivity, and automating smaller tasks so you can focus on the more human side of your role.
Here are four practical applications of AI that highlight the adaptability and benefits for different fields of work.
Practical Applications of AI in Education
Personalization is one of AI’s key benefits.
For teachers, especially, it can be difficult to fully analyze and understand students’ learning behaviors, weak points and best practices.
New AI-powered apps and features can help students and teachers connect more effectively by automatically identifying a student’s level of education to determine how to better assist them. By analyzing responses, pass/fail rates, student engagement and more, AI gives teachers the opportunity to hone in on newer, better teaching styles and content creation to effectively reach students at their level.
Another great example of AI’s potential is chatbots. Since teachers are almost always swamped with questions, AI-powered chatbots can also assist with responding to and answering these student problems. With a little help from the teacher, chabots can instantly respond to the most commonly asked questions 24/7 while flagging more specific ones for review.
AI works as a teaching assistant, freeing up more time for teachers to focus on the best ways to educate their students.
AI In Marketing
Like in education, marketing works better with personalization. Though AI can’t write full ads or tell stories quite like humans, it can assist with the content creation process as well as personalize customer communication and streamline your workflow.
Already, many companies use AI-powered chatbots on their website to curate content and products to individual customers. The learning power of these chatbots gives marketers crucial information on buyers’ needs, wants, and buying patterns. Automating routine work allows marketers to spend more time on content creation and human-centric work.
When so many tasks are automated, marketers have the ability to consolidate their workflows, automatically send out marketing materials such as emails, and implement social media campaigns with little intervention required.
Practical Applications of AI in Mortgage Industry
Like many finance-centric positions, those in mortgage spend countless hours manually processing numbers and data.
With one slip-up, however, someone can botch an entire data set, leading to more hours of re-processing and re-entering numbers. Automating this tedious process does two main things: frees up time and eliminates human errors. When closing a deal, for example, there tends to be a massive amount of paperwork vulnerable to mistakes on both sides. AI can identify human mistakes or inconsistencies while learning how to pre-fill future forms to avoid the tedium and accident-prone archaic process.
Implementing a mortgage automation platform with a chatbot streamlines workflows and can provide quick and easy answers to common questions from both the lender and borrower.
When mortgage lenders spend less time fixing mistakes and responding to the same questions over and over, there’s far more time for higher-value — and higher-ROI — tasks like building relationships with borrowers.
Practical Applications of AI in HR
HR teams get asked the same questions every day. Whether it’s about PTO, maternity leave or any other fact or date posted somewhere in the team member handbook, responding to these questions takes up a significant amount of time.
To better engage with their role of managing the employee and prospective employee lifecycle, HR can use AI in the form of a chatbot to answer frequently asked questions instantly at any time.
Chatbots can seamlessly integrate with a company’s tech stack, extrapolating data from various platforms, websites, and applications to then give team members detailed responses with far less involvement from actual humans.
AI can also handle much of the work behind hiring.
Resume screening, interview scheduling, and other small tasks take away from actually getting to know candidates. Automating these tasks gives HR more time to connect with these candidates, leaving the stressful rote work to AI.
Practical applications of AI work in almost any profession. Adopting it now can help your organization stay ahead of the technology curve, optimize your workflow, and free up time for more important tasks.