By focusing on the most practical use cases of artificial intelligence for small businesses you can control the scope of your AI system implementation make informed choices among your software options and set realistic goals to measure your success. In this article we look at three such use cases for artificial intelligence where AI offers small businesses real and immediate value rather than promises of the future. Each of these use cases is a worthwhile focus for purchasing your first AI solution. artificial intelligence areas of application Practical scope e-commerce In the wake of the COVID- pandemic many small businesses have started offering their products or services online.
Quite a few were suddenly and unprepared and often involuntarily forced to delve deeply into the topic of e-commerce. Artificial intelligence can help with this change. Ecommerce or online store Specific Database platforms not only provide businesses with the basic technologies to sell goods online they also use artificial intelligence in a variety of ways that help small businesses increase sales and reduce costs Using language processing and auto-complete AI can also process confusing or misspelled search queries from customers and suggest the products they want.
According to one study just adding an autocomplete feature to your search bar can increase sales by . Not only on big platforms like Amazon you will find intelligent product recommendations based on data from the browsing behavior searches and previous purchases of customers and personalize the shopping experience. After a single interaction with a recommendation customers are three times more likely to convert . Artificial intelligence analyzes past sales data seasonal trends and forecasts to optimize inventory management so you always stock the right amount of the right goods. By reducing the number of out-of-stock or over-stocked items you can reduce your total inventory costs by .