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How to use AI to transform your business

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Artificial intelligence (AI) is a powerful technology that can transform your business. By leveraging AI, you can automate routine tasks, gain valuable insights from data and improve decision-making. 

While AI might not take away all jobs, it can make it hard for you to survive if you do not know how to use it. Therefore, a successful person in the future could be defined as someone who knows how to use AI for their good and anyone who does not know how to do so may be left behind.

Here are five ways to use AI to transform your business:

1. Automate routine tasks

AI can help you automate routine tasks, freeing up your employees to focus on more complex and strategic work. For example, you can use AI-powered chatbots to handle customer service inquiries, reducing the workload on your support team. AI can also be used to automate repetitive tasks like data entry, data cleaning, and data analysis, enabling your employees to work on more high-value tasks.

2. Gain valuable insights from data

AI can help you extract valuable insights from your data, providing you with a competitive advantage. With AI-powered analytics tools, you can analyze large datasets and identify patterns and trends that would be impossible to detect manually. For example, you can use AI to analyze customer behaviour and preferences, enabling you to tailor your marketing messages and product offerings to better meet their needs.

3. Improve decision-making

AI can help you make better decisions by providing you with accurate and reliable information. With AI-powered decision support systems, you can analyze complex data and receive recommendations on the best course of action. For example, you can use AI to predict demand for your products, enabling you to optimize your inventory and avoid stockouts.

4. Enhance customer experience

AI can help you enhance the customer experience by providing personalized and proactive support. With AI-powered chatbots and virtual assistants, you can provide instant and 24/7 support to your customers, resolving their issues quickly and efficiently. You can also use AI to analyze customer feedback and sentiment, enabling you to identify areas for improvement and take proactive measures to address them.

5. Increase operational efficiency

AI can help you increase operational efficiency by optimizing your processes and workflows. With AI-powered process automation, you can streamline your workflows and reduce manual errors, resulting in faster and more efficient operations. For example, you can use AI to automate supply chain management, enabling you to optimize inventory levels and reduce waste.

In conclusion, AI is a powerful technology that can help you transform your business. By doing the aforementioned things, you can achieve significant improvements in productivity, profitability, and competitiveness. To get started with AI, identify the areas of your business that could benefit from AI and explore the available AI tools and solutions. With the right approach and mindset, you can use AI to make your business better and achieve your goals.

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TikTok plans to introduce an image search capability in order to directly compete with Google.

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TikTok, a Chinese short video platform, is now conducting a trial of a novel functionality that enables users to capture or submit images in order to discover comparable products within the TikTok Shop, as reported by TechCrunch.

TikTok, the current leader in social media, is now aiming to enter Google’s domain in the field of search, indicating a direct competition against Google’s control in visual search.

The functionality, originally observed by user Jonah Manzano, is presently accessible to users residing in the United States and Southeast Asia. Users that have access to the feature will see a camera symbol that is integrated.
This feature allows users to effortlessly search for products by capturing or uploading photographs, eliminating the requirement for written descriptions.

For example, if you are eating at a restaurant and like the dish that is presented on a certain plate, you can take a fast photo using the TikTok app to discover comparable goods that you can buy.

Similarly, if you come across an expensive item while shopping online, you can save its image and use TikTok’s image search feature to locate similar, more affordable options.

Although TikTok Shop has previously utilized conventional search methods, this new advancement represents a notable deviation by harnessing the capabilities of visual search, similar to Google Lens.

TikTok’s decision is a calculated maneuver aimed at not only attracting users’ interest in finding new products but also promoting sales within its e-commerce network.

This development is not only a criticism of Google or Amazon; it is a more extensive effort to rival other participants in the field of visual search and e-commerce, such as Klarna and rising businesses like Cherry.

TikTok’s shift towards e-commerce is apparent in its recent announcement that TikTok Shop accommodates more than 15 million vendors worldwide, including a significant presence in the United States.

The company has made significant investments in platform safety, dedicating more than $400 million and establishing a staff of 7,500 personnel to guarantee the integrity of TikTok Shop.

TikTok continues to pursue its e-commerce goals, while encountering regulatory obstacles, especially in the United States.

TikTok’s momentum remains unaffected by President Biden’s recent measure, which indicates a possible prohibition if ByteDance does not divest the platform.

However, the corporation regards e-commerce as a strategic source of income and a method to maintain consumer involvement within its ecosystem.

TikTok is continuously expanding and improving its TikTok Shop to encourage more user interaction and spending. This will help establish TikTok as a strong competitor in the e-commerce industry.
in the search bar of TikTok Shop.

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Business

Pakistan experiences substantial expansion in the information technology sector.

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Pakistan experienced significant development in the exports of its IT sector, reaching a total of $2.283 billion, as stated in a recent Economic Survey Report.

The increase in exports emphasized the rising global demand for IT services from Pakistan and the sector’s impact on the national economy.

The survey demonstrated that IT freelancers contributed $35 million in remittances, highlighting their significance in the IT industry.

The study data indicates a significant rise in the number of broadband and telecom customers nationwide, with broadband users reaching 135 million and telecom users growing to 194 million.

Earlier this week, the federal government has suggested a substantial 357 percent rise in the budget for the IT sector for the fiscal year 2024-25.

As to reliable sources, the Ministry of IT has been granted a budget of Rs 27.43 billion in the development budget, out of which Rs 6.28 billion has been allotted for the implementation of 15 new projects.

The government has additionally suggested allotting Rs 21.15 billion for projects that are currently in progress, as well as Rs 3.5 billion for the Digital Economy initiative.

Additional noteworthy allocations consist of Rs 1 billion for fostering innovation in the IT sector, Rs 50 million for the digitalization of the national assembly, and Rs 300 million for the implementation of smart office projects in government ministries.

The government has additionally suggested investing Rs 9.92 billion for the Islamabad Technology Development Park and Rs 6.78 billion for the creation of an IT park in Karachi. The budget additionally comprises a proposition for an allocation of Rs 1 billion for the Cybersecurity Fund for the Digital Pakistan initiative.

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The government will set up a firewall to monitor social media.

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In order to regulate “unwanted messages” on social media, the Pakistani government has chosen to establish a firewall.

It’s been discovered that the internet service providers have accepted the government’s request to put in a firewall.

“Deep packet inspection” is a unique characteristic that it will have.

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