Are you looking for ways to increase your business productivity for scaling your company and generating more revenue? Undoubtedly, this is the dream of every entrepreneur to take their business to the next level. To accomplish this task, you need to apply a comprehensive approach that covers a variety of processes. Think about what can make you stronger than your competitors in the market. You will most likely need to review your approach to some internal processes and consider AI development services to leverage technological advantages.
Artificial intelligence-based tools and software can automate business processes, reduce operating costs, improve customer support, and much more. That is why you should only turn to trusted companies, such as N-iX, for consulting or AI project development. However, which solution should you choose? Today, there is a wide variety of artificial intelligence, and in this article, we want to tell you about the most profitable options for business!
1. Generative AI
The first option for business we want to share is generative AI. Why? This is changing the way business is being done by automating the tasks that need human talent, but the innovation is automating creative and cognitive work. It is capable of indoctrinating text, graphics, sound, video, and even computer language. It enables the rapid creation of content and personalized marketing campaigns. It speeds the development of prototypes and debugging of software. This technology is used in design to create simple visual and layout features.
Generative AI is being used by companies operating in various industries to decrease operational expenses, accelerate processes, and experiment with ideas without investing a significant amount of resources. Its advantage is that it can train and make context-aware, unique output using large datasets.
2. Agentic AI
According to recent statistics on the market volume of artificial intelligence, this industry is experiencing rapid growth year after year and will continue to do so. Why is that? It’s quite simple. There’s been a bunch of new and advanced tech solutions popping up that are pushing the whole industry forward. For example, with the arrival of agentic AI, entrepreneurs can use a universal tool to do different tasks. Here’s what sets agentic AI apart from other modern alternatives:
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- Independence. This type of artificial intelligence operates autonomously and independently. It does not require step-by-step guidance from a human if it has accessible information to process.
- Decision-making. It stands out because it can independently make decisions of varying importance based on preliminary analysis.
- Versatility. These are a kind of «smart» agents that can perform a wide variety of tasks, from communicating with customers to solving complex mathematical calculations.
You can decide for yourself how to use this type of artificial intelligence, which is an important advantage for all entrepreneurs. You should find experienced specialists who provide AI development solutions, as this type of technology is complex to implement. For example, N-iX agency helps with the development of various types of AI from scratch.
3. Analytical AI
Analytical AI is preoccupied with the handling of highly sophisticated data and the instant-inspiring insights the latter entails. It is more than a traditional data system as it comprehends contexts, anomalies, and proposes patterns that people cannot see. Modern firms use AI-powered data analytics tools to obtain a better picture of customer behavior, efficiency levels, and their financial stability.
These tools are more than dashboards! They provide predictive insights and simulations of scenarios. Business in combination uses them to predict churn, along with demand forecasting, fraud detection, or supply chain optimization. Analytical AI plays an instrumental part in rendering data usable and lessens guesswork during decision-making.
4. Consultative AI
The next scenario in which businesses may apply artificial intelligence is advisory help. This AI type is an applied strategist that provides recommendations based on statistical analysis, historical behaviours, and forecasting algorithms. It not only points out trends, but it also instructs you on what choices to make. In monetary matters, it can present economic adaptation adjustments. For example, the shortages in hiring could be discovered in HR due to AI. It suggests shifting and targeting of campaigns in response to market shifts.
Nowadays, advisory AI enables businesses to translate actions into objectives more quickly than ever before, surpassing the capabilities of traditional consulting. It is intelligent by learning to make better calls based on its performance, adjusting when new variables are introduced. Companies that apply advisory AI move tactically as opposed to reactively. The components of this are improved resource allocation, risk management, and accelerated expansion.
5. Reactive Machines
The lowest level of AI is the reactive machines, and yet they are important in any business industry. They have no memory storage and do not evolve, as they are very reliable at performing definite tasks. They will be readily deployed in the production lines, self-checkout terminals, and customer service robots to fulfill more frequent requests.
They are strongest where there is consistent performance against pressure. Want to see a real example of using? An illustration of such functionality is realized when a reactive AI in one of the logistics hubs can reroute packages in real-time based on the data it scans. In medicine, it is used to assist in diagnosis by its appearance in the form of patterns in images.
Final Thoughts
Which type of AI should you choose? Undoubtedly, such a wide variety of technologies can make the selection process difficult. First, you need to define your goals. If you are experiencing difficulties with customer service, consider consultative and agentic AI. For marketing, content creation, and social media management, you will definitely need the help of generative artificial intelligence.
Most importantly, remember the importance of choosing the right AI development company. Good specialists are easy to recognize. They do not impose unnecessary services, have an impressive portfolio, good reviews, and begin cooperation with a detailed analysis of the business. In this article, we told you about the five main types of artificial intelligence that are commonly used among commercial organizations. This will help you find the best solution for your goals and requirements!