With the inclusion of Various Technologies like Data Entry and marketing??, we have taken our business to another level successfully. Now, New Era has different demands with new inventions and ideas. One of the hottest topics the entire Media covers in the last few years is the emergence of AI. For Non- Technical persons, AI and ML seem to be a very technical and complicated term but surprisingly we all are aware of it. Not only this, we all are using these in our daily lives but may be unaware of it. “The pace at which people are taking to digital technology defies our stereotypes of age, education, language, and income. “– Narendra Modi. Modi signifying the importance of Digital Technology to raise our standard of living.
How AI or the use of ML can impact our business:
Suppose you are the owner of a store. Around 500 customers visit your store every day and out of them, few are your regular customers (let’s say 10%). So, as the owner of the store, you probably knew about their choices for their product. Also for the irregular customer, you can predict. For example, if a customer wants a birthday cake along with candles, then there is also a chance for him to buy balloons because these three things are commonly used at birthday parties. If someone is purchasing a cricket bat, he or she may also purchase gloves, leg-pads, or a helmet. On a small scale, our brain is mature enough and trained well to handle all these things. But if you are working on a large scale then to know the customer’s need, their choice, preference, you have to analyze the data of the sales record that is maintained by the data analyst and it may take time as well as revenue resources. With the advancement of technology, i.e., AI and ML we can predict the choices of customers easily.