AI has been around for decades. But in recent years, AI has advanced to the point where it can now do things that were once considered impossible. From driving cars to creating music, AI is starting to affect our everyday lives. We’ll be talking about the different types of AI-powered tools out there and how they are changing business as we know it. With so many different types of tools available, it might be difficult knowing which ones are right for your business. I’ll help you figure that out by introducing you to the different types of AI-powered tools and explaining how they could improve your company’s bottom line.
Let’s get started!
1) AI-Powered Partner for Legal Ops
Since legal matters are incredibly complex, it can be difficult to keep up with all the changes in the law. To help them out, companies have turned to AI-powered tools, you can read more about that here, designed for legal purposes. From contract language assistance to document automation, these tools are designed to help reduce paperwork and mundane tasks so that you can focus on more important things.
When choosing an AI-powered tool for your legal department, it’s important to consider what you want from the software. Part of that consideration will be related to potential cost and implementation time. Examples of common tools include:
Legal Hold Pro – Records data collection system used as a forensic device to preserve evidence.
Trunomi – An AI-powered chatbot that helps automate the process of getting consent from customers.
Docufide – A legal contract language assistant that simplifies complex terms by breaking them down into everyday language.
2) AI Sales Assistant
The use of chatbots in sales has become more and more popular in recent years. These tools are called ‘AI Sales Assistants’ because they aim to take the administrative aspects of sales work off your hands, allowing you to focus your time on revenue-generating activities.
Sales assistant tools automate tasks that are time-consuming, repetitive, and redundant. These include features like real-time chat with leads, email automation, lead scoring, opportunity tracking, proposal generation, among other things. There are also AI sales assistants that use sentiment analysis to gauge customer interest in specific products or services. This helps you save time by automating parts of the sales process.
3) AI-Powered Resume Builder
The job hunt is tough, especially in today’s talent tight market. With so many talented people looking for jobs, it can be difficult to stand out from the crowd. And on top of that, you have to go through hours of resumes to find someone who fits your needs. To help ease some of this burden, there are AI-powered tools that can automate the resume writing process. This allows you to focus your time on the important parts of recruiting, like putting together a good job description or preparing for interviews.
4) Video Editing
Lightworks is a video editing software that uses AI to automate the entire video editing process. Rather than having to go through each frame of a video and making edits, Lightworks can do it all for you in just seconds. It does this by removing unnecessary objects from the scene as well as tracking each object’s motion throughout the course of the video.
5) Fraud Detection
Artificial intelligence has really revolutionized fraud detection. This is now possible thanks to new advancements in machine learning, which is the process by which computers learn how to complete specific tasks through trial and error. After training on existing data sets, AI systems are able to recognize patterns that human eyes would miss. This allows them to find fraudulent transactions in both online and offline transactions, whether these are credit card charges, check payments, or wire transfers.
6) Blockchain Technology
Blockchain is an open digital ledger that can be used to efficiently record transactions between two parties. It’s decentralized, meaning the records are stored on servers all over the world – rather than in one single location. This ensures that tampering is prevented and records cannot be destroyed or falsified.
The different types of AI-powered tools that can improve your business. With so many different types of AI-powered tools available, it can be difficult to know which ones are right for your business. This article will introduce you to the different types of AI-powered tools and explain how they can improve your business. They’ll help you reduce paperwork and mundane tasks so that you can focus on more important things like increasing revenue or marketing efforts. It is an ongoing process to determine what type of tool best fulfills these needs in order to get the most out of them without wasting time or money.