Efficiency and effectiveness of Artificial Intelligence
1.Efficiency:
2. Effectiveness:
According to (gamco, n.d.): Automate Processes: Through the use of new cognitive technologies are key to helping companies optimize their processes, employee productivity, inventory and relevant information.
Thanks to automation, too many errors can be avoided and the effectiveness of the processes is increased.
According to (analyticsinsight, 2023): Reduces human error: AI can help prevent sampling errors by automating and optimizing the sampling process. AI can use historical data and statistical methods to identify the most relevant and representative data points for analysis.
Thanks to all this, many human errors are eliminated and many inconveniences in production times disappear.
According to (linkedin, 2023): Reduce costs on data analysis: By analyzing vast amounts of data, AI algorithms can segment customers into specific groups based on their characteristics, interests, and past interactions. This enables marketers to create highly personalized campaigns that yield better results while requiring fewer resources.
By reducing costs, many companies can provide better service and expand to reach all parts of the world.
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