How Can Businesses Benefit from AI Translation Advances?
Artificial Intelligence (AI) has long been an exciting topic of discussion within business circles. AI is frequently mentioned at meetings, conferences and other events; moreover it has become part of operations in ways previously unimaginable: Google Predictive Search, Chatbots, AI Translation are just a few examples. AI can be found everywhere from predictive search results on search engines such as Google to predictive translation applications from translation services companies – it seems everywhere! But what exactly does it do and how can it help companies with translation and localization efforts?
Artificial Intelligence – What does it Mean?
Many are still unfamiliar with Artificial Intelligence (AI), leaving many questions regarding its applications in business. Artificial intelligence refers to intelligence displayed by machines enabled through complex programming; machines with AI can perform tasks similar to humans while thinking in ways similar to humans; they can learn through supervised, unsupervised, reinforced learning or machine learning methods and eventually deep learning systems. AI also plays an integral part of machine learning and deep learning techniques.
AI offers many benefits for business management. It has already been successfully integrated into various processes. Many entrepreneurs have dreamed of ambitious AI initiatives which could change not only their strategies but entire industries; however, studies show that ambitious projects tend to fail more frequently than simpler, less ambitious ones.
AI for Business Success: Common Applications
Data Insights:
AI technology has many practical uses in business management. One common application of this is in analyzing and detecting patterns in large amounts of data to provide actionable insights that allow companies to better understand their customers.. This approach moves away from the “one size fits all” model of customer engagement.
Cognitive insights tend to be much deeper and data-heavy compared to what humans can provide, surpassing any real-time processing capacity of an individual human being. Businesses can utilize this data to determine which marketing strategies are successful while others fail, as well as predict future stock market trends.
Enhanced Experience for Customers:
AI can be an invaluable asset when used to analyze business data and craft an engaging customer engagement strategy that drives customer retention. AI can be integrated with many different aspects of business strategies – for example, artificial intelligence can help with customer service via chatbots or virtual assistants.
Companies have implemented intelligent agents to provide 24-7 customer service and internal systems that respond to employee inquiries or suggest treatments.
Process Automation:
This is the most popular AI application currently being used in businesses. Why ask an employee to do a job that can be automated? AI can be used to speed up processes, eliminate errors, and maximize employees’ talents. How? By avoiding the use of human labor for tedious administrative tasks that can be easily handled by machines.
These tasks usually involve administrative and financial back-office activities, such as transferring data into record systems from call centers and email systems, as well as updating databases with new information.
AI Translation
AI translation has become a crucial tool in the translation industry, particularly with the success and popularity of machine translation tools. The need for a translator to check translations is more important than ever, which led to the belief that AI’s impact on the translation industry had been fully realized. This was true until more sophisticated versions of AI emerged on the market.
Surveys show that AI products can be used in many ways to benefit businesses. While the need for machine translation post-editing won’t disappear anytime soon, AI is available in many forms and enhances the overall stakeholder experience.
AI Translation Benefits to Businesses
AI translation has many benefits for the translation industry:
- Ability to assess the quality of localization work.
- Quickly selecting the best linguists for a project.
- Assisting project managers in managing the resource pool of linguists based on their workload.
- Optimizing project workflows.
- Highlighting potential bottlenecks.
- Providing concrete data insights about the improvements required.
AI will be used in areas such as project management, vendor, and localization management. The toolkit of a successful language professional will increasingly include machine learning and data analytics tools.
AI and Business: Final Thoughts
Companies across industries should utilize artificial intelligence (AI) to augment human capabilities, focusing on what makes each of them distinct and where they can add the greatest value. Machines excel at repetitive data-intensive tasks; however, for optimal performance improvements to take place, both humans and machines must work together collaboratively.
AI holds immense potential to revolutionize how we conduct business. To be truly useful, AI should be seen as a tool that augments human capabilities, so businesses can get the best of both worlds!
