Further developments are primarily aimed at making the purchasing process more intuitive and simpler. Retailers have realized that simplifying the user and customer experience leads to higher sales.

However, making the selling process simple and intuitive is important as making the customers’ lives easier. Essentially, these are two sides of the same coin, and both can be significantly improved with the right technology. We’ve recently discovered, that there is no better technology for this purpose than artificial intelligence (AI).

How does AI help sales professionals?

AI is not a new concept, and its definition has evolved significantly over time. Today, we routinely use it in a variety of everyday devices and appliances, often without even realizing it, even though the general public may still imagine evil robots taking over the world whenever AI is mentioned.

Naturally, this does not mean that there are no risks involved with the misuse of AI, especially given how difficult it is to predict how this technology will evolve in the future. However, the benefits of AI are so widespread and valuable in so many industries that we can confidently state that it is here to stay. And, obviously, its effectiveness extends beyond the scope of business to assist us with issues that we all find critical, such as healthcare and education, weather forecasting, disaster response, and many others.

We frequently hear that data is the “most valuable asset” in today’s world. This is also true for retailers and salespeople – obtaining reliable customer data is critical to their success. However, given the amount of data uploaded every day (2.5 quintillion bytes per day in 2018 and expected to grow to 463 exabytes in 2025), simply having billions of divergent data points is of little use to any business.

This is where artificial intelligence’s processing power comes into play. AI can sort through this data, organize it, and put it to use. By analysing the data generated, vendors can learn more about their customers, prospects, and the market in general. This can help with lead generation, pipeline monitoring, sales forecasting, real-time marketing, and customer communication, to name a few advantages.

AI’s ability to act on interpreted data also helps in the automation of tasks and workflows, increasing productivity. Furthermore, it speeds up and smooths communication within the organization. Finally, it can perform numerous repetitive and tiresome tasks that were previously performed by human representatives in a reliable and error-free manner.

How is AI taking over sales?

When we say that AI is “taking over” sales, we don’t mean that it’s coming to take our jobs or that sales reps will soon become obsolete. Because it is taking over, it will become an absolute necessity for retailers if they want to stay afloat.

Simply put, salespeople who use AI will gain an advantage over their competitors that will be difficult to compensate for. Using AI methods to collect and analyze data is the best way to get to know your customers.

Furthermore, it is becoming increasingly important for businesses to be available to their customers at all times and through multiple channels. Immediacy is critical here; if you are not present when a customer is considering purchasing something, you may lose money. As many as 64% of customers expect brands to respond and interact with them in real-time. This is why chatbots are so useful: they can intervene at any time and provide assistance.

Overall, AI will not “take over” in the sense that the sales process will be completely automated, with no human involvement. Not anytime soon, at any rate. However, it will undoubtedly become a necessary tool for sales departments and human sales representatives.

All-inclusive

AI is a highly effective and promising technology that has yet to reach its full potential. It’s widely used in sales for the benefit of both buyers and sellers, and its greatest advantage is that it provides businesses with incredibly valuable insights about their customers.

As a result, the current generation of retailers may know more about their customers than any previous generation. Now that they know what their customers are all about, they can put the “customer first” philosophy into action. And by doing so, they will benefit themselves as well as their business.

Of course, such powerful technology can be misused and exploited, but we have the opportunity to put it to good use and benefit all of us. Now it’s up to companies to decide.

Global Artificial Intelligence Summit & Awards

If you or your organization is building cutting-edge AI solutions to adapt to a world driven by technology, Please nominate yourself/or your company for GAISA AWARDS 2022.

Please follow the below-given link to nominate:https://gaisa.in/award

All further details regarding the event will be updated on the official website of Gaisa 2022. Please Visit: https://gaisa.in/

The post How to Sell with AI? appeared first on AICRA.

What is Artificial Intelligence in healthcare?

In the health care industry, AI-based medical devices could:

• Automate tasks, synthesize data from multiple sources, and pinpoint trends
• Process and analyze information from wearable sensors and identify disease or the onset of medical conditions
• Predict which patients are at an increased risk for disease, complications, or negative outcomes based on their medical records
• Support research by evaluating large amounts of data and monitoring treatment efficacy

Trends in Medical Devices with Artificial Intelligence

As technology advances, medical device companies are developing AI medical devices that serve three main functions:

Chronic disease management

Artificial intelligence-powered medical devices could monitor patients and deliver treatment or medication as needed. Diabetes patients, for example, could wear sensors to monitor their blood sugar levels and administer insulin to regulate them.

Medical imaging

Companies are developing artificial intelligence-powered medical devices to improve image quality and clarity in medical imaging. These devices would also reduce a patient’s radiation exposure.

Internet of Things (IoT) 

The Internet of Things (IoT) for medical devices is a network of wireless, interconnected, and linked digital devices used by medical professionals to manage data, keep patients informed, cut costs, monitor patients, and work more effectively and efficiently. Companies are collaborating with medical devices equipped with artificial intelligence to improve patient outcomes.

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Global Artificial Intelligence Summit & Awards

If you or your organization is building cutting-edge AI solutions to adapt to a world driven by technology, Please nominate yourself/or your company for GAISA AWARDS 2022.

Please follow the below-given link to nominate:https://gaisa.in/award

All further details regarding the event will be updated on the official website of Gaisa 2022. Please Visit: https://gaisa.in/

The post What Are The Uses Of AI In Medical Devices? appeared first on AICRA.

The event kicked off on the 17th of February with Dr.Jitendra Singh, Hon’ble Minister of State (I/C), Minister of S&T & ES, Govt. of India delivering the inaugural address. The conclave marked the largest event of its kind following two days filled with new product launches, Exhibitions, and a series of keynote sessions. The technological innovations seen there is a harbinger of what’s to come in the future ahead in sectors such as healthtech, agritech,fintech,edtech, etc.

“India is becoming a preferred destination for startups due to its vast unexplored potential, and the ease of business and regulatory environment provided by Prime Minister Narendra Modi and the current government,” Dr. Jitendra Singh claimed at the inaugural speech. “Due to the new supportive ecosystem 10,000 startups were registered in 2021 alone, and that currently there were over 50,000 startups in India today, providing more than 2 lakh jobs.” He added.

With several attendees from major industries, India first tech startup conclave & awards was able to gather the entire startup ecosystem including distinguished participation by the best breed of innovators, policymakers, industry experts, government representatives, and entrepreneurs.

The event displayed the next wave of innovation that will shape the startup ecosystem of our country in 2022 and the economy of tomorrow. The event has featured a plethora of exhibitors unveiling innovation across the fields that will better the world and solve global challenges.

On the occasion, AICRA rewarded outstanding startups and ecosystem enablers contributing to the dynamism by spurring innovation. A range of startups with their remarkable products/ solutions have been recognized through these awards.

The event once again showed the vital role of startups in the growth of India’s economy. As dr Singh claimed at the inaugural speech, startups could play a vital role in contributing towards India becoming a $5 trillion economy by 2025.

The post That’s a wrap for India first tech startup conclave & awards organized by AICRA appeared first on AICRA.

It is a great opportunity for the new startups to get a platform where they can meet many great leaders , industry experts and get to know how to build your business effectively and efficiently.

This conclave brings together various innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups

CEO, CXO’s, and business coaches present their ideas, innovation, and their success story to give an immense boost to the budding tech startups.

TICKETS:

Tickets for INDIAFirst Tech Startup Conclave & Awards 2022 – New Delhi can be booked here.

https://www.aicra.org/events/delhi/index.php

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New technologies often create new opportunities that startups take advantage of. Startups then create a massive value over mature businesses, inspiring competition and disrupting the economy to evolve.

When it comes to startups, a general perception is that it needs to be in a developed country where all the resources are available. In reality, startups can begin functioning anywhere, and it’s often the countries with the greatest needs that present the biggest opportunities. Startups are at home in underdeveloped countries, nations in conflict, and those countries new to entrepreneurship. Each of these environments offers untapped problems which startups can take advantage of not just to make a profit, but also to make an impact.

Role of Startups in Economic Prosperity:

Startups may be small companies but they can play a significant role in economic growth.
• Startups are the centers of innovation;
• Startups create jobs which means more employment, and more employment means an improved economy;
• Startups create jobs which means more employment, and more employment means an improved economy;
• Startups have a direct impact on the cities that they make their homes. Look at how Infosys has changed Bangalore, Alibaba impacted Hangzhou, Microsoft changed Redmond and Google transformed Mountain View, California. They improved employment patterns providing job opportunities to both experienced and young professionals. This led to a surge in inflow of graduates and relocation of experienced professionals from different cities;
• The “dynamism gap” between the large cities and the rest of the country narrows down due to startups;
• Startups boost the economy with revolutionary technology and create new industries over time. When these startups go public, they truly become money-making engines for not just the owners but also the employees and shareholders;

• Startups also contribute to changing the image of the country.
Start-ups require a multi-pronged approach, including:
1. Increasing access to capital;
2. Improving access to talent;
3. Opening up access to markets; and
4. Cutting red tape and instituting a pro-innovation regulatory and fiscal policy.

The corporate connect is important as well. Already, several enterprises have recognized the immense disruptive potential of start-ups and have come forward to partner with them, invest in them, and provide the required mentoring support.

The Government of India to understands the value of working with disruptive innovators across the value chain. It has been doing its bit to support the growth of start-ups across the value chain by helping them use their innovations to improve public service delivery.

India has a predominantly young population that is teaming with enthusiasm and bursting with new innovative ideas that could potentially create a positive impact globally. With the right support and encouragement, we can certainly expect a new wave of entrepreneurship that could transform India.

The post How StartUp Drive the Economy appeared first on AICRA.

What you’re smart at

What skills you’re lacking

Your prime opportunities for growth

Threats and hurdles that would hold you back

This type of study is useful as a result of its viewing each internal factor and external factors which will (not “could,” will) impact your success. Strengths and weaknesses area unit internal factors whereas opportunities and threats area unit external. The All-India Council for Robotics and Automation https://www.aicra.org/india-tech-startup  believes that Future technologies can contribute towards the development of society

A SWOT analysis will be improbably useful as a business analysis by viewing the business’s strengths, weaknesses, opportunities, and threats. a private SWOT analysis will be useful too, though, particularly if you’re a solopreneur or freelancer. AICRA https://www.aicra.org/index supports and encourages entrepreneurs to come forward by conducting Awards and Events https://www.aicra.org/india-tech-startup  making India grow and develop at a bigger level. You’re analyzing identical four factors however inside yourself specifically, not the business as a full.

Benefits of a SWOT Analysis for Start-ups

Are SWOT analyses extremely price business owners’ time? and how your bottom greenback it is! if truth be told, it brings many useful benefits.

Guide Team Growth

In start-ups  https://www.aicra.org/events/delhi/index.php#home-  all and sundry you rent can have an effect on the business quite they might in any giant corporation as a result of they create up a bigger proportion of your personnel. meaning it’s a lot necessary for start-ups to seek out the proper team members that ought to begin by analyzing the abilities your business is lacking thus you’ll notice somebody that fills in those gaps.

Determine Your Business Direction

Sometimes it’s robust merely knowing that direction to travel together with your business – you’re unsighted by the probabilities. A SWOT analysis  https://www.aicra.org/events/delhi/index.php#home- forces you to pause and confirm that opportunities provide you with the best opportunities for growth and success that business designing step ought to be a key part of developing your business strategy for the longer term.

By evaluating your company’s strengths and weaknesses with a SWOT  https://www.aicra.org/events/delhi/index.php#home- analysis, you’ll discern what causes you to distinctive and what competitive advantage you have got over others. you’ll conjointly discover ways that you’ll improve to be a lot of competition. From there, simply use strategic getting to notice some way to figure on your weaknesses and to place your advantage to sensible use and you’ll air the way.

AICRA https://www.aicra.org/events/delhi/index.php#home- with the aim to encourage and support MSMEs and Entrepreneurs to grow their businesses through the Start-up https://www.aicra.org/events/delhi/index.php#home-  way and to be given awards for their achievements.

Follow us for more updates on technology, start-ups, Seminars, and Events

Wish to connect you to share information about India First Tech Start-up Conclave 2022 to be organized by AICRA and the Ministry of Electronics & IT.

You may also refer to https://www.aicra.org/events/delhi/index.php#home- section for details.

For details, Contact Ms. Alka Sachdeva @ 7834999915

Or Email at alka.sachdeva@aicra.org

The post SWOT Analysis in Startup appeared first on AICRA.

The AICRA https://www.aicra.org/  STEM summit https://www.aicra.org/stem-summit-awards/ provides data on stylish developments altogether areas of STEM analysis from bench to side with giving skills that make a passionate robotic person more employable and to be prepared for fulfilling current labor demand. Technology educates young people to work in a world where high-tech advancements are commonplace. When it comes to building solutions, mathematics allows people to assess data, eliminate errors, and make conscious decisions. STEM (science, technology, engineering, and mathematics) education https://www.aicra.org/stem-summit-awards/  brings these disciplines together into a unified framework. As a result, it equips professionals to improve society through innovation and long-term solutions and with the establishment of upgrading computer labs into #robotics Skill center https://www.aicra.ac.in/rsc.php  To keep it simple, its goal can be summed up in two words: discover and experience. In a risk-free setting, students are free to put what they’ve learned into practice and welcome failures. Its foundation is built on curiosity and adaptability, which prepares students to respond to real-world issues. AICRA https://www.aicra.org/ supports students to study #robotics beyond any boundaries providing facilities and easiness of robotic Literacy program  https://www.aicra.org/robotics-literacy-program under which Students are exposed to the practical approach to the education of robotics and Automation. Likewise, STEM (science, technology, engineering, and mathematics) education prepares the world for the future. AICRA members  https://www.aicra.ac.in/district-coordinator.php gain instant quality by turning into a part of India’s largest community of artificial intelligence & Automation Professionals because the leader within the business we would like to place our analysis, resources, and support in your hands. With the additional regarding AICRA https://www.aicra.ac.in/district-coordinator.php resources and to affix our community with the help of STEM Education and Centre of Excellence https://www.aicra.ac.in/center-of-excellence practical approach.

The world in which we live is changing, and we must adapt STEM education to transform society by providing students with new mentality and abilities that are valuable in any field. This will enable young people to be adaptable, look for patterns, make connections, and assess data and growth in STEM https://www.aicra.org/stem-summit-awards/ education. It also promotes social consciousness informing the general population about world issues. As a result, STEM https://www.aicra.org/stem-summit-awards/  provides possibilities to help us to transition into a knowledge-based economy and improve our environmental and robotic literacy program  https://www.aicra.org/robotics-literacy-program

Follow your passion in STEM Follow AICRA to be a skilled robotic champion

FB- https://www.facebook.com/aicra

TW-  https://twitter.com/AICRAINDIA

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