How to start using Artificial intelligence to optimize business resources

using AI

Artificial intelligence discussion has brought forth varied feelings across business organizations. And they are often opposite. On one side, there is still a fear of losing jobs pushed by Robotic Process Automation. On the other side, there is an overexcitement about what people could achieve by dint of AI systems.

Anyway, different AI apps have been optimizing business resources for a few years as of now. Let’s outline the opportunities for using AI for organizations.

What are business resources?

Business resources are literally anything helping to achieve business goals and fulfill business needs. Here are the most typical business resources:

  • equipment,
  • workforce,
  • capital,
  • management,
  • energy,
  • land,
  • real estate,
  • time, etc.

Every business organization has resources for accomplishing goals and carrying out its activities. Still, each company owns a different set of resources to use and manage, thus needs a different approach for managing and optimizing them.

What is resource management?

Resource management refers to resource optimization by its nature:

Resource management is a process of allocating resources, which allows an organization to complete its work in the most efficient way.

How AI can help in optimizing business resources

Usually, business owners or C-level executives manage the resources of the company. And it is up to them to decide how to utilize the available resources efficiently. That is classic. Still, none canceled the human factor. Meaning, humans in charge may make mistakes, and that is natural. 

Here comes Artificial Intelligence. AI can help optimize business resources more efficiently, working in conjunction with people (not instead of people, of course), than humans. Let’s focus on a few examples.

Working examples of business resources optimization powered by AI

Unilever’s case

The world-known organization implemented AI in varied aspects of its business. Unilever decided to integrate artificial intelligence into their

  • hiring process,
  • onboarding new team members process,
  • data analytics.

They leveraged Microsoft Power BI tool to develop their own platform to store the data and make it universally accessible for all employees across the entire organization. This platform collects the data from varied sources (both internal and external), stores them in a data lake, and they can be used for anything from product development to business logistics.

Amazon’s case

This company was one of the first adopters of artificial intelligence. One of the latest implementations of AI was Amazon virtual assistance, Alexa. But even before this, the company employed machine learning techniques to optimize inventory management and delivery processes.

Applying such an AI-powered system and acquiring Whole Foods allowed Amazon to disrupt the food industry.

Both cases demonstrate that the result of the optimization of business resources depends on the AI system’s scalability. Highly scalable AIs can solve current business issues and stay ahead of the competitors in the long run.

The corporations from both examples are large, and they can allocate enough resources to develop and scale AI systems. Still, most businesses can benefit from artificial intelligence applications if thinking strategically and acting reasonably.

How to start using AI to optimize your business resources

Adopting AI within any organization should be carefully planned – from allocating sufficient resources to integrating the entire system into existing business processes. Often the best solution is starting small. For example, implement AI into some system which company workforce uses every day. That might be ERP or CRM.

This approach will help to

  • avoid user rejection,
  • keep deeply-rooted workflows at their place,
  • align the team members with the changes,
  • save budget on development.

Don’t know where to start? Not a problem. Our team is here to help you out. Just drop us a line, and we’ll contact you as soon as possible.

Lessons learned

  1. Every business organization has business resources. The difference is that each company has its own set of resources, thus, requires a unique approach in implementing AI systems for resource optimization.
  2. Large corporations, like Amazon or Unilever, have almost endless opportunities in integrating and scaling AI systems. And they stay ahead of their smaller competitors. Still, every business, regardless of its size, can benefit from implementing AI.
  3. A good option for AI adoption is starting small and applying it to some common part of the business processes. And the best option is scheduling a consultation with AI experts to game out all pros and cons and outline the draft of your solution.