Members of the Young Entrepreneur Council share the artificial intelligence applications they are most eager to see develop.
One of the promises of artificial intelligence is the ability to sort through data faster to automate decisions that do not require deep creativity. Programs can sort through information, filtering it for insights that organizations need to make daily decisions. How well is your marketing message working? Who's available at what times for a meeting next Tuesday? How can you best autofill forms and data fields to save hours of effort, as well as reduce human transcription errors?
The nine applications below, shared by members of YEC (Young Entrepreneur Council), represent areas where AI can help your organization streamline business operations, freeing up time so your skilled staff can focus on more crucial tasks. Here's what these entrepreneurs are excited about.
"Chatbots will start to play a huge role in your business development strategy. Adding a chatbot to your landing page will create an automated process that identifies customer needs, as well as gathers all the information you need to hone your follow-up approach. Knowing exactly what the customer is looking for will allow you to streamline your client acquisition process." – Duran Inci, Optimum7
2. Content creation software
"My agency creates tens of thousands of pieces of marketing content a month. We've just started using AI software to help us create content, and that has already drastically improved our quality of life and the impact our content has on our clients. I'm excited by where this type of software can take us, as I expect more data-driven decisions in a workflow that's more fun for the team." – Brennan White, Cortex
3. Customized content
"AI and machine learning offer an incredible opportunity to identify, promote and present the right pieces of content to buyers, customize content for the audience, and deliver a highly personalized one-to-one marketing experience. With brands producing more content, customization will be key to breaking through the clutter. AI holds the key to scaling content aligned to each buyer segment." – Dan Golden, BFO (Be Found Online)
4. Form-filling bots
"I am most looking forward to form-filling bots. There is so much filing as part of the patent process, and it would be a huge help to patent agencies, startups and academics alike for it to be taken care of as quickly as possible. This would keep the process piece to a minimum so everyone involved could focus on their work." – Dan Hussain, American Patent Agency PC
5. Information filtering
"How do you know what you need to know? Entrepreneurs and business owners need to know a lot: what the competition is doing, legal issues, technical issues, business performance, news and much more. Today, I look at a ton of information I don't need to know to find the useful kernels. I'm hopeful machine learning can filter the superfluous material, presenting what I need to know and nothing more." – Justin Blanchard, ServerMania Inc.
6. Legal documents
"As CEO of a legal technology company, I would have to say that I am most excited about the applications of AI and machine learning in the legal space. Not only will it improve consistency and reduce errors, but it will save lawyers a lot of time, which will make the legal industry more accessible to people who need legal help." – Tucker Cottingham, Mystacks Inc.
7. Meeting scheduling
"Scheduling emails are laborious and a thing of the past. Technology like what x.ai is offering is the future. No more back-and-forth and no more missed meetings. Artificial intelligence is going to make running a business much easier, and I'm anxious to see where else it can take us." – Corey Eulas, Factorial Digital
"I'm most excited about Elon Musk, Peter Thiel and Y Combinator's new nonprofit, OpenAI. They are working on technology that will help us with our daily chores. We spend so many hours of our lives doing chores, so this timesaver will allow us to spend more time on doing the things we love." – Jared Atchison, WPForms
9. Post Intelligence
"To get better engaged with our social media followers and understand their trends, I have become a fan of Post Intelligence. It's great for improving our social media strategies and brand awareness. It allows me to know exactly what my users want to see and engage with." – Stanley Meytin, True Film Production