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        10 Essential Types of AI Tools To Accelerate Your Business in 2024

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        Are repetitive tasks slowing your team? Unpredictable trends stalling decisions? AI tools could be the breakthrough you’ve been searching for.

        With the right AI tools, you can streamline operations, deliver exceptional customer experiences, and craft growth strategies—all at once. 

        The big question is: What is the best AI for building a business strategy, creating personalized customer experiences, or other use cases you have in mind? With countless AI tools flooding the market, the key to your business success lies in choosing the right ones and developing tailored solutions where required.

        In this blog, we cover 10 essential types of AI tools that will help you accelerate your business, improve productivity, and enhance decision-making. 

         


        10 AI Tools That Every Business Can Try Now 

        You already know about generative AI. But conversational AI, predictive analytics, and process automation can also deliver incredible business value. Find the AI tool for your business on this list.

        1. Robotic Process Automation: Automate Your Way to AI Efficiency

        Ever felt like your team spends too much time on repetitive tasks? Robotic Process Automation (RPA) can change that. 

        These tools streamline tasks like workflow management, scheduling, and data handling, allowing your team to focus on solving real-life problems that need human invention. RPA can reduce costs by 30-70%. 

        A good example of a company that’s doing this right is Unilever, which has adopted AI and RPAs to streamline HR and finance.

        Pro tip: Start by automating one process, like invoice management. Learn, optimize, and then scale with custom solutions to deliver early proof of value. Consider platforms like HireCoder AI that connect you with top AI talent to build custom systems while reducing recruitment costs.

        2. Predictive Analytics: Make Smarter Decisions Faster 

        Navigating market trends and customer behavior is easier when you have the right insights. Whether you’re trying to gauge inventory needs or map how market shifts will play out, you can reduce business risks and optimize strategies with AI tools.

        For instance, Netflix uses predictive analytics (with an 80% accuracy rate with its custom engine!) to recommend shows based on users’ viewing behavior, driving engagement and improving customer satisfaction.

        Good examples of predictive analytics tools you can try include H2O.ai and Tableau AI.  H20.ai offers a suite of tools that can analyze historical patterns and forecast future trends, and Tableau is used to create interactive dashboards that make data forecasting accessible and visually intuitive.

        3. Generative AI: Ease Personalized Messaging 

        Creating compelling content doesn’t have to be a time-sink. Generative AI tools like Jasper AI (for text) and Synthesia (for video) help generate high-quality, creative assets in minutes. 

        From blog posts to personalized marketing videos, these tools ensure your brand stays fresh and engaging.

        Brands like H&M use data-driven AI algorithms to generate personalized marketing campaigns, tailoring messages for different customer segments and improving engagement rates.

        Pro-Tip: While tools like Jasper and Synthesia are great starting points, the real advantage lies in custom AI solutions tailored to analyze your consumer data. Use a platform like HireCoder AI that can help you build custom solutions that can reduce operations costs by 25%!

        4. Conversational AI: Improve Support and Responsiveness

        Your customers expect immediate responses, and handling high volumes of queries manually can be challenging in terms of costs and logistical demands. Conversational AI tools can help you deliver 24/7 support by answering queries, resolving issues, and offering personalized recommendations.

        For example, Sephora uses conversational AI to create a seamless omnichannel customer experience. The brand uses AI virtual assistants to allow buyers to inquire about product availability, reserve products, conduct in-store pick-up, and also get answers to general queries about locations, store timings, and return policy details.  

        5. Personalized Recommendation Engines: Improve Intent Moves 

        Let’s face it—generic marketing and customer experiences tend to disengage rather than engage prospects. By leveraging AI tools for business development, you can personalize customer experiences, drive intent, and increase conversions. 

        Industry leaders like Amazon use AI to recommend products based on browsing and purchase history. These recommendations contribute to 35% of its sales. 

        Tools like Optimove and Adobe Experience Platform let you analyze customer data to offer product recommendations and marketing campaigns. 

        6. Big Data Analytics: AI-power Crucial Decisions 

        Leadership decisions that emerge from guesswork leave your business open to risks. However, data-backed decision-making is next to impossible if leaders are expected to pore over spreadsheets to arrive at crucial insights. AI-powered business intelligence (BI) tools like Power BI and Google Analytics transform raw data into actionable insights.

        Walmart represents a prime example of strategic BI implementation. By integrating BI tools with AI, the retail giant tracks customer purchase behavior in real time and optimizes inventory management across thousands of stores. This approach has ensured better stock availability, reduced waste, and improved customer satisfaction.

        To utilize big data for better decision-making, consider developing a tailored analytics strategy that drives smarter choices and scales your business.

        HireCoder is an ideal platform to connect with AI experts in your industry, helping you create a robust system and strategy that delivers ROI.

        7. AI Ad Development: Drive Campaign Precision

        AI tools for business development like Pencil take the guesswork out of advertising. They allow you to analyze past campaigns and audience behavior and craft highly effective, targeted ads that maximize ROI.

        Coca-Cola uses AI to analyze customer data. It tailors ad targeting and messaging to specific regions, significantly enhancing the impact of its campaigns.

        8. AI Multimedia Editors: Accelerate Content Generation 

        Creating polished video or audio content no longer needs hours of your team’s effort. Tools like Descript and Pictory AI make editing as easy as drag-and-drop. These AI-powered platforms enable your team to transcribe, edit, and enhance multimedia content in just minutes. There are countless YouTubers like this creator who talk about AI tools that save them hundreds of hours in editing. Several film studios are also using AI in post-production. 

        9. Fraud and Breach Detection Tools: Spot Threats In Time 

        With rising fraudulent activities and data breaches, safeguarding your business’s finances has never been more challenging. However, with the right AI tools for your business, you can safeguard your organization’s digital assets and reputation efficiently. For example, penetration testing, a security exercise crucial to compliance, was once previously tedious and extremely costly. However, today, there are generative AI-based testing services that allow businesses can supplement cost- and effort-heavy manual penetration testing with automated testing that uses generative AI. 

        When it comes to fraud, finance companies seem to prefer developing AI tools in-house. MasterCard, for instance, has developed an AI program that helps them to identify compromised cards. Meanwhile, PayPal’s proprietary AI-driven fraud detection tool has reduced losses by 11% which corresponds to millions of dollars saved, given their massive transaction volume. 

        10. Transcription Tools: Save Time, Promote Inclusivity

        AI-powered tools like Speechify and Otter.ai can help you bridge accessibility gaps with real-time transcription of meetings and easy text-to-speech conversion for public-facing content. (More popularly, these tools also save the team’s time on tedious note-taking during meetings). 

        Zoom, for instance, uses AI-driven transcription services to provide real-time captions, making the platform more accessible for users with hearing impairments.

        Get The Right AI for Your Business 

        For businesses looking to innovate and thrive, AI integration is the key to staying ahead. While the top 10 AI tools we have discussed in this blog offer scalability, the true potential lies in custom models and generative AI engines tailored to your business’s unique challenges and systems. 

        With HireCoder, you get access to pre-vetted AI experts with success manager support for seamless implementation. The future is AI. Let HireCoder help you build your AI-driven strategy today. 

        FAQs

        • What is the best AI for building a business strategy?

        AI tools like predictive analytics, personalized recommendation engines, and RPA help streamline operations and improve decision-making, enabling smarter business strategies. However, the best AI tools for your business needs will depend on the intricacies of your organization, including goals and challenges. 

        • Why should businesses invest in custom AI solutions?

        Custom AI solutions are tailored to your business needs, improving efficiency and reducing costs by up to 25%, especially with platforms like HireCoder AI.

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