5 AI Applications in Businesses to Operate Every Business Process

With the explosion of artificial intelligence technology AI, the application of AI in operations helps businesses increase competitiveness and improve productivity.

Phuong Trang

27/8/2024 5:05 PM

In this article, EDUTO will analyze AI applications in businesses to help improve work performance, creating breakthroughs in organizational management.

1. Applying AI to analyze data in business

The application of AI in business to analyze business data is commonly used in large corporations. Popular AI technologies in business data analysis include machine learning and deep learning. Machine learning uses algorithms to learn from data, thereby making predictions or recognizing patterns. Deep learning, a branch of machine learning, uses artificial neural networks to analyze more complex data, such as images or language.

AI application to analyze business data

AI technology brings many benefits in analyzing business data. AI can analyze historical data to predict future trends, helping businesses prepare effective strategic plans. Through analyzing customer data, the AI ​​market helps businesses adjust and optimize business strategies to achieve the best results.

A good example of a successful business application of AI through data analysis is Amazon . Amazon uses AI to analyze customer shopping behavior, thereby recommending suitable products and personalizing the shopping experience. This not only helps increase revenue but also improves customer satisfaction.

Applying AI to analyze data in business

2. Virtual assistant answers internal business information 24/7

Apply AI in businesses to provide timely and accurate information, increasing employee satisfaction. AI virtual assistants help employees access internal information quickly and accurately without spending a lot of time searching.

AI virtual assistants operate based on machine learning algorithms and natural language processing, allowing them to understand and respond intelligently to employee requests. These virtual assistants can integrate with the enterprise's internal document system, helping to look up and answer information from documents such as regulations, statutes, procedures, employee handbooks, and instant forms.

Instead of letting employees filter results from the document system themselves, when applying AI in the enterprise, the AI ​​virtual assistant will synthesize and summarize information, ensuring that 100% of the necessary information is found correctly and completely. In addition, the virtual assistant is capable of answering information in any context, answering information 24/7, regardless of time.

For example, the LV ChatBot AI virtual assistant is integrated into the company's internal document system, helping employees access information quickly, thereby increasing work efficiency and minimizing wasted time. Thanks to that, the business has improved operational management efficiency, ensuring that activities run more smoothly and efficiently.

Virtual assistant answers internal business information 24/7

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3. AI assistant in accounting management

With the support of AI, businesses optimize financial and accounting management activities, say no to manual data entry, minimize errors and manage finances more proactively. Accounting software integrated with AI assistant offers many outstanding features, helping to optimize financial management:

  • Automate input invoice data entry: Applying optical character recognition (OCR) technology and artificial intelligence, the system is capable of reading, extracting, and automatically processing input invoice information accurately, eliminating errors, and saving manual data entry time.
  • Accounting Assistant: Supports answering all queries in real time right in the statistical reporting function, helping leaders make quick decisions and reduce explanation and reporting time.
  • Analyze and track financial indicators: AI assistant is capable of analyzing and tracking financial indicators, warning of immediate fluctuations to help businesses proactively manage risks.
  • Automate scheduling and reminders of debt and payment deadlines: The system automatically sends email reminders about debt and payment due dates, helping to enhance the experience with customers and suppliers.
  • Accurate financial forecasting: Applying AI in businesses to analyze historical data and predict trends, the software helps businesses make more accurate financial plans.
  • AI Virtual Assistant: 24/7 support to answer all questions about financial accounting policies and regimes. Integrating ChatGPT and Gemini platforms , this virtual assistant can provide quick Q&A information.
AI Assistant in Accounting Management

EDUTO used to successfully developed LV-DX Accounting software that applies AI to help automate data entry, minimize errors, and improve financial management efficiency. Thanks to the AI ​​assistant's ability to analyze and instantly warn, LV-DX Accounting integrates AI to support proactive risk management and more accurate financial planning.

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4. Applying AI in searching and approving documents in business processes

Applying AI in businesses with the search and approval functions in operational processes helps optimize information search, signing, and decision making activities. AI is integrated into the document management system, digital signature, helping to answer all queries in real time right in the workspace. This feature helps leaders quickly grasp the business situation, make immediate decisions, and minimize the time waiting for employees to explain and report.

Applying AI in searching and approving in business processes

When there is a document that needs approval, instead of having to manually filter information from traditional search results, the AI ​​virtual assistant is able to look up, summarize information and answer users right on the corresponding document.

The application of AI in businesses has brought great benefits and constantly opened up new development opportunities. From applying AI in business to analyze data, support employees with virtual assistants, optimize accounting management, to digitize the approval process, AI has shown its ability to improve performance and increase management efficiency. Therefore, businesses need to quickly apply AI to grasp new trends, proactively manage risks and create momentum for sustainable development in a competitive business environment.