Coronavirus and the pandemic have changed the previous ways of operation. While the virus made us all sit still inside our homes for safety, it created problems in every industry to keep up with their business. However, throughout the past decades technology has become an indispensable part of our lives. In times of need like this pandemic, it is technology that has helped several other industries to keep their business up and running. Here are the ways how technological companies can help other industries-
- Growth of E-commerce:
This pandemic has forced everyone to stay within the safety walls of the home. That is why; businesses are being forced to think in a different way and to take care of purchases and deliveries. Here comes the importance of e-commerce and artificial intelligence. No matter what kind of business it is- retail or medical or something else- business without the option of e-commerce has faced a straight downfall. That is why; it has become extremely important to take help of Artificial Intelligence technology to take care of the online business and e-commerce. Companies that deal with manufacturing and maintenance of such companies are now facing huge demand due to the situation offered by the pandemic. These companies can help with customer care, inventory works and tracking of the product easily and help to get the supplies ready.
- Help to deal with supply chain logistics:
Various companies around the world are facing huge challenges to deal with the obstacles created for the supply chain logistics. Even big names like Nestle are facing such problems more seriously than ever. AI technology is qualified for helping other companies to deal with such crisis. AI technology has the potential to take complete control over everything- from automating the whole process to giving guidance to the employees for their daily works. Technology like Chatbots can be proved to be really amazing to deal with operational procurement. Machine Learning technology is extremely helpful to plan the supply chain and also to help manage the warehouse. Selection process of the supplier and the Supplier relationship Management can be taken well care of with the help of Machine Learning and predictive analytics.
- Help to cope up with the security concerns:
With the growing dependence upon e-commerce over the last decade and especially during the past few months (thanks to the pandemic), the security has become another big concern for the companies around the world. Security and privacy are the growing concerns for the owners of the companies. Here comes the helping hand of AI technology again. AI security tools can be used to not only detect by also take care of cyber threats looming over the e-commerce section. Using information, AI technology helps in the process of identifying harmful files; IP addresses etc. and notify the proper experts regarding the problem.
Technology cannot be ignored anymore for business and especially during a time like this pandemic. So, the business owners should know how to utilize these helps of technology for the growth of the company.