There’s no question that artificial intelligence, or AI, is everywhere. The technology will add $16 trillion to the global economy by 2030. Small and large businesses should investigate ways to use AI to their advantage.
For example, HR AI is a very big opportunity for businesses. One of the biggest problems that businesses face is recruiting the right candidates who will stay at a company for more than a couple of months.
The development of hiring games has helped employers solve this problem. Job applicants can play games that assess their personality traits, and the results of those games can be compared to high-achieving employees already within the company. These games alone can save businesses up to 250 hours and $20,000 per year in recruiting resources. HR software also speeds up the onboarding process.
For example, innovative HR software can record training videos very easily, which can be shown to new hires.
Business leaders are also looking to AI to cut down on repetitive tasks like paperwork (82%), scheduling (79%), and timesheets (78%), and to boost sales. Consider the fact that 30% of businesses will be using AI in at least one of their sales processes by next year.