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Artificial intelligence is a very effective tool for business management.




Researchers created an algorithm. That tells when taxpayers should bail out the bank. But similar algorithms can use to warn when the company's balance sheet goes too low. And it will face bankruptcy. 

But the artificial intelligence can help businesses in many ways. The AI can search for information about the prices of products. That the company makes. That thing can help to price products and services. 

The AI can also follow the data. That is published on the net. And official stock courses of the competitors and customers. That data can tell if some customers are in trouble and cannot make their payments. This kind of data is very important when the company is making its strategy. 

AI-based systems can follow the prices of raw materials and select the cheapest deliverer. But it can also connect things like transportation prices to raw material prices. And that thing helps to make clear what is the real price of the raw material. 

Of course, AI can adjust the temperature of the office. And calculate the people who are visiting there. If some salesmen use AI-based applications they can calculate how many people will buy the product or make an appointment when they sell the product. And it can also calculate how many appointments forms new customer relationship.

The system can also follow how long time people spend on the company's homepages. Then the system can follow what kind of products are interesting and of course how many people will buy some product. 

In shops or supermarkets, the AI can follow the route of the people. They can see if some product causes very big interest. But if nobody buys that product there is something wrong. AI is one of the most powerful tools in the world. 


https://scitechdaily.com/new-artificial-intelligence-tool-predicts-when-a-bank-should-be-bailed-out-by-taxpayers/


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