Could AI Help Companies Survive Inflation?

There are countless ways in which AI could end up being utilized both by individual consumers as well as corporations, and Microsoft has been quick to point out an abundance of usage cases. Microsoft definitely has an incentive to do so because of the fact that this is the sort of thing that could potentially end up benefiting its own investments into the AI sector in the short term.

With all of that having been said and now out of the way, it is important to note that a recent blog post from Microsoft pointed out the various ways in which AI could help companies weather the troubling inflationary period of today. There are three main benefits that could be obtained on this front.

Firstly, companies could use AI to figure out and implement cost saving methods. This is already something that we have seen, since companies have frequently utilized AI to make costs lower than might have been the case otherwise. Tasks that used to require fifteen to thirty five dollars to complete can now be finished for as little as a dollar, and that just goes to show that AI can, in fact, be an effective savings tool if used appropriately.

Moving on, the second major benefit that Microsoft point out had to do with boosting the productivity of its employees. One of the biggest tasks that companies need to perform has to do with processing large quantities of data. AI can help workers to automate these tasks, thereby enabling them to focus on other matters that require more of a human touch.

Various routine tasks can be performed by AI automatically, and companies can also use AI to make data driven decisions. These decisions won’t be clouded by faulty human judgement, and they can therefore enable companies to reach unprecedented levels of productivity down the line!

This leads to the final benefit that the blog post mentioned, namely that of an increased impact. Paying employees a full salary to do routine tasks is just not a very efficient use of resources. Allowing AI to handle all of that whilst enabling employees to do things that better suit their individual skill sets will make each employee provide a far higher impact for the company they are working for.

All in all, this blog post is clearly Microsoft’s attempt at positioning AI as a must have for companies. It might sound like they are biased, but AI may soon be like the internet in that it will become an indispensable part of people’s daily lives. It will be interesting to see just how much Microsoft benefits from this over the next few years.

Read next: 42% fear AI will replace jobs in their area of work
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