1) While AI capabilities described in science fiction are not yet possible, today's weak AI systems can help with specific tasks by using algorithms and learning from data. 2) The document discusses how AI can support B2B sales teams by automating repetitive tasks and providing predictive analytics on customer churn, pricing, and cross-selling opportunities. 3) Using AI in this way allows salespeople to focus on core responsibilities like customer relationships while gaining insights to improve sales performance.
Boost Fertility New Invention Ups Success Rates.pdf
Â
How can b2 b companies use ai to support their sales
1. 6/22/2020 How can B2B companies use AI to support their sales?
https://medium.com/@pvvajradhar/the-mystery-of-artificial-intelligence-how-can-b2b-companies-use-ai-to-support-their-sales-the-55e971a54733 1/4
How can B2B companies use AI to support their
sales?
venkat vajradhar
Dec 23, 2019 · 4 min read
The applications of Artificial Intelligence (AI) are very diverse. Big players like Apple,
Facebook, Google, or Samsung are not without reason to spend billions on new AI
technologies.
To Know More: 6 WaysTo Use Artificial Intelligence InYour Business
However, unlike other countries, German companies are somewhat cautious and
skeptical about AI applications. According to a study by the Federal Ministry of
Economics, only 5% of German companies use AI, and 3 out of 10 companies expect to
use it in the next 10 years (Summer 2018).
Letâs get the mystery out of artificial intelligence. Will AI make your B2B sales more
successful?
Only you can see this message
This story's distribution setting is on. Learn more
2. 6/22/2020 How can B2B companies use AI to support their sales?
https://medium.com/@pvvajradhar/the-mystery-of-artificial-intelligence-how-can-b2b-companies-use-ai-to-support-their-sales-the-55e971a54733 2/4
We will first understand what AI can and cannot do today. Based on this, we will show
you different possibilities of how you can use AI for your B2B Company in the field of
sales.
What exactly is behind artificial intelligence?
When you think of âArtificial Intelligence,â do you see Arnold Schwarzenegger as a
terminator in front of your inner eye as he raises his hand and says, âCome with me if
you want to live âŠ!â
However, the machine that can think and act independently is still sci-fi. Experts
distinguish AI as âstrongâ and âweakâ (between ânormalâ and ânarrowâ).
Weak artificial intelligence refers to systems that provide solutions to concrete
application problems. As a basis for problem-solving, it uses mathematics and
computer science, specifically developed for need. The resulting system is improved by
its algorithms â in other words, the system learns from existing data.
In contrast, strong (or general) artificial intelligence is what we know from sci-fi
movies. The goal of a simple AI company is to achieve or exceed the same intellectual
skills as humans. However, so far, this is pure fantasy. Whether such intellectual
development is possible is still debated. Experts who are attracted to the notion that
simple AI is possible, talk about 20â40 years.
3. 6/22/2020 How can B2B companies use AI to support their sales?
https://medium.com/@pvvajradhar/the-mystery-of-artificial-intelligence-how-can-b2b-companies-use-ai-to-support-their-sales-the-55e971a54733 3/4
All AI systems that exist today fall under the concept of weak AI â a common fact.
To Know More: 6 Powerful Ways to Use Artificial Intelligence in
Ecommerce
Therefore, one can answer the question âwhat exactly is behind AIâ: in the form of
various algorithms such as mathematics and computer science.
You have previously used AI in your daily life: text recognition, image recognition,
speech recognition, automated translation programs, expert systems (eg getting
recommendations for action based on a knowledge database), and some examples of
navigation systems applications for AI.
How will AI strengthen sales teams?
Sales personnel are often under tremendous pressure. They must meet quotas, take
care of their customers, attend conferences, and do dull and laborious tasks such as
research and documentation.
To Know More: Applications of artificial intelligence in banking
AI and machine learning can help with authentic and repetitive tasks. Automation
programs are designed to perform time-consuming but simple tasks, such as searching
the Internet for specific data or sending personalized e-mails. Using AI to manage time-
consuming and low-return tasks allows sales staff to focus more on their strengths â
communicating with customers.
Another way to strengthen AI sales is through data analysis programs. Digitalization
offers many opportunities for B2B companies to increase sales and efficiency. However,
manual structure and analysis of large amounts of data are time-consuming and error-
prone tasks. Therefore, most companies use only a fraction of their data and the rest is
not used in data archives.
AI-based Predictive Sales Analytics Software calculates price range based on sales
forecasts, cross-selling opportunities, customer churn, and current sales data. Sales
teams can use this information for targeted and effective action to increase
productivity.
Companies that use AI hire employees
4. 6/22/2020 How can B2B companies use AI to support their sales?
https://medium.com/@pvvajradhar/the-mystery-of-artificial-intelligence-how-can-b2b-companies-use-ai-to-support-their-sales-the-55e971a54733 4/4
One common concern is that AI systems will replace distributed jobs. In this case, a sigh
can be healed. A recent study with over 3,000 managers found that companies that
already rely on AI could increase their team numbers by 76%.
The results of this study also confirm our view. As software providers for attendee sales
analytics, we see AI applications as support for sales teams and not as an alternative.
The Art of Artificial Intelligence in B2B Sales â Summary
Terminator science fiction. Todayâs AI systems fall under the concept of âweak artificial
intelligenceâ. They solve specific tasks significantly more than humans using software
and mathematical algorithms.
AI software can learn from existing data and create new resolutions. Only 5% of
companies in Germany use this capability. For this reason, our tip: Donât let the word
artificial intelligence stop you. Think about whether such a program can support your
processes so you can take advantage of your competitors.
There are many ways to strengthen AI sales.Automation programs,for
example,can support your sales team in standard and repetitive tasks.
Alternatively,you can use data analysis software to predict which of
your customers might be pranks,what pricing options you have,and
cross-selling opportunities.
AI-based software effectively supports B2B sales so that marketers can focus on their
core business: taking care of their customers.
Arti cial Intelligence Bussiness Marketing
About Help Legal
Get the Medium app