What was once consigned to films like I, Robot and Logan’s Run has now become reality. AI is here. It had been lurking about for several years, but roared onto the scene with the launch of ChatGPT at the end of 2022. Now, it feels as though AI is popping up everywhere.
With that in mind, it can be hard to know where to begin when working out which AI tools every business needs. So, we’re here to help. We’ve put together a list of the AI tools that your business shouldn’t be without.
But before any of that…
What is AI?
AI stands for ‘artificial intelligence’. It refers to a range of computer programs and softwares that can do tasks that would normally require human intelligence to complete. In essence, AI software is programmed with logical algorithms that give them the ability to “think” and act appropriately.
AI has been around for a while, but it was the launch of ChatGPT in late 2022 that really led to its big breakthrough. We’ve probably all had at least a few goes on ChatGPT by now. So whether you find it fascinating, slightly terrifying or are indifferent toward it, we can all agree that we’re only just scratching the surface of what AI can do, especially in contract management.
So, without further ado…
Oneflow isn’t an entirely AI platform, but it does come with a powerful AI Assist feature. In Oneflow, the AI lets you draft a contract or legal agreement of any kind in seconds. The best part is, it’s not limited to the languages Oneflow supports. You can ask AI Assist to create a contract in any language, whether it uses Latin, Cyrillic, Hangul, or another script.
Read also: 5 best practices of AI in contract management: Top tips for 2023
2. Salesforce Einstein
Salesforce Einstein helps businesses make smarter decisions by analyzing customer data. By using machine learning algorithms, it can predict customer behavior, identify opportunities, and personalize customer experiences. This tool is highly beneficial for sales, marketing, and customer service departments because it helps them gain insights that can improve their bottom line, making it one of the AI tools every business needs.
3. IBM Watson
IBM’s Watson platform provides cognitive computing services to help businesses analyze data and make decisions. Watson can understand natural language, reason, learn, and interact with humans to provide insights and recommendations. This tool is useful for businesses that need to analyze unstructured data such as customer feedback, social media, and emails. With Watson, businesses can gain a deeper understanding of their customers and identify areas for improvement.
4. Amazon Web Services (AWS)
AWS provides a suite of AI services, including machine learning, natural language processing, and computer vision, making it one of the top AI tools every business needs. Amazon SageMaker is a fully-managed service that provides developers and data scientists with tools to build, train, and deploy machine learning models. This tool is useful for businesses that need to build custom machine learning models to gain insights from their data.
5. Microsoft Azure
Like AWS, Microsoft’s Azure platform offers AI services such as machine learning and cognitive services. Azure Cognitive Services provides pre-built APIs that can be used to add intelligent features to applications. This tool is useful for businesses that want to integrate AI into their existing applications to improve functionality and user experience.
Read also: How AI is changing contracts
6. Google Cloud AI
Google’s Cloud AI platform, like AWS and Azure, is one of the top AI tools every business needs. Google Cloud AutoML provides developers with tools to build custom machine learning models without requiring expertise in machine learning. This tool is useful for businesses that want to build custom machine learning models without having to hire a data scientist.
DataRobot is a leading AI platform that provides automated machine learning services to help businesses analyze data and make predictions. DataRobot’s platform allows users to build and deploy machine learning models quickly and easily. This tool is useful for businesses that need to build predictive models without requiring expertise in machine learning. With DataRobot, businesses can make data-driven decisions that can improve their operations and bottom line.
H2O.ai is an open-source AI platform that provides machine learning services to help businesses make data-driven decisions. H2O.ai’s platform allows users to build and deploy machine learning models that can be used for various purposes, including fraud detection, customer segmentation, and predictive maintenance. This tool is useful for businesses that need to build custom machine learning models for specific use cases. With H2O.ai, businesses can gain insights that can help them stay ahead of the competition. It’s little wonder that it’s one of the top AI tools every business needs.
Read also: AI in sales: Will AI replace salespeople, or boost them?
UiPath is an AI-powered robotic process automation platform that helps businesses automate repetitive tasks. This tool can save time and resources for businesses by automating processes such as data entry, invoice processing, and report generation. This tool is useful for businesses that want to automate routine tasks and free up employees to focus on more strategic tasks. With UiPath, businesses can improve their efficiency and productivity. If you want to get more bang for your buck, then UiPath is one of the top AI tools every business needs, but especially for you.
Peltarion is the AI behind the AI. Peltarion’s platform allows users to build and deploy deep learning models quickly and easily. This tool is useful for businesses that need to build custom deep learning models for specific use cases. With Peltarion, you can develop and tailor an AI platform to exactöy match your needs.