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Marketing In Asia > Blog > Business > Interviews > How Generative AI is Revolutionizing Business Operations, Strategies, and Customer Experiences
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How Generative AI is Revolutionizing Business Operations, Strategies, and Customer Experiences

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Last updated: 2024/12/25 at 9:54 AM
Divya Dubey
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9 Min Read
Admir Masin
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Generative AI is transforming the way businesses operate, strategize, and engage with customers. As industries like transportation, telecommunications, finance, and healthcare integrate AI-powered solutions, they are witnessing a significant overhaul in processes and customer interactions. From streamlining complex tasks like data analysis to enabling hyper-personalized marketing and efficient customer service, Generative AI has become a pivotal tool for businesses seeking to stay competitive in today’s tech-driven landscape.

How can Generative AI help businesses streamline operations, enhance strategies, and deliver personalised customer experiences?

Generative AI has become a game-changer for businesses across Asia-Pacific, where AI adoption is already significant, with 69% of CEOs recognising its potential to drive differentiation and growth. In industries like transportation, telecommunications, finance, and healthcare, it is overhauling operations and enhancing customer experiences. Generative AI streamlines time-consuming tasks like data analysis, enables businesses to innovate, delivers exceptional customer experiences, and ensures competitiveness. It helps businesses achieve personalisation at scale by analysing customer data, such as purchase history or browsing behaviour, to create tailored marketing content. It also revolutionises content creation by generating product descriptions, explanation videos, and interactive demos, making it easier for customers to make informed decisions. By managing customer journeys more effectively, businesses can ensure meaningful engagement at every stage, from initial contact to post-purchase. Additionally, AI-powered chatbots and virtual assistants offer real-time customer support, improving response times and enhancing engagement.

What are some examples of how AI can accelerate workflows and empower marketers to craft data-driven strategies in real time?

AI empowers marketers by analysing customer data and market trends in real-time, offering actionable insights that enable quick decision-making. For example, AI-driven platforms can identify the optimal time to launch campaigns or suggest which audience segments to target, helping businesses remain agile and effective. This real-time capability allows marketers to adapt strategies dynamically, ensuring their campaigns are always relevant and impactful. By leveraging AI, marketing teams can craft data-driven strategies that maximise efficiency and deliver superior results. For instance, with our customer engagement solution, marketers can optimise outbound campaigns by predicting the best time and channel to interact with users, based on their MSISDN communication profile data.

How does Generative AI function as a strategic partner, offering predictive insights that help businesses identify opportunities and make informed decisions?

Generative AI acts as a strategic partner by delivering predictive insights that guide businesses in making informed decisions. It enhances customer journeys through hyper-personalisation, using data such as purchase history, browsing behaviour, and social media interactions to create highly relevant recommendations. For example, AI can generate targeted offers based on a customer’s intent, budget, or likelihood of purchase, helping businesses retain loyalty and boost spending. Generative AI also refines strategies by conducting A/B testing to identify what works best for each customer. Its ability to analyse data in real-time ensures personalisation is timely and impactful, building stronger connections with customers. By identifying patterns and predicting trends, AI helps businesses anticipate market demands, reduce risks, and seize opportunities.

What steps can Malaysian SMEs take to begin integrating AI into their systems, and how can they track measurable outcomes?

Malaysian SMEs can begin integrating AI with small, focused implementations, such as using chatbots for customer service or AI tools for inventory forecasting. At the most advanced level, these chatbots/AI assistants leverage Generative AI to engage in sophisticated, human-like conversations, adapting in real-time to user inputs and offering deep contextual understanding. AI assistants autonomously handle a wide range of user inquiries throughout the user journey, providing naturally flowing, human-like responses. Powered by a Large Language Model (LLM) and enhanced with Retrieval-Augmented Generation (RAG), they pull specific information from company documentation to provide accurate, customised responses. Setting clear, measurable goals, like improving response times or reducing operational costs, and tracking progress using performance metrics and customer feedback ensures tangible benefits. Starting with manageable use cases and monitoring outcomes helps SMEs build confidence in AI adoption.

How can businesses identify key areas where AI can make an impact, and what user-friendly tools are available to help them get started?

To successfully harness the potential of Generative AI, businesses should start by identifying key internal processes where AI can make a measurable difference. Before venturing into customer-facing applications, it’s wise to use Generative AI internally, allowing organisations to navigate the initial learning curve, make refinements, and develop expertise without risking their reputation or customer relationships.

A critical area to explore is improving access to information. Many businesses store vast amounts of data—ranging from historical product details to customer purchase histories and past interactions. Generative AI simplifies this by enabling employees to retrieve information through a conversational interface, eliminating the need for specialised knowledge. Generative AI also enhances product development by analysing data to identify trends and opportunities, giving businesses a competitive edge. Once proficient internally, organisations can expand to external applications, such as AI-powered chatbots and virtual assistants for customer service. These tools empower support teams, delivering faster resolutions, increased productivity, and higher customer satisfaction (CSAT).

Also Read: GoKardz NFC Cards and Accessories Now Available on Lazada – Revolutionizing Networking with a Click

Personalisation is another strength of Generative AI, leveraging data to create tailored experiences. By consolidating data from surveys, social media, and call transcripts, AI crafts effective campaigns and optimises them in real-time, saving time and maximising ROI.

Platforms like Infobip provide user-friendly AI tools for seamless integration, enabling businesses to start small, experiment, and scale AI initiatives effectively.

What are the risks businesses face if they delay adopting Generative AI in a tech-driven market?

Delaying AI adoption can hinder a business’s ability to compete, as competitors using AI deliver faster, more personalised services. This impacts customer satisfaction, revenue, and loyalty, making it crucial for businesses to stay ahead in the tech-driven landscape.

How do Infobip’s scalable and cost-effective AI solutions make it easy for businesses of any size to begin their AI journey?

Infobip offers scalable, cost-effective AI solutions that integrate seamlessly with existing systems. These tools enable organisations to start small and expand as they grow, providing budget-friendly options and a clear roadmap for confident AI adoption.

What are some key challenges that Malaysian SMEs face when adopting Generative AI, and how can Infobip help overcome them?

Malaysian SMEs face challenges such as limited budgets and technical expertise. Infobip addresses these with affordable solutions and dedicated support teams that guide SMEs through implementation. Expert conversational design teams build bots and ensure an optimal user experience, helping SMEs access AI benefits without steep learning curves.

Can you share examples of how Infobip’s AI solutions have helped businesses improve customer engagement and operational efficiency?

Infobip partnered with LAQO Insurance to enhance customer service through a digital assistant named Pavle, powered by Azure OpenAI Service and Infobip’s platform. Pavle handles 30% of queries, improving operational efficiency and enabling agents to focus on complex cases. This showcases how Infobip’s AI tools drive engagement and optimise workflows, delivering tangible improvements in service quality and efficiency.

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    DivyaDubey December 25, 2024 December 25, 2024
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