AI Development

Software

Business Revenue

The artificial intelligence (AI) platform software market grew rapidly in 2023 and is project to maintain its remarkable momentum, driven by the increasing adoption of AI in many industries. These technologies driven motivation, from revolutionizing traditional coding tasks to improving the efficiency of the entire development life cycle. Artificial Intelligence (AI), especially generative AI (gen AI) and Large Language Models (LLM), simplifies the development cycle by automating key steps, from ideation and requirements gathering to coding and testing.

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The drive to explore enterprise AI was initially inspired by a fear of being left behind is now starting to subside. In fact, business and technology leaders are shifting their focus from experiments to practical problems : “How can Artificial Intelligence (AI) drive revenue?” That question will become increasingly important as financial expectations rise.

Artificial Intelligence (AI) is revolutionizing the software development process by introducing tools and techniques that increase productivity, accuracy, and innovation. From automating code generations to optimizing testing and deployment, Artificial Intelligence (AI) is reshaping the way software is designed, built, and maintained.

Some of the benefits that we can get from developing Artificial Intelligence (AI) in software are as follows:

  • Automation of Repetitive Tasks
    The first benefit of developing Artificial Intelligence is the automation of repetitive tasks. AI-powered tools can help developers by automatically generating snippets of code or entire functions, which significantly reduces development time. This automation allows developers to focus on high-levels tasks such as problem solving and architectural design, rather than coding, bug-detection, and testing.
     
  • Improved Software Quality
    In this benefit, AI detects bugs, vulnerabilities and inefficiencies early in the development cycle. Artificial Intelligence (AI) can analyze large data sets project historical trends, and provide more accurate predictions regarding schedules, resources, allocation, and feature prioritization. This capability results in better project management and more efficient use of time and resources.
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  • Democratization of Software Development
    Through no-code and low-code platforms, non-technical users can build and customize applications that use AI without requiring in-depth programming skills. The platform enables business professionals, product managers and other stakeholders to create solutions tailored to their needs.
     
  • The Following is the Last Benefit of Artificial Intelligence
    Here’s the final benefit where Artificial Intelligence (AI) can personalize applications in real time and offer customized recommendations, interfaces and features by analyzing user behavior and preferences. These capabilities result in higher user satisfaction and better engagement, making AI an asset in delivering more intuitive ad easy-to-use software products.

Meanwhile, software development has a significant positive impact in increasing efficiency, service quality, innovation and productivity. This really helps organizations to be able to keep up with technological developments and achieve better business goals.

Some of the advantages in software development will be briefly described as follows:

  1. Increased Business Efficiency
    The first advantage in software development automates repetitive tasks, thereby saving time and human labor. Advantage in software development optimizes business processes, ensuring more efficient use of resources, so that cost waste can be prevented.
     
  2. Improved Service Quality
    The next advantage in software development is personalizing service according to user preferences, increasing user satisfaction and quality of experience, making it easier to carry out real-time monitoring and improvements. Real-time monitoring of services and quick detection of problems for immediate repair, thereby improving overall service quality.
     
  3. Technological Innovation
    The following advantages in software development encourage the creation of new products and services that can bring innovation to the market and meet evolving needs. This software development process enables the integration of the latest technologies, helping organizations to stay relevant and competitive in ever-changing market
     
  4. Increase Productivity
    The final advantage in software development is creating special productivity tools that help employees perform tasks more quickly and effectively, thereby enabling effective collaboration. So this collaborative application makes team work easier, increase coordination and productivity of team members in achieving common goals.
     

Here are several ways companies can increase revenue through the application of AI:

  1. Increase sales
    Virtual assistants and chatbots using AI can help organizations generate sales. Some examples include furniture retailer IKEA launching a generative AI tool for its customers. Ikea’s AI virtual assistants lets user design living room and shop for furniture. Additionally there is a jewelry insurance company, creating a GenAI-based customer service chatbot that has reduced cancellation rates on chat inquiries. Lower cancellations rates reflect more successful customer interactions, potentially increasing sales.
     
  2. Reduce Customer Churn
    AI enables client retention, reduces revenue losses and improves their customer lifetime value metrics. In capacity, AI can profile the attributes of business’s customer base, leveraging historical data about departed customers. This information allows managers to identify at-risk mission. This technology offers a higher level of personalization when incorporated into AIpowered chatbots and contact centers. When business transform customer experiences, the result is lower churn rates.
     
  3. Strengthening Recommendations Engines
    Artificial Intelligence (AI) algorithms can examine customer data on previous purchases to individualize product recommendations with greater precision. This increased personalization provides a key business benefit of AI: the ability to cross-sell and up-sell new products and services to customers more easily. Recommendation engines also encourage users to linger on social media platforms, which in turn attracts advertisers.
     
  4. Accelerate Marketing Strategy
    Marketing may not directly generate, but effective practise will support the sales funnel. Generative AI’s ability to quickly create content can help organizations produce marketing materials ranging from newsletter to video ads. Marketing can leverage the benefits of Artificial Intelligence (AI) personalization to create marketing messages tailored to customer interest.
     
  5. Detecting Fraud
    If there is suspicious activity, it will be immediately detected by Artificial Intelligence (AI) and will immediately stop payments to fraudsters, thereby maintaining revenue growth. Financial services companies typically use in AI in this capacity. One example is Capital One, which uses machine learning algorithms to spot anomalies and ward of credit and fraud. Additionally e-commerce companies use ML to target fraudulent orders. The technology’s ability to identify patterns in user behavior lends itself to such fraud detection use cases.
     
  6. Developing New Products and Services
    AI can help companies create new products and speed up development cycles. AI can also speed up the delivery of digital products. AI coding assistants have helped companies in speeding up software development by 20% more. The result is faster time to market for customer-facing and revenue-generating applications.
     
  7. Provides Predictive Maintenance
    Equipment downtime in areas such as manufacturing and fleet management results in lost revenue. Predictive maintenance, which is among the top ML use cases, identifies equipment that is close to failure. These insights allow plant managers to schedule downtime to perform repairs, avoiding outages and missed delivery schedules.
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Conclusion

One of the trusted Bandung software houses is BTS.id (Bridge Technology Service). BTS.id is a company that operates in the field of software development and IT solutions, so manufacturing industry in Indonesia will be greatly helped and facilitate work operations while increasing data accuracy as a reference for large quantity reports

As a software house, BTS.id develops applications, creates software tailored to clients’ specific needs, provides services to maintain, update and repair software. Bys.id as a software house accepts technology consultations, so it can help you find the best and most appropriate technology solutions according to your business needs. What are you waiting for? Contact us now!