AI

Artificial intelligence has grown to a large extent that almost every industry and all kinds of businesses in different parts of the globe have efficiently adopted it. According to Markets and Markets, the AI market is expected to be worth USD309.6 billion by 2026. AI and other disruptive technologies like machine learning, and advanced analytics are boosting business revenue in different ways. Industries including healthcare, retail, banking, and education have successfully embedded AI. The capabilities of this disruptive technology range from automating repetitive tasks to streamlining supply chain operations and even delivering intelligent business decisions. Machine learning with AI capabilities has enabled advanced data analytics, by processing huge loads of data and generating business insights. This has also led to predictive analytics and early risk assessments. A subset o AI, Robotic Process Automation aids in automating basic rule-based functions in an enterprise. 

AI is hailed for providing a wide range of benefits. It includes personalization of services, improves customer experience, streamlining the hiring process, automated customer interaction, real-time data insights, and many more. The incorporation of artificial intelligence has had a huge impact on customer service. Conversational AI as a technology has increased personalized customer interactions and improved user experience through Natural Language Processing. Chatbots, voice bots, and virtual voice assistants are a crucial part of today’s businesses. AI has also boosted targeted marketing and personalized services in eCommerce websites.  A company with enough data, AI needs, modern infrastructure, and a culture driven by innovation can easily adopt Artificial intelligence. 

But how pricey are these innovative technologies? Not many businesses will have big pockets to buy and install expensive technologies and IT infrastructures. As AI is a relatively modern tech and is hailed for its unconventional capabilities, it might come out as really pricey. As AI is increasingly being commercialized these days, there are budget-friendly options around. Although, businesses can identify their Artificial intelligence needs and estimate their budgets accordingly to choose the right technology. If you are planning to adopt AI technology cost-effectively, here are a few affordable tools.

Flow XO

It is a chatbot development platform that provides a no-code interface. Flow XO offers pre-filter leads, a virtual welcome mat that gathers information through validating questions and answers, live chat, payment processing, answering various queries from users and clients, and even light entertainment and humour. It can streamline customer interaction and can be integrated with multi-channels. Flow XO can be started with a free plan and then upgraded to a standard plan priced at USD19 per month. The free plan accommodates more than 500 interactions.

Chata.ai

The platform allows companies to gain business insights through data analytics, with seamless access to data and insights. It can be integrated with accounting applications like Xero and QuickBooks to ensure faster insights. Its AutoQL system is a scalable text-to-SQL API that integrates conversational AI and business intelligence into a software application. Chata.ai enables to build of customized reports and easy generation of the cash flow forecast. The platform is free with limitations and has a standard plan priced at USD20 a month.

Zia by Zoho

Businesses can leverage Zia, a digital assistant by Zoho, a cloud application platform. Zoho customers can use Zia to add personalized recommendations for customers, create chatbots, alert customer issues, dictate notes to CRM, and data augmentation on the leads. Zoho’s pricing is different for different products. It offers an affordable plan for CRM at USD12 per month. There are Ultimate plans also, which are priced at USD100.

Microsoft Power Automate

It enables companies to build efficient workflows and enables the automation of repetitive tasks. It is easy to integrate and work on even without knowledge of codes. Microsoft Power Automate provides both per-user and per-flow licenses and the most affordable plan is priced at USD15 per month.