Skip to main content
ROI, Analyzing Return on Investment Concept. Businessman with digital icons representing ROI analysis, graphs, percentages, and financial symbols, emphasizing investment strategy, financial management

How to Choose the Right AI Applications for Your Business

Written by spacityadmin on . Posted in AI, Consulting, Latest News. 1 Comment on How to Choose the Right AI Applications for Your Business

Artificial intelligence, or AI, is revolutionizing modern business operations. It has become a critical tool for improving productivity, creating efficiencies, and increasing profits.

design-sprints-about

Jeff Oskin Headshot

Jeff Oskin

Owner

Artificial intelligence, or AI, is revolutionizing modern business operations. It has become a critical tool for improving productivity, creating efficiencies, and increasing profits. Advances in AI technology have made it easier than ever for businesses of all sizes and industries to leverage its capabilities. However, with so many AI applications available on the market today, choosing the right ones for your business can be a daunting task. As AI business consulting experts, we will walk you through the key factors to consider when selecting AI applications for your business. These are the same guidelines Newlogiq uses when helping our clients evaluate and implement AI solutions.

Identify Your Business Needs

Before embarking on the journey to finding the right AI application for your business, you need to assess your business needs. Ask yourself, what are the specific problems I want to solve in my business with AI technology? Identifying your business needs will help you narrow down your options and choose an AI application that addresses those specific pain points. For instance, if you’re running an e-commerce business, then product recommendation engines or chatbots may be the right AI solutions for you.

Consider Industry-Specific Applications

AI is not a one-size-fits-all solution; some applications are tailored for specific industries. When researching AI applications, it is crucial to evaluate industry-specific solutions that are built to address the unique challenges of your sector. For example, healthcare providers may find AI-powered diagnostics and treatment path recommendations systems useful. Similarly, manufacturing companies may benefit from AI applications that promote predictive maintenance and quality control. Look for vendors who provide a free trial period or demos so you can test the product’s effectiveness. Implementing an AI application without testing it first can have serious repercussions and add to your already high costs.

Consider Customization Capabilities

Every business is unique, which means its AI application requirements may also be unique. When selecting AI solutions, consider how much they can be customized to meet your business needs. AI applications that have modular designs or open APIs can be easily customized to suit your needs and are more flexible for the future. These AI solutions that can adapt and grow with your business can save you significant costs and headaches over the long term.

Assess the Quality of the Vendor

Choosing the right AI vendor is as important as choosing the right AI application. Take time to research vendors and consider aspects such as their customer service, technical expertise, and level of experience in your industry. Focus on vendors with established reputations, track records of success, and on-time delivery. You need to understand how long they have been in business and what experience they have in developing and deploying AI solutions. You should also check if they have a proven track record of delivering successful outcomes to businesses similar to yours.

Ensure Security and Data Privacy

As the use of AI grows in organizations, data security and privacy have become a critical concern. When selecting AI applications, ensure that the vendor’s data handling policies meet your organization’s security and privacy requirements. The application must be able to handle sensitive data securely, and the vendor must have a plan for dealing with data breaches.

Design for Scalability

As your business grows, its AI needs will evolve, and your AI applications must scale with your business. Thus, it is essential to select AI applications that are designed with scalability in mind. This means that the applications can process an increasing volume of data and users without compromising performance or accuracy. Therefore, when researching AI applications, it is essential to inquire how scalable the solutions are and how the vendor plans to manage increased demand.

Assess Integration Capabilities

Another critical factor to consider when selecting AI applications is integration capabilities. The AI application you choose should seamlessly integrate with your existing software and platforms. This will prevent unnecessary disruptions to your business operations and help you realize the benefits of AI applications more quickly. Consequently, it is crucial to inquire about integration capabilities before selecting an AI application.

Conclusion

In conclusion, selecting the right AI applications for your business can be a massive undertaking with many factors to consider. Choosing the right AI applications for your business is a critical decision as it has the potential to transform your operations, increase productivity, and boost revenue growth. However, by focusing on identifying your business needs, evaluating vendor expertise, evaluating industry-specific AI applications, assessing customization capabilities, ensuring data security and privacy, and overall integration capabilities you’ll be one step ahead in the selection process. Keep an open mind and be willing to experiment with different AI applications before finding the perfect fit. Lastly, remember that choosing the right AI application is a journey and not a destination, so be prepared to continually assess your AI applications as your business evolves. By doing so, you’re sure to leverage the full potential of AI and drive business success.

Choosing and implementing the right AI tools that yield high ROI is a specialization of Newlogiq. We encourage you to reach out and setup an introductory session to discuss how we can help you get on the “AI bandwagon” while ensuring a strong business return.

Back to Homepage

Latest Articles

Continue reading

The Value of a Strong Management Team for Small to Mid-Sized Business Success

Written by spacityadmin on . Posted in Coaching, HR, Latest News, Leadership.

Leadership Teams Matter

In today’s competitive business landscape, success depends on more than just a unique idea or a hard-working entrepreneur. As a CEO or business owner, it can be difficult to wear many hats and run every facet of your business. The decision-making and management responsibilities can be overwhelming. Not only are you responsible for leading the charge, but you are also responsible for vision creation, employee management, resource allocation, and strategizing. Therefore, it’s essential to have a strong management team by your side. Through this blog post, we’ll highlight the value of developing a solid management team and the impact it can have on your businesses’ success.

Continue reading

Practical Artificial Intelligence (AI) Advice for Business Owners – Part 5

Written by spacityadmin on . Posted in AI, Business, Latest News.

Zapier: The Ultimate Artificial Intelligence Automation Tool for Small to Mid-sized Businesses

Learn How Zapier Can Bring Automation to Your Business

This is the fifth and final blog post in the Newlogiq series that discusses artificial intelligence applications that actually deliver value for small-to-mid-sized business owners. Our tool today, Zapier, aims to stitch together many of the AI applications we’ve previously covered with other non-AI applications that likely exist in our business (e.g. Hubspot, Salesforce, Quickbooks, Sage) into logical business flows that radically improve productivity. The goal is to automate many of your day-to-day business operations, freeing up time for you to focus on the big picture. In this blog post, we’ll take a closer look at the features and benefits of Zapier for small to mid-sized businesses.

Continue reading

Practical Artificial Intelligence (AI) Advice for Business Owners – Part 4

Written by spacityadmin on . Posted in AI, Business, Latest News.

ElevenLabs: The Future of Text-to-Speech

ElevenLabs Audio Interface

This blog post is the fourth in a 5-part Newlogiq series that will discuss artificial intelligence applications that actually deliver value for small-to-mid-sized business owners. In today’s digital age, audio content is more important than ever. People are consuming more and more audio content, from podcasts to audiobooks to music. This trend is only going to continue in the future. In response, ElevenLabs has launched an AI-powered text-to-speech platform that is perfect for businesses and individuals.

Continue reading

Practical Artificial Intelligence (AI) Advice for Business Owners – Part 3

Written by spacityadmin on . Posted in AI, Business, Latest News, Sales.

Uncovering the Benefits of Seamless.ai for Small-to-Midsized Business Owners

Seamless.AI Intuitive User Interface

This blog post is the third in a 5-part Newlogiq series that will discuss artificial intelligence applications that actually deliver value for small-to-mid-sized business owners. In today’s business world, finding the leads and prospects is half the battle to success. But, getting accurate information about those leads and prospects is the other half of the equation that is just as important. And that’s why Seamless.ai is vital to any small or medium-sized business looking to grow its customer base. Deemed as the leading platform for accurate lead generation and prospecting, Seamless.ai allows businesses to make the most out of their sales efforts.

With a plethora of valuable features that includes sentiment analysis, and other such benefits, it is no surprise that businesses are flocking to use Seamless.ai to ramp up their growth. In this blog post, we will uncover the benefits of Seamless.ai that are geared specifically towards small-to-mid-sized businesses.

Continue reading

Digital brain. Artificial intelligence, Brain science, Nervous system, Human mind, Neurology network, Modern education, Medicine technology, AI system concept. 3d vector illustration

The Science of Habit Formation: How Long Does It Take to Develop a New Habit?

Written by spacityadmin on . Posted in Business, Coaching, Latest News, Leadership.

There is a widespread belief that it takes 21 days to form a new habit.

design-sprints-about

Jeff Oskin Headshot

Jeff Oskin

Owner

Executive Coaching Aides in Habit Forming

There is a widespread belief that it takes 21 days to form a new habit. This notion is often attributed to Dr. Maxwell Maltz, a plastic surgeon in the 1950s who noticed his patients seemed to acclimate to their new faces or limbs after approximately 21 days. However, modern psychology and neuroscience have a more nuanced understanding of this process.

Breaking Down Habit Formation

A habit is a routine of behavior that is repeated regularly and tends to occur subconsciously. Habits are integral parts of our daily lives, influencing everything from our morning routines to our professional tasks. They can be good (like exercising regularly) or bad (like excessive screen time). Regardless of whether we aim to develop new habits or change old ones, understanding the timeline of habit formation can be beneficial, especially when working on habits as part of an executive coaching process.

The Myth of 21 Days

The “21-day rule” is somewhat of a misconception. Dr. Maltz’s observation was more anecdotal than empirical, and he himself stated that “it requires a minimum of about 21 days for an old mental image to dissolve.” This became misinterpreted over time, leading to the widespread belief in the 21-day rule.

The Real Timeframe for Habit Formation

In a 2009 study published in the European Journal of Social Psychology, researchers Phillippa Lally and colleagues from University College London set out to determine how long it really takes to form a habit. Over 96 participants chose an eating, drinking, or activity behavior to carry out daily in the same context for 12 weeks, while they reported on whether or not they did the behavior and how automatic it felt.

The study concluded that, on average, it takes 66 days for a habit to become automatic or habitual, but the range can be anywhere from 18 to 254 days. It’s a stark contrast to the catchy 21-day rule, and it underscores the importance of perseverance when trying to form a new habit.

Factors Influencing Habit Formation

The duration of habit formation can vary considerably depending on several factors:

  1. The complexity of the habit: Simpler habits like drinking a glass of water after waking up are easier to form than complex ones like a 1-hour workout each morning.
  2. Individual differences: People’s personalities, behaviors, and attitudes can influence how quickly they form habits. Some people are naturally more inclined towards routine and consistency, while others might struggle.
  3. Consistency: The more consistently you perform the behavior, the quicker it will become a habit. Habits form by creating a new neural pathway in your brain, and each time you repeat the behavior, you’re reinforcing this pathway.
  4. Motivation and commitment: If you are highly motivated and committed to the habit, you are more likely to stick with it, leading to faster habit formation.

The Importance of Patience and Perseverance

Regardless of how long it takes, the key takeaway is that habit formation is a process, not an event. It’s vital not to be discouraged if a new habit doesn’t stick after 21 days or even after 66 days and this is where an executive coach can really assist your efforts. By partnering with a good executive coach, they will help you focus on the progress made and help you understand that setbacks are a normal part of the process. The path to successful habit formation is rarely a straight line, but with patience, perseverance, and a good coach, the desired change is achievable.

Conclusion

Developing a new habit through executive coaching varies widely based on the complexity of the habit, individual differences, consistency in executing the habit, and one’s motivation and commitment, taking a considerable amount of time and effort. Instead of focusing on a set number of days, it’s critical to concentrate on the process of habit formation. Executive coaching should acknowledge small victories, learn from setbacks, stay patient, persistent, and track the progress, keeping an assessment chart handy to gauge the development of the habit. Whether it’s developing new leadership skills, refining business processes or enhancing communication skills, executives who commit to habit formation are more likely to achieve the outcomes they seek. Contact Newlogiq today to learn how our coaching process supports long-term habit formation.

Back to Homepage

Latest Articles

Continue reading

Practical Artificial Intelligence (AI) Advice for Business Owners – Part 2

Written by spacityadmin on . Posted in AI, Business, Consulting, Latest News.

Discover Synthesia.IO: The Revolutionary Video Platform for Small Businesses

Introduction

This blog post is the second in a 5-part Newlogiq series that will discuss artificial intelligence applications that actually deliver value for small-to-mid-sized business owners. In the digital era we live in, video content plays a crucial role in businesses. Video marketing is one of the fastest-growing forms of advertising, and businesses that fail to leverage this strategy can quickly fall behind. Yet, creating high-quality videos requires an enormous investment of time, resources, and money. Or at least, it was so until Synthesia.IO arrived. Synthesia.IO is an AI-powered video platform that allows small-to-mid-sized businesses to create professional marketing videos in just a few minutes, without any prior technical experience. In this blog post, we’ll explore some of the features and benefits of Synthesia.IO, and how it can help CEOs and business owners take their marketing efforts to the next level.

Created with Synthesia.IO

Continue reading

Practical Artificial Intelligence (AI) Advice for Business Owners – Part 1

Written by spacityadmin on . Posted in AI, Consulting, Latest News.

Introduction

The buzz and hype surrounding artificial intelligence (AI) is off-the-charts, yet the question many business owners are asking themselves is how do I actually improve my business through AI. This blog post from Newlogiq is the first in a 5-part series that will discuss artificial-intelligence applications that actually deliver value for small-to-mid-sized business owners.  Our first tool will focus on your marketing content and on-line presence – Jasper.AI.

In today’s competitive business landscape, creating high-quality content is more important than ever. As a small to medium-sized business owner, you know that your online presence and the quality of your content can make or break your success. This is where Jasper.AI comes in. This powerful Artificial Intelligence (AI) tool is designed to revolutionize the way businesses create and manage their content. In this blog post, we will explore the benefits of using Jasper.AI for small to medium-sized businesses and how it can help you stay ahead of the competition.

Continue reading

A Whitepaper: Executive Coaching at Newlogic

Written by spacityadmin on . Posted in Coaching, Latest News, Leadership, Whitepaper.

Jeff Oskin Headshot

Jeff Oskin

Owner

Whitepaper_Front

Many small-to-mid-sized businesses face a common challenge: the development of a strong leadership team below the chief executive. Often, individuals are promoted to leadership positions because of their exceptional skills in a particular area, but they lack the necessary formal leadership training to excel in their new role.

As a result, businesses struggle to reach their full potential, and chief executives may stress about a transition plan for the organization. At Newlogiq, we understand these challenges and have developed an executive coaching process designed to help businesses address this issue.

With years of coaching experience, we know that strong leadership is key to a company’s success. Our approach is designed to provide comprehensive training and support to leaders at all levels, helping them to grow and develop the skills necessary to drive business growth and success.

In this paper, we will outline the Newlogiq executive coaching process and its benefits for business owners and their staff. Executive coaching is a process that aims to enhance the performance and potential of business leaders, including CEOs, entrepreneurs, and executives. The coaching process is a personalized, one-on-one approach that focuses on addressing specific challenges, improving skills, and achieving goals. The Newlogiq approach is based upon the 20 bad habits as defined in Marshall Goldsmith’s book, “What Got You Here Won’t Get You There.”

To Read the Entire Whitepaper, Please Complete this Form:

Back to Homepage

Latest Articles

Continue reading

Grow Your Business Value with Executive Coaching

Written by spacityadmin on . Posted in Business, HR, Latest News, Leadership.

Executive coaching is a specialized form of coaching that focuses on the development of skills and competencies of senior leaders and executives. The purpose of executive coaching is to help leaders achieve their goals, improve their performance, and enhance their leadership abilities. Executive coaching is a powerful tool that can provide numerous benefits for both individuals and organizations. In this blogpost, we will explore the importance of executive coaching and how it can positively impact organizations.

Continue reading