Rising Profits & Steady Costs: How to Increase Margins with AI
April 22, 2021
Increasing sales and the customer base for a specific product or service is a key strategic objective for the majority of today’s businesses. But achieving this goal often results in increased costs in areas such as customer service and maintenance, which can diminish returns and prevent the product from delivering as much profit and value as it is capable of.
To overcome these challenges, businesses must find ways to optimize their processes and stabilize costs while maintaining customer growth. One of the most effective solutions is leveraging AI sales software, including user profiling, and customer acquisition platforms to enhance efficiency and drive higher ROI.
The cost of stagnation: Why businesses can’t afford to delay AI adoption
A study by Harvard Business Review reveals that businesses must reduce operating costs by at least 8% and often up to 25% to avoid stagnation. Companies that rely on outdated, manual methods for customer acquisition and sales processes face mounting inefficiencies and resource wastage. Without adopting AI into their sales arsenal, businesses risk slower growth, higher costs, and a weakened competitive position.
A study by Harvard Business Review reveals that businesses must reduce operating costs by at least 8% and often up to 25% to avoid stagnation. Companies that rely on outdated, manual methods for customer acquisition and sales processes face mounting inefficiencies and resource wastage. Without adopting AI into their sales arsenal, businesses risk slower growth, higher costs, and a weakened competitive position.
Unlocking higher margins with AI sales tools
AI powered customer profiling can go far beyond standard analytics, offering hyper-accurate insights into customer tendencies and needs. For instance, the Intelygenz User Profiling tool lets you stay ahead of customer needs, so you can seize opportunities to drive up revenue.
Customer acquisition and retention is also something AI can transform to increase profit margins. Traditional tools often fail to unify acquisition and retention strategies, which means missed opportunities and customer churn. The Intelygenz Profitability solution is designed to drive significant revenue growth by optimizing sales efforts and reducing customer churn. Powered by advanced AI models, the solution identifies and scores high-potential leads, enabling your team to target new clients efficiently.
Whatever your business, the key to raising your profit margins with AI lies in strategic deployment— with the best tech for your particular challenge, a structured roadmap, and a solid framework for governance and data privacy. Whatever AI sales tools or customer acquisition software you’re bringing in, partnering with experienced providers ensures a fast start and maximized returns.