Latest news with #businessEfficiency
Entrepreneur
07-07-2025
- Business
- Entrepreneur
How to Use AI While Minimizing Environmental Harm
AI can significantly boost business efficiency and client experience, but its environmental impact, especially in energy and water use, is substantial. Opinions expressed by Entrepreneur contributors are their own. The use of artificial intelligence is on the rise across almost every industry, and the ways it can be used are expanding as we speak. AI can be tremendously beneficial across a variety of fields, but it can also have drawbacks — one of them being a substantial impact on the environment. The energy consumption required to power AI is significant. Power-hungry AI processors burn through a lot of energy quickly. Creating an image, for example, can use as much power as it takes to charge your phone. The infrastructure that supports this process also requires the use of other resources, such as water, to cool the systems and prevent overheating. An AI prompt uses as much water as a 16-ounce bottle for every 5-50 interactions. Despite the negative impact AI use has on the environment, it is not going away. It is becoming a necessity to be competitive in just about any market, so avoiding AI entirely isn't a practical option. The key is to be intentional: knowing when and how to use AI is vital to your business and to the planet. Related: World Environment Day 2025: Can AI Fix the Energy Problem It Helped Create? AI policies: What they are and how to use them We recommend implementing an AI policy in your company to guide your organization on when to use AI and when not to. This ensures your team's usage will align with company values, standards and legal requirements in order to maximize benefit. While providing this type of framework will not mitigate the environmental impact of your AI usage, it can give you more control over when you're making the environmental tradeoff of using AI. When and how should you use AI? AI is a part of the modern business environment, and there are a few ways in which it can have a maximal impact on your business, keeping you competitive while being selective about how you're impacting the environment. 1. Use AI to increase efficiency AI can drastically increase the efficiency of your team if used correctly. When used to take on mundane tasks, AI can eliminate human error and increase productivity. When entering data, for example, humans can easily make costly mistakes. AI does not make those types of mistakes and can also flag errors made by humans. The amount of efficiency that you can gain back using AI is critical to staying competitive in the market, so this is the best place to use AI in your business. 2. Use AI to enhance your team and client experience The use of AI to enhance the workplace experience of your team and the service experience of your customers can increase satisfaction for all parties involved. By reducing the time it takes to deal with the nitty gritty, humans can move on to more satisfying things that can increase happiness and productivity while giving your clients the seamless experience that your competitors will be rivaling via their use of AI-enhanced tools. AI-enhanced customer service experiences are becoming increasingly standard, with clients expecting quick and tailored service and responses. This is something that companies broadly will have to keep up with to stay competitive. On the team side, AI can help increase satisfaction in the workplace by streamlining communications, scheduling and resource management. While face-to-face teamwork is important, most employees would agree that too much of their time is spent in unnecessary meetings. No one will complain when your AI policy helps take the drudgery out of their day. Related: When AI Meets Climate When should you not use AI? When choosing how to implement AI into your business operations while minimizing your environmental impact, there are some key situations where using AI does not make sense. 1. Avoid AI simply "for fun" or for tasks that can be easily done without AI Most people would agree that AI has some fun uses, but it just isn't worth the environmental impact. For example, using AI to create images or videos that are not necessary is not a good use of resources. Using AI for basic research that could be found using other resources is not an efficient use of the technology, so rather than asking AI for help with every small task, your team's training should include the type of tasks that can be done without AI. Generating an entire presentation with AI, for example, rather than using existing templated slides, may not be the best environmental tradeoff. 2. Don't use AI for anything that requires nuanced communication or emotional intelligence AI doesn't yet understand how to handle delicate situations. Though the communication it generates can sound conversational, since AI is purely input-driven, it can often miss the context that sensitive matters require. Rely on your team's ability to handle these situations with tact, and therefore reduce your use of AI. 3. Don't use AI when it takes away from the human experience As valuable as AI is, your team is more valuable and should be your top priority. If your company's use of AI is taking away from the experience and learning of your humans, that is counterproductive. Your human team members should have the opportunity to learn how to do tasks before handing them over to AI. If they don't have the chance to build the skills foundational to their job, they are missing out on experience that could benefit their future, your company and the field at large. For example, while doctors with years of experience can benefit greatly from using AI to look at medical scans, a resident should have the opportunity to develop an eye so that they know what to look for when making a diagnosis. Related: Your Electricity Bill Is Going Up Thanks to AI — Even If You've Never Used ChatGPT: 'Higher Bills for Everyday Households' The AI field continues to grow and change by the day, so plan to regularly monitor and educate yourself on the ongoing impact of AI on the environment, quality of the tools and the competitive landscape of AI use in your industry, and update your AI policy accordingly. If you implement AI use in your organization in an intentional way, you can reap the benefits and avoid overusing the technology, which will help reduce your company's environmental impact while staying relevant.
Khaleej Times
20-06-2025
- Business
- Khaleej Times
CozmoX AI rolls taxi campaign showcasing Voice AI as the future of business
The city-wide campaign redefines business efficiency, highlighting how scalable voice AI teams are reshaping daily workflows in the UAE's innovation-driven economy CozmoX AI, a UAE-based artificial intelligence firm, has launched a striking new campaign across Dubai and Sharjah using branded taxis to introduce the region to its next-generation AI employees - technology built to fundamentally change how businesses operate. The campaign features the eye-catching slogan " Your next employee is not human" and aims to highlight the company's flagship product: voice-enabled AI employees capable of executing complex business tasks across multiple sectors, from sales and customer service to collections and scheduling. By leveraging Dubai's fast-moving urban landscape, CozmoX is using this out-of-home initiative to drive mass awareness around the benefits of integrating AI into daily business workflows. The branded taxis are designed not just to advertise, but to start a conversation around what the modern workforce looks like in an AI-powered economy. AI that talks, listens, and works - like a real team member Unlike simple bots or virtual assistants, CozmoX AI employees offer natural, real-time voice interaction supported by deep contextual understanding. They can be deployed instantly and operate seamlessly within systems like HubSpot, Zoho, Salesforce, and Slack. Whether it's qualifying leads, negotiating payments, booking appointments, or sending automated reports, these voice AI employees handle the full lifecycle of customer interaction and internal workflow. Their design reflects a deep commitment to enterprise functionality while retaining the conversational fluency of human representatives. "We call them AI employees, not agents, because they don't just run scripts, they own outcomes. They sell, support, follow up, and even recover revenue. They behave like real team members, not tools, and that's what makes them transformative for businesses of all sizes, and specifically enterprises." said Nuha Hashem, CoFounder of CozmoX. Dubai: The launchpad for smart enterprise The UAE has long positioned itself at the forefront of digital transformation, with government initiatives and private sector investments propelling AI into mainstream adoption. CozmoX's choice to unveil its platform via a mobile, visual campaign is a nod to Dubai's dynamic tech ecosystem and openness to disruptive innovation. The campaign has already gained traction on social platforms, where users have posted their reactions after calling the AI employees directly - many expressing surprise at how human-like and efficient the interactions were. The new frontier in business efficiency As companies across the region look to enhance productivity while keeping costs in check, the CozmoX model is resonating with forward-thinking executives. The ability to deploy scalable voice AI teams without increasing headcount positions the platform as a viable solution for startups, SMEs, and large enterprises alike. CoFounder, Alok Kumar also said "Repetitive jobs which do not require human intelligence will be eliminated by AI, so humans can focus on creative and productive jobs. Just like the dot-com era, jobs will evolve, and more meaningful ones will be created. That's why we architected CozmoX AI from the ground up like an operating system for voice automation; real-time, memory-aware, and built to scale across industries. It's a new layer of infrastructure for how work gets done." CozmoX is currently onboarding businesses across the UAE and beyond. From major players in insurance and financial services to leading organizations in healthcare, semi-government, and F&B, CozmoX is already live and driving impact across key sectors in the UAE and internationally. As the demand for smarter, more scalable operational models continues to grow, CozmoX is steadily onboarding ambitious businesses that are rethinking how work gets done. The company welcomes forward-looking organizations to connect and explore the possibilities of what voice AI can unlock for their operations.
Irish Times
18-06-2025
- Business
- Irish Times
Ireland slides in world ranking of most competitive economies
Ireland's competitiveness has slumped more than any other country in the top 20, bar Australia, over the past year, according to the latest IMD World Competitiveness Centre's annual report. The report measured 69 global economies in 2025, assessing government efficiency, infrastructure, economic performance and business efficiency. Canada, Germany, and Luxembourg showed the greatest improvements in the among the 20 most competitive economies worldwide while Australia and Ireland showed the greatest declines. Ireland fell three places in the rankings from fourth to seventh. It enjoyed a ranking as high as second in 2023. Australia fell five places to 18th this year. READ MORE Ireland's biggest drop was in terms of 'business efficiency' where it sank from third to 11th. Within that subset, the most significant dip was in terms of 'productivity and efficiency' where it fell 16 places to 22nd. Switzerland reclaimed the top spot (up one place), followed closely by Singapore (down one) and Hong Kong SAR (up two), 'reflecting their strong performance in global indicators of quality of life', the report said. The report added that Ireland and the Netherlands, though still within the top 10, 'show signs of strain in productivity and investment flows, likely the result of the volatility of global capital and the importance of sustained innovation'. 'Small, agile European economies continue to demonstrate that size is not the determining factor of economic competitiveness if governance is effective and policy is coherent,' it said. IMD director Arturo Bris said: 'The top 10 economies all maintain strong institutional frameworks, robust infrastructure and adaptive governance models, which is what is required to remain competitive in today's fragmented world in which currency risk has become a strategic priority, together with protecting domestic needs.'
Geek Girl Authority
26-05-2025
- Business
- Geek Girl Authority
The Benefits of Telecom Expense Management
Telecommunications is vital for businesses in the digital age, influencing operations, communications, and productivity. As companies grow and technology evolves, the necessity to manage the complexities of telecom expenses becomes paramount. Effective telecom expense management can lead to substantial savings, better resource allocation, and increased operational efficiency. This article will explore the multifaceted benefits and critical aspects of telecom expense management as an essential tool for modern businesses. Keep reading to understand how it can revolutionize your company's telecommunications strategy. Streamlining Billing Processes with Effective Telecom Expense Management The monthly influx of telecom bills can be daunting for any size of business, especially when dealing with multiple service providers. TEM offers an organized approach to managing these bills, ensuring that businesses only pay for the services they use. This approach involves auditing bills for accuracy, disputing incorrect charges, and keeping a record of all transactions to ensure transparency. A key aspect of telecom expense management is standardizing the billing process. By setting up consistent procedures and software for processing invoices, businesses reduce the likelihood of errors and save time. Such streamlining ultimately leads to enhanced efficiency in internal operations and financial clarity. One of the major advantages that TEM brings to the billing process is automated invoice management. Automation reduces the administrative burden and mitigates the risk associated with human error. Through meticulous invoice reviews and contract optimizations, telecom expense management consistently proves to be a cost-saving measure. Furthermore, TEM can help organizations allocate costs back to the appropriate departments or cost centers. This fair allocation ensures that departments remain responsible for their usage, encouraging a culture of accountability and responsible spending within the company. How Telecom Expense Management Contributes to Cost Reduction and Budget Management Adopting telecom expense management directly benefits businesses by allowing them to cut unnecessary costs. By meticulously analyzing usage data and identifying redundant services, TEM helps companies tailor their telecom services to their needs, reducing waste. This aspect alone can carve out significant savings from the budget allocated to telecommunications. Aside from eliminating superfluous expenses, TEM also plays a crucial role in budget management. It allows businesses to forecast future costs more accurately, paramount for informed financial planning. Having a clear idea of what to expect regarding telecom expenses enables better cash flow management and strategic budgeting. Cost reduction through telecom expense management also comes from renegotiating contracts based on usage patterns and leveraging competitive bids from different providers. With vital information at their fingertips, businesses are in a stronger position to negotiate more favorable terms. Effective TEM ensures that expenses are consistently reviewed and optimized, allowing businesses to adjust to market changes and emerging technology. This optimization guarantees that the company is always on the front foot, never overcommitting to services that don't yield a good return on investment. Enhancing Visibility and Control Over Telecommunications Spending Visibility is one of the primary components of telecom expense management. By presenting detailed reports and analytics on telecom spending, TEM solutions offer a clear line of sight into where the money goes. This aspect of business intelligence is crucial for management to make informed decisions. With the aid of TEM, executives can gain control over their telecommunications budget by tracking real-time data and spotting trends that can lead to more efficient resource use. When telecommunication expenditures are visible and controllable, they discourage frivolous use and promote a cost-conscious culture among employees. Control over telecom spending also entails imposing policies that ensure the optimized use of telecommunication resources. TEM provides the framework for implementing such policies and ensures compliance by monitoring usage against these benchmarks. In effect, it is a preventive and corrective measure for spending irregularities. Management teams are better equipped to identify areas of improvement, root out inefficiencies, and redirect funds to areas with higher returns. Enhanced visibility and control, therefore, not only help curb overspending but also empower managers to drive their telecommunication strategies proactively. Altogether, effective telecom expense management is critical for businesses seeking to optimize their telecommunications strategies. By enhancing visibility, controlling costs, and streamlining processes, organizations can achieve significant savings and foster a culture of accountability and efficiency. 5 Retellings of Classic Stories You Need to Read Related: Fantasy Books Bridgerton Fans Need To Read
