AI Security
How AI Can Improve Customer Experience in SMEs
In today’s competitive business landscape, many small and medium businesses struggle to prioritize customer experience to leverage their products and services. With AI being one of the key assets for business growth in 2023, there are many ways to leverage AI to improve customer experience, sales, and productivity in your company. According to a report in Forbes, 64% of business owners think that AI can improve customer relationships. In this guide, we’ll talk about how AI can assist in the development and improvement of customer experience in SMEs and how your business can utilise it.
How AI Can Improve Customer Experience: 5 Ways
How we use customer and sales data depends on AI. The AI can help us collect customer data, as well as analyze it for better marketing and business strategies. Here are 5 ways that can help you improve customer experience with the help of machine learning and AI.
Data-driven Virtual Assistants
Implementing AI-powered VAs can be extremely valuable for the overall service your business provides. It can cut costs and reduce wait times so your customers and clients have faster access to solutions to their problems.
AI VAs can be available on multiple platforms and guide your customers to the solution to their issues. In case the issue is too complex, it can be referred to the human customer service agent.
Having a virtual assistant powered by AI can be a great asset for a business that operates globally and can help address overworked customer support agents that are often overwhelmed by the volume of work.
Chatbots
Another way how AI can improve customer experience in SMEs is by implementing chatbots on your website. It is another way to make it easier on customer service personnel, especially if your business is small and struggles to provide round-the-clock support due to limited resources.
Chatbots are already not uncommon, especially with service providers and online stores. But, with advanced AI systems based on LLMS (Large Language Models), they’re now even more improved, and able to converse almost naturally.
AI-powered chatbots can help you collect emails, appointment dates, order numbers, and other repetitive data, while your human customer service can focus on more time-sensitive and complex tasks.
Use Sentiment Analysis
Sentiment analysis is a powerful tool you can use when creating a marketing strategy for your business. It enables marketing managers to develop strategies that resonate with their potential customers and clients.
Understanding customer feedback is one of the best ways how AI can improve customer experience in SMEs. By identifying behavioral patterns and trends in customer sentiment, SMEs can proactively address issues and improve customer satisfaction.
Predictive Analytics for Demand Forecasting
AI can help SME owners analyse customer behavior and demand based on their previous purchases, shopping cart contents, wish list, and browsing patterns. Analysing this behaviour can also help managers choose the right time to start sales and introduce new products and services.
Predictive analytics is also helpful in providing businesses with valuable insights, allowing them to optimise inventory management and influence demand patterns. By leveraging AI’s predictive abilities, SMEs can reduce costs, improve resource allocation and enhance customer satisfaction.
Enhanced Cybersecurity Measures
If you’re wondering how AI can improve customer experience in SMEs by improving the cybersecurity of your website and other assets, it’s simply because customers will appreciate knowing that their data is safe and confidential.
Maintaining robust cybersecurity is crucial for protecting customer data and ensuring their trust in SMEs. AI can enhance cybersecurity measures by monitoring network traffic and identifying and mitigating potential threats. AI is also successful at detecting anomalies that can hint at security and data breaches.
By leveraging AI-powered security systems, SMEs can enhance their ability to protect customer data, ensuring top-notch customer experience.
Conclusion
AI enables SMEs to deliver tailored and seamless experiences to their customers and clients. By implementing chatbots and AI-powered virtual assistants, as well as a streamlined e-commerce experience, positive customer feedback and satisfaction are guaranteed. Identifying how AI can improve customer experience in SMEs is crucial for leveling the playing field and competing with larger enterprises while creating long-lasting customer relationships and trust.
AI Security
AI Tools for Website Security
As technology continues to make complex things simpler, it brings about new challenges that we must face and overcome. Many small and medium enterprises face various obstacles in dealing with the proper security of their digital assets. This is because providing effective cybersecurity entails significant costs that some companies or startups cannot afford. However, AI has developed integrated technology that can assist people in defending against cyber attacks.
You might wonder how AI can protect you when it also opens avenues for numerous security threats. However, the latest technological advancements have provided opportunities for everyone to detect and respond to threats more efficiently, reducing vulnerabilities and strengthening defences. In this post, we will explore the benefits of using AI-powered security products and how they can assist SMEs like yours in staying ahead of the competition.
Signal Science
Web application security is of utmost importance for SMEs to protect their online assets, and customer data, and maintain brand reputation. SMEs often face challenges such as limited resources and expertise to address vulnerabilities like cross-site scripting, SQL injections, and data breaches.
To tackle these problems and safeguard all data, Signal Sciences introduce a form of AI security filtration that allows to handle and detect unexpected or irregular actions that may suggest a potential attack by analyzing traffic from an online application.
Signal Sciences’ AI algorithms have the capability to proactively block suspicious activities and offer comprehensive security against various threats. By strengthening the website and enabling rapid response to issues, Signal Sciences builds trust among customers by ensuring that the website does not go offline. Signal Sciences assists small and medium enterprises in securing their websites and protecting against emerging threats. This minimizes potential downtime, allowing customers to access the web application without interruptions. Ultimately, deploying Signal Sciences demonstrates SMEs’ commitment to safeguarding their data and providing a secure online environment for their customers.
Darktrace’s Enterprise Immune System
Due to a lack of sufficient security architecture, young organizations are vulnerable to attacks such as malware, ransomware, and data breaches. However, Darktrace’s Enterprise Immune technology is a superb technology that monitors networks using artificial intelligence.
To detect anything unusual, it monitors network traffic, how users use the network and data flow. The machine-learning algorithms used by Darktrace detect anomalies and potential risks in real-time, allowing SMEs to respond quickly and efficiently.
Moreover, Darktrace provides various benefits, such as early threat identification, faster incident response, proactive protection, and enhanced network security. It acts as a superhero for SMEs, defending and protecting their digital assets.
Exabeam
User Behavior Analytics is an important factor in understanding and gaining insights into the activities of a tech business. Moreover, continuous user monitoring, the risk associated with continuous user monitoring is also high as it tracks user activities that can lead to unauthorized access. This is where Exabeam becomes useful. Exabeam’s Enterprise Immune System is designed to address the security concerns faced by businesses like yours. It achieves this by analysing user behaviour and identifying what constitutes normal activity.
Then, using advanced machine learning techniques, it maintains a close eye out for any deviations or anomalies. This means Exabeam can detect insider threats, compromised accounts, and suspicious activity rapidly, providing you with early detection and security. But wait, there’s more! Exabeam also simplifies issue response and investigation by delivering automatic insights that save you time and effort. With Exabeam, you’ll have better visibility into user behaviour, a stronger security posture, and the ability to secure sensitive data and important systems proactively.
Digital Guardian
With exposure to new technologies, the chances of losing important information or stealing are also high. This is where Digital Guardian comes in place. It basically becomes your digital guardian to analyze data access patterns, user activity, and even content context. This means they can detect suspicious activity fast and stop data exfiltration attempts in their tracks.
With Digital Guardian on your side, you’ll have complete control over your data security, ensuring that your sensitive information is kept safe and secure. With the coverage of extensive data usage visibility, providing you with vital insights into how your data is accessed and used you can rely on Digital Guardian as your ultimate data protection ally.
Recorded Future
Recorded Future is built around the concept of threat intelligence which is the technology of collecting and analyzing large amounts of threat data, providing SMEs with actionable intelligence to help them stay ahead of their adversaries. It excels at identifying new risks, providing contextualized information about possible attackers, and providing timely suggestions for effective incident response by leveraging AI and machine learning algorithms.
It’s not simply about identifying the evil side in everything. Recorded Future goes above and beyond by providing knowledge about potential attackers and quick incident response advice. They are really concerned with providing SMEs with the tools they require to take effective action.
SMEs may use Recorded Future’s platform to prioritize risks, increase security, and make informed decisions to keep threats at bay. It’s all about staying one step ahead of the game and reducing risks like a pro. With this SMEs can have access to advanced threat intelligence capabilities, providing themselves with the knowledge and resources they need to stay one step ahead of the ever-changing cybersecurity landscape.
Barracuda Sentinel
You’ve probably heard of phishing emails and spear-phishing attacks. Barracuda Sentinel is a fantastic email security tool that employs artificial intelligence to keep your inbox safe. The strength of Barracuda Sentinel is its ability to detect and warn even the most sophisticated assaults that may bypass typical email security solutions. It protects users from fraudulent schemes by evaluating false domain names and suspicious attachments.
Furthermore, Barracuda Sentinel’s AI-powered email security solution constantly adapts to emerging threats, ensuring proactive defence against thieves’ ever-evolving techniques. Individuals and companies may traverse their email exchanges with confidence, knowing they are protected by cutting-edge technology, by employing Barracuda Sentinel’s strong security features.
Okta Adaptive MFA
Okta Adaptive MFA is a game changer in how it may transform Identity and Access Management for small and medium-sized organizations. IAM is important for assuring secure and authorized access to organizational resources, which is where Okta Adaptive MFA’s AI capabilities come in.
It establishes the proper authentication level for each user by studying user behaviour, location, and device information. This dynamic technique improves security while reducing the hazards of compromised credentials. The comprehensive characteristics of Okta Adaptive MFA set it distinct. It provides intelligent risk-based authentication, which means it can evaluate the level of risk associated with each authentication attempt and adjust accordingly. Furthermore, it interacts perfectly with your existing IAM infrastructure, making it extremely simple for SMEs to install.
Okta Adaptive MFA is definitely worth investigating if you’re an SME trying to enhance your security game and protect sensitive data. It’s like having a wise and trustworthy guardian who assists you in improving your security posture.
Dome9 Arc by Check Point
Let’s take a look at Check Point’s Dome9 Arc and how it may give small and medium-sized businesses a major edge in cloud security. Dome9 Arc uses AI algorithms to evaluate cloud settings, detect misconfigurations, and deliver real-time security insights. It’s like having a cloud security expert at your disposal.
SMEs may proactively discover and address risks in their cloud infrastructure using Dome9 Arc’s AI capabilities. This allows you to keep ahead of the competition while still ensuring the integrity and compliance of your cloud environment. No more concerns about security flaws.
Along with this, you get to see automated security assessments, allowing you to evaluate the status of your cloud security on a regular basis. It also enforces constant compliance, so you can rest assured that you are meeting all of the relevant standards. Not to mention the streamlined cloud security procedures, which make managing and maintaining a secure cloud environment a snap.
For better security, it’s best if you include Dome9 Arc by Check Point. It protects against emerging risks and assists you in creating a robust and resilient cloud environment.
Conclusion
As you read, you must have realized how AI can act as a reliable security guardian, monitoring your website 24/7. These AI tools effectively address a wide range of website security concerns, including threat detection and prevention to keep malicious attacks at bay. They also focus on securing web applications and ensuring comprehensive website protection.
In addition, user behaviour analytics are utilized to detect any suspicious activities, while data loss protection remains a critical aspect. These tools provide you with the necessary security measures. Leveraging AI for website security is truly a game changer for SMEs in this evolving digital world. It empowers you to safeguard your online assets, maintain a strong and secure digital presence, and enjoy peaceful nights knowing that your website is in capable hands.
General Advice
AI in SMEs: How to Prepare for the Future of Work?
Artificial intelligence is transforming the way different businesses operate, and that’s just the beginning of AI revolution. Many business owners are brainstorming whether there’s a place for AI in SMEs, and how it will shape the future of work and employment in those businesses.
Many people are concerned that with rapid AI development, roles and professions that are today crucial to businesses will become obsolete. That’s not without a reason because of the way AI is being promoted in media and the fact it can simplify so many daily tasks that’d normally take hours.
New AI tools emerge every day, from OpenAI’s ChatGPT and Google Bard to thousands of other AI-powered tools that can generate images, videos, summarize meetings, YouTube videos, and even write a research study.
According to research published by Jobbio, many people who are employed full-time are scared of the potential threat of AI for their jobs. According to data obtained for the research, around one-fifth of workers in The USA think that their jobs will no longer exist within the next ten years.
Instead of looking at it as a threat, small to medium enterprises should look for ways to implement AI in a way that can help them organize their workflow and improve productivity. Continue reading to learn how to use AI in SMEs to prepare for the future of work.
5 Ways to Use AI in SMEs to Prepare for the Future
As of 2022, there are 5.5 million SMEs in the UK, which makes up about 99.9% of the private sector, according to government data. Here’s how to leverage AI in SMEs and make better results.
Invest in AI Training
To use AI effectively the members of your organization will need to learn how to use it properly. You can do this through workshops, crash courses, bootcamps, and other forms of education. All SMEs should prioritize education and training within their workforce.
Developing AI literacy among your employees is the crucial step towards the effective use of AI in SMEs because it can help them identify where AI adds the most value to their work. This initiative can help foster innovation, identify AI use cases and cultivate a culture of continuous learning.
Maximize Workflow Automation
Many tools in the past allowed employees to automate their workflow, making it more effective. However, the integration of different AI tools available on the market can help maximize it. That said, AI in SMEs is quite important for automation.
According to research by Accenture, people will be able to focus on “exceptional work” which includes the non-routine tasks that generate more than 80% of value. In other words, the use of AI surpasses the traditional automation tools used in the past.
With the ability to automate even more tasks, even the non-routine ones, employees will be able to increase efficiency and focus on more strategic and creative endeavors.
Prioritize Data-driven Decision Making
AI is powered by data, and as such, it can help SMEs use it to make informed, data-driven decisions. But, to use business data as fuel for AI, businesses need to recognize the value in data and establish robust data management practices and policies.
SMEs can use data to get insights into customer behaviors and predict market trends as well as operational flaws and inefficiencies that maximize the loss and hold the company back from reaching its objectives. Using AI to identify potential security and privacy flaws can help establish firm security and privacy measures and adhere to data regulation.
That way, AI in SMEs can help build customer and stakeholder trust.
Invest in an Open AI Culture
SMEs shouldn’t see AI as a threat to job security but rather foster an open AI culture among teams and other employees.
It’s important to foster a culture where both humans and machines collaborate, making the job smoother, more effective, and more efficient. AI is designed to augment human performance and allow employees to work smarter while identifying weaknesses they can address to turn into strengths.
SMEs should encourage employees to explore the capabilities of AI and different AI-fueled solutions that can complement their work performance. AI in SMEs can lead to innovative and creative solutions as well as increased productivity which can be used for projects in the future.
Automate the HR
Have you ever heard of the term HAIR? It refers to automated human resources, leading to faster processing of large volumes of candidate data in efforts to find candidates that are more suitable for different positions.
It’s important to educate HR managers and the rest of the HR department on how to set an automated environment in a way that will allow them to analyze performance and other metrics regarding employment. HR managers will also need to analyze and explore ways to tell the AI performance apart from human work.
Conclusion
The AI revolution has started, and we’re yet to see the peak of AI in SMEs. One thing is for sure, SMEs will need to optimize AI in order to stay competitive in the market. The age of AI will bring even more SMEs forward that will know how to harness the power of AI to get on top of the industry.
By investing in AI education, training, and adaptability, and embracing automation SMEs will be more than prepared for the AI-driven future.
AI Security
What Does AI Mean in the Context of Security?
As technology continues to advance, new threats are emerging all the time. Cyber attacks are currently a major source of concern for both individuals and enterprises. Anomalies, phishing, malware, and data breaches are just a few examples of cybersecurity attacks. While Security built on AI can protect you from these threats, how can these systems detect and stop malicious attacks?
In this article, we’ll learn about the challenges and solutions of AI in cybersecurity. Read on
The Role of Artificial Intelligence in Security Technologies
Artificial Intelligence is a powerful solution for detecting security-related threats, vulnerabilities and attacks. Modern technologies and security systems such as cyber incident response, home security systems, CCTV cameras, and credit card fraud detection use AI algorithms to keep their capabilities up to date. Security technologies utilize AI algorithms for multiple activities. These include recognizing patterns and signals, detecting unusual behaviour patterns, and searching for malicious activity. By incorporating AI, security systems can improve their effectiveness in various areas, and better protection against potential threats.
How AI can detect and prevent threats
AI has the potential to catch and prevent malicious threats.
- Defence Against Phishing Attacks – Just as AI makes everyday tasks painless, it also makes cybercriminal operations easier. Cybercriminals employ strategies to create phishing emails with accurate grammar and spelling. Phishing is an attack designed to steal sensitive data from a targeted company or a victim, such as a credit card or social security number. They may use deepfake audio or video to mimic a trusted individual and get their work merely by transferring funds into their account.
To protect against AI-powered phishing attacks, cybersecurity experts bring an upgraded algorithm to a system that focuses on recognizing patterns from vast piles and will detect unusual behaviour and anomalies. These AI algorithms should then be incorporated into every mobile phone, including offline devices. In addition, individuals and businesses are increasingly using deepfake detection tools that detect and combat deep fakes. These AI features make it valuable in detecting phishing emails, spam, and viruses.
- Network anomaly detection – Another vital point for using AI security in large-scale networks is monitoring and detecting abnormal patterns and behaviours. Without AI, this is just a complex task as well as a time-consuming process for humans.
For example, eExplainable Artificial Intelligence (XAI) techniques are an anomaly detection strategy that provides transparency and interpretability.
- Recognize zero-day threats – AI-powered threat intelligence platforms enhance the identification and mitigation of zero-day exploits. Attackers are utilizing unknown-natured zero-day attacks that include polymorphic worms, viruses, Trojans, network attacks, and other malware.
With AI, the analysis of data from many endpoints becomes quicker and more effective, enabling early detection of zero-day threats before an attack occurs. The AI-powered Intrusion Detection Systems (IDS) detect any unusual or malicious traffic over regular traffic entering a network.
- Maintaining signature-based malware defences up to date – AI can aid in the process of updating signature-based malware detection systems. Antivirus and firewall products follow signature-based detection techniques, an integral part of security systems. This makes it possible to stop risky actions before they can cause any damage.
- Monitors encrypted network traffic without violating privacy or encryption protocols – As people’s need for personal privacy and data protection increases, encrypted traffic has become prevalent in the cyber world. However, traffic encryption also protects against malicious and illegal traffic introduced by adversaries.
AI systems are trained to detect illegal traffic encryption and execute pattern recognition using advanced algorithms. As a result, AI-based techniques have emerged as an essential direction for detecting encrypted malicious traffic.
- Using GANs to generate realistic synthetic data for safe sharing – AI recommends generative adversarial networks (GANs) when data privacy is required and the generated data is vulnerable to attacks from savvy attackers. Synthetic data is an effective tool, especially when the required data is limited or there is uncertainty about how to share it with the concerned parties. The feature of GANs is to produce photorealistic pictures and videos. GAN is made up of two components, the generator, and the discriminator. The generator is responsible for creating new samples similar to the training data. On the other hand, the discriminator is responsible for separating the generated samples from the actual training data.
Cybersecurity training with AI reinforcement learning
Reinforcement learning is an independent, self-teaching system that practically learns by trial and error to achieve the best outcomes.
It is a machine-learning approach where the agents are taught to make a series of decisions. From this training, models or agents can obey instructions, perform tests, operate equipment, and much more.
For example, we may teach an RL agent to perform a penetration test or “hack” an API. Organizations can use this technology to both proactively and reactively assess the security of their apps. Gamification is a well-known example of reinforcing learning since it offers actual or virtual rewards to acknowledge positive security actions taken by employees. It can make security entertaining and even competitive.
Addressing Security and Privacy Challenges in AI Applications
Due to the risk of data breaches and cyberattacks on the ethical implication of AI decision-making, we must cooperate to understand and avoid the risks of AI despite reaping its benefits.
- One of the most serious problems regarding AI’s privacy and security is the handling of personal data. If it’s not managed correctly, it could lose sensitive information in the wrong hands, thus, it will become a panic situation.
- Another problem is the possibility of hacking or manipulation of AI systems. As AI systems become more complex and independent, cyber-attack threats arise.
- Apart from security concerns, there are some ethical concerns regarding AI decision-making. AI systems can make biased or prejudiced decisions that may result in biased cures of people, and groups, worsening existing social inequities.
To conquer these challenges, the AI system should build with a solid foundation of privacy and security standards. It should contain personal data security standards such as encryption & secure data storage and strategies for dealing with data breaches and cyberattacks. It is also important that AI decision-making systems are transparent and responsible to detect and settle discrimination.
Conclusion
Artificial Intelligence is an effective technique for finding vulnerabilities, threats, and attacks in the cyberspace environment. Security-specific AI can continuously detect and analyze massive amounts of data, look for malicious activity, and provide necessary solutions. However, while there are tons of benefits of AI, it is inherently susceptible to data poisoning and manipulation, which compromises the integrity of its systems. Therefore, the system must improve AI effectiveness by doing the appropriate tasks on a regular basis, such as updating algorithms, adding new and fresh data, and refining current data.