Harnessing AI for Business Growth and Employee Wellbeing
Table of Contents:
AI for Business Growth
Employers Have a Lot to Consider
AI is No Longer a Luxury - It's a Necessity
Don't Miss Out
AI For Business Growth
Harnessing AI for Business Growth and employee Wellbeing. AI is no longer just a buzzword; it’s a necessity. One that is reshaping industries across the globe and has played an increasingly crucial role in driving company success. Whether used to improve operational efficiency or create personalized experiences for customers or employees, it’s clear that AI is quickly becoming a tool that many businesses can’t ignore.
More and more companies, regardless of size, are incorporating AI into their businesses. According to a recent survey, 80% of companies considered AI a primary focus in 2024 and over two-thirds are preparing to adopt AI technologies worldwide over the next few years. It won’t be long before companies that aren’t using AI begin to fall behind.
With services like chatbots, predictive analytics, and marketing automation, small businesses can compete more effectively without going over budget—a shift that can level the playing field between large and small employers. For example, a smaller accounting firm could use AI-powered tools to automate bookkeeping tasks, detect fraud, and provide financial insights for clients, allowing the business to compete with larger firms more easily.
However, as companies integrate AI into their operations, it’s essential that the approach aligns with their core values and mission. Care should be taken to ensure transparency in data collection, protect customer privacy, and prevent bias in decision-making processes. As AI technologies become more common, companies must balance innovation with responsibility, ensuring the use of AI leads to positive social and economic outcomes.
Employers have a lot to consider.
When used responsibly, organizations can utilize AI to improve employee engagement and benefits utilization by providing the most suitable benefits for each member—at the right time. For example, AI-driven tools integrated with a company’s HR system could predict the need for maternity leave, childcare benefits or health insurance adjustments for an employee who has reported they are expecting. The system could check eligibility criteria and automatically send the employee reminders and notifications to ensure they get access to the benefits they are entitled to—when they need them.
Whether using an AI chat that can help employees choose a plan that covers a specific medication they are on—and estimate the costs—or allow employees to search the healthcare network to determine whether their providers are covered under their health plan, these new technologies can offer 24-hour support and create more personalized, efficient, and user-friendly experiences for employees.
AI is no longer a luxury—it’s a necessity. Don’t get left behind.
This year, Conner Insurance’s annual NextGen Healthcare Summit is hosting a valuable workshop about AI in business. The summit, AI at Work: Executable Strategies to Improve Business Functions, offers interactive workshops, expert insights from industry leaders and networking opportunities for those looking to learn more about utilizing AI in their business.
Don’t miss out! Sign up today.
As technology continues to evolve, adopting these innovative solutions is essential to staying competitive and meeting the growing demands of employees.
Don’t get left behind—embrace the future of employee benefits today! If you would like to learn more, don’t hesitate to reach out.
