Artificial intelligence (AI) is rapidly transforming business strategy. From enabling data-driven decision-making to automating routine processes, AI-powered tools empower organizations of all sizes to achieve new levels of efficiency and productivity.
As AI continues to permeate the business world, it’s important for leaders to understand the top artificial intelligence tools available and how they can leverage these technologies to drive tangible results. In this article, we’ll explore five of the best AI tools for businesses, including OnBoard, highlighting their key features, use cases, and the unique benefits they provide.
What is Artificial Intelligence?
Artificial intelligence (AI) is a rapidly advancing technology that enables machines to mimic human intelligence by learning from data and making informed decisions. AI is already part of our daily routines, from virtual assistants like Siri managing our schedules to Netflix analyzing our viewing habits to recommend new shows.
In business, AI has many applications, including:
- Data-driven decision-making: Processes and analyzes data, providing insights to help organizations assess performance and align governance practices.
- Risk management and fraud detection: Enables real-time monitoring, helping companies identify risky patterns and detect fraud through analysis of large data sets.
- Predictive analytics for strategic planning: Using historical data, AI forecasts trends to aid organizations in making strategic, long-term decisions.
- Automating routine reporting and compliance: Streamlines repetitive tasks like reporting and compliance tracking, automatically adjusting to regulatory changes and flagging potential issues
- Meeting minutes: Uses speech recognition and natural language processing to create accurately transcribed meeting minutes in near-real time
Efficiently track and document board decisions with our Meeting Minutes Template
Best Artificial Intelligence Tools for Business
The best AI tools on the market for businesses include the following:
1. OnBoard
OnBoard, a meeting management platform for boards of directors, has long offered powerful features that enable board members to work smarter, move faster, and achieve more for the organizations they serve. By leveraging AI, OnBoard takes that support to the next level.
For example, Automated Minutes transcribes meeting minutes accurately in real time, allowing board members to focus on the meeting. The capability can then analyze the most important information from the transcript and create a concise, accurate summary.
Intelligent Assistant, available via a chat or voice interface, provides instant, relevant insights to enhance decision-making and streamline board management. Simply ask questions and the tool scans relevant board materials and documents of any size or length to provide accurate and timely answers.
The best part is your board’s data and information remains secure and confidential — never leaving your board’s unique OnBoard instance or being used to train or improve AI models.
2. Grammarly
Grammarly is an AI-powered writing assistant that helps users improve their grammar, spelling, and overall writing quality. By analyzing text and providing real-time feedback, Grammarly can help businesses and professionals communicate more effectively in emails, reports, and other written materials.
3. DALL-E 2
Generative artificial intelligence companies such as DALL-E offer the advantage of rapid, cost-effective visual creations. This tool enhances creativity and efficiency by allowing companies to quickly visualize concepts without the need for extensive graphic design resources. On the other hand, AI image generation may also lead to ethical concerns regarding copyright, originality, and the potential misuse in misinformation.
4. Notion
Notion is an all-in-one workspace platform that combines many project management tasks. The versatile note-taking and collaboration tool leverages AI to enhance productivity and organization. Its AI-powered features include automatic formatting, smart search, and task-tracking capabilities that help teams work more efficiently.
5. ClickUp
ClickUp is a project management platform that incorporates AI-driven features to improve workflow efficiency and task management. Its AI-powered recommendations, automation, and analytics capabilities can help businesses streamline their operations and stay on top of their goals.
OnBoard AI Powers Effective Board Meetings
OnBoard stands out among other companies utilizing artificial intelligence strategies by integrating a comprehensive suite of features specifically designed for board management as well as artificial intelligence governance controls, allowing the user to decide when and how to leverage AI.
OnBoard features include secure document sharing, integration with Microsoft 365, meeting facilitation, and real-time collaboration all in one platform. It is also equipped with robust security features so you can rest easy knowing your organization is protected.
Unlike other AI tools that may focus on singular functionalities, OnBoard’s holistic approach enhances governance efficiency and engagement, making it invaluable to board members and the stakeholders they serve.
Check out our free Board Management Software Buyer’s Guide to learn what to consider before investing in board management software.
The comprehensive blueprint for selecting a results-driven board management vendor.
Ready to upgrade your board’s effectiveness with OnBoard’s board intelligence platform? Schedule a demo or request a free trial.
About The Author
- Adam Wire is a Content Marketing Manager at OnBoard who joined the company in 2021. A Ball State University graduate, Adam worked in various content marketing roles at Angi, USA Football, and Adult & Child Health following a 12-year career in newspapers. His favorite part of the job is problem-solving and helping teammates achieve their goals. He lives in Indianapolis with his wife and two dogs. He’s an avid sports fan and foodie who also enjoys lawn and yard work and running.
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