AI ISN’T JUST FOR SERVICE AND IT FIRMS
The federal market for Artificial Intelligence (AI) solutions is in the midst of an exponential expansion. While most of the discussion has been about how this technology can be used to improve the delivery of IT solutions and related services to government agencies, AI can, in fact, impact all types of government contractors. Contractors are already using AI to assist in their federal market research to develop better business plans. According to FedBizAccess.com, AI algorithms can analyze previous successful bids and identify patterns and strategies that have been effective. This information can then be used to help contractors craft better proposals that are more likely to win contracts. Post-award, AI technology can be applied to ensure optimized outcomes and good project management. AI can help in other areas as well. Internal company use of AI can help streamline common operations, just as it is in government. Workflow mapping and process design are two other potential areas where AI solutions can be applied to reduce overhead and costs while improving efficiency. That could enable a company to spend more time pursuing customers and creating relationships. Non-IT and service companies may also be able to integrate AI into those sales and marketing operations by using auto-generated advertising and selling points. Furniture companies can use AI to generate better design plans. VA contractors can apply AI technology to develop better products and diagnostic processes. While some of this technology is currently in its infancy so, too, were cell phones when they first came out. In time, AI-generated material may be as common as the smart phones of today. No contractor should ignore the potential benefits of AI on both their internal and external operations. There is nothing artificial about taking the steps necessary to grow your federal business.