What is Agentic AI?
It is a system that has multistep reasoning and planning. We can call it a Fundamental Advance in the field of Artificial Intelligence. Agentic AI is AI having its own Agency. Characteristics:
1) It can perceive and understand the context of circumstances and use cases
2) It has a reasoning ability for solving problems.
3) It can plan actions and take actions on its own(autonomous).
4) It can use tools, has knowledge and memory
5) It consists of one or more AI agents.
Examples:
1) Using online tools for creating React Native apps similar to to do list.
2) Travel Assistants
3) Using Agentic AI to plan onboarding meeting for new interns
Agentic AI in Leads Generation and Automation:
1) Realtime decision making by tracking and analyzing trends in market , inventories, customer behavior ,etc. And acts accordingly
2) Manage inventory intelligently to prevent over stock, out of stock etc. scenarios
3) Smartly adjust prices by making updates according to market pattern, competition, local demand ,etc.
4) Provide personalized customer interactions to boost engagement
5) Make supply chain resilient by analyzing disruptions in shipments and reroutes them
6) To predict potential customers that are more likely to convert
7) We can take help of AI-driven ads and emails to do marketing to reach more customers
8) Provide services of Automated CRM(Customer Relationship Management) updates
Agentic AI for Boosting Revenue:
1) Businesses can use AI tools for SEO Optimization so that their business/shop appears on Google
2) We can build recommendation engines that provide personalized offers to existing customers
3) To do marketing, we can use AI-powered ads to reach local audience which is a cost-efficient and time-saving approach
4) Inventory management and customer support can be automated using AI which is cost saving.
Examples:
1) AI Language Tutor:
Brilliant use of Agentic AI to provide language tutor 24/7 which is easily accessible to customers. Revenue can be generated by providing subscriptions, providing free trial initially to build hype and then charge for required module wise services.
2) Customer Feedback Analyzer:
This Agentic AI system finds patterns and analyzes customer’s responses and suggestions which is very important for product managers. It automates the this tedious and repetitive task. It provides Automated feedback analysis, sentiment analysis and also categorizes feedbacks.
Conclusion:
Agentic AI is a revolutionary and intelligent system that will be used immensely in upcoming decades for making retails operations smarter and faster, for boosting revenue and for strengthening the business. By identifying the real-life problems and setbacks and building Agentic AI systems /tools for them , we can bring positive impact on the company
