Last week, JP Morgan CEO Jamie Dimon and Elon Musk made bold statements about the potential of artificial intelligence (AI) to revolutionize industries. However, the question remains: how can AI tools benefit businesses in the present moment? Numerous software companies, including Google, are integrating AI features into their business applications. Google recently rolled out Gemini, an AI Assistant for Workspace that automates tasks such as document creation and email writing, priced at $20-30 per month per user depending on the organization’s size. Additionally, a more affordable version at $10 per month per user offers five new AI tools.
One of the new AI tools available now in preview is Notes in Meet, which provides a full transcript and summary of Google Meet meetings, eliminating the need for manual note-taking. Translate For Me, launching in June, will automatically detect and translate captions in Meet in 69 languages. This feature will enhance global communication and connections among colleagues. Later this year, Google plans to introduce Chat Translations, offering automatic message translations and on-demand conversation summaries in Google Chat, streamlining communication with individuals who speak different languages.
In terms of security, Google now offers an AI tool that automatically classifies and protects sensitive files company-wide in Google Drive, priced at an additional $10 per user per month. This tool is particularly beneficial for IT teams but requires further investigation to determine its true value. Another upcoming AI tool, Vids, is an AI-powered video creation app that generates storyboards, edits scenes, and incorporates background music for effortless video design. While the effectiveness of this tool remains to be seen, it has the potential to evolve into a powerful marketing asset.
It is essential for users to exercise caution when utilizing AI tools, especially those labeled as “preview” or released in “Workspace Labs,” as these products may not be fully functional or ready for widespread use. Despite the early stages of development for some AI tools, companies like Google are under pressure to continuously innovate and release new products. By familiarizing themselves with these AI tools early on, businesses can position themselves to take advantage of advancements as they improve over time.
Ultimately, the integration of AI into business applications offers a range of potential benefits, from streamlining communication and enhancing productivity to automating tasks and improving security measures. While some AI tools may require further refinement before reaching their full potential, businesses that embrace these technologies early on stand to gain a competitive edge in an evolving digital landscape.
