Artificial intelligence is often considered a complex creation for businesses to implement and take full potential out of it. Artificial intelligence as technology was largely unexplored until recent times.
Since the last three years, there has been immense growth in the ways enterprises have started building up their cognitive capabilities in today’s time. Implementing the right artificial intelligence solutions will aid businesses in meeting their organization’s future goals and plans.
Applying modern solutions in the form of machine learning, artificial intelligence helps businesses operationalize most of the functions and automate them for easy functioning.
Here are a few ways, AI solutions benefit businesses:
With the right implementation of custom machine learning models and other AI-based solutions, businesses can easily automate the various departments: finance, marketing, sales, customer service, human resource, and more to increase productivity. Since AI-based solutions are characterized by computing accuracy and quick processing, it allows businesses to operate faster and grow at greater speed.
- Enterprise Efficiency
Building predictive models allow enterprises to gain more significant insights into customer behavior. Enterprises can choose from a variety of AI-based software solutions across the board; it helps businesses derive insights from high-volume data and other tools. Among all the merits of implementing artificial intelligence solutions, having quick access to a large amount of analyzed data is the best. It helps the stakeholders make quick but informed decisions. Other features include – predictive machine learning models, sentiment analysis, raw data management, data analysis management, and more.
- Business Security
Artificial intelligence and machine learning to an extent have turned essential to the security of information in organizations. These technologies can analyze huge chunks of data and are efficient enough to track cyber-attacks along with the ability to sort them out.
AI software possesses the capability to reduce operational costs, improve output, and productivity by executing desired AI solutions within the organization. According to some reports, the use of AI has grown fourfold in recent years. A few reasons for this growth are – Predictive sales, Reviewing and Extracting Information, Implementing Chatbots, AI Tools, and more.
Industry-specific use case of AI
- Healthcare: The healthcare industry is the most sort-after industry for the implementation of AI solutions. AI is used to analyze comprehensive data of patients. This study helps healthcare institutions to understand patient patterns and share insights, which cannot be done humanly. AI also helps doctors to study and customize treatments from patient to patient.
- Financial Service: It is very critical for financial institutions to implement artificial intelligence solutions within their financial infrastructure. Modern-day frauds and hacking are hard to trace and even harder to recover lost money. AI is also used in helping financial institutions to track and manage their customers’ wealth aids in tracking loan approvals and recoveries, among the plethora of financial services.
- Industrial Application: AI as an industrial application is relatively a new concept that is now gaining a lot of traction in recent years. In the current scenario, it is used to track machinery use and predict any upcoming issues, and more. It is also deployed in factories to increase efficiency with quality.
- Transportation: The most recent and notable use of AI is the innovation of self-driving vehicles, as they gain navigation experience by themselves. The other uses are tracking road violations, traffic flow analysis, road condition monitoring, and more.
The aforementioned use case of AI in businesses and industrial applicability are just a few; there is a gamut of use cases available besides the above. Experts at Clairvoyant would love to hear from you on how we can help your organization implement the right AI solutions for your business and help your enterprise accelerate in meeting the organizational goals.