AI uses cases
The main focus is on improving the customer experience and increasing productivity, but there are other benefits as well. For example, the company may be able to reduce costs by automating certain tasks or increase revenue by selling data they have collected from customers.
Companies should make sure they have a plan in place before implementing AI into their business. It is important that they know what goals they want to achieve with AI and how it will impact employees. Here are some examples in which AI has been utilized across different industries:
Marketing
Marketers have always been innovators and now AI(ex. Google Analytics) is giving them the ability to be even more creative. Marketing campaigns are becoming more personalized as marketers are using AI to target their audience in a more precise way.
AI also helps marketers with their data-driven decision-making process, by giving them insights into what content is working and what content needs to be improved.
AI has helped marketers in so many different ways that it’s hard to name them all, but we can say for sure that AI is going to continue changing the marketing industry as we know it.
Finance and Banking
Banks are using AI in order to provide better customer service and make more accurate predictions. One of the most popular examples is the chatbot that helps customers with their banking needs. They can answer questions about their accounts, give advice on how to manage their finances, and even make appointments for them.
The future of banking will be dictated by AI. It will be a mix of humans and machines working together to offer the best possible service to customers.
Healthcare
AI is being used in healthcare to diagnose and treat patients. It is also used in medical research, drug discovery, and medical education. AI can be applied to a wide range of tasks in healthcare, including imaging analysis, patient triage and scheduling, predictive analytics for diseases or treatment outcomes, and even personalized medicine based on the DNA of the patient.
Besides, AI can provide automated feedback when a doctor or nurse performs an operation. It can also help doctors make decisions about treatments by analyzing data from medical records and scans. Other than that, we can use it to predict which patients are at risk of developing certain conditions or it may be able to identify unusual symptoms that might require further investigation.
Currently, the Fourth Industrial Revolution is continuing(4IR). Every sector is being revolutionized by artificial intelligence, machine learning, data analytics, automation, and deep learning technologies, which also present amazing business potential. Universities, tech behemoths, and governments have already entered the race. Utilizing the new technologies allows businesses to improve their bottom line, obtain significant competitive advantages, and even become market leaders in their respective industries.