It is
beneficial for the companies to look at AI as a business capability
rather than technology. Broadly speaking, AI can support three important
business needs: automation of business processes, gaining business
insights through data analysis, and engaging with customers &
employees. Using AI Technology, businesses can gain the ability to:
AI in Retail:
Artificial Intelligence (AI) has become a key element in the
digitalization of in-store retail by personalizing the customer
experience and creating a more engaged business-to-consumer interaction.
For retail companies, AI creates an opportunity to bridge the gap
between virtual and physical sales channels.
AI in Manufacturing:
Artificial intelligence is a core element of the Industry 4.0 revolution
and is not limited to use cases from the production floor. AI
algorithms can also be used to optimize manufacturing supply chains,
helping companies anticipate market changes.
AI in Healthcare:
Artificial
intelligence (AI) in healthcare is the use of complex algorithms and
software to emulate human cognition in the analysis, interpretation, and
comprehension of complicated medical and healthcare data. Specifically,
AI is the ability of computer algorithms to approximate conclusions
without direct human input.
AI in Travel:
AI has
permeated almost every aspect of the travel industry. You encounter AI
in travel when you search for the best hotel deals, book flights and
plan your perfect trip itinerary. Now, thanks to developing technology
like artificial intelligence and machine learning, arranging excursions
is becoming even easier.
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