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Application of Artificial Intelligence

Artificial Intelligence has several applications in real life such as Customer Service, Human Resources, Logistics, Ecommerce, and Cyber Security.

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Application of Artificial Intelligence

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  1. 5 Artificial Intelligence Applications:to optimize business.

  2. Artificial Intelligence: Interesting Facts • Christie's recently auctioned an AI generated portrait which was believed to be human-made by as many as 75% of its viewers. • It is estimated that by 2020, all customer digital assistant will recognize people by face and voice. • A University in Brussels has created self healing robots. This was a phenomenon limited to living organisms till now.

  3. So, you might wonder how can AI benefit daily operations and processes? • Following are 5 amazing applications of AI through which you can optimize common business processes:

  4. #1. Customer Service Management • Microsoft, Google, Amazon, and Apple have invested in AI Chatbot tools proving Chatbots are revolutionizing Customer Service. • AI Powered modern Chatbots can have human-like conversations with clients through natural language processing and speech recognition. • They provide analytics on various verticals in real time. Besides being available at all hours they are providing smooth, efficient and less cost-intensive customer support.

  5. #2. ECommerce • Online stores use product recommendation engines made using complex AI Algorithms. The more refined the AI based Algorithm the more accurate product recommendation suggestions for users will be. • Netflix and Amazon are ideal examples. They show how sales can improve with accurate suggestions based on user behavior.

  6. #3. Human Resource Management • A large part of recruiting can be automated through artificial intelligence applications using Machine learning algorithms. • Mundane jobs such as screening, paperwork and data entry can be done by AI applications. • This leaves the Human Resource team with time that can be better utilized on performing their core competencies.

  7. #4. Logistics • Consumers expect shorter delivery periods from retailers and retailers expect an even shorter one from manufacturers and distribution centers. • Concepts such as robotic picking systems and conveyor systems allow supply chains to function round the clock. • AI is helping stakeholders track their logistics in a comprehensive manner. At every stage of the supply chain stock can be monitored for damage, delay, fraud and more.

  8. #5. Manufacturing Industry • It is helping factories build batches that match the quality benchmark as closely as possible by monitoring various parameters with AI Algorithm. • AI solutions can provide predictive alerts to prevent downtime using advanced AI algorithms. • This reduces costly unplanned downtime, as well as extends Remaining Useful Life (RUL) of production machines and equipment.

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