AI In Industry: Use Cases & Applications |
Posted: March 14, 2023 |
Artificial Intelligence is one of the emerging computing technologies that utilize machines for emulating human intelligence. Today organizations or enterprises are adopting AI-driven solutions across multiple industries for streamlining their processes as well as reducing operational costs. The usage of AI in industry makes the entire industrial landscape more efficient, flexible, and reliable. It doesn’t have the promise to achieve better business outcomes but it also improves the overall consumer experience. In this blog, we are going to focus on 7 major industries that can be highly benefited from AI software development services in the near future. 1. AI in Manufacturing No doubt, the entire manufacturing industry is adopting artificial intelligence technology rapidly. In a manufacturing plant, artificial intelligence is used across several operation lines and layers, from product design to workforce planning. It also improves efficiency, employee safety, and product quality. AI has the power to transform an industry and make it more profitable. Artificial intelligence helps manufacturers to minimize operational costs through intelligent optimization and automation. It also increases the ability to change market conditions. Here are three major solutions that help to fulfill all manufacturing needs as well as market demands Robotics-enabled Production Systems: These can include robotics-enabled assembly lines that minimize labor costs while enhancing consistency and quality. It includes robotic warehouses that enhance inventory accuracy & distribution speed while minimizing the risk of human errors.
2. AI in Healthcare AI plays a huge role in automating and streamlining a number of healthcare processes and solutions. Data mining to identify patterns is one of them. Other examples include decision support systems, medical imaging, etc. Apart from that, AI technology also helps in the accurate treatment and diagnosis of medication management, medical conditions, robotic surgery, drug discovery, etc. Artificial intelligence is widely used to make important decisions about hospitals and patients. The outcomes can be tracked or monitored through multiple AI techniques such as deep learning and machine learning for analyzing patterns in medical images, health records & other patient data stored in EHRs or electronic health records. Moreover, by using artificial intelligence, data processing can be more accurate. Here are three real-life and common uses of AI applications in healthcare:
3. AI in Logistics The AI-infused revolution has effectively transformed the logistics & transportation industry. The application of predictive analytics and machine learning is extensively used in supply chain management. Both applications make the process seamless and easier. Today’s warehouses take advantage of AI-powered robots to package and store products. Moreover, AI algorithms help in the fastest shipment and also support last-mile delivery. Here are five intelligent automation solutions that every logistics company wants:
With the increasing demand for AI-driven solutions, it’s crucial to have proper guidelines for implementing AI technologies and techniques in a way that never creates a bad impact on the business process. The following guidelines will help you to implement AI in your enterprise logistics system:
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4. AI in Transportation The transportation industry is massive and it significantly adopts AI-driven solutions to streamline many processes and business operations. Many tech giants like Uber, Volvo, Tesla, & Volkswagen use artificial intelligence to automate many processes. The global market of AI in the transportation industry is predicted to reach up to 14.79 billion USD by 2030. Though AI in transportation is still in the trial stage and deep research in many cases, leveraging AI algorithms help to automate public transport and traffic management. Furthermore, artificial intelligence with data processing offers important information like traffic predictions, road blockages, and accidents. It has huge potential for eliminating unwanted traffic and enhancing safety 5. AI in Real Estate The application of artificial intelligence in the real estate sector opens immense opportunities for brokers, agents & clients. While real estate agents have become more effective and efficient, brokers are becoming very strategic & consumers or clients are feeling highly empowered. AI-driven bots help real estate agent brokers to figure out the best options for their clients who are planning to rent, sell or buy their properties. AI applications are used in real estate in the below-mentioned ways.
6. AI in eCommerce E-commerce or retail is probably the only field where AI-based applications are very observable to millions of users. To stay competitive in the market, retail companies always prefer to choose key techniques to find out new patterns in customer behavior and align their business strategies. It’s important for any online business or enterprise to have a dedicated e-commerce platform to effectively compete with others. Artificial intelligence is becoming one of the substantial parts of the world business. It also boosts interaction and engagement with digital touchpoints. No doubt, implementing AI-powered solutions in an eCommerce website will drive more sales & increase productivity and efficiency in operations. As a revolutionary tool, AI is shaping the entire e-commerce landscape in the following ways:
Why Do Today's Businesses Need AI Future Applications? The application of AI in business has been evolving the way of business processes for decades. According to a report produced by the AI software development company, the global size of the AI market is predicted to reach approx $1,812 billion by 2030. As AI is gaining momentum, several organizations are using artificial intelligence & machine learning algorithms for identifying data patterns and automating every stage of business operations. Moreover, It also helps to automate manual techniques & save time for those struggling to manage deadlines. It allows companies to build better products and make strong relationships with their consumers & enhance their customer service. Want to Hire AI Software Developers? We deliver end-to-end custom AI software development solutions and result-driven approaches that meet all your business needs. Final Words Artificial intelligence is a boon for today’s industries and businesses. Implementing AI in industry helps to drive innovation, boost supply chain management, enhance performance, optimize operational efficiency, and improve profitability. Industrial artificial intelligence affects multiple use cases that proficiently drive profitability & help enterprises to manage all competitive advantages in the long run. If you want to automate your business process for enhancing productivity, consult with an AI technologies company near you. For more info, get in touch with Sphinx Solutions.
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