Currently, Artificial Intelligence is being applied across several industries. Though one cannot say that Artificial Intelligence is replacing humans but it is certainly making the work of human beings more efficient.
Here are 5 Applications of Artificial Intelligence in the real world.
1. CyberSecurity: Artificial Intelligence is helping CyberSecurity develop by leaps and bounds. At a relatively nascent stage though it cannot always effectively address all issues. However, it handles data protection quite competently. Artificial Intelligence allows companies to detect vulnerabilities and malicious user behavior in the Financial system or ERP business applications. An arrangement of conduct inconsistencies examination in computer systems frameworks can prompt secured open spaces as well. Security systems can analyze identity. Deep learning can help security cameras understand if a user behaves suspiciously.
2. Manufacturing Industry: Artificial Intelligence in manufacturing can provide actionable insights that can help businesses reduce non-productive downtime. It can help predict failures or build a benchmark batch across production lines. A global adhesive manufacturing customer pulls data from their lab systems where the raw material is brought in and tested for quality. Data is pulled from there and based on the dynamic conditions run through Artificial Intelligence and Machine Learning based algorithms. Decisions about which materials to inject at what time to ensure continuity of the process can be taken on the basis of these data outputs. This helps the manufacturer keep a continual benchmark grade manufacturing of products, improving revenue and customer satisfaction.
3. E-commerce: Online stores thrive on product recommendation engines made using complex Artificial Intelligence Algorithms. The more refined the Artificial Intelligence-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 and Big Data analysis.
4. Human Resources Management: Businesses spend considerable time and resources on Recruiting. 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 Artificial Intelligence applications. This leaves the Human Resource team with a time that can be better utilized in performing their core competencies.
5. 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. The concept of "business days" is slowly getting obsolete as consumers expect delivery 365*24*7. Artificial Intelligence 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.
6.Customer Service Management: Customer Service is the face of your business. Speculations by Big players, for example, Microsoft, Google, Amazon, and Apple in Artificial Intelligence Chatbot devices means that how Chatbots are revolutionalizing Customer Service.Artificial Intelligence-Powered present-day Chatbots can have human-like conversations with clients through natural language processing, speech recognition, and complex neural networks. They can also provide accurate analytics on a number of verticals in real-time. Besides being available at all hours such Artificial Intelligence systems are providing smooth, efficient and less cost-intensive customer support.
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