Top Performing Applications Of Artificial Intelligence (AI)

 AI is used in many fields for everyday application, which makes our lives easier than ever before. The business world is one such field in which artificial intelligence is widely used. AI can help any business in three areas: automating business processes, gaining insight through data analysis, and interacting with customers and employees.

However, AI adoption levels vary considerably across industries and in some parts of the world, with high-tech and telecom companies from the USA, Western Europe and Asia reporting higher use of sophisticated AI solutions such as high artificial intelligence penetration rates and in-depth learning.

Read More: Top 10 applications of AI in banking

Applications Of Artificial Intelligence In Many Business

 

AI In Human Resource Management

There is a lot of competition for employment and every day, hundreds of candidates are applying for a single position in a company. As a result, going through every single resume for the company’s human resources team to shortlist the exact candidate can be a daunting task.

To make things easier, companies use Artificial Intelligence and Natural Language Processing (NLP) to filter resumes and shortlist candidates close to their needs. This is done by analyzing different characteristics such as position, skills, education, etc.

Intelligent supply chains

Companies in industries are using AI to improve the management of their supply chains. They use machine learning algorithms to estimate when and what is needed as well as the optimal time to move supplies.

In this utility context, AI helps business leaders create more efficient, less costly supply chains by minimizing and eliminating the risk of overstocking and shortage of products in demand.

Artificial intelligence in navigation

Based on research from MIT, GPS technology provides users with accurate, timely and detailed information to improve security. The technology utilizes a combination of the Conventional Neural Network and the Graph Neural Network, which simplifies the lives of users by automatically identifying the number of lanes behind roadblocks and road types. Uber and many logistics companies rely heavily on artificial intelligence (AI) to boost operational efficiency, assess traffic, and optimize routes.

Artificial Intelligence in Robotics

Robotics is another field commonly used in artificial intelligence applications. AI-powered robots use real-time updates to detect obstacles in its path and to plan its journey instantly.

Read More: Robotic Process Automation Use Cases

Can be used for -

• Carrying goods in hospitals, factories and warehouses

• Cleaning offices and large equipment

• Inventory management

Artificial Intelligence in Gaming

Another area of ​​importance for artificial intelligence applications is the gaming sector. AI can be used to create smart, human-like NPCs to interact with players.

It can also be used to assess human behavior by improving game design and testing. Alien Isolation Games, released in 2014, uses AI to track the player throughout the game. The game uses two artificial intelligence systems - 'Director AI', which often detects your location, and 'Alien AI', which is driven by sensors and behaviors that constantly hunt the player.

Retail and e-commerce

The industry is one of the areas where end-users are most likely to observe AI applications. When trying to stay ahead of their competition, e-commerce and retail businesses are always looking for new technologies and technologies to learn about consumer behavior and patterns. This helps them in aligning their strategies to outperform their competitors.

Access to AI-enabled applications using sophisticated algorithms enables businesses to help customers purchase products and identify the products they recommend. In addition, AI applications, as seen elsewhere in this article, greatly enhance the customer experience through chatbots that are programmed to instantly respond to customer requests with the most favorable responses and actions.

Read More: Use Cases of Artificial Intelligence in Retail

AI in Billing and Invoice

 

Financial responsibilities come with all businesses. One can imagine companies often exchanging bills, payment checks and invoices with others. These accounting and financial processes can become very burdensome if handled manually.

Also, there may be computational errors that can lead to terrible losses. Artificial intelligence has made financial management much easier and more accurate by automating the process.

AI in social media insights

 

Social media has become one of the strongest platforms for brands to promote their business. It provides a variety of customers to showcase their services. If any company can definitely use their social media platform, they can easily gain a huge amount of customers.

Because there are so many customers, it is not possible for any business to get their customer feedback manually. With the help of Artificial Intelligence, brands can know their position in the market and gain insights into their customer base.

AI in Targeted Marketing

These days all businesses are using the internet to become more popular. Targeted Marketing or Targeted Advertising is a form of online advertising that only serves specific audiences with the help of NLP and AI.

Audiences are determined by their online activities and if they have recently searched online for any similar product / service, they will start seeing ads.

Virtual Assistants and Conversation Interfaces

 

Each business has its own services that need to be explained to the public to expand their customer base and facilitate their sales. It is not possible for employers to personally explain and salvage each person's doubts.

With the help of Artificial Intelligence, businesses have incorporated virtual assistants and chatbots into their websites and applications, which can help the customer answer any queries about the company and provide 24/7 customer service.

Read More:  Cost to make AI virtual voice assistant apps

Final ideas

Artificial intelligence undoubtedly changes the way businesses interact with teams and customers in business functions. AI is also not the only application in the business as it enhances optimization, data management, marketing, quality assurance and control and many other functions.

Many industries and businesses are adopting technology while AI development companies continue to develop and address industry, sector and niche-specific business needs.

Being the leading and biggest artificial intelligence companies in USA, India and UAE, USM Business Systems has been providing the best in-class AI solutions & services that meet our client business needs.