Artificial Intelligence has enabled organizations to achieve some massive breakthroughs in the past decade. From its use in the
Supply Chain and ECommerce to
Research and Development,
artificial intelligence has brought about massive transformation changes in
business workflow and has led to an increasing demand among firms for implementing
AI-based solutions.
As per Gartner, around 37 percent of organizations are using AI in some form making it a 270 percent increase compared to last year. Another stat from Gartner predicted that around 80 percent of the emerging technologies will be based on AI, clearly showing that AI implementation will be greatly responsible for business growth.
Artificial Intelligence is used to simplify business activities in different industry verticals. From automating tasks with RPA to speeding up decision making with useful insight comings from Predictive Engines “ AI offers tremendous capabilities for businesses. And thus, AI Development Companies worldwide have started integrating AI with other technologies like Blockchain, IoT, and others to create next-gen solutions.
The scope of AI is massive and is predicted to be instrumental for business transformation. Let’s have a look at some of the major trends in AI Development for this year and beyond:
AI is used in developing facial recognition solutions for
security agencies and enterprises. Facial recognition solutions leverage Deep Learning that is based on
Machine Learning algorithms and includes multiple layers to continuously extract higher-level features from an input. It is used by forensic teams in cases of facial recognition where lower layers correspond to edges and the higher layers to that of a face. Moreover,
AI Development Companies use deep learning algorithms for
data analysis giving organizations real-time insights. Organizations from ECommerce, Healthcare, Stock-
Market, Insurance, etc. can leverage deep learning to create secure applications and in understanding text or image patterns.
- Intelligent Business Solutions (ERP and CRMs)
Artificial Intelligence has the capability to
change the way you work and live. In fact, now is the time when organizations are starting to incorporate AI-enabled solutions at the workplace including Salesforce-based CRM,
Python-based ERP, and other business intelligence solutions. Adopting these solutions would help firms in automating sales, enhancing customer
service, and streamlining workflows in other intradepartmental
processes.
- Smart Chatbot Development
Every customer-centric business is considering or has already employed a Virtual Assistant like Chatbot that interacts with users through automated responses. But AI Chatbot development can be optimized to a greater extent than many organizations are not aware of and there lies a huge opportunity for a new trend. AI Development Services leverage NLP to create smart AI-powered Chatbots that could be programmed to address customer queries and direct a call to the last attended employee by searching through customer interaction records.
- Use With the Internet of Things
Artificial Intelligence can be used with
IoT for smart monitoring and real-time insights for connected
devices. For most
manufacturing and transportation
companies, AIIoT can make transformational changes in
service delivery. With this, businesses can know about low-performance parameters of a
manufacturing device or equipment and thus issues can be addressed on time. Moreover, AIiOT can be used for fleet movement monitoring, ensuring
security at the workplace, remote resolution in case of technical issues, etc.
Conclusion
Artificial Intelligence is the key to making the next-gen business transformation. Implementing an AI-based solution would enable organizations to automate their processes resulting in inaccurate results, better monitoring, enhanced customer experience, and a higher ROI. To ensure you keep ahead of the curve, it is the right time to invest in AI and leverage the exceptional capabilities that come with it.
