There are many use cases for AI, each of which addresses a specific business need. Ideally, organizations should prioritize those that offer the highest short- and long-term value and integrate them into a broader platform or suite of cognitive capabilities to create competitive advantage.
In the retail sector, for example, AI helps identify customer trends through unstructured data. This allows companies to personalize their marketing efforts.
Healthcare
Artificial intelligence (AI) has shown great promise in healthcare, enhancing experiences for patients and staff at every stage of care. These innovations can also help reduce costs and improve efficiencies for healthcare organizations.
AI is a type of technology that uses algorithms to learn from data. In healthcare, this includes analyzing and learning from patient medical records and imaging scans.
This AI can then use these patterns to detect anomalies and alert doctors of possible problems. For example, if an AI scan detects that a patient’s heart rate has changed, it could flag this as an early warning sign of cardiac disease, so the patient can receive treatment sooner.
Other AI uses in healthcare include improving communication. For example, conversational AI systems can mimic the voice and text conversations of real-life physicians. This helps ensure that patients are able to explain their symptoms in a natural way to a system that will respond with questions based on a computer’s knowledge of medical terms.
Retail
In today’s fast-changing retail industry, AI is redefining consumer experiences at scale. With automation, data, and AI-powered technologies like machine learning (ML), retail brands can deliver a highly personalized shopping experience to customers across their physical and digital channels.
In a retail store, AI can help manage stock by tracking product demand and helping retailers set up suitable marketing, pricing, and restocking strategies. In addition, it can predict inventory shortages and provide real-time status updates to sales associates, so they can meet demand and avoid loss of revenue.
Customer Service & Emotional Response: Many retail applications utilize facial, biometric, or audio cues to identify shoppers’ in-the-moment emotions, reactions, or mindset, delivering products, recommendations, or support that fits their unique needs and preferences.
In-store, AI can also be used to monitor and improve in-store dwell time and gaze time (minutes a shopper spends standing in front of a shelf) using video analytics and machine learning. This helps retailers understand how to optimize the customer journey and boost conversion rates.
Transportation
The transportation industry is a great example of how AI can solve problems, decrease costs and improve efficiency. From self-driving cars to drone taxis, transportation is one of the most exciting areas for AI.
In the future, self-driving vehicles are going to be a part of everyday life for most people. They will be able to handle many tasks and transport passengers safely and efficiently.
Currently, driverless vehicles are in pilot phases and are not yet widely available on the road. They are a great example of how AI can be applied to the transportation industry, but they’re still far from a reality.
Another great example is how AI can be used in traffic management systems. These systems analyze big data to detect patterns in traffic and help commuters with suggestions on routes that avoid congestions and accidents.
In addition, AI can also be used in vehicle fleet management to identify the most efficient drivers, optimize routes and reduce fuel consumption. As AI technology develops, more and more companies are going to start using it in their logistics operations.
Education
The education sector is one of the most exciting areas where AI is changing the game. The technology has the power to create immersive virtual learning environments, produce “smart content,” ease language barriers, fill gaps between learning and teaching, and create specialized plans for each student.
The industry is also experiencing an influx of AI-powered tutoring tools that are able to identify errors, explain them in plain English, and provide a clear solution for students. This allows teachers to focus on more important tasks and provides instant feedback.
There are also a number of AI-powered tools that make document workflow faster and more efficient, cutting down on printing costs and the use of paper. This saves the environment and frees up teacher time.
Chatbots are another great example of AI use cases in education. They can answer questions about admission and school forms, schedules, and other tasks that often take up teacher time.
