Advancements in artificial intelligence services have transformed how businesses operate today. The power of machine learning has made it possible for companies to automate repetitive tasks while leaving only critical thinking and more complex tasks to human resources in the organization.
The primary aim of Artificial Intelligence (AI) is to make operations more efficient in the workplace. It helps lower the overall cost of the operations while increasing productivity. Moreover, the presence of several competitive artificial intelligence platform companies ensures consistent development in the world of Artificial Intelligence.
What Is Artificial Intelligence?
In the most basic sense, Artificial Intelligence refers to a branch of computer science that primarily focuses on machine learning. AI aims to enable machines to do tasks that generally require human intelligence.
Artificial Intelligence can be divided into four categories:
5 Examples of Artificial Intelligence Services
Many people use AI in their daily life without even realizing it. Businesses have also weaponized AI to attain more customers. Here are some examples of the various uses of different types of AI.
Reactive AI offers a predictable output based on the input it receives. It does not grow through past experiences and learn new actions.
Netflix suggestions depend on users’ previous input, that is, what they have watched before. If two people have watched identical shows up until now, then they will receive similar suggestions.
As per Netflix, your watched titles supersede your initial preference setting. Moreover, Netflix gives more weightage to your more recent titles while making future watch suggestions.
Many companies are currently using reactive AI to keep their customers engaged. They use previous purchases to find out what new products to recommend for more sales. This AI technology has changed the marketing tactics of several businesses. It has helped companies provide more relevant suggestions to customers and get more customers to convert.
While Reactive AI is a successful marketing tool, it does not have growth potential. Hence, it led scientists to create more engaging Artificial Intelligence services.
The next AI technology that many companies are using to create products today is Limited Memory. The technology uses past experiences and a vast database to make future decisions.
One of the biggest achievements of this AI is self-driving cars. These cars first observe the speed and direction of other vehicles on the road. Then, it uses the recently acquired data to make decisions.
Before the advancements in AI, self-driving cars were a fantasy. Today, they are real products that people can purchase.
Companies can implement the same technology to create household items like AI-based vacuum cleaners. As demand for more autonomous products rises, companies are investing more in creating efficient products.
Limited Memory AI might look like a major breakthrough in the world of machine learning. However, it still has limited application. Other more advanced technologies are available for more complex work.
Another example of reactive AI that helps businesses is spam filtering.
Spam filters help businesses remove any and every objectionable content. It also helps detect any email with malware that can cause security breaches and lead to the loss of valuable data.
Moreover, the AI will warn the users not to touch emails with malicious intent.
In addition, the automated whitelisting and blacklisting of users help businesses ensure minimal fluff reaches the employees. It helps ensure that your mail inbox only has important content and nothing that will cause a waste of time.
Lastly, the spam filter AI also has the technology to organize your inbox. It helps sort the emails as per the level of importance.
Automating spam filtering helps save employees’ time and contributes to their productivity.
Personalized Health Guidance
AI is already contributing a lot to the world of healthcare. Today, some surgeries rely on the precision of robots. One of the more well-documented uses of AI includes personalized health guidance. It provides users with effective and efficient medical advice and empowers them to make more informed decisions.
The ‘health engine’ offers personalized health guidance as per:
- pre-existing conditions
- Current health journey
- Gaps in health knowledge
The health engine also uses internal and external health data to provide personalized advice. The application helps users with screenings, questionnaires, prescription support, recommended doctors visit, vaccination advice, and specific condition guidance.
The employees’ good health also benefits the employers as there are fewer sick leaves and more concentration at work. Moreover, the health engine shows the potential of AI in creating user-friendly products that will get more customers and elevate the living standards of users.
Dynamic Price Optimization
One of the sales tactics that businesses currently use includes dynamic price optimization. Dynamic pricing consists of changing product pricing based on an algorithm. It is rule-based pricing that retailers can either completely automate or semi-automate.
Today, users can check prices on different websites before making a purchase. Moreover, the pricing shifts as per supply and demand, items with a limited life cycle, etc. Hence, companies use competitive pricing to get an advantage over their competitors.
The use of AI for dynamic pricing is essential for businesses. As retail stores shift online, humans cannot track the various factors and make quick decisions about pricing. AI, equipped with special rules, can complete the task efficiently and effectively.
The Potential of Artificial Intelligence Services
AI still has potential for progress. Artificial intelligence has several trending and potential applications. It is a topic of interest for several companies. Moreover, several artificial intelligence providers are investing time and resources in upgrading the technology.
The two other types of AI include self-aware and the theory of mind. Both these types of AI are still in the initial phase and not open to public use.
One of the most renowned robots, ‘ Sophia,’ is made based on the theory of mind and shows emotions. It has human-like behavior and citizenship of Saudi Arabia.
Sophia is the first of several robots that the company plans to launch in the future.
Self-aware AI is a distant future dream. Humans have not achieved the feat yet and are still working on it. However, the media instills fear and hope in the population’s minds regarding the development.
The current applications of artificial intelligence providers make it the ultimate tool to improve business operations. Companies have successfully upgraded their processes to include automation.
In return, they are reaping the benefits of increased productivity of employees and sales. Moreover, they have streamlined their production operations with the appropriate applications.
Learning about the various real-life applications of AI is the first step toward implementing them in your business operations for increased productivity.
Diksha Sharma, content writer at MoogleLabs an ai ml services company based in the Canada. Her passion for helping people in all aspects of online digital marketing through in expert industry. She works closely with B2C and B2B businesses providing content that social media attention and increase their search engine visibility.