How Artificial Intelligence Logics Help To Scale Your Business in 2023?

What are some of the industries using applied AI?

The scale and size of the industry does not matter as Artificial intelligence has been able to improve the performance capabilities of numerous businesses. One can find industry niches that have adapted AI at different levels to speed up their manufacturing process, be better at decision making, Effectively achieve sustainable business growth, and reduce the operating cost at various stages. Let’s have a look at some of the most popular and advanced industries working with Applied AI and corresponding solutions.

1. Healthcare

It is the most important industry that needs to introduce the latest innovations and needs to stay ahead of the curve. Healthcare sector has been gradually adapting Artificial Intelligence for performing minor diagnostics to executing large scale surgeries too. Being one of the largest banks of data, the healthcare sector has regarded artificial intelligence as a technology that can assist the healthcare workers to perform complex tasks much more conveniently.

The experts in the industry are trying to build an entire ecosystem of personalized healthcare that leverages the strong data processing attributes of artificial intelligence. They employ AI’s natural language processing and machine learning capabilities to integrate smart devices with extensive human care.

There are many tasks that can be performed with the help of AI such as Clinical Advice, Speech recognition for self-care, maintaining EHRs properly, and mobilizing a colossal amount of data much efficiently. There are healthcare institutes who have adapted predictive analytics to perform prognostic healthcare practices easily. Healthcare is one of the fastest accessors of Applied Artificial Intelligence Solutions.

2. Finance

As the current technological trends shift towards providing customer centric services and solutions, the Financial industry too has adopted technologies that have transformed their operations. There is a new term “Fintech” that has surfaced elaborating the advantages of influencing advanced technologies such as Blockchain, AI/ML, Web 3.0, etc. There are banking and financial services firms using smart AI solutions to improve customer experience, analyze sheets of data, and apply human-like logical reasoning skills.

Predictive analytics has been serving the industry on the main stage reasonably enabling the capabilities of financial organizations to scale. In the next few years maybe we will see a wave of super computers that could smartly SIFT through sheets of data without any error. AI technology can save time for both worker and user end too, chatbots, customer services, security, as it is able to recognize patterns easily.

3. Gaming

2022 was the year of gaming and blockchain technology as we observed countless advancements. There were collaborative innovations that led to the development of decentralized gaming as well as blockchain based P2E models. Well focusing on the gaming sector AI has enabled mostly security and engaging quality of the games that are being developed integrating these technologies.

In terms of security developers are including artificial intelligence to recognize scripting bots and banning the players who are utilizing unfair means. Those unfair patterns and toxic playstyle can be recognized by an AI monitoring system to take necessary steps following the judgment.

An interesting way artificial intelligence is improving the gameplay for the user by including AI based NPCs (Non- Playable Characters). They are not in the possession of users’ control and act through a fixed set of algorithms that were not originally the result of true artificial intelligence. But through AI the NPCs are able to learn the game style of the users and adapt it to deliver a completely newer user experience.

4. FoodTech

In the food and beverages industry AI has been working on both the front restaurant side and the manufacturing side too. On the frontend side we have AI innovations such as, Smart-Food waste tracker that improves the warehouse management, Automated kitchen tools to achieve perfect precision in taste for the elite palettes, Ghost Kitchens where one can experience no human touch cooking, and lastly there is serving AI bots for improving the decision making and customer experience of the restaurants.

On the other hand when it comes to the manufacturing side, Artificial intelligence has successfully been able to increase the profit margins. The technology has been elevating the product and classification stage, helping with the management and demand-supply chain, predicting the revenue, and forecast for warehouse management. Ultimately it is able to develop cost-effective, smart managing as well as sustainable solutions for the food and beverages industry.

5. Social Media

Moving up we have a social media industry that is one of the fastest and trendiest growing industries and AI has enabled the potential of the industry across many platforms efficiently. With the CAGR of 28.77%, forecasting period 2021-2026, It was stated that AI did and will become one of the biggest sources of improving customer experience in the social media industry. From reducing the cost of operation by employing automated bots for gathering customers’ data to generating AI-based content, the technology has covered each and every parameter which will require a separate article to properly address the advancements.

Considering the user scale and how distinctively the platforms are performing, AI has even further benefited the social media through monitoring emerging trends, foul content, bots, etc. It also has helped brands to establish strategies to increase their brand awareness across the globe by running smart advertising campaigns. Understanding customers is one of the best ways social media has helped other businesses to gain a profitable engagement. Through predicting their purchase behavior, likes, dislikes, and gathering valuable information.