Applications of Artificial Intelligence Across Major Industries  | Comidor

Applications of Artificial Intelligence Across Major Industries

Applications of Artificial Intelligence Across Major Industries 789 526 Comidor Low-code Automation Platform

AI is an ever-evolving field in business that ranges from technological advancements made in robotics to speech and facial recognition technology. AI is being used to create computer programs that can solve complex problems and make decisions with minimal human intervention. AI applications in business are found in manufacturing, healthcare, sales, academics, law, and so on. Moreover, Artificial intelligence is now being used in every business scenario such as financial services, fraud detection, retail purchase predictions, and online customer support interactions, with excellent results. AI is also expected to play a big role in automating business process outsourcing, a.k.a Robotic process outsourcing, by balancing the role between the various tiers of outsourcing service providers.  

Today organizations are utilizing Artificial Intelligence across industries to streamline their processes and cut operational costs. The future of the business world is slowly becoming more automated and AI-powered. There is a lot of hype around it, but there are many opportunities for the real value of AI to be seen in major industries. This article will take a look at some of the applications of Artificial Intelligence across major industries and how AI is changing business for the better.

Why Businesses Need Artificial Intelligence

Artificial Intelligence (AI) is a computing technology that uses machines to emulate human intelligence. It’s true that it has the potential to change the way businesses operate. However, the question of how to best implement Artificial Intelligence is complicated. You can’t just force automation onto a company without considering the company’s business needs and wants. In most cases, businesses are increasingly looking for ways to improve their productivity and reduce costs by automating business processes. Artificial Intelligence can provide a more efficient and effective way of doing business. As Artificial Intelligence is gaining momentum, more and more companies will use AI and machine learning algorithms to identify patterns in data and then use them to improve business operations.

The Real Value of Artificial Intelligence Across Multiple Industries 

What are the benefits of AI in business? Why should we care about its use in different sectors? These are some important questions that will be answered as we are moving forward. AI technologies have been around for decades now and have been impacting different industries in different ways. Their impact is not just restricted to the tech industry, which has been the primary driver of AI adoption. In a new forecast by Gartner, it was found that “Worldwide Artificial Intelligence software revenue is forecast to total $62.5 billion in 2022, an increase of 21.3% from 2021“. This is a staggering number that clearly indicates that businesses are investing heavily in AI and its potential economic benefits.

Robotic Process Automation vs Artificial Intelligence | Comidor Platform1. Artificial Intelligence in Education: Educate your future with AI

In this section, we will be exploring how AI software can improve education.

Even though the application of AI in education has been slow, it has helped increase faculty productivity and allowed instructors and professionals to focus on students rather than office or administration work. 

Automating Educational Processes | Comidor PlatformAI has a wide range of benefits in education:

  • Tailormade and personalized teaching – You can apply Artificial Intelligence in education to tailor and adapt to each student’s individual needs through personalized programs, which can help fill any gaps in learning and teaching. For example, you have the opportunity to use AI to digitize learning content and then personalize it for students via a variety of interfaces.
  • Improved efficiency and accuracy – AI is often used in large-scale testing and assessment, which helps teachers better understand student learning by providing feedback on the effectiveness of their instruction

  • Higher Quality EducationAutomation and AI also provide a higher quality education because they offer flexible scheduling that gives students more time for studying and encourages them to learn more

  • AI Writer – If someone is in dire need of searching for a person who will write an essay or help in checking the errors then AI is way too far in this field

All in all, Artificial Intelligence and automation in education are the future and we need to embrace them. Automated learning systems and automated teaching tools can help educators with their day-to-day work, allowing them to focus more on students and create a better educational experience for them.

2. AI in e-Commerce: Leverage AI to train chatbots and virtual assistants to improve UX

Artificial intelligence and Machine Learning are being actively used in e-Commerce to assist shoppers in discovering products and services that are more suitable for them. 

From virtual shopping assistants and chatbots that help improve the user experience while shopping online to recommendation engines that help you engage better with your customers, AI is fast becoming more important in the e-Commerce industry.

automating manual processes - ecommerce | ComidorAdditionally, AI and automation assist e-Commerce businesses in gaining insights from customer data collection, which you can break down to create tailored online merchandising services and enable shoppers to discover bestselling POD products, latest book releases, new gadgets, and so on. 

3. Artificial Intelligence in Manufacturing: Explore the potential of AI in manufacturing

The use of AI in manufacturing has the potential to usher the industry into a new era of increased productivity and profitability. AI could help manufacturers reduce their operational costs through intelligent automation and optimization, while also increasing their agility to adapt to changing market conditions.

Experts believe that many of the tasks in manufacturing will be either partially or entirely automated in the upcoming years. The research predicts that this will lead to an increase in job demand for people with technical skills.

automation-in-manufacturing | Comidor

Here are three solutions that will help you fulfill your manufacturing company’s needs and market demands:

  1. Robotics-enabled production systems: This includes robotics-enabled assembly lines, which can reduce labor costs while improving quality and consistency. It also includes robotic warehouses, which can improve inventory accuracy and distribution speed while reducing human error risk.

  2. Augmented Reality (AR): AR is a technology that integrates digital data into the user’s environment or the real world. It is being used in factories across the world to streamline production and operations. It is able to provide the factory manager with a graphical representation of factory operations, including statistical data from machines and control panels.

  3. Internet of Things (IoT): The Internet of Things is a network of physical objects that are embedded with electronics, software, sensors, and connectivity to enable objects to collect and exchange data. The Internet of Things provides manufacturing companies with a huge opportunity to reduce costs, improve quality, and increase efficiency. From automatically gathering information by using IoT-connected devices, and redesigning workspaces to enhance employee safety, to monitoring workers’ wellbeing, IoT offers plenty of benefits to manufacturing companies.

4. AI in Robotics: Using AI to empower robots to make better decisions

Another field where Artificial Intelligence is commonly used is Robotics. Robotics is becoming more advanced and efficient at completing tasks without human intervention as a result of AI.  

Robotics | ComidorFor example, AI provides robots with adequate computer vision and motion control to better understand and function in their environment. It provides them with a new way to carry out commands or tasks assigned to them. This is because AI can bring robots to life and empower them to make decisions on their own. 

5. Artificial Intelligence in Healthcare: Enhancing medical analysis through AI

Artificial intelligence has been used in healthcare for a long time. In the past, AI was mainly used for data analysis and pattern recognition. Nowadays, AI has been applied to more fields in healthcare.

Artificial intelligence in healthcare has the potential to help healthcare providers in many aspects of patient care and administrative processes, allowing them to improve on existing solutions and overcome challenges more quickly. For example, AI can be used to combine historical data and medical intelligence to discover new drugs.  Additional examples include medical imaging, decision support systems, and data mining. It is also used to make decisions about patients in hospitals. This can include what kind of treatment they should receive or how their care should be managed. Patient outcomes can be monitored by using AI techniques like machine learning and deep learning to analyze patterns in health records, medical images, and other types of patient information that are typically stored in electronic health records (EHRs). With the help of AI, doctors can spend their time with patients and not on paperwork. It can also process data more accurately than human doctors.

Healthcare Availability - AI in medicineHere are the 3 main use cases of AI applications in the healthcare industry:

  1. AI can help with patient records and doctor’s appointments by managing the most important details of each case

  2. AI-powered devices can collect real-time patient data and send it to doctors in remote locations to analyze the patient’s health conditions. This makes the diagnosis and treatment of many diseases much easier and more accurate. Thanks to AI, doctors analyze data from various sources, such as medical records, clinical trials, research papers, and journals to diagnose a patient

  3. AI can assist in delivering care to patients by following treatment plans written by doctors or nurses on a computer or on paper

6. AI in Logistics: Unpacking the future of Logistics

Logistics is the backbone of any business. Without it, no enterprise can survive. This happens because warehouse management, supply chain management, order fulfillment, and logistics all depend on what happens at the warehouse.

The five key solutions to fulfillment of logistics company needed with intelligent automation are:

  1. Automated Warehouse Management System

  2. Automated Order Fulfillment

  3. Warehouse Inventory Control System

  4. Material Storage and Distribution Technologies

  5. Optimized Delivery Technologies

 

When it comes to logistics, the most important thing is to be able to “react” in a timely manner. You need to be able to adapt quickly and efficiently when you have a change in demand. According to Comidor experts’ maintenance of your workflows is way too necessary. With an increase in demand for AI-driven solutions, it is important to have guidelines to implement these technologies in a way that doesn’t disrupt the business. The following are some guidelines to help you implement artificial intelligence into your company’s logistics system:

  • Increase automation – Leveraging intelligent automation solutions and advanced technologies like Artificial Intelligence, to automate and optimize manual, repetitive tasks and processes lead to enhanced productivity, efficiency, and business growth.

  • Focus on customer experience – With the use of Artificial Intelligence, logistics companies can focus on delivering exceptional customer experience. Handling customer requests and getting feedback are some of the AI applications in Logistics, that enable businesses to save time and focus on highly demanding tasks.

  • Increase data collection – The use of Artificial Intelligence to collect and analyze data in logistics can help to make better decisions, reduce costs and improve the efficiency of operations. It can also help companies achieve their goals and increase their competitiveness in the market.

  • Implement Predictive Analytics – Predictive analytics helps companies know how to use historical data to predict future trends and behavior. These systems can identify customer behavior, such as the probability that a specific customer will churn or their likelihood of making a purchase, and help companies make decisions based on those predictions.

7. AI in the Banking Industry: Developing intuitive banking through AI

Banking, like many other industries, is facing the disruption brought by Artificial Intelligence. AI has already changed how people interact with banks and financial institutions. It is the future of banking because it harnesses the power of advanced data analytics to combat fraud and improve compliance. It is already assisting banking institutions in their digitization efforts, allowing them to compete with FinTech players. 

BPM finance | ComidorThe first step in this transformation was customer service chatbots which are capable of answering simple queries and guiding users to the right decision. AI has also helped with fraud detection and preventing cyber-attacks. The next step is using machine learning to automate routine tasks for bank employees, freeing up time for them to focus on more complicated problems.

In addition, AI can help banks gain a better understanding of their customers and their behavior. This enables them to increase customer loyalty by developing customized financial products and services, as well as adding personalized features and intuitive interactions. 

8. AI in the Transportation Industry: Revolutionizing the automotive industry

The development of AI has played a significant role in the evolution of transportation. It is considered to be one of the most important contributors to the development and growth of our society. AI’s role in transportation has been present since ancient times when it was used by these ancient civilizations as a means to travel over land and water. From carts and chariots to cars, ships, and airplanes, we can see how AI can make our lives much easier and more convenient.

AI also plays an important role in navigation systems for planes and ships. With these systems, we can know where we are at any point in time without having to use maps or other navigation tools that may not be accurate or may not exist at all.

AI in Automotive industry | ComidorAI has transformed the automotive industry with the development of self-driving or autonomous cars and the use of industrial robots on the manufacturing floor. The success has been so revolutionary that manufacturers are focusing on developing advanced AI solutions to balance the demand for self-driving cars. 

AI is improving the in-vehicle experience and providing additional systems, from assisting drivers in avoiding accidents to ensuring data availability in self-driving automobiles. 

9. AI in Social Media: Achieving effective marketing with AI

Posting and engaging on social media is an important part of most businesses’ digital marketing strategy; this is where AI can assist marketers in creating more effective social campaigns and being more time efficient.  

small-business-automation-social-mediaAI can organize and manage massive amounts of data, allowing you to access and analyze it to identify the latest trends, hashtags, and user requirements. Furthermore, by using the data collected by AI to gain better market insights, you can use AI to accelerate revenue and reduce costs. 

10. AI in Gaming: AI enables more responsive gaming

AI in gaming is about making more responsive, adaptive, and challenging games and giving gamers a better interactive experience. These AI-powered interactive experiences are typically generated through the use of non-player characters whose behavior is dictated by artificial intelligence algorithms and engines. 

AI in gaming | ComidorThe use of AI in games not only makes games more intuitive but also makes the game quite unpredictable due to non-deterministic behavior. Today, AI has advanced significantly in the gaming industry and shows no signs of slowing down. 

Conclusion: The Future of AI in Our Everyday Lives and industries

In this article, we have covered various use cases of AI in our day-to-day lives. AI is a boon for businesses and industries alike. AI has many benefits in the workplace. It can help automate manual processes, improve business processes, and save time for the person who is struggling to keep up with deadlines. It can also help companies create better products and services, build better relationships with their customers, and improve customer service. It can be used to generate data, detect fraud or even detect fraudulent data. All you need is a little imagination and creativity to use AI in your own way and get the most out of it. Don’t know where to start? Schedule a demo with our team, and let us take you on the intelligent automation journey.

The article is written by the Comidor team in conjunction with guest authors.
Author’s Bio
Jhon Nick is a graduate of English Literature and Linguistics with more than 10 years of experience in writing. He is also an academic advisor at his university, where he helps students with their essays, assignments, and projects. Many people have a hard time finding who will write my essay. Here he comes! Jhon is also an experienced content writer, having written for various websites on diverse topics such as sports, politics, and lifestyle.

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