Artificial Intelligence (AI) offers increased availability, accuracy, and ease of implementation. These progresses make artificial intelligence applications more readily applicable in modern businesses. Also, the improvements in neural network technology and computational power will make these applications more accurate, cost-effective, and more accessible to businesses in the future.
Do you know… recently computers started performing tasks that require action and perception, such as hearing and seeing? For example, Siri’s speech recognition and Google’s image search capabilities are useful for recognizing what is spoken or shown.
Artificial Intelligence (A.I.) applications have a widespread effect on many industries. Here is some AI real-world applications used in various industries:
Artificial Intelligence Applications in Manufacturing
Artificial Intelligence applications help manufacturers improve time-to-market and minimize production costs. In the post-pandemic world, manufacturers are eager to invest in scalable AI solutions in manufacturing that will help them predict downtime, automate tasks, forecast disruptions, and offer end-to-end visibility of operations.
Here are the top artificial intelligence application (A.I. applications) use cases in the manufacturing industry along with examples of AI implementation in daily life,
Defect Inspection
If naked eyes can see so much, Artificial Intelligence sees so much more. Computer vision is helping manufacturers perform defect inspection using AOI technique or Automated Optical Inspection. The setup uses a bunch of cameras placed at different angles and is capable of identifying even the minor scratch that human eyes failed to see.
Predictive Maintenance
Isn’t it good to know which machine will fail and for what reason before it happens? Predictive maintenance identifies potential equipment problems before they happen so you can undertake preventative actions.
For example, the AVEVA Predictive Analytics solution helps asset-intensive organizations discover equipment issues early and schedule repairs before failures occur, thereby increasing reliability and reducing downtime.
Manufacturing Robots
Companies using Artificial Intelligence in manufacturing rely on autonomous mobile robots AMRs and co bots to repetitive tasks, automate tedious and extend the manufacturing workforce. Introducing the application of Artificial Intelligence in the industry specifically benefits warehouse operations here heavy lifting, repetitive motions, and reaching are routine jobs and are capable of causing ergonomic injuries or quality lapses.
AI Applications in Healthcare
Artificial intelligence applications (A.I. applications) are used in healthcare to support a variety of medical and administrative procedures within the facility. The evolving AI technology is making healthcare Artificial Intelligence applications more sophisticated to perform human duties more speedily, efficiently, and at minimum costs.
Some interesting Artificial Intelligence applications in healthcare are chat bots, virtual nursing attendants, disease mapping, record management, drug discovery, and more.
Artificial Intelligence Applications in Finance
Adopting applications of Artificial Intelligence in finance has brought about significant changes in the finance and banking industry.
Conversational chat bots, AI-enabled fraud detection, cyber attack prevention, claim automation, credit decisions, risk assessment, trading, and customer service are some of the distinctive artificial intelligence applications employed in the finance and banking industry.
Organizations in this sector leverage appropriate Artificial Intelligence consulting services to implement and optimize these advanced technologies for seamless integration and optimal performance across their various financial processes.
AI Applications in E-commerce
Applications of artificial intelligence (A.I.) in ecommerce are helping online retailers provide a superior customer experience on and off their websites. With AI applications and data, they can make better decisions and predict future actions.
Artificial Intelligence Applications in Automotive
Applications of Artificial Intelligence (A.I.) in the Automotive Industry are increasing. From manufacturing to the assembly line and sales to aftermarket, Artificial Intelligence applications impact the automotive industry in many ways.
Conclusion
We have discussed some of the leading Artificial Intelligence applications (A.I. applications). We can conclude that businesses have a great deal of opportunity to improve efficiency and define new business models through Artificial Intelligence. The expending availability of unstructured data allows artificial intelligence applications to provide better insight into data and thus give companies a competitive advantage. Open-source Artificial Intelligence technologies have also made it easier for businesses to develop customized AI solutions. Partner with the best Artificial Intelligence ML Company to dive into the techniques used within the domain of artificial intelligence and create something unique and humanly possible using ML as well.
