Artificial intelligence (AI) and machine learning have been on everyone's lips for a long time. There are big promises, such as improving many everyday products and services. But how can these new technologies be used specifically for business purposes? Check our guide and get to know.
Machine Learning and AI
Machine Learning and AI: your business needs these ServReality solutions!
Application of artificial intelligence in business
The world artificial intelligence market is growing rapidly. Many companies utilize AI technologies nowadays and benefit from such a solution greatly. This suggests that many understand the value of this approach, and if you have not yet introduced AI to your business, it's time to think about it.
Artificial intelligence technologies can be used for diverse areas of business: retail, IT, construction, education, etc. It helps to study future market trends and implement automation of routine processes. AI development services from ServReality can help you forget about performing all the boring actions yourself. Let's take a look at several spheres in which AI is most in demand.
Production
Robots that are used in production make different processes much easier. Moreover, such technologies as machine vision and 3D technologies can make the production process much quicker.
Health
AI technologies are changing the health industry as well. Applications based on those can change everything for medical workers. Virtual assistants can help with diagnostics a lot.
Transport
Applications that can "feel" the area and move without human intervention can change the transport system completely. Such apps can analyze roads and choose the best route, thus reducing travel time and making the trip much more comfortable.
Entertainment
Machine training can predict user behavior and recommend films, music, television shows, and other content. Even advertising can be personalized depending on the preferences of the user, which can help companies increase sales a lot.
Sport
Predictive analysis and automation are great helpers when it comes to predicting results, betting, and more.
One of the most widespread things nowadays is AI game development.
In video games, it is used to create adaptive, responsive, or intelligent behaviors primarily in non-player characters, similar to human-like intelligence. No matter what you are looking for - be it an app to entertain your customers or an AI game development service, ServReality can help you solve any task.
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Machine Learning and AI
Why do you need artificial intelligence
As you can see, AI can be used in diverse fields. But do you really need it? The answer is positive. Here are a few tasks with which II will help you:
Pricing
It is easier for artificial intelligence to study statistics and forecasts than for people. It can quickly process vast arrays of information and offer the most optimal price distribution. This will help you increase the revenue and even increase the company's income several times.
Safety
Not all customers are safe for you: there may be fraudsters! AI networks can analyze user behavior, thus noticing suspicious things and making it possible for you to react to those. So, there will be no money losses and other problems of this type.
Marketing
With the help of AI, you can analyze your sales and the steps you perform. This will help you understand what people like/dislike about your business, which will lead to increased sales. A correct marketing strategy you will find with the help of AI will make your business much more successful.
Speed
Sometimes it is very important to analyze the information and respond even faster to it quickly. A good example is exchange operations. Unfortunately, ordinary algorithms cannot adapt themselves to new conditions and data. Artificial intelligence makes it possible and increases productivity greatly.
Automation
Your employees may be geniuses, but there is still a human factor that may lead to different mistakes. This is influenced by dozens of factors that you cannot predict and eliminate. As for AI, it has no emotions and feelings, so an unsuccessful date or lack of sleep will not influence the work. If the stability and correctness of the work are what you value the most, AI is exactly what you need.
As you can see, AI is an irreplaceable solution that can change the overall work process, improving it significantly. Now, let's take a look at machine learning, which is actually a part of AI.
Machine learning: a part of AI
People are faced with machine learning development daily: "smart" algorithms in social networks, chatbots in online stores, cameras with facial recognition in public places - all of us see such things in everyday life.
Plenty of companies introduce machine learning to analyze risks, study the audience and reduce costs. Machine training (ML) is part of artificial intelligence. It is used in systems that collect large volumes of data. For example, intellectual energy management systems take data from sensors at various objects. After this, using algorithms, the data is analyzed, and the results are sent to people who make a decision in the company to better understand the needs for electricity consumption and maintenance.
The main difference between ML and standardized algorithms is adaptability, as it is constantly developing. Let's take a look at several examples of how ML services can be used.
- Chatbots accelerate customer service. What makes the customer experience maximally enjoyable? Solving all the possible problems and answering questions quickly. A virtual consultant that can be found on any site nowadays is a great helper. With the help of it, people work less, and all the standard questions are answered by a bot, which also helps to reduce the cost.
- Decision support systems help to reduce the number of errors. ML is often used in the production sector. For example, you can load the statistics of breakdowns into the system. Having analyzed the data, the network will make a prediction of a device breakdown. The system can also tell a person when it is necessary to do a preventive repair. This helps to avoid money wastage. The second example is the growth or fall of the stock market players. This tool is popular with professional investors.
- ML helps to quickly check the resume and documents. HR professionals are heroes that check thousands of resumes daily, and such technologies really change their lives. ML can help make the process of selection of future workers automized; it can speed up sorting out unsuitable candidates. Moreover, ML can help you build a profile of a perfect applicant based on workers. As a result of such an implementation, HR professionals are less stressed and can make better choices.
ServReality can create any machine learning service you need for your business. Our professionals will consult you and help you make the right choice.
Conclusion
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