slide 1: These days Artificial Intelligence is getting huge hype and attention everywhere you can find
countless articles on AI-related topics. It has been at the front of commercial innovation ever
since the morn of the Digital Revolution. AI has lightened the efficiency of electronic devices
with different kinds of software and digital innovations to create a digital environment that is
geared toward modifying the way we do business.
According to Gartner “ B y 2018 wor ld’s more than half of the large organizations would be
exploiting the use of Artificial Intelligence in terms of analytics and proprietary a l g o rithm s” .
That clearly shows the demand for Artificial Intelligence is increasing day by day. On the basis
of Gartner study by 2020 there will be over 26 billion connected devices and 30 of web
browsing sessions will be done without a screen. This increasing demand for this technology
means more and more businesses will begin to integrate it into their mobile app development.
slide 2: Insights
Now Artificial intelligence AI has also entered in the office premises. According to Accenture
Nearly 90 of U.S. workers are optimistic about the changes that technology will bring in the
next five years. McKinsey estimated that AI techniques could potentially create between 3.5
trillion and 5.8 trillion in value annually across nine business functions in 19 industries. As AI
continues to get smarter and more capable because of this e mpl o y e e ’s productivity is poised for a
sizable shift with the new tools and technology available to them.
With the right techniques businesses can quickly work on latest trends patterns clusters and
eccentricity in customer behavior supply chains internal operations and market dynamics. But
as the methodologies of big data become more widely accepted algorithms of AI technology
become less of a competitive differentiator.
In fact the availability of machine learning and natural language processing via the cloud is
likely to accelerate the commodification of AI in the near future essentially making it table
stakes.
slide 3: How Startups Fueling The AI
Revolution
There are many companies spearheading the shift to Artificial Intelligence. Companies like
H2O.ai are utilizing AI by creating an open-source machine learning platform that is accessible
to everyone. Almost all the Fortune 500 firms use AI to take a powerful decision by combining
data science with behavioral science respectively.
In the market there are various AI integrated platforms like DataRobot CrowdAI and others are
available which is designed for broad adoption and usability across many skill levels in an
organization. This level of mutation in AI has created a major change by triggering massive
acceleration for both business and human innovation.
Why Businesses Are Adopting AI To
Drive Growth
While AI is increasingly involving in consumer lives businesses are still in the early phase of
launching AI in their business model. According to the Gartner the market potential is huge
nearly 3.9 trillion in AI-derived business value will be created by 2022.
Today most of the industries are seeing positive outcomes from the Artificial Intelligence mobile
app development. With the help of AI integrated mobile applications car manufacturing
company State Farm enable customers to detect distracted drivers using their mobile app in
order to track driving patterns for safe driving habits. This habit plays an important role in
customizing insurance and providing customer offers.
Benefits of Artificial Intelligence In
Businesses
Artificial intelligence AI is now everywhere it ’s been a logical headway. In the era of big data
and cloud AI has taken a significant paradigm shift that has enabled AI to become practical and
slide 4: accessible to both consumers and businesses. As the volume of data is increasing day by day the
cloud provides access to scalable parallel data processing at low cost by allowing cloud vendors
to create machine learning algorithms and deploy an artificial intelligence as a service model. No
doubt AI is becoming a utility function that’s the reason you can find it in every industry.
1. Financial Industry
The financial industry is a data-intensive industry it takes time and full proven research before
adopting any new trend as there is no scope for any blunder. In this industry AI has made its
place smoothly and become an integral part of the financial industry for offering safety
employment inclusion and the financial services value chain.
2. Agriculture Industry
The agriculture sector is continuously evolving with the help of AI and its automating processes
is extremely beneficial for the society lowering costs and help farmers to reap the fruits of their
labor all year round. Agrobot is an autonomous robotic harvester that is revolutionizing the
agriculture world. It works with the wor ld’s leading farmers to automate berry harvesting
through the potential of AI.
3. Healthcare Industry
In healthcare errors can be costly as well as horrid. With AI integrated medical equipment the
chance of error reduces to a sizable extent and its recognition has also become easy. From
decisions making to strong security AI is proven to be a better assistant in terms of help needed
in the healthcare industry. Artificial intelligence is not developed for replacing doctors and
nurses but it definitely takes away a lot of burden off their shoulders.
4. Logistics Industry
Supply chain management needs unbending focus and labor in all its operations. With the help of
AI companies are smoothly managing their supply chain by tracking the whole process at their
fingertips. As a result now complete supply chain process from production to delivery has
become automated with the overall improvement in efficiency and speed.
slide 5: Conclusion
AI promises hefty transformation and an exciting advancement in the industries that can drive
broad-spectrum economic prosperity.
Worldwide popular AI integrated devices and grooming in mobile app development is a proof
that AI is now everywhere and become a part of our lives and we cannot deny for the fruitful
results of it. We humans are sharp in our own right and if automated decision-making is
something we can do we can also make the tools to control it.
Consagous specialize in business-centric mobile app development solutions. Get a free
quote HERE