How AI Can be Used in Business: 16 Best Applications

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Many people still think that artificial intelligence (AI) is just fiction from Hollywood movies. They would be shocked to hear that the era of HALs and Terminators is already here. 

Of course, you won’t find them at every turn. But how many of us already use Siri or Alexa for dealing with daily tasks, getting entertainment, or browsing?! 

Machines are already among us. They answer you in the chatbox when you are making an inquiry on a website. In the morning, they provide you with the weather forecast for that same day. They entertain your child with an exciting story, or a lovely tune played from the portable speaker. They protect and take care of your house. They drive your car when you are too tired to do it on your own. 

No doubt, our life would be much easier if we completely adopted AI for our daily needs. 

But it exists not only to turn your life into a cakewalk. It has the potential to transform our business reality entirely. Robots can give a powerful boost to your company and increase its efficiency with optimized and automated manufacturing, management, and other business processes. They can do what people never even dared to try and are capable of creating strong relationships with customers. Machines can work non-stop, ensuring continuous recovery of materials, production, monitoring, etc.

This huge potential has been harnessed by only a few businesses. The technology is still in its early years. For that reason, the implementation of AI in your business right now can give you a considerable advantage. 

If you take this idea seriously, you might need to write a business plan, or prepare a convincing speech with PowerPoint slides to support your statements. Some business owners are simply not cut out for this or are occupied with other essential tasks. Professional writers from essay writing service cheap can give you a helping hand and have the job done for you. Though they mainly specialize in writing academic papers for high school or college students, they work with businesses as well. At a reasonable price, their experienced authors will create any business-related content, be it a blog post, a presentation, a speech, or a business plan. 

So, you set your mind on using AI in your business, but you do not know how. Below are examples of how AI can be used in different business areas to stand out among your competitors and increase efficiency along with your profit.

AI in Manufacturing

For manufacturers, AI is a new technology that hasn’t been implemented by the majority of organizations yet. However, risk-taking businesses that invested in the upgrade of the manufacturing technology report that the productivity of employees has increased, and their embeddings are paying off. 

  • Smart predictive maintenance 

AI helps to predict what parts of the equipment are more likely to wear down so that they could be replaced with no time loss. 

  • Production faults detection 

AI algorithms with set quality standards are used to check products on the assembly line and spot flaws that can affect the quality.

  • Replacement of human workers 

The use of robots for manufacturing allows for training a human for more advanced positions. 

  • Design generation 

Technology like this can generate an almost endless amount of designs for the same thing within set parameters like material, budget, timeframes, manufacturing methods, etc. 

AI in Retail

AI is used as a support tool in many retail businesses today because of its efficiency. As artificial intelligence replaces humans in unproductive assignments, workers can focus on the tasks that require a human touch. Implementation of this technology in retail can result in 10% annual growth, so e-commerce and brick-and-mortar stores can use it to improve the shopping experience.

  • Better customer support

Chatbots used for customer support on websites can reduce the response time and assist the customer promptly.

  • More personalized approach

Retailers can offer individualized user experience or run a targeted marketing campaign depending on the previous purchasing history or customer’s location, age, gender, or other data.

  • Virtual trial rooms

Physical shops can install virtual trial rooms with digital mirrors that allow trying on clothes without actually having to wear them.

  • Price monitoring

AI algorithms monitor the product’s price ranges online and notify you if actions should be taken to stay on top of the competition. 

AI in Healthcare

Devices based on AI are already changing the healthcare industry. They deliver data-driven clinical decision support to doctors, detect or help to predict potential health issues, and improve healthcare in countless other ways.

  •  Robot-assisted surgery

Robots either help a human surgeon or operate on their own. The former operations are more precise, have a higher success rate, and deliver quicker recovery.

  • Health condition management

AI, along with the Internet of Medical Things (IoMT), helps people monitor the state of their health, encourage a healthy lifestyle, and detect life-threatening episodes sooner.  

  • Early disease detection

Wearable AI gadgets can detect early-stage heart disease. Computers like these help to diagnose cancer more accurately and much sooner. 

  • Better treatment

As AI-powered machines can hold any amount of information about diseases, symptoms, treatment strategies, etc., they enable clinicians to diagnose the problem and can assist in clinical decision-making.

AI in Agriculture and Farming

Due to climate change, population growth, and soil getting scarcer, farmers are looking for more innovative approaches to yield crops. AI technologies are transforming the agriculture and farming business by helping monitor soil and growing conditions, animal health, and improve a significant number of agriculture-related tasks.

  • Weather forecasting

AI models used by farmers predict weather patterns to help make better decisions about farming strategy and avoiding crop failure.

  • Effective monitoring

Using AI, farmers can monitor a number of things like temperature, hydration and pesticide levels, soil condition, and other parameters. Some artificial intelligence devices can water the crops or add fertilizers if the requirements are not met.

  • Monitoring from the sky

 AI-powered drones process data they receive from the cameras as they are flying over the fields. They detect problem areas or determine the location of the cattle. 

  • Harvesting

Agriculture bots harvest the crops much faster and easier than human workers and get rid of weeds more precisely. AI machines reduce costs for farms since they are 24/7 workers that do not have to get paid for their work. 

How to get started with AI

If you want to implement AI in your business, you should start with tasks that are repetitive, numerous, follow a pattern, and have a low cost of a mistake. Assignments that meet those criteria are your starting points.

 For successful AI implementation, follow these steps: 

  1. Think of the parts of your business that have room for improvement or problems an AI-powered machine can solve.
  2. Find a professional AI specialist who will plan and implement your project with minimum risks.
  3. AI is powered by data it receives, so find relevant and trusted data sources to accelerate your business operations.
  4. Build an AI-based solution that would drive innovation and improve the company.
  5. Release an AI-driven software, app, or a computer when providing training to the workers who will be engaged with the machine.

Conclusion

Artificial Intelligence is an absolute game-changer. It is only starting to accelerate businesses everywhere. We are only beginning to realize its enormous potential. 

Will it replace all human workers? Who knows. But we have no doubt that it is capable of empowering organizations and extending human abilities. 

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