This is the 21st century where every kid is using powerful wepon called mobile phone with internet. Hey google, hey siri, Hey Alexa are the commons words used in society to get the work done or information. Society and industries are getting transformed and operations getting scalable and smoother.
The story starts in the year 1956 for Artificial intelligence to develop simple codes to simplify the industry operations. It’s a cumulative process to invent and take it as foundation to innovate more on it and finally we are here with robotics arms, driverless cars and AI based applications for hassle free household to company operations
So, before dig in to the concept we must understand the basic concept
.
#1: Artificial Intelligence
Artificial intelligence is a broad term that convey a simple message of any activities like human beings, including understanding, learning, planning, problem solving and regulating work etc. Calling specific applications or product an “artificial intelligence” may not be the correct term as there is no product or solution is self-sufficient till date. Every company is pouring finance and time to dig deeper to deliver market requirements.
#2: Machine learning
Machine Learning and is purely used for processing large amount of data with algorithms that are developed to understand and learn over time. This is helpful for putting bulk data which is captured by various devices and the internet of things. Take a small example of any manufacturing industry where various machineries are connected with different set of work with different sensors for functionality and productions aggregate huge amount of data and server to deliver data analyst for digging out the helpful information. So, Machine learning helps the analyst to understand the patterns and anomalies in the data. Reduction in the production process or plant maintenance can be taken care by Machine learning by continuous data observed from previous data set. Machine learning getting advanced with Neural network to simplify the production.
#3: Deep learning
Its a special module of machine learning that works on neural networks to work on nonlinear reasoning concept. Deep learning is crucial to execute advanced operations like fraud detection, crime detection etc. it works and analyse on vast data to execute and deliver the results. For better understand of deep learning we can take famous example of self-driving cars. Such cars are working on different sensors to collect the information around the road like, road condition, climate, traffic, speed, changing of lane, battery level, machine parts conditions etc. such all information are analysed and calculated with deep learning algorithms to take swift decision while drive. Deep learning will transform public and private transportation vertical. In manufacturing industry; Production and planning departments has many issues with production and breakdown. Such issues can get covered with deep learning algorithms with analysing data patterns and anomalies on process. Such operations getting diving deeper with neural network to smoothen the operations.
#4: Artificial intelligence and business today
In innovative era of business every fortune 500 companies tried to investing huge finance over artificial intelligence product the streamline their operations. Below are the reasons why they are opting
- Rapid transformation: Artificial Intelligence is quickly transforming industries like e-commerce, Banking and financial, life sciences, Manufacturing and the trading industry. In healthcare industry. Clinical assistant to physicians make swift and correct diagnoses. It’s also channelizing the new pharma molecules to innovate new medicine.
- Agile Decision making: Artificial intelligence is transforming all aspects of businesses. Every business vertical has different product line and growth and declination stage. As per market growth and stability management can take reliable decision for good profit margin. Ai simulation and modelling techniques are helping the business houses for reliable insights and buyers identity and ideologies.
- Correct insights: In most of the industries various operations are getting automated with 98 to 99% accuracy. Such accuracy comes from real-time feedback data to enhance prescriptive models. Such correct insights help the management to make correct decisions to launch the new products and services
#5: WHY DO BUSINESSES NEED AI SOLUTIONS?
-
Business Dashboards are not enough.
Just having business dashboard about profit and loss is not enough anymore. We have to think over customer retention. Today, in Mobile phone sector Nokia has lowest customer retention on the other hand iPhone and Oneplus has highest customer retentions. Ai helps the business to help the business insights for better understand the pain streamline business and sales operations. What if you have different businesses and you have to manage those at single screen then BI will be the best option to tailor based solutions. - Big data overload: Since 2012, data is being mined is in petabytes such data should be breakdown as per the research which is very difficult task. For such institutions AI/BI software solutions are needed.
- Real time data: In running industry conditions, Industry has to be updated with market insights on real time data. Such data helps the companies to make key decisions. For excellent results most of the e-commerce industries using real time data to analyse the customer requirements and emotions towards the products and services.
- Less data scientist. According to glasdoor, there is a shortage of professionals with data analytical skills across the world. Moreover, there is an acute shortage of about 2.5 million analysts who can make informed decisions based on information.
Sapalogy is helping the industries by offering AI based solutions to make precise decisions and streamline the business operations. As market has very less skilled data scientist so we have develop the module by which we can deliver skilled experts to fulfil the gap of 2.5 Million jobs vacancies across the nations. For more information visit our website www.ai.sapalogy.com