Artificial intelligence (AI) refers to the application of traits associated with a human mind to a machine, such as learning or problem solving. The systems must be programmed and trained with a large dataset to think and mimic human actions. In business, artificial intelligence is often a reliable approach to optimize processes, save costs, and improve the return over investment into marketing or product offerings.
While the business applications of artificial intelligence and machine learning are endless, there are specific technologies and frameworks that can be leveraged by your organization. Below is a summary of potential AI solutions to consider.
Computer vision: object detection, image-to-text translation, image generation, image classification, and style transfer.
Text processing: Sentiment analysis, text similarity analysis, text processing, and chatbots and smart user interfaces.
Sound processing: Speech-to-text, text-to-speech, and speech and audio processing
Anomaly detection: Fraud detection, early warning systems, and trend-related alerts.
Process automation: Automation of orders, automation of repetitive tasks, forms processing, and data transfer.
Customer analytics: Sales and price optimization, churn and retention analysis, recommendation engines, and multi-layered segmentation.
Web analytics: Conversion rate optimization, attribution models, and ranking analysis.