Transforming Business with Artificial Intelligence

By CIOReview | Wednesday, February 7, 2018
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From autonomous cars to Siri and Alexa, Artificial Intelligence (AI) has a massive potential to disrupt the existing business paradigm for better results. AI has reached a critical upturn point, which will further augment and extend virtually every technology-enabled service, or application.  According to industry survey, 45 percent of organizations are expected to equip themselves with technologies like artificial intelligence (AI) and machine learning over next three years to optimize business processes, improve customer experience, automate repetitive tasks, and build their brand image.

In today’s technology-oriented world, the abundance of the Internet of Things (IoT) devices and connected technologies being presented daily are pushing the limits of innovation and raising expectations of every industry. Thanks to AI, this has given a distinctive edge to various industries to succeed in their digital transformation journey.

When it comes to the healthcare sector, “Cognitive Virtual Assistants—ROSIE and MAGGIE” are helping physicians and nurses to remember the patient medications and lab tests. AI is all set to revolutionize the healthcare industry in ways that positively impact physicians and their patients. The technology enables physicians to invest maximum time in attending patients face to face, while technologies like speech recognition powered by deep learning operate in the background, gathering and analyzing information to make it actionable.

AI is also shaping the high tech automated vehicle landscape of today and tomorrow. The invention of driverless car such as the Google car and Telsa has taken the automobile and transport industry to a whole new level of innovation.

Further, AI may have been new to sports five years ago, however now the times have changed. AI and machine learning are making their way into a number of sports industry applications, from chatbots to wearable tech and beyond.

All in all, AI has been successful in adding value to the business by integrating human orchestration and intelligence with enhanced processes and refined data—all delivered at lightning speed along with the self-learning power of AI capabilities.