For example, Amazon has launched a smarter new microwave that works with Amazon Alexa (AI technology that powers Amazon Echo devices). Several militaries claim to leverage machine learning, working with contractors and companies in some cases to deliver AI solutions. Introduction Automation is revolutionizing business processes, both customer-facing and back-office. According to this site, there were over 1.2 million people working as accountants or auditors in the United States as of the year 2016. Practically every business process will be changed and taken over by artificial intelligence, since AI can be trained to do almost everything that involves a process, and do it better than a human. There are already movie trailers edited by AI and pop songs produced by it, and they are getting better. All the major providers of CRM software are already integrating AI features into their tools, such as predicting customer needs and analyzing their buying processes on a granular level. endstream endobj 508 0 obj <>/Metadata 13 0 R/Outlines 19 0 R/PageLayout/SinglePage/Pages 505 0 R/StructTreeRoot 24 0 R/Type/Catalog>> endobj 509 0 obj <>/Font<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 510 0 obj <>stream How it's using AI in healthcare: Johns Hopkins Hospital recently announced a partnership with GE to use predictive AI techniques to improve the efficiency of patient operational flow. of the AI use cases identified in our study. “Incorrect billing can cost millions of dollars, and in some cases, it can even be viewed as fraud,” Andriole said. Even having a basic rule-based chatbot, which would be pre-programmed to answer about 30 – 40 of your customers’ most frequently asked questions, would be better than having nothing at all. While the web is full of articles on chat bots and conversational interfaces, AI and its subdomains like machine learning can improve end to end customer experience. Since most of the work accountants do on a daily basis is repetitive and rule-based, most of it can and will be automated by AI. The first category discusses 10 examples and use cases related to business processes that will be changed by artificial intelligence, and the second covers 10 examples and use cases related to industries being changed by AI. It is impactful because of the huge amounts of time and resources it can save for companies, and scary because it can be used for dishonest purposes such as manipulating voters during an election. The following report is titled "Ten Use Cases for Banking." However, what really showcases the remarkable power and effectiveness of AI is the speed with which it was able to successfully complete the task. In order for AI to work it needs data. captured * demographic info. Autonomous cars, planes and boats will change the transportation industry completely. data privacy enabled by synthetic data) is one of… View Post. The report also provides real-world Most robotic process automation is currently “rule based,” meaning it does not include AI. The fascinating results illustrated below demonstrate AI’s astonishing ability to outperform a human legal team. This will surely become commonplace in most airports worldwide. As we are living more and more in the digital economy, it is becoming increasingly vital that business leaders use AI and data to make decisions. �dp����Y���QunwD +�pl�m�X�Q�mWè�����y�P�k���f$��=ۙ@E�56ۛ)�v��bQ*5�d�8fTp�¶�x�e-ʉ)�(WN��irS(/,��8��� Several AI-based applications like IBM’s Watson can perform comprehensive research for businesses, completing tasks such as comparing their competitors and producing detailed reports. Our technology has the potential to revolutionize a multitude of industries, improving efficiency through optimization of existing systems. However in the future we will see several other use cases and examples of artificial intelligence. AI-powered personal assistants like Amazon Echo, Google Home and Apple HomePod are examples of virtual assistants that can perform basic tasks, but will become increasingly smarter over the years to come, getting better and better at handling most of our daily activities. Techemergence’s AI Industry Overview states that among all industry sectors, finance, healthcare, and marketing deal with the highest volumes of multi-structured data. AI technologies will bring great improvements to inventory and supply-chain management. account when deploying complex AI use cases. 01 AI and risk management | Innovating with confidence. 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