Artificial intelligence is having a significant, and very real, impact on mainstream business and its growth after years of being in the hype cycle.
The Rise of Artificial Intelligence
If you’re not exploring what AI can do for your business, you won’t be around to tell the story
16
trillion in the economy by 2030
67
of large companies using AI by 2021
60
of decision-makers are using AI
The Present and Future of AI
More and more companies around the world are embracing and profiting from all the advantages that AI offers. Companies such as Amazon and Netflix have saved billions of dollars a year, and AI is expected to boost the global economy by trillions of dollars over the next several years.
Tumor Detection
A near-term application of computer vision is detecting melanoma
Tumor Detection
AI learns important features related to the disease from medical images and can then make predictions based on that learning.
Intelligent Analytics
AI can utilize a greater amount of data to make more accurate predictions
Intelligent Analytics
Once trained on data related to the chosen business area, AI can automate the analytics techniques used to make predictions and help decision-makers.
Recommendations
The key to online shopping is found in personalization
Recommendations
Retailers using AI can help you find and buy the products you’re interested in by creating a uniquely tailored experience.
Fraud Prevention
Daily transaction volume is too high to manually review transactions
Fraud Prevention
AI is used to create systems that learn what types of transactions are suspicious. This approach uses neural networks to predict fraudulent transactions.
Google Maps
AI is being used across all industries in companies big and small
Google Maps
Using anonymized location data from smartphones, Google Maps analyzes the speed and flow of traffic at any given time to find alternate routes
If you are still wondering whether AI can help, and whether it’s worth exploring and investing in, don’t stay on the sidelines too long, they won’t be around for much longer.
225% Decrease in click-to-ship time
Amazon.com’s inventory capacity has also increased by 50 percent while operating costs have been reduced by 20 percent, all with the help of AI.
The algorithms predict at which geographic locations certain goods are likely to be ordered and pre-stocks those warehouses with the goods. Their AI even determines where products should be located inside the warehouses for maximum efficiency.
Amazon has been refining their techniques to power its Prime Now service, which delivers goods to households within hours of ordering.
225% Decrease in click-to-ship time
Amazon.com’s inventory capacity has also increased by 50 percent while operating costs have been reduced by 20 percent, all with the help of AI.
The algorithms predict at which geographic locations certain goods are likely to be ordered and pre-stocks those warehouses with the goods. Their AI even determines where products should be located inside the warehouses for maximum efficiency.
Amazon has been refining their techniques to power its Prime Now service, which delivers goods to households within hours of ordering.
$1 Billion Saved / Year
Netflix executives and researchers say the savings from AI are due to an increased customer satisfaction with the service and its recommendations, which cuts down the number of customers who cancel subscriptions.
Netflix members lose interest in finding a video after 60 to 90 seconds of browsing, and in that time, “the user either finds something of interest or the risk of the user abandoning our service increases substantially.”
Helping customers find a video faster means they’re less likely to unsubscribe.