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What Artificial Intelligence can Do for Your Business?

October 27, 2018 by NXG Labs Team

Technologies are getting more accessible and applicable for businesses, due to rapid growth in artificial intelligence. This is a great news for business owners to grow their business. With the help of AI, we can build thousands of computers that could all work simultaneously to solve our most complex problems.

AI has transformed almost each and every industry and will continue to do so. In this article, we will study how AI has brought change into App development, retail, travel and IT industries so that we could get a better idea of how AI interacts with different businesses.

  • AI in App Development

You can find artificial intelligence in one of the most popular app such as Instagram where you could check Instagram explore page. Chances are, you would see suggestions to follow accounts which are mainly of your own interest. This is nothing but the simplest example of AI. AI analyses which accounts you follow, which accounts you visit and what post you like. Then it takes that data to show you, on the suggestions page. Same with all other apps such as Amazon, Flipkart, Myntra etc. This is just a small example of, how AI has drastically impacted on app development. This has reduced the complex coding of developers. Because of this reason, AI has become the most powerful marketing tool which apps can use in today’s business environment.

  • AI in travel industry

When you want to go traveling you book a flight, nearest hotels and restaurants are recommended to you by location and price. That is nothing but an AI who is trying to help you out. In the same way apps of travel and tourism industries use AI to make travel experience better.

Travel websites and supply stores will often help you to plan your trip using AI. In fact, there are chatbots, that will directly guide you to plan your trip. AI has brought the drastic change in the travel industry, which makes your travel experience as painless as possible.

  • AI in Retail industry

When you buy any product online such as mobile, then you get one pop up as customers who bought this mobile, also loved these mobile covers!! That’s again an AI, this helps to improve customer service and to earn more profit.

  • AI in service management and software development

AI has its uses in all the industries, from customer support to the software industry. In the software industry, machine learning and deep learning are the two techniques which are used frequently. In these approaches, an engineer does not give the computer rules for how to make decisions and take decisions. Instead, it creates and prepares domain-specific data and is fed into learning algorithms. This data is iteratively trained and continuously improved.

Machine learning can sort down from data what features and patterns are important without humans encoding this knowledge. Outputs of machine learning language can surprise humans and highlight details we have never thought of ourselves.

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