ENTERPRISE AI is the integration of AI enabled technologies (Machine learning, NLP, computer vision) and techniques within LARGE ORGANIZATIONS to enhance business functions. It encompasses routine tasks such as data collection and analysis, plus more complex operations like automation, customer service, and risk management.
● Companies can extract valuable insights about KPIs (key performance indicators) and refine their business strategies by using AI to analyze this data.
● However, that requires substantial investments in technology infrastructure and skilled personnel.
AI tools can forecast product demand, optimize inventory levels and identify potential disruptions in the supply chain ecosystem. This helps in reducing costs and improves responsiveness to market changes.
AI algorithms can help recognize patterns and flag unusual activities, reducing the ink of financial fraud, which is paramount in banking and online transactions. JPMorgan Chase employs AI for real-time analysis, allowing for prompt identification of irregularities, protecting both the financial institution and the customer.
Route optimization and real-time tracking are most widely employed use cases of AI in logistics.ML supply chain algorithms that analyze historical data and real-time data for the most efficient delivery routes, helping reduce fuel consumption and improving the overall operational efficiency. FedEx uses AI for smart package sorting and tracking, with AI, they automate sorting and tracking. WithAI, they automate the sorting process in distribution centers, ensuring the efficient handling of packages.
AI is crucial in identifying cybersecurity threats; by analyzing network traffic and unusual patterns.
AI algorithms leverage patient data to tailor personalized treatment with industrial health records and genetic information. IBM WATSON HEALTH utilizes trends like cloud computing to analyze medical literature, segmenting clinical trial data and patient records, the company provides insights for personalized treatment plans.
AI algorithms analyze customer data behavior and preferences to offer tailored suggestions, improving the shopping experience. It also optimizes inventory management, ensuring efficient stock levels and reducing the likelihood of overstock or stock outs. Amazon uses AI for personalized recommendations based on customer browsing and purchase history.
- Integration of AI to understand students’ patterns and preferences , adapting content to individual needs and preferences, adapting the content for an effective learning experience helps create a better environment for both students and educators. COURSERA uses AI for personalized learning experience, improving the student engagement and outcomes.
In autonomous vehicles, AI algorithms process data from sensors and cameras, enabling features like autonomous driving and advanced driver-assistance systems. Also, in-car AI systems contribute to personalized user experiences, like voice recognition, predictive navigation, and advanced infotainment. TESLA utilizes AI in its electric vehicles for autonomous driving capabilities.AI systems analyze data from sensors and cameras to enable features like Autopilot and Full Self Driving.
For manufacturers, one key application is in predictive maintenance, AI analyzes cloud-based data from sensors on machinery to predict potential equipment failures, this proactive approach reduces unplanned downtime, lowers maintenance costs, and optimizes overall equipment effectiveness. SIEMENS, creating a data-based response management strategy, the company reduces unplanned downtime.
With sustainability technology trends leading the hospitality industry, hotels can utilize AI to develop smart room controls and energy management systems, which contribute to better guest experiences. Businesses also utilize ML & AI to better analyze guest preferences and tailor offers based on the collected data. HILTON uses smart energy management, with sensors and AI systems, they monitor and control heating, cooling, and lighting based on tenancy, thus reducing costs.
In the energy sector, AI is harnessed by reservoir modeling and optimization; analyzing geological and production data to optimize reservoir management strategies, which results in improved production efficiency, increased oil and gas recovery, and optimized field development. EXXONMOBIL, with the help of production data, enhances decision-making, leading to increased resource recovery and optimized field development.
IBM WATSON renowned for its ML, NLP and AI-powered analytics and automation tools. Watson is popular for its ability to analyze large volumes of data, making it a suitable choice for healthcare, finance, and customer service industries.
MICROSOFT AZURE AI part of Microsoft’s cloud platform, services include ML, bots, cognitive services, and knowledge mining.
AMAZON WEB SERVICES (AWS) Lex for chatbots, Rekognition for image and video analysis and sageMaker for building, training and deploying ML models.
DataRobot is an example of a smaller firm with a wide range of features for building, deploying, and managing AI models and a large library of pre-built models.