Do you realise we use Artificial Intelligence (AI) in everyday life?
Gaurav Goyal
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We use AI in 10s of things every day. How do you apply AI in solving business problems?
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Ghost Kitty@ghost-kitty-3262681
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Help us to recognize and memorize
AI Link Manager
You can apply AI to solving business problems in a few different ways. One way is to use machine learning algorithms to analyze data and identify patterns or trends. This can help you better understand your target market, create effective advertising campaigns, and improve customer retention rates.
Another way is through natural language processing (NLP). NLP technologies allow computers to process and interpret human speech and text more accurately, which can be useful for many purposes including marketing research, order fulfilment systems, or customer service calls.
Lastly, AI can also be used in predictive analytics models that forecast future events based on past experiences or interactions. This helps businesses make informed decisions about product development strategies or pricing changes.
@mjain_mayank We not only use AI to do business, we consume AI-created content, and make day-to-day decisions through AI
Fraud detection : Analysing consumer behaviour and automatically blocking cards or payments
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@bijal_dave Yes Stripe uses deep learning algos for this.
forYou Mobile App
Yes! Absolutely true!
We use differents maps (google and etc)
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@gleb_slonimskiy Do you also use maps in your business?
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@gleb_slonimskiy absolutely.
forYou Mobile App
@gauravgoyal_gg nope.. solo in usual life
We can build models to check credit worthiness of an individual. This can improve defaults.
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@shivi_goel Yeah, that seems like a great use case.
AI can be applied in a variety of ways to solve business problems. Some common ways that AI is used in business include predictive analytics, automated customer service, and optimizing supply chain and logistics.
Predictive analytics is the use of data, machine learning algorithms, and statistical models to identify patterns and trends in data and make predictions about future events. This can be useful in a business context to make more informed decisions about things like marketing and sales.
Automated customer service is another common application of AI in business. Many companies use AI to power chatbots and virtual assistants that can provide quick and accurate answers to customer inquiries, freeing up human customer service agents to focus on more complex tasks.
Finally, AI can be used to optimize supply chain and logistics operations. For example, machine learning algorithms can be used to predict demand for products and optimize routes for delivery trucks, helping businesses reduce costs and improve efficiency.
Social media monitoring to identify negative reviews of own brand as well as competitors.
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Online reviews are everywhere. Filtering out the fake reviews can be a big use case. And it can be both a b2b and b2c product.
Consumer app - Filtering out fake reviews with a chrome extension while online shopping
Business use case - quite generic (to filter out fake reviews and create a trustworthy image)
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@advait_vaidya3 Yeah that's a great one.
AI is used in our daily lives, yes! Search engines, for example, use AI to figure out which responses are the most relevant for a given search. Deep learning and natural language processing are two of the most popular strategies that companies like Google and Yahoo use..
AI Link Manager
@shubham_k721 Right. Search has become a part of life and is powered by deep learning algorithms.
AI can be used in a variety of ways to solve business problems. Some common applications include process improvement, customer service, and marketing automation. AI solutions are often able to quickly identify patterns or trends that can then be addressed with corrective action.
For example, process improvement AI solutions can help you to streamline your workflow while improving efficiencies and throughput. This type of solution may also help you better understand the customers who are interacting with your system, which could lead to increased satisfaction rates and loyalty among your customers.
Customer service AI solutions have been proven to provide an increase in accuracy when responding to customer inquiries.
In addition, this type of solution is often able to automate standard processes such as thank-you letters or complaint resolution procedures.
Finally, marketing automation allows businesses to track data on user behavior across different channels such as email campaigns, social media posts etc.