Many large tech companies are already developing artificial intelligence solutions. It allows these companies:
- Automate and improve complex analytical tasks
- Look at data in real-time, adjusting its behavior with minimal need for supervision
- Increase efficiency and accuracy
Artificial intelligence will eventually hit almost every industry on the planet. Here are some ways AI can help change some industries.
Cyber Security
Silence, one of the industry leaders in cybersecurity, applies artificial intelligence to cybersecurity in a preventative and give way.
According to Silence CEO and President Stuart McClure, their AI prediction technology sees millions of files and attacks. By understanding this mathematical DNA, they can prevent and protect against future attacks.
“It looks like we’re really tingling attacks. We’ve learned through the AI machine what the DNA of these attacks is.”
Reducing Energy Costs
Companies in the energy sector can use artificial intelligence through vast datasets to predict and adapt to certain scenarios. They can reduce operational costs and reduce problems in the following ways:
- Increase automation
- Optimize asset management
- Improve operational performance
- Identify efficiencies
- Decrease downtime
Healthcare
From detecting early forms of cancer or disease to diagnosing MRI scans — especially data-driven — machine learning technology brings huge benefits to the health care industry.
By analyzing large amounts of medical data, AI can help doctors give their patients faster and more accurate treatment and learn from making better decisions going forward.
For patients, the AI-driven health care system can ease some of the burdens on a system that is struggling to keep up with the ever-increasing demand. Keeping this technology in your pocket can help you make better health decisions, diagnose disease and other health risks early, avoid expensive procedures and live longer.
Consumer Goods and Services
From Google search to self-driving cars. Netflix uses AI to give users what they want by collecting consumer data in mind-blowing amounts. They know what to look for, at what time of day, when you pause, rewind, move fast or skip. From sentiment to watching habits, Netflix watches it all in real-time.
In 2016, SAP announced three programs to empower its ecosystem to make it's business applications smarter and create machine learning applications for customers.
These programs help solve problems by eliminating bias in recruiting businesses and automating the time-consuming invoice-matching process. SAP Clip is a revolutionary new machine learning-enabled intelligence that enables new levels of automation and new ways of doing business.
Finance
AI technology is being used to look at financial models to achieve high levels of trend analysis, predict future pricing models, identify new markets and predict supply chain risks.
Deep Knowledge Ventures, a Hong Kong-based venture capital firm, has announced that its program, called Vital, will be new to its board of directors. VITAL uses large amounts of data to make investment recommendations.
FuGenX technologies company also uses AI to help them make data-driven business decisions.
Government and the environment
The rapid synthesis and distillation of inputs can help inform governments in real-time about important social issues, the economy, and the environment.
By placing sensors on everything from streetlights to mountains, and then applying AI to that data, governments can:
1.Build cities that can live more
2.Reduce Poverty
3.Prevent crimes and terrorist attacks
4.Understand climate change
5. Government employees are looking out the window
The military is another area where big data can be used to gain insights into chaotic conflicts before they happen. By using satellite photo description capabilities, artificial intelligence programs can identify potential targets and threats.
By analyzing speech patterns in communication, artificial intelligence can look at certain words and phrases that refer to terrorist activity and respond quickly to the situation before it escalates.
Procurement
Cost analytics software is helping procurement departments to make the most of big data. With the help of AI, the procurement industry can overcome its biggest challenges.
AI software can provide:
1.Supplier risk analysis
2. Compare suppliers’ prices
3.Manage supply chain risks
4.Monitor exchange rates
5. Find the best value without compromising on quality
Helping and accelerating buying decisions can translate into huge savings for the company.
What does all this mean?
No matter what industry you are in, the potential for artificial intelligence is huge. Machine learning and rule-based analysis will greatly benefit you by finding new ways to reduce costs, create efficiency, and optimize work environments.
With more and more aspects of our lives and the work of generating large amounts of data, artificial intelligence makes data relevant and captures meaningful insights so that companies can make better decisions and improve their bottom line.
SAP Analytics Cloud is an analytics platform that uses AI in its predictive modeling. It uses great data visualizations with the intelligent user interface so you can gain contextual awareness and situational awareness of your activities to make smart decisions.
SAP Analytics Cloud uses machine innovation to help uncover insights from your data. Business users can:
1. Find out the key impacts of your KPIs such as revenue, churn, and productivity
2. Explore interactive charts and graphs automatically generated based on your query
3. Create time series forecasts to predict future outcomes based on historical data
Try SAP Analytics Cloud today and discover the power of Predictive Analytics.
