Artificial Intelligence: Way to Transform Industries GloballyBy CIOAdvisor Apac | Friday, November 30, 2018
Incorporation of Artificial intelligence in routine applications has become inevitable for most sectors be it software, retail, medicine or even hospitality today to cater to clients better. For instance, an AI-powered, intuitive e-commerce platform that employs predictive algorithms and suggests a product list based on a user's online purchase behavior can significantly enhance the user experience. AI can help in the development of products and solutions tailored to match customer psyche and immensely help in improving brand perception. Several organizations belonging to myriad sectors have begun to seek the assistance of AI experts to gain a competitive edge. A standing example is Boxever, a trusted partner of various companies belonging to the airline, retail, financial services as well as travel & hospitality verticals to address client needs.
According to business magnate Elon Musk, CEO of Tesla and SpaceX, an AI-triggered futuristic breakthrough will be the employment of robots who exhibit human behavior in routine tasks and alleviation of manual intervention to a very large extent. Quite recently, OpenAI, a non-profit AI research company had several online sources abuzz for apparently developing a system that can imitate a task by merely observing a demonstration. Experts opine that AI-powered robots will be a double delight for industries since they would accelerate task performance efficiency and drastically reduce operational costs. Siri, the latest offering of technology giant Apple, and renowned car-manufacturer Tesla's highly sophisticated car fleet are current orchestrations of AI-powered automation. Hence, embracement of the technology is quintessential for enterprises to steer ahead of the competition.