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How Businesses are Using AI to Win

Thursday, February 10, 2022

We have worked with companies from a variety of industries and they are increasingly deploying AI to improve efficiency, reduce costs, increase revenues, and transform their business.

Here are some ways AI is being applied across different industries.

FINTECH

AI is excellent for enhancing advisors' productivity by automating and optimizing repetitive tasks and processes.

  • Client risk profiling
  • Contract analysis
  • Cash flow prediction
  • Credit score finetuning
  • Fraud detection
  • Churn prediction

SUPPLY CHAIN

An integrated end-to-end approach can address opportunities and constraints of all business functions, from procurement to sales.

  • Predictive analytics for cost reduction on maintenance
  • Demand forecasting for inventory planning
  • Automated warehouses
  • Damage detection

HUMAN RESOURCES

  • Candidate matching and bias removal
  • On-the-go talent management
  • Employee churn reduction
  • Inclusion and equality promotion
  • Data aggregation
  • Chatbots

CYBERSECURITY

  • Cybersecurity platform to detect attackers in real-time
  • Perform incident investigations
  • Privacy compliance and data correlation 
  • Contract management and risk minimization

MARKETING & SALES

  • Business intelligence for sales forecasting 
  • Content creation and curation
  • Personalized campaign creation 
  • Forecasting platform for end-to-end sales analytics 
  • Chatbots

DATA ANALYTICS

  • Discover new insights
  • Unify analytics and customer data
  • Predict business outcomes
  • Demand forecasting

E-LEARNING

  • Smart learning content creation – from digitized textbook guides to customizable learning interfaces
  • Virtual facilitators and learning environments
  • Content analytics for learning module optimization

E-COMMERCE/RETAIL

  • Website personalization for delivering targeted offers
  • Recommendation systems for improved product offering
  • Pricing optimization 
  • Auto-generated product descriptions 
  • Self-checkout systems
  • Chatbots and voice assistants in customer service

INDUSTRIAL/PROJECT MANAGEMENT

  • Quality control for cost-saving and efficiency
  • Demand forecasting to decrease lost sales
  • Predictive analytics for cost reduction on maintenance 
  • Defect detection throughout production
  • Automation to decrease human error and improve employee productivity
  • Risk modeling and analysis
  • Resource schedule and allocation optimization

HEALTHCARE

  • Biometric remote patient monitoring
  • Voice-based virtual assistants 
  • Process automation from surveillance of biometric data to early illness detection
  • AI-powered two-way appointment reminders
  • Fact finding and information assistance

AUDIT/RISK & COMPLIANCE/ACCOUNTING/LEGAL

  • Automation of routine tasks for minimized human errors 
  • Anomaly detection and risk identification
  • Contract analysis
  • Privacy compliance

These are just some of the ways AI can be applied in different industries. If you're curious, let's chat about how AI can address your unique business needs.

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