Advanced algorithms can help draft and augment business models based on thousands of business cases and unique conditions that are relevant to the specific organization.
For example, AI can be used to radically improve marketing and customer service, and to optimize chain management.
Several businesses, governmental institutions, and academic institutions are already using AI to improve operations and value. All new organizational business models will need to take AI into account and capitalize on the great opportunities it can bring. This will enable them to continuously change and adapt to remain competitive in the current wave of fast technological and societal transformation. Worldwide examples include companies like Netflix, Airbnb, Facebook, Google, Amazon, Smart Finance and Uber.
To get a deeper insight into the use of AI in real-life situations, we are presenting below a few companies which are using AI in their everyday activities.
For example, AI can be used to radically improve marketing and customer service, and to optimize chain management.
Several businesses, governmental institutions, and academic institutions are already using AI to improve operations and value. All new organizational business models will need to take AI into account and capitalize on the great opportunities it can bring. This will enable them to continuously change and adapt to remain competitive in the current wave of fast technological and societal transformation. Worldwide examples include companies like Netflix, Airbnb, Facebook, Google, Amazon, Smart Finance and Uber.
To get a deeper insight into the use of AI in real-life situations, we are presenting below a few companies which are using AI in their everyday activities.
ARUTEC has begun to introduce AI in the business line related to process automation. Specifically, with a process that begins any design process for the manufacture of any mechanical installation: reading the Principle Diagrams (P&ID). A Principle Diagram is a drawing (pdf) that contains the Diagram with the representation of the items necessary to develop an engineering solution designed to manufacture a mechanical installation.
Renault and Dacia. A complete solution for car ownership is offered here. This includes financing as well as insurance solutions. AI is used in its operations to optimise troubleshooting, repair and service needs. AI is also used for targeted marketing. There is also a glass workshop, tire hotel and repair shop, as well as a petrol station.
the data that are available to assess creditworthiness and risk assessment. By contrast, a conventional bank only assesses a fraction of those parameters. One of the parameters Smart Finance uses in assessing the application is by quantifying the history of the phone battery. According to them, a lower percentage of charge on a phone battery is an indication of a higher risk of defaulting on the loan. Another interesting parameter they use is how confident the user is while filling in the application process. Assessing and making decisions that affect humans may not always align with what AI deems important.
predicted, with a high degree of accuracy, when a premature infant was developing an infection. Even though clinical symptoms did not present themselves until 48 hours later. The researchers and clinicians still do not know HOW the machine identified the onset of infection. But in this case, the important point was that it COULD. Ultimately, the team had to be comfortable working and acting on correlation, without fully understanding the causal relationship.
