The digitisation of the business and economy is happening at a rapid pace. If digitisation in less than a decade before only used to mean web and mobility for businesses, now it expanded into artificial intelligence, big data analytics, Blockchain, cloud computing, industrial internet of things, Machine Learning and a host of several other technologies. The expanse and opportunity of digitisation have expanded across multiple avenues. But none has pushed digitisation as much as the artificial intelligence (AI).
Artificial intelligence is not just about mimicking human intelligence in performing certain repetitive tasks but it is also about learning from human responses and activities and proactively adapting to human interactions. Any digital interface ranging from the web, mobile app to connected gadgets in the industrial ecosystem, all are now increasingly becoming more automated, adaptive and proactive thanks to AI.
Here we are going to explain some of the principal ways AI is shaping the digitisation of businesses and industries.
- 1 AI and Machine Learning Based SAP HANA
- 2 DOMO: AI-Powered Business Dashboard
- 3 Apptus, The AI-powered Sales Boosting Solution
- 4 AI For Digitisation In Healthcare
- 5 General Electric Is Using Predictive Analytics For Efficient Repairs And Upkeep
- 6 AI Powering Digitisation In The Financial Industry
- 7 AI-Powered Digitisation In Education
- 8 Conclusion
AI and Machine Learning Based SAP HANA
AI is now powering several leading business intelligence apps and platforms. SAP is using AI for transforming databases into most useful business intelligence. HANA, the cloud platform of SAP in this respect play a big role. It absorbs various types of structured data from different business processes and data sourced from apps and multitude of avenues and replicates them as and when necessary.
Walmart, the leading retail chain uses HANA for the express purpose of nearly instant processing of its voluminous transaction records. This allows Walmart to fast pace the operation and calculate back office costing easily and without the slightest delay. As HANA is known to store the replicated data into the RAM rather than regular storage, it allows accessing data almost in real time. This is why for faster data-driven decision-making SAP HANA became the most intelligent solution for many major businesses.
The benefits of utilizing platforms like HANA that are actively powered with machine learning is really huge. According to the latest report by International Data Corp, close to dozen organizations across niches expressed that they expect an increase of more than 500% in return on investment thanks to the reduced backend cost and increased operational efficiency ensured by SAP HANA platform.
DOMO: AI-Powered Business Dashboard
If SAP with its Machine Learning based HANA cloud platform has created a seismic effect in terms of boosting efficiency across business organizations, it has shown the path to other innovative AI-powered applications as well. Domo which has recently gone up to global recognition as an AI-powered dashboard is a great example. This dashboard by gathering user information and processing them through a powerful AI-powered algorithm can help the decision-making process in large as well as small enterprises.
Domo looks irresistible as more than 400 native software allows Domo dashboard to collect and process data from various third-party apps and turning them into valuable business insights. Presently, a vast array of big names in online retail and digital platforms including Facebook, Salesforce, Square, Facebook, Shopify, and several others uses Domo dashboard. The platform now became more powerful thanks to the introduction of Roboto, a set of several new features based on AI and Machine Learning.
Apptus, The AI-powered Sales Boosting Solution
Apptus is an AI-powered solution that boosts sales by churning out more precise recommendations based on user activities and interactions. Besides, Apptus eSales solution is also equipped to automate the merchandising process on the basis of predictive analysis of consumers. Various ecommerce stores and online solutions are benefiting from Apptus’s AI-powered sales boosting solution.
AI For Digitisation In Healthcare
AI is strengthening and spearheading digitisation in healthcare with full force. Leading healthcare service providers are increasingly depending on AI-powered digital platforms and solutions for faster decision making, diagnosis, patient monitoring, and precise and timely treatment. Two nice examples are Babylon and GP at Hand. These are two apps that work as good as a psychiatrist professional right from the phone and continuously monitor and effectively guide a mental patient to stay stable. Apart from this, AI is also being used for generating preventive medicines based on data of individual symptoms and conditions.
General Electric Is Using Predictive Analytics For Efficient Repairs And Upkeep
In heavy industries, the involvement of advanced sensors opened the door of AI-powered digitisation and data gathering for producing precise analysis and insights. In the case of General Electric Predix Operating System, the historic performance of the equipment data is analyzed to predict the failure, lifecycle and future performance of equipment.
AI Powering Digitisation In The Financial Industry
One of the biggest beneficiaries of AI-powered digitisation has been the financial sector. From insight-driven intelligent decision making for investors to monitoring frauds and vulnerabilities based on intelligent data-centric inputs, artificial intelligence and machine learning is delivering never-before promises to transform the efficiency of the financial sector.
AI-Powered Digitisation In Education
As online education and e-learning platforms are getting more traction, more efficient and result oriented learning systems are increasingly getting the focus from policymakers. The new breed of Machine Learning and AI-powered digital education apps and e-learning systems are paving the path for more individualized courseware and learning curriculum based on individual metrics, intent and capacity. In the time to come, we can expect AI-powered digitisation to play a major role in shaping the future of e-learning and online education.
From the above-mentioned examples and elucidation, it is now clear that AI-powered digitisation across industries can significantly ensure efficiency, cost advantages, and direct customer benefits. Undoubtedly, all these cumulatively offers a business competitive edge in the market. When you need to beat the rising wave of competition not only to stay afloat but also to secure future growth, getting the power of cutting-edge technologies like AI and Machine Learning is no longer just options, but a necessity now. AI is here to stay and to transform businesses and lives more than ever before.
Atman Rathod is working as the Business Director at CMARIX TechnoLabs, a leading web and mobile app development company with 13+ years of experience. He loves to write about technology, startups, entrepreneurship, and business. His creative abilities, academic track record and leadership skills made him one of the key industry influencers as well.