In our previous blog post we have discussed three potential ways of how Enterprises in Singapore and UAE can benefit from using ML, Computer Vision and AI. Here we want to add three more potential use cases.
Market research and Customer segmentation
ML business applications help businesses in setting prices; as well as assist businesses to provide the best goods and services to the areas in demand at the appropriate time by dividing customer in segments and predictive inventory planning.
For instance, retailers utilize ML to predict the inventory that will sell the most in which of its outlets depending on the the demographics of that area, seasonal conditions influencing a certain outlet, and other data points – including the trending news on social media. This ML application can be used by most of Fortune 2000 companies! From the finance industry (when ADCB bank asses your risk potential) to Grab/Careem deciding on what promo voucher to send to you.
Fraud detection
The AI and in particular machine learning has ability to decipher patterns – and to immediately detect anomalies that manifest outside those trends – makes it an excellent tool for identifying illegal activities.
In fact, businesses in the financial sector have successfully been utilizing ML in this aspect for many years. Most of industries that could benefit from use of this technology would be: retail, insurance, travel, gaming and financial services.
AI in Food Management
May come as a surprise, AI can even be used in the food industry!
AI and machine learning can benefit a large field of the food industry. The main use of AI is the numerous possibilities to optimize and automate processes. They also help to save a lot of money and reduce any kind of human errors that can possibly occur in the industry.
AI and machine learning can contribute to the development of restaurants, bars, and café businesses as well as in food manufacturing. The advanced AI technologies and Depp Learning tools can be used for improving the quality of the production of fruits, vegetables, animals by analyzing and performing various computations to generate data and information about the best methodologies.
Final Thoughts
At Vostok AI we see that AI & ML business applications are rapidly being used in businesses for many great reasons. They lower the cost, improve accuracy. reduce errors and fast-track the work process, for both the customers and employees.
This is why more innovation-oriented companies in Singapore, Dubai, Abu Dhabi are looking for ways to incorporate machine learning to drive new business opportunities that will make their brand stand out of their competitors. Contact our team today to know more about how AI can benefit your business or industry.