OutSystems.AI for Applications
Welcome to my guide to "Artificial Intelligence Examples!” I’m eminently qualified for this role because I started out my storied career as a museum guide and cataloguer. In this article, I’ll delve into the fascinating world of artificial intelligence and share examples of how it's being used. My tour will span various industries, from the intricacies of healthcare to the labyrinthine world of finance, insurance, manufacturing, and the bustling bazaar of retail. So, buckle up for an exciting ride as I unravel the ways AI is reshaping our world.
The Rise of Artificial Intelligence
Artificial intelligence might seem like a buzzword because of the way it’s thrown around by the media, business, and industry analysts. As a result, it’s easy to lose sight of the fact that it’s a transformative technology that's making waves in numerous sectors. Make no bones about it; the AI market is huge. In fact, the rise of artificial intelligence (AI) has been nothing short of a technological revolution. Over the past few decades, AI has evolved from a theoretical concept to a pervasive force in our daily lives. Its growth is driven by advances in machine learning, big data, and computing power.
AI Examples in Different Industries
Today, artificial intelligence is transforming industries, from healthcare to finance, and is poised to continue reshaping the way we work, live, and interact with technology in the years to come. So let’s look at how that is playing out in just a few industries, one by one.
Artificial Intelligence in Healthcare
In the realm of healthcare, AI reigns supreme. From predictive analytics and modeling to image recognition, AI-powered applications are enhancing patient care and improving diagnosis accuracy. Picture this: AI algorithms scrutinizing medical images like X-rays and MRIs, helping healers spot anomalies with precision. Not only does this save precious time, but it also could be the linchpin in early disease detection.
As for AI apps in healthcare, the medical landscape is teeming with AI apps that monitor patients, manage medications, and offer instant medical counsel through savvy chatbots.
Artificial Intelligence in Finance
Turning our gaze to the world of finance, we witness AI's magic at work in all aspects of the sector. AI-driven algorithms meticulously sift through oceans of financial data, deciphering market trends, and making investment decisions that leave human counterparts in awe. Fraud detection, risk assessment, and customer service enhancement are also on AI's impressive resume. AI-driven chatbots handle customer inquiries with finesse, providing swift and precise answers.
Personal banking and investment is where you are most likely to find AI apps in finance. These AI apps assist individuals in managing expenses, planning for the future, and simplifying budgeting.
Artificial Intelligence in Insurance
In the realm of insurance, AI is rewriting the underwriting playbook, assessing risks with newfound accuracy and fairness. Claims processing, once a cumbersome ordeal, now races to resolution, thanks to the automation brought about by AI. Chatbots and virtual assistants, the vanguards of customer support, are ushering in a new era of efficiency.
In the world of AI apps for insurance, carriers are rolling out generative AI apps that use natural language processing to grant customers the power to obtain quotes, file claims, and track policy statuses using prompts instead of “canned” bot questions. Ricoh created a claims management application that harnesses document imaging, AI, ML, natural language processing, and RPA to expedite claims intake, validation, and resolution. The result? Improved customer satisfaction and retention.
Artificial Intelligence in Manufacturing
In the sprawling factories of manufacturing, AI scripts a story of heightened productivity and precision. Predictive maintenance based on machine learning models is the harbinger of equipment longevity, analyzing equipment data to forestall catastrophic breakdowns. AI-driven robotics, model simulations such as digital twins, and automation dance in choreographed harmony, elevating production to unprecedented levels. Quality control relies on image recognition and defect detection, assuring flawlessness.
AI apps in manufacturing have a wide range of uses. Fueled by AI, they optimize production, equipment monitoring, and supply chain management, ensuring a smooth industrial symphony.
Artificial Intelligence in Retail
Finally, in the bustling virtual and physical centers of retail, AI orchestrates a shopping extravaganza like no other. Personalized recommendations, rooted in individual preferences and purchase histories, raise customer satisfaction and sales figures. Inventory management becomes a fine art with AI-driven demand forecasting, mitigating waste and ensuring products are always in stock when the shopper comes calling.
AI apps in retail are everywhere. Countless applications from all manner of retailers offer a seamless shopping experience, from virtual try-ons to the enchanting world of cashierless checkout.
How OutSystems Supports Artificial Intelligence Solutions
Now that I've taken you on a tour of various AI examples in different industries, you might be wondering how you can implement AI to improve productivity, increase efficiency, and drive new revenue for your business. It starts with a decision to build custom AI applications and software that meet the unique needs of your business and customers. OutSystems, a leading low-code development platform, can be your partner in this journey.
A unique high-performance low-code platform, OutSystems enables you to build AI-powered apps in a matter of minutes with connectors to common services from Microsoft, Google, Amazon, and other third-party providers. With OutSystems, you can weave first-class conversational engagement into web and mobile experiences. Or add natural language processing (NLP) and sentiment analysis to your apps and systems to determine how your customers are feeling. If you need to extract text, key/value pairs, and tables from documents, forms, and receipts without manual labeling or intensive coding, OutSystems has a connector for that, too.
The Power of AI to Change Your Business is Real
Since she first used a green screen centuries ago, Forsyth has been fascinated by computers, IT, programming, and developers. In her current role in product marketing, she gets to spread the word about the amazing, cutting-edge teams and innovations behind the OutSystems platform.See All Posts From this author