Examples of the use of artificial intelligence in various industries and business sectors
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Price optimization, also known as dynamic pricing or demand pricing, enables companies to optimize price reductions. Optimal discounts minimize cannibalization and maximize revenue at the same time. Dynamic pricing is one of the easiest transformations a company can achieve. They have a direct effect on the end result and can be introduced within a few days.
Dynamic pricing
By creating connections between different goods, which are typically ordered together, commission times can be drastically reduced.
Bundling of goods
Recommendation systems use customer data to retain and improve customers with personalized recommendations via email, website search, or other channels.
Referral service
To prevent malfunctions or poor maintenance from leading to expensive downtime, an algorithm predicts the risk of equipment failure and the need for maintenance.
Predictive maintenance
AI can predict service cases and thus increase accuracy when planning service and maintenance.
Predicting service cases
Use machine learning to take your inventory and supply chain optimization to the next level
Inventory forecasting
Predicting energy demand and managing energy production.
Energy demand forecast
By using entity and sentiment analysis, emails can be automatically classified, which requires up to 40% less manual work.
categorize messages
With the help of chatbots, companies can create a kind of more dynamic FAQ page or use it internally as a tool to increase the productivity of their own employees.
Chatbot
Financial risk scoring
Credit scoring
Automated monitoring of clusters of side effects in patient feedback, forums, or EHRs, e.g. after the launch of a new drug.
Real-world data monitoring
Extraction of relevant information from emails, forms or photos to pre-qualify liability and comprehensive claims.
Automated claim recording
NLP analyses doctors' letters and clinic reports for clarity, risks and medical advice for more structured communication with patients.
Automated comprehension of findings
Machine learning classifies hospital cases faster, comprehensibly and auditable for billing and quality assurance.
Automated ICD Ops Coding
Automated search and summarization of thousands of studies on protein behavior, receptor action, or metabolism.
NLP for drug discovery
Automatic reading, allocation and further processing of delivery notes, bills of lading and invoices.
Intelligent document processing logistics
According to Leufkens et al. (2012), typical colonoscopy screenings miss 22% - 28% of polyps and 20% - 24% of adenomas. Using machine learning, the live 2D image from colonoscopy can be reconstructed into a 3D model of the large intestine, which highlights segments that require additional coverage.
Improved colonoscopy
Predictive models for bed utilization, emergency room figures or staff-intensive services improve planning & shift management.
Healthcare resource forecast
Early identification of delays, bottlenecks, or data inconsistencies using supervised and unsupervised learning processes.
Supply chain anomaly detection
Risk analysis and dynamic developments in the investment and capital market sector — with the help of predictive models based on daily updated parameters.
Portfolio forecasts & scenario simulation
Computer vision to identify and classify packages, pallets, or damaged units.