{"id":22636,"date":"2019-05-17T08:30:19","date_gmt":"2019-05-17T15:30:19","guid":{"rendered":"https:\/\/insidebigdata.com\/?p=22636"},"modified":"2019-05-18T08:16:38","modified_gmt":"2019-05-18T15:16:38","slug":"take-your-business-use-cases-to-the-next-level-with-ai-ml","status":"publish","type":"post","link":"https:\/\/insidebigdata.com\/2019\/05\/17\/take-your-business-use-cases-to-the-next-level-with-ai-ml\/","title":{"rendered":"Take Your Business Use Cases to the Next Level with AI & ML"},"content":{"rendered":"\n

When we think of \nartificial intelligence (AI) and machine learning (ML), we tend to think\n of a technology that is new and at the cutting edge. In reality, AI and\n ML have been around since the 1950s and 1960s. The\n concept of the technology hasn\u2019t changed; what\u2019s evolved is the \ntechnology that makes AI and ML easier to use and applicable to more \nindustries.<\/p>\n\n\n\n

The companies that are further along in their innovation journeys, those identified as digerati and digital experimenters, have already mastered the foundational technologies<\/a>. AI and ML are becoming a tool that smart companies are using to innovate on the foundation they have already put in place.<\/p>\n\n\n\n

This adoption of advanced\n solutions enables digital transformation leaders to create a wide \nvariety of use cases. Digital beginners struggle to leverage this \nadvanced technology, creating a competitive gap. AI\n and ML have expanded the use cases companies can utilize.<\/p>\n\n\n\n

Examples of these use cases include creating real-time, next best offers for customers similar to  how Netflix chooses new content to show to viewers, and the ability to approve a mortgage in seconds as opposed to days or weeks. Additionally, companies are able to apply technology to massive amounts of data that wasn\u2019t otherwise scalable.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Industry leader, TIBCO<\/a> released insights from a survey “CXO Innovation Survey” that polled 600+ c-suite executives about the key AI\/ML use cases that are being used in businesses today. According to the survey, data security is considered the top AI\/ML use case among c-suite executives. Here are the top rated AI and ML use cases:<\/p>\n\n\n\n

\u25cf      Data security (27.98%):<\/strong> use cases around data security include risk identification, early detection, operational improvement, and corrective action<\/p>\n\n\n\n

\u25cf      Real-time analytics (24.4%):<\/strong> AI\n and ML can be used to implement real-time analytics to identify \nfraudulent transactions, dynamic pricing, product offers, and more<\/p>\n\n\n\n

\u25cf      Personalized data visualizations and dashboards (24.4%): <\/strong>used to identify anomalies in the data, support predictive analytics, and suggest performance improvements<\/p>\n\n\n\n

\u25cf      Data integration, preparation, and management (23.21%): <\/strong>AI and ML is crucial to data and having a strong understanding of your data: who, what, when, where, and why<\/p>\n\n\n\n

\u25cf      Sales\/revenue forecasting (22.62%): <\/strong>used for accurate sales forecasting, contributes to year-over-year growth, and enhanced business control<\/p>\n\n\n\n

\u25cf      Personal security (19.64%): <\/strong>use cases include home surveillance, access control for events, and military defense<\/p>\n\n\n\n

As AI and ML grow it\u2019s up to smart, innovative companies to determine how they are best going to utilize it in a wider number of use cases. The implementation of these use cases is going to differentiate digital transformation leaders and laggards, ultimately is driving disruption.<\/p>\n\n\n\n

Sign up for the free insideBIGDATA newsletter<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Industry leader, TIBCO released insights from a survey “CXO Innovation Survey” that polled 600+ c-suite executives about the key AI\/ML use cases that are being used in businesses today. According to the survey, data security is considered the top AI\/ML use case among c-suite executives. Included are the top rated AI and ML use cases.<\/p>\n","protected":false},"author":10513,"featured_media":22304,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[526,87,180,67,56,84,222,1],"tags":[437,324,277,95],"acf":[],"yoast_head":"\nTake Your Business Use Cases to the Next Level with AI & ML - insideBIGDATA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebigdata.com\/2019\/05\/17\/take-your-business-use-cases-to-the-next-level-with-ai-ml\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Take Your Business Use Cases to the Next Level with AI & ML - insideBIGDATA\" \/>\n<meta property=\"og:description\" content=\"Industry leader, TIBCO released insights from a survey "CXO Innovation Survey" that polled 600+ c-suite executives about the key AI\/ML use cases that are being used in businesses today. According to the survey, data security is considered the top AI\/ML use case among c-suite executives. 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