Legal Knowledge Management and the Rise of Artificial Intelligence
Robotic Refactoring the Workplace
Why Your Next Insurance Claims Processor Could be a Robot
Building an AI Based Machine Learning for Global Economics
The Forgotten Element in Your Big Data Strategy
HK Bain, CEO, Digitech Systems
Natural Language Processing and the Future of Customer Service
Eugene Willard, CIO, LaserShip, Inc.
AI is not just for Silicon Valley: Powering Changes in the Energy...
Chris Shelton, President, AES Next, The AES Corporation
Beyond the Hype - Exploring AI Potential and Pitfalls
Chuck Monroe, Head Of AI Enterprise Solutions, Wells Fargo
Thank you for Subscribing to CIO Applications Weekly Brief
A key element for Retail Companies in achieving ROI results
As we already know, Artificial Intelligence (AI) is one of the fastest growing technologies, which solve a lot of practical challenges faced by humankind. The use of AI in the field of business, always help in optimizing the industrial operations in terms of time, cost and labor. Many large and small scale retailers have employed AI-based applications to achieve productive as well as financial goals.
Predicting human behavior has become way easier than ever with the use of artificial intelligence. Diverging into applying other supportive concepts such as machine learning, video analytics, etc. favor easy prediction of human conduct. As a result of the same, we have cars 0and other such bots, which are technically safe and sound, resonating in the current software industry.
Check out: Top Retail Technology Companies
With these remarkable advancements and result-driven applied sciences, investing in artificial intelligence can seamlessly bring a rise in the graph of profits and returns, a business can expect. Axios, an HTTP solution company shared that its venture capitalist has invested around $8B in the year of 2018. Every successful investment plan throws light on the returns: the fact that the investing parties would get huge benefits and gains cannot be denied. However, investing in AI has still not answered a couple of questions concerning the cost of taking risks, the amount spent on machinery, resources and grounding processes, and the answer for who exactly would be getting a chance to enjoy huge returns remains unclear.
The idea of self-driving cars sounds cheesy. It attracts today’s business and tech aspirants but, the car insurers might have to see a downfall in receiving their share of profits as the AI technology involved in the making of car bots do not need to get insured. Investing in AI might be a boon to a few retailers but for others, it may be a pitfall.