Artificial Intelligence is leading the new technological revolution and it is considered by many the new electricity. AI is transforming every industry and driving new ways for companies of being more efficient, profitable and innovative. In this post, we analyze the most popular AI solutions across 16 different industries.

Finance

The finance industry, including banking, capital markets and insurance companies have in common a high data volume, large historical records, and the quantitative nature of their operations. Due to these reasons, few industries are better suited for AI. Some of the most popular solutions in this sector are:

Fraud detection

Bots & Personal Assistants.

Risk assessment

Financial forecasting

Travel & Tourism

AI is disrupting the travel, hotel and tourism sector, changing the way businesses and individuals organize their transportation, connections and leisure time. Some popular AI solutions in this area are:

Product recommendation

Price optimization.

Healthcare

It is no secret that AI is expected to have a ground breaking impact in the healthcare sector. There are endless opportunities to leverage machine learning algorithms to deploy more precise, efficient, and impactful interventions at exactly the right moment for a patient. Some key solutions are:

Medical imaging

Automatic diagnosis with bots

Health monitoring with IoT telemetry

Predictive maintenance of medical devices

Retail, e-commerce & Consumer Goods

AI is becoming a one of the main drivers of shopping in retail, e-commerce and consumer goods. Machine learning gives businesses a strong competitive advantage and is available to businesses of any size or budget. Popular AI systems include:

Intelligent Inventory Management

Personalized Recommendations

Visual Recommendations

Manufacturing & Agriculture

The primary and secondary sectors are industries traditionally accessible to automation. Through machine learning, the extension of both human capabilities and the physical means of production can significantly accelerated innovation, optimize workflows and increase productivity. Some AI solutions for these industries are:

Predictive Maintenance

Intelligent Visual Inspection

Smart monitoring with IoT telemetry

Energy & Utilities

There is an ongoing fundamental shift in the way the energy, oil and gas industries are evolving, with a global demand for clean, cheap, reliable energy. AI is increasingly being used to help meet this need by enabling the growth of low-carbon, green electricity and optimization of processes. AI can add value in:

Energy Demand Forecasting

Well Production Forecast

Predictive Maintenance

Smart Telemetry through IoT

Media, Telco & Entertainment

Media, telco and entertainment industries have seen a dramatic transformation in the last decade due to digitalization. Now AI is transforming the sector even further. AI can increase the revenue and reduce costs by creating individualized content, drive decision-making processes and understanding customer behavior. Some key solutions include:

Customer Segmentation

Content Moderation

Churn Prediction

Personalized Recommendations

Logistics & Transportation

Logistics, supply chain and transportation processes are experiencing profound transformations due to AI. Machine learning makes it easy to analyze huge volumes of data in an efficient fashion to provide sophisticated analysis, simplify information and help professionals to make informed decisions. Popular AI systems are:

Route Optimization

Predictive Demand and Capacity Planning

Government & Education

AI represents a significant economic opportunity for any government or educational institution. 25 European countries have recently singed a declaration of cooperation around AI and many others have defined AI roadmaps at different levels. AI is a great opportunity to improve quality life standards and education levels of citizens. Key solutions in this area are:

Automation of administrative tasks

Face Recognition for Security

IT

Information Technology companies are some of the first providers of AI. Giants like Google or Microsoft already have AI solutions and are among the top contributors to AI research. There is still a lot of space for improvement and many IT companies can benefit from the innovations and transformation produced by AI. Key systems include:

Smart Security Systems

Knowledge Management

Consulting

Consulting companies are integrating machine learning and deep learning solutions within their service portfolio. Many of them are following an AI and automation first strategy: for every business problem they encounter, they look at how AI and automation can fix it. Popular AI solutions in consulting are:

In-house AI Development for Enterprises

Bots

Real Estate & Construction

Like any other industry, real state and construction are facing a challenging transformation. AI in the real estate and construction industries has the ability to reduce operational costs, improve customer service and improve efficiency. Some solutions in this area are: