How Artificial Intelligence benefits companies and ups their game

After decades of false starts, Artificial Intelligence is already pervasive in our lives. Currently, deployed key AI-based solutions, across industry verticals, include: Predictive analytics, diagnostics and recommendations: Predictive analytics has been in the mainstream for a while, but deep learning changes and improves the whole game. Royal Bank of Scotland launched Luvo, a natural language processing AI bot which answers RBS, Natwest and Ulster bank customer queries and perform simple banking tasks like money transfers. General Electric is an example of a large multi-faceted conglomerate that has adopted AI and ML successfully at a large scale, across various functions, to evolve from industrial and consumer products and financial services firm to a ‘digital industrial’ company with a strong focus on the ‘Industrial Internet’. GE’s successful acquisition and integration of innovative AI startups such as “SmartSignal" to provide supervised learning models for remote diagnostics, “Wise.io" for unsupervised deep learning capabilities and its in-house the data scientists, and of “Bit Stew" to integrate data from multiple sensors in industrial equipment has enabled the company to evolve as a leading conglomerate in the AI business.