AI is the new paradigm that every company is trying to move to. As per the Mckinsey report (https://www.mckinsey.com/featured-insights/artificial-intelligence/notes-from-the-ai-frontier-modeling-the-impact-of-ai-on-the-world-economy), by 2030, 70% of companies are expected to adopt at least one AI technology. Let's look at different applications of AI by industries:
- Retail:
- Supply chain optimization
- Customization of shopping experiences by micro targeting
- Pricing of products and holiday discount calculations
- Custom product placement in retail stores to increase sales
- Social Networks (Facebook, LinkedIn, Twitter):
- Friend/follower recommendations
- Home feed customization to increase engagement based on past history
- Fake news/fraud detection
- Healthcare:
- New drug discovery
- Automated medical imaging
- Recommending workouts/food through data...
