Understanding AI/ML Use Cases
Artificial Intelligence (AI) and Machine Learning (ML) are transforming industries across the globe, enabling businesses to drive innovation, improve efficiency, and make data-driven decisions. Understanding the practical use cases of AI/ML can help businesses identify opportunities to implement these technologies effectively. Here are some of the most prominent applications: 1. Predictive Analytics and Forecasting One of the most widely adopted AI/ML use cases is predictive analytics. Businesses leverage machine learning models to analyze historical data and predict future trends. This is especially valuable in industries like: Retail : Forecasting customer demand for better inventory management. Finance : Predicting stock market trends or identifying credit risks. Healthcare : Anticipating disease outbreaks or patient health risks. 2. Customer Experience Enhancement AI/ML tools can personalize customer interactions, ensuring businesses meet individual preferences. Use cases include: ...