Benefits which MNC’s are getting from AI/ML

Artificial intelligence and machine learning are among the most significant technological developments in recent history. Artificial intelligence is moving forward, and whether we like it or not, machine learning will play an essential role in our technological future. The largest and best companies in the world already know this, and they are investing heavily in AI.

What Is Artificial Intelligence (AI)?

Artificial intelligence is based on the principle that human intelligence can be defined in a way that a machine can easily mimic it and execute tasks, from the most simple to those that are even more complex.

some company are using Ai / ML

Amazon

Not only is Amazon in the artificial intelligence game with its digital voice assistant, Alexa, but artificial intelligence is also part of many aspects of its business. Another innovative way Amazon uses artificial intelligence is to ship things to you before you even think about buying it. They collect a lot of data about each person’s buying habits and have such confidence in how the data they collect helps them recommend items to its customers and now predict what they need even before they need it by using predictive analytics.

In a time when many brick-and-mortar stores are struggling to figure out how to stay relevant, America’s largest e-tailer offers a new convenience store concept called Amazon Go. Unlike other stores, there is no checkout required. The stores have artificial intelligence technology that tracks what items you pick up and then automatically charges you for those items through the Amazon Go app on your phone. Since there is no checkout, you bring your own bags to fill up with items, and there are cameras watching your every move to identify every item you put in your bag to ultimately charge you for it.

2. Facebook

With over 3 billion users, worldwide, Facebook is the leading social networking site in the world. One of the primary ways Facebook uses artificial intelligence is to add structure to its unstructured data. They use DeepText, a text understanding engine, to automatically understand and interpret the content and emotional sentiment of the thousands of posts (in multiple languages) that its users publish every second. With DeepFace, the social media giant can automatically identify you in a photo that is shared on their platform. In fact, this technology is so good, it’s better at facial recognition than humans.

Their internal group called Facebook AI Research (FAIR) is committed to solving challenges in AI. Apart from acquiring AI companies like Masquerade and Zurich Eye, the company has also invested strategically in their own artificial intelligence labs. The company’s AI research team led by deep learning pioneer, Yann LeCun has many major initiatives planned for 2018 to improve the efficiency of the social media platform.

Microsoft

AI is a term that appears on Microsoft’s vision statement, which illustrates the company’s focus on having smart machine central to everything they do. They are one of the world’s biggest AI as a Service (AIaaS) vendors.

As one of the leading software companies, Microsoft has been building its AI capabilities on different fronts to drive their business. With a variety of AI-based products and services like Cortona, CNTK, cognitive services, and industry-specific AI apps, Microsoft offers developers many interesting and challenging projects in AI.

5. Adobe

More than 30 per cent of the 400 patents Adobe filed last year were specifically related to artificial intelligence and machine learning.

Adobe introduced its AI capability Sensei four years ago and has since launched hundreds of new AI-powered features and capabilities across its portfolio. Within its marketing, advertising and commerce clouds, the AI services aim to help marketers to optimise campaigns, automate tedious tasks and provide predictive capabilities. Adobe has several new programs and projects focused on building better tools powered by AI. The company plans to incorporate more AI-based technology in its services and products.

By leading the AI revolution, these top AI companies are among the best places to work for AI experts. In their report titled, How AI Boosts Industry Profits and Innovation, Accenture Research, and Frontier Economics predict that artificial intelligence has the potential to enable 38% profit gains and result in an economic boost of $14 trillions by 2035. With the potential to increase corporate profitability, the AI buzz is here to stay and will pave the way for technological advancements in the future.

Apple-

Apple, one of the world’s largest technology companies, uses artificial intelligence and machine learning in products like the iPhone, where it enables the FaceID feature, or in products like the AirPods, Apple Watch, or HomePod smart speakers, where it enables the smart assistant Siri. Apple is also growing its service offering and is using AI to recommend songs on Apple Music, help you find your photo in the iCloud, or navigate to your next meeting using Maps.

Microsoft-

Microsoft is involved in Artificial Intelligence on both the consumer and business sides. Cortana, Microsoft’s AI digital assistant, is in direct competition with Alexa, Siri, and Google Assistant. Artificial Intelligence features are a large part of the company’s Azure Cloud service, which provides chatbots and machine learning services to some of the biggest names in the business.