Artificial Intelligence and Machine Learning: Shaping the Future
The internet continues to reshape the world as we keep getting on introduced to new technologies every now and then. The latest addition to the massive internet roster are of two brethren technologies; Artificial Intelligence and Machine Learning.
These technologies have emerged as a great helping hand to developers and coders all around the world as it contributes towards making projects more efficient and error-free. Repetitive tasks that we earlier had to do in real-time are now not a problem as these time-savory tools take responsibility for doing the work for us, while ensuring optimum results. Let us take a look at how AI and ML are shaping the future as of now.
Automation and Its Importance
Many people confuse automation with Artificial Intelligence which is not quite the case. Automation is a great asset which helps us with the manipulation of data while providing a quicker speed in the entire procedure. Moreover, the improved accuracy that comes with the introduction of Automation is what makes it truly helpful.
With the combination of Automation along with AI and ML, there’s a lot we can achieve:
Recommendations: The modern day online business platform is all about making the web or app user friendly and user-centered. AI tools can be programmed to detect user behaviour and help provide better recommendations while dumping choices that are constantly rejected.
Upsell and Cross Sell: Just like recommendation engines of various apps such as spotify, AI can assist in supporting various businesses through offering products to users based on their behaviour and activity. Offering the right upsell and cross sell opportunities would not only do the businesses good, but can also keep the users engaged.
Updating Pricing Models: The AI can be crucial in estimating pricing models with accordance to the traffic and capacity so that both consumers as well as sellers profit from the online business platforms.