Category: AI & ML

Top 5 Reasons Why Python Is So Popular

Launched in 1991, the programming language Python has no doubt undergone massive changes. It is one of the most popular programming languages in the world right now. Apart from being an absolute favorite amongst coders and developers, it has also made a name for itself in the corporate sector. With tech giants such as Google adopting Python for heavy usage, the language has gained even more popularity.

5 reasons that explain the popularity of Python

There are numerous reasons that indicate why Python is so prevalent nowadays. However, in an effort to make it easier for you to understand, we have compiled only five major reasons. Take a look –

Easy to use

Credited as an incredibly accessible programming language, Python has impressed both entry-level and professional programmers. The simplified syntax is rather less complicated. Apart from easy learning, Python codes boast of having fast execution times. In comparison to other programming languages, Python codes can be written with ease. That is why Python is often preferred as a second or third language for programmers. Beginners can get a grasp of the core principles of Python within one or two weeks.

Numerous frameworks and libraries

Due to corporate sponsorship and an active community, Python can offer access to different frameworks and libraries. The availability of the libraries attributes to the rich features of Python that developers can use repeatedly in their programs. It is the extensive libraries present that make this programming language so desirable. Some of the most popular libraries include Numpy, SciPy, SQL Alchemy, Beautiful Soup, Tensor Flow, etc.

Supportive community

With a history of about 30 years, Python has slowly but steadily gained a loyal community. Here, programmers from entry-level to experts can receive adequate support. Moreover, there are numerous guides, literary articles, video tutorials, etc., available on the internet on Python for free. Lack of documentation or support can lead to issues with the programming language. However, with the Python community being incredibly active, developers here don’t face many problems. It is helpful at the much-needed times that ensure that there is no delay with the ongoing technical project.

Extremely reliable

Irrespective of the environment, Python is reliable, efficient, and works extremely fast. The versatility of this programming language means that you can use it for desktop applications, mobile applications, hardware programming, web development, etc. Moreover, programmers are not restricted to work in the same domain for the rest of their careers. With lucrative career options, coders can get high-paying salaries.

Highly flexible

The flexible nature of Python makes it all the more popular amongst programmers. Moreover, it gives them the opportunity to try new things. Experts in the programming language Python are not limited to building or creating the same things all the time. Furthermore, with Python, developing any application is not out of reach. The degree of freedom one gets from Python is unlikely to be available from any other programming language.

Conclusion

These are the top five reasons that give you an idea why Python has gained such popularity in the world. It is not only easy to learn but can be used in a wide variety of ways. That makes switching jobs for developers in another field easy. However, to develop the best Python-backed applications, you will need the assistance of the best web development company. Consult GoodWorkLabs, the web and product development company based out of Bangalore, India. GoodWorks’ experienced team will ensure that you get the best solutions always!

How AI Is Transforming The Retail Industry?

The role of AI or Artificial Intelligence in the retail industry is finally coming to the surface. As per studies, presently, the spending of the retail industry is around $49 million. After the inclusion of AI, it is expected to rise to $12 billion by 2023. The AI in the retail industry is estimated to increase more than 200% in terms of spending within 2023. The statistics clearly indicate the prevalence of this technology in the market.

With AI, retailers can gain more information on consumers. It will inevitably change the entire makeup of the retail sector. However, to stay ahead in the game, retailers need to understand, learn and adopt AI into their business. It is vital to understand the impact of AI in retail before using it.

Advantages of AI in the retail industry

There are numerous benefits that retailers can gain from the adoption of AI into their business. Take a look at some of the advantages of having more knowledge.

Better customer experience

With the use of AI, retailers can now offer a smooth and rich shopping experience to their customers. The AI-integrated mobile phones can aid in the sale of products, thereby leading to an increase in conversion rates. Moreover, a more customized approach can sway consumers to shop with you even more.

Optimization of tasks

It is without a doubt that with the integration of AI, routine tasks get instant automation. Moreover, this technology can also assist in highly demanding work. For instance, AI can aid in the scheduling of labor, planning of routes for timely deliveries, tracking of the delivery, and much more.

Enhanced marketing

Leveraging AI to promote and market products or services can eventually aid in the increase of sales. For instance, voice and speech, facial recognition, Chatbots, virtual assistants, and more can assist in marketing. Did you know that the adoption of AI into all customer-related things can lead to the reduction of consumer complaints by almost 15%?

Avoidance of long queues

Equipped with powerful AI, retailers are quickly integrating camera, audio, and Wi-Fi into the shopping experience. It would ultimately lead to the “Connected Shopping” phase where customers don’t have to wait in queues to try products or check out services. This seamless shopping experience reduces the waiting duration drastically.

Accurate forecasting

Accurate machine learning-based forecasting can lead to a massive amount of revenues for retailers. This way, the retailers can gain more margins in terms of profit and meet the consumer demands without any hassle. As per a report, this forecasting backed by ML is estimated to attain revenues of about $3 billion by 2023.

Extraction of valuable data

While collecting data has never been an issue with the retail industry, transcripting data that is valuable was. With machine learning and AI, retailers can now extract customer data and use it to build proper marketing strategies. Most e-commerce giants such as Walmart adopt ML to predict the likeliness of the shoppers in the purchase of a particular product.

Conclusion

The wide range of advantages that AI brings into the fold matters a great deal. From optimization of daily tasks to enhanced promotion, businesses will prosper. However, one needs to understand which aspect of AI aligns the best with the retail business. For that, consultation with the best company that provides Artificial Intelligence solutions is the best idea. Consult GoodWorkLabs for all your AI needs and watch your business grow! Contact the team here.

Top 5 Ways AI Is Transforming The Healthcare Industry

AI or Artificial Intelligence has changed the world in ways that we couldn’t have even imagined. Such unpredictable and quick growth of AI in various sectors has led to the usage of innovative technology on a greater level. However, the one sector that seems to have benefited the most is healthcare. Did you know that the global revenue for AI in the healthcare industry is expected to cross USD 45.2 billion by the year 2026? 

Different ways AI is changing the healthcare market

With the assistance of AI, both patients and doctors have gained a wide array of benefits. Check out the five different ways that AI is transforming the healthcare industry as we know it. 

  • Medical diagnostics

Infusing AI in diagnostic machinery has improved the chances of getting accurate results to a great extent. It has essentially eliminated all the shortcomings. It has also made it easier for doctors to come up with a suitable treatment plan. With deep learning codes and algorithms, it is now easy to differentiate between clots and tumors. Moreover, this has led to the reduction of medical diagnostic errors by almost 50%. Furthermore, with smart diagnosis, healthcare is expected to improve even more. 

  • EHR or Electronic Health Records

The manual handling of patient health records is a tedious and time-consuming task. With a comprehensive volume of paperwork and the effort needed to ensure there are no errors, EHR has surely changed the scenario completely. Electronic Health Records or EHR automates the recording process with ease. With AI, it is now easy to identify the voice and interpret different languages. It leads to the saving of time and effort. Now, it is easy to gain access to information such as allergy details, medical history, etc. 

  • Digital assistants

Following up on appointments is not difficult anymore. It is understandable that doctors work round the clock tirelessly to offer healthcare services. With virtual nursing assistants, you can now ensure that you get the basic check-up. The AI-based systems will ask necessary health questions and then make a diagnosis depending on the symptoms you describe. Moreover, nowadays the chatbots can even assess handwritten images and texts without any issue. 

  • Surgical robots

AI-based robots have aided surgeons in operations successfully. Now, robots can ensure that there is exceptional precision while conducting surgeries. With these robots, patients can now expect better outcomes due to the availability of data. Fewer errors and increased efficiency make it easy for surgeons to treat patients. Moreover, it also offers real-time data to healthcare professionals during complex surgeries. Now, doctors don’t have to worry about trembling hands. 

  • Virtual consultation

With AI, digital consultation is easy and simple. Now, patients can interact with doctors without any hassle. Deep learning ensures that the user can make accurate decisions. Moreover, with the natural learning process, AI can help in answering the various queries of the patients. With the understanding of complicated sentences and other information, the virtual system can offer a genuine medical suggestion. 

Conclusion

It is without a doubt that AI has changed the healthcare industry massively. Now, medical professionals can opt for suitable treatment plans with the assistance of advanced diagnosis. Moreover, patients no longer have to wait in hospitals just to make appointments. With Chatbots and other technological innovations, patients can easily interact with healthcare professionals in times of need. Want to know more details about how AI can help your business to grow? Get in touch with our in-house AI experts at GoodWorkLabs, who will guide you through the benefits AI can bring when incorporated into your business processes. Contact here!

AI Trends in 2021 – Read Details

Well, the last decade has given us a fair idea of what Artificial Intelligence can do and how unknowingly we have made it an integral part of our everyday lives. From smartphones to computing systems and the various gadgets we use in our day-to-day lives, AI has given mankind technological comforts that were unknown before. Even during the ongoing pandemic and its challenges, AI plays an important role in the medical diagnostic systems with robots assisting in medical procedures.

 

As per the market researcher IDC, the revenue from AI hardware, software, and services was expected to reach $156.5 billion worldwide in 2020, hence in 2021, we can expect the numbers to surge even further. Well, this revenue growth is bound to happen, as more and more businesses are leveraging AI’s benefit to improve customer experience and increase productivity!

 

So, what does one expect that AI will bring to the table in the next half of the year? The last decade saw Artificial Intelligence being introduced in the industry at numerous segments at a rapid pace. In this article, we will discuss the emerging AI trends that will impact the market in 2021 and in the coming years. Let’s delve further into it –

 

Upcoming AI Trends in 2021

 

Businesses are to undergo ‘Digital Transformation’ by accepting AI

While the pandemic has already accelerated the adoption of technology, AI tools are in place to help businesses understand their consumers better. With concepts such as behavioral analytics and personalization, the businesses will seek to establish themselves further. Tools providing organizations with self-service access to this technology will become increasingly prevalent throughout 2021, as small and medium-sized enterprises are seeking to establish their competitive edge.

 

AI will be pushed to the edge by organizations


Over the years, consumers are readily adapting to the IoT devices and now it has become a part of life along with increased use of 5G adoption. This will further give a push to edge computing and AI will be better utilized at the edge. The combination of AI, IoT along with edge computing, will bring further fruitful insights from a large amount of data that will help the enterprises to make learned decisions.

 

 ModelOps will play a major role in AI deployment


Organizations have come to know that developing the right AI engineering process is essential. Ai engineering consists of DataOps, ModelOps and DevOps. In it, ModelOps helps businesses to operationalize their AI models efficiently and deploy them via the Cloud. This year will see more organizations focusing on effectively moving their AI models up with ModelOps to strike that right balance.

 

AI will find its way into Cybersecurity Processes


Merging AI and Machine Learning with cybersecurity systems will be dominant in the coming times. With the increase in the number of internet users, upscaling the cybersecurity game is the need of the hour. AI and ML technology can help to identify current as well as future threats. The AI embedded cybersecurity tools can collect data from a company’s internal systems, as well as from external sources, and thereby identify threatening activities. Ai is also being largely used in home security systems nowadays.

 

Workplace AI will boost automation and augmentation needs


As per Forrester’s predictions, more companies will look to AI to help with workplace disruption for employees working from home. This will also include applying AI for document extraction, customer service agent augmentation, etc. Organizations need to apply AI in both short-term and long-term goals in the years to come to leverage full benefits.

 

AI-powered chatbots will become dominant


Researches say that AI-based chatbots provide communication that is similar to humans by using natural language processing (NLP) and Machine Learning.  AI-powered chatbots are already being used, but this year will see huge upgrades and improvements in its responsiveness and personalization of the customer experience.

 

Organizations will move towards AR-driven automated decision-making


This year will see an increase in the availability of real-world simulations. As technology and mechanisms in the digital domain have improved, accurate data has become increasingly available. Simulations have leveled where huge data can be accessed in your system without any change in location. This leads to huge reductions in cost along with an increase in the quality of data that can be gathered.

 

Wrapping Up


This pandemic has created a sudden surge in the use of technology and further as reports suggest, AI will be one of the most important technology in 2021. It will also adjacently have a sound impact on automation, robotics, and machine learning. So when are you leveraging the benefits of AI? Consult our team at GoodWorkLabs for AI solutions. We will introduce AI into your business systems! Contact now, here.

How AI & MI Is Helping To Build Next-Gen Applications?

The popularity of artificial intelligence and machine learning has made most of us aware of these technological jargons. We are in a world where we come across these technologies on a daily basis, and they have become a part of our lives. But little do we know the details about it and unknowingly we have made it a part of our lives. From tech to voice to face enabled devices, we all have witnessed a dramatic evolution of technology in the last decade. It did not only contribute towards the transformation of the internet and software industry, but also the lives of individuals. Technologies related to AI and ML are expected to grow in the years to come. Even many social media platforms are today investing an ample amount of money in the development of AI techniques to keep their audiences hooked to the platform. Over-viewing the mobile app industry, it is not a hidden fact that today most mobile applications are built on AI and ML technologies. As the mobile applications do the works of a mini-computer in our hands, it is necessary that it has all the functions that are needed for all our activities – shopping to dating, food to fashion, traveling to surfing, etc.

As per the report by Statista, the global artificial intelligence market is expected to grow greatly by generating 118.6 billion in revenue in 2025. Viewing that, the future of AI and ML technology looks very promising. Therefore, it is a great time to incorporate some AL and ML techniques in your mobile application. This will not only enhance the functionality of your application but also make it feasible for your audience. GoodWorkLabs, the renowned software development company will incorporate AI and ML into your business process to take your business to the next level. Let us look at how two of the leading AI and ML techniques can help build a trending mobile application:

 

Predict User Behaviour 

With AI technology your customers get the suggestions, recommendations, and notifications of the products they have engaged with on the application.  This is the ideal tool for ecommerce companies as it helps in boosting sales. So what exactly does this? The application knows what the customers are looking for, what they like and what they don’t, what excites them, and what makes them add the items to the cart. Well, you must have got it by now, it is AI and ML.

AI and ML mobile applications developed by top AI and ML app developers help businesses and their marketing teams to understand customer behavior and psychology. The insights drawn provide information on customer choices, preferences, buying patterns, and budgets by capturing data such as age, location, gender, buying frequency, spending capacity, etc. It is the perfect integration of in-depth data learning and observing the user behavior across all devices that help create a 360o view of customers. The data so collected enables the brands to approach each customer group and deliver products that perfectly fit their individual needs.

 

Virtual Assistants 

Hey Siri! “Play a song for me” 

That is how we connect with our smartphones these days, don’t we? Siri, Alexa, and Google, all are changing the digital way of communication with our phones and mobile applications. The technology helps you use your phone or a mobile application while you are performing some other task. It has made the user experience much seamless and fruitful.

This technology has further strengthened the trend of online shopping. Today, 95% of online shopping in the world is made through voice commands and that shouldn’t be a surprise. Industry to industry, virtual assistants are greatly impacting and disrupting the way consumers purchase and retailers sell/market.

Are you still wondering how can you invest in AI and ML? Lets us connect to build your brand image by incorporating AI and ML in your applications. Our expert team at GoodWorkLabs will understand your requirements to help you with an AI and ML-based mobile application. Connect with us at [email protected]

How AI Is Helping The Travel Industry?

 

The machine revolution is here to stay. Artificial Intelligence (AI) has existed for years, but its utility within industries has increased in recent times. Major industries rely on AI to carry out many of their functions, and AI technology has made things easier. Understanding the nuances of AI can often be a little challenging, how do we categorize technology as artificial intelligence? AI can essentially perform tasks that usually require human intelligence. Today, there are a wide range of computers, machines, and software that can seamlessly carry out these complex tasks.

The importance of AI

The travel industry is reinventing itself constantly. Whether it be adapting itself to the changing landscape of travel or incorporating elements of AI to ensure customer satisfaction, the industry is keeping up with the times. However, the use of AI in the travel industry is not widespread, it has not yet achieved its entire potential. 

If AI is utilized to its full capabilities, the travel industry could be completely revolutionized. Artificial intelligence could change aspects of customer service, assist in passenger identification while traveling and personalize a traveler’s experience through curated recommendations. Thanks to AI, even in the absence of staff, hotels, airlines and other major players in the travel industry would be able to function entirely on their own. 

Here are ways in which AI can enhance operations within the travel industry:

1. Enhanced customer satisfaction

Chatbots and conversational AI can significantly enhance the customer service experience. Hotel chains have begun to use chatbots to boost customer experience by communicating with them in an entirely new way. AI chatbots can be customised to support customer loyalty programs and assist customers. Chatbots make things more streamlined and answer pertinent questions that guests have, promptly. 

Facial recognition has made travel easier, especially at airports. It allows passengers to travel faster and reduce the burden associated with multiple procedures required to provide proof of one’s identity. Some organisations have also used bots to help with customer satisfaction

2. Data processing and analysis

One of AI’s most interesting uses involves data gathering and analysis. By analysing data provided by customers, various conclusions can be drawn. This, in turn, can help devise pricing strategies and create informed business plans. AI can sort through a variety of data with speed and efficiency. When it comes to reviews, AI can read customer reviews online to create comprehensive customer profiles and anticipate customer needs. In hotels, airlines and curating travel packages, this can be extremely beneficial to organizations. 

3. Increased productivity

By using AI, the scope for human error reduces significantly. A task that would require multiple people can be easily completed with the assistance of artificial intelligence, thereby increasing productivity. Airlines can benefit the most from AI to increase productivity. 

4. Online reputation management

For key players in the travel industry, online reviews can make or break their reputations. With the ease of accessibility, people frequently take to the internet to air their grievances on various subjects. With AI, companies can take a better look at what customers are saying about their business. 

Wrapping It Up

The AI is helping the travel industry to grow and foster and give better customer service. Are you looking forward to enhancing your travel business? It’s high time to incorporate AI into your system. GoodWorkLabs is an eminent AI and ML service provider based out of Bangalore. For more details, contact our expert team, here!

Why Should Your Business Embrace AI? Read Details

Artificial intelligence (AI) is the most revolutionary technology in today’s world and has the ability of machines to interpret data and act intelligently. AI can carry out tasks, based on data, similar to how a human does it.  We use AI in our daily lives, such as asking Alexa for the weather report and even social media platforms rely highly on AI. buying something that Amazon recommends, and unknowingly we have made it a part of our lives.

 

Large corporations have already leveraged AI but the major challenges come for the small and medium-sized enterprises. In the coming days, AI is bound to play a dominant role in our lives. Many artificial intelligence companies have understood AI’s potential, and have incorporated it.  GoodWorkLabs, an artificial intelligence company in Bangalore has a team of experts who are skilled to incorporate AI into your business systems.

 

You must be thinking, why should your business embrace AI, and how it will help you?

 

Here are the top five benefits of AI that makes it beneficial for businesses around the world – 

 

1. Automates Customer Interactions

AI enables companies to automate any repetitive tasks many customer interactions that require human intervention. Artificial intelligence companies leverage AI to program the computer so that it responds to customers by using previous details accurately. This includes communicating via email, social media conversations, telephone calls, and online chat. Furthermore, by combining AI with machine learning, the platforms interact even better. Thus the regular tasks that can take up a lot of time and workforce are simplified by leveraging AI in the business process. 

 

2. Gives personalized solutions

AI helps in personalized marketing and gives preference to each customer.  A personalized approach to consumers increases engagement, customer loyalty and results in brand promotion and improving sales. AI also helps to identify patterns in customers’ buying habits and behavior. This further allows companies to craft specific offers for individual customers. Cloud-based AI apps can even find out relevant pieces of information while processing big data. 

 

3. Stay ahead of the competition

With AI becoming a part of our daily lives, every business in the coming days will implement it and AI will become a more affordable and common technology. So now is the right time for your business to implement AI It will not only give you immense benefits but also will attract customers to your business and build your brand.

 

4.AI will help in conducting market research

As AI has the ability to predict outcomes based on data, it will help in both the present day and for future needs. By implementing an AI strategy in your market research, businesses can benefit from the data procured of the market trends. If you want your business to stay ahead of the competition, you must implement them and use AI to grow.

 

5.AI fuels other technology trends

AI is the base on which various other technology trends are built, such as virtual reality, chatbots, facial recognition, autonomous vehicles, etc. Without AI, all these advances were not possible. AI, along with machine learning, has brought about a significant change in the technology industry. 

 

Now Use AI In Your Business Process. Contact GoodWorkLabs

Whether you are in the eCommerce business or any other product or service-related work, you must know how AI can help you succeed further.  Talk to our experts and understand how artificial intelligence can help you grow. GoodWorkLabs, a renowned artificial intelligence company in Bangalore, will help you figure out where to apply AI. Shoot us an email at – [email protected] to discuss further.

 

 

Why is IoT Application Development Services On The Rise?

 

With the increasing popularity of smartphones, mobile app development is an emerging trend and is bound to stay in the coming future. Mobile apps offer convenience, making it desirable for customers to access different services such as shopping, ordering food, playing games, etc. This emerging demand for apps has driven companies to build compelling mobile applications that will fulfill consumers’ needs. Mobile app development companies and mobile app developers are leveraging the Internet of Things to develop better applications. As the number of connected devices grows every day, technologies such as IoT & AI open up new opportunities for companies. 

 

IoT devices come with the privilege of having things connected to each other and various other benefits; therefore, companies are looking forward to IoT to develop applications. As IoT can help companies build next-gen applications, that is why it is on the rise nowadays. Let’s delve deeper into how IoT applications are making lives easier for us –

Increases Efficiency and productivity

Iot brings automation to many redundant tasks. With IoT applications that use sensors, many routine tasks can be automated and optimized. It also allows analytical monitoring in real-time. Customers also enjoy accessibility. The integration of IoT and mobile app development enables consumers to access any interconnected physical object with just a touch of the button on their smartphones. 

 

Simplifies day-to-day work 

IoT applications provide many advantages to companies, employees, and also households. In companies, it benefits the employees in things such as remote work management, gathering real-time information, increasing productivity levels, etc. IoT applications and devices simplify the lives of employees and increase the employee satisfaction rate.  

 

Collects Data that can be used for Future Insights

The IoT devices have sensors in them, with which they can collect a large amount of data in many different areas. The collection of large data helps the company to analyze the trends in the data that can be further utilized to improve the features of the device. Research even suggests the total market value of IoT is set to grow to over $3 trillion annually by 2026.

 

Forms as a Base to Emerging Businesses


As companies realize the power of IoT, more and more devices are coming into the market. The use of The Internet of Things will benefit the economy in the long run, such as increasing operational efficiency. The arrival of new IoT products in the market will enhance productivity and help solve problems that will affect every person’s well-being worldwide.

 

Gives Better Quality of Life to the World


All technologies and science are developed to benefit humanity and provide a better quality of life, IoT is one of them. It is great to have someone do regular tasks for you to focus more on important ones. The IoT application development service provided by tech companies aims to improve your lifestyle in many ways. For example, wearable devices track the heart rate, body temperature, etc. that help during exercise and even detect any abnormality in the body.  This is possible only with IoT applications and the IoT application development companies that make such devices.

Want To Build An Amazing Application by leveraging IoT? Contact GoodWorkLabs


GoodWorkLabs mobile app development team has extensive experience in developing IoT-based mobile applications. We understand your business’s needs and IoT application development services by us will deliver the ideal solution for your business.

So, what are you waiting for? Your chance to get the high-end applications built with the power of IoT technology is here. Get in touch with us today to discuss your idea and integrate IoT into your mobile applications.  Explore the limitless benefits of this modern technology and grow your business! Contact us here

 

Read more: Top 5 Benefits to Outsource your Software Development Project to an External Agency

How Is Artificial Intelligence Helping The e-Commerce Companies Change The retail Landscape?

Living in a digital world, enabling a positive and immersive user experience using technology is the key objective of every digital business. Today, the everyday lifestyle of people has evolved the businesses to be user-friendly, customer-centric, and enable a lesser turn-around-time. Helping businesses do these with ease, AI has come as a boon to almost all the business industries and sectors.

Helping consumer make informed decisions and buying goods at their convenience, the e-commerce industry has completely disrupted the way we shop today. It is one of the industries that use AI to the fullest potential. The implementation of AI technology in the e-commerce sector is a very strategic step towards business development and increasing revenues. By wisely using AI, e-commerce businesses are creating an immersive experience for its users across the globe. With constant use of latest technologies, e-commerce today has changed the global retail landscape.

AI technology is backed by data, and analysing data ain’t that simple. While it may not be a simple technology to use, but if implemented rightly, it can reap you the best benefits. The mission of any AI tool is to quickly provide accurate and scientific data to help businesses and its users make informed decisions.

In this blog post our experts share three most widely used AI technologies than can help e-commerce players change the retail landscape:

 

Chatbots and virtual assistance

What better way than to be available for your customers 24*7? Yes, AI can help you with that. Built using trending AI technologies, digital assistants can help you provide 24*7 support to your online customers. This enables a better customer experience as the customer queries are answered real-time. Chatbots also have the capability to:

  • Address customer needs with in-depth insights
  • Interpret voice commands
  • Provide highly personalised answers to the queries

 

Intelligent product recommendations 

Every e-commerce business in the world is fighting for higher user attention and revenue. Using AI can help them keep their users engaged and shop more from their platforms. The best use of AI in e-commerce is enabling personalised recommendations for online shoppers. It is noted that the conversion rates increase exponentially when an AI bot recommends a product. These AI bots use big data technologies to make recommendations by analysing the user’s purchase history and buying patterns. With the right use of this technology, e-commerce players can:

  • Increase customer loyalty and retention
  • Increase sales and generate better revenue
  • Provide highly personalised shopping experience

 

Smart inventory management 

An e-commerce player can only survive if their inventories are tracked and managed at real-time. Inventory management aims to procure and maintain the right level of inventory that can strategically fulfil market demands. AI can help e-commerce businesses maintain the inventory at real-times, suggest recommendations, and order supplies. This AI-enabled smart inventory management can help e-commerce players to:

  • Anticipate market demands on a real-time basis
  • Compare trends of previous year/half/quarter
  • Highlight demand-supply issues

These were some benefits of using AI in e-commerce. The accuracy and agility of AI bots had enabled AI-based technology to rule the digital world. As an e-commerce player are you willing to nurture AI for your business? Experienced in developing AI-based e-commerce applications, GoodWorkLabs can help you build an effective and efficient e-commerce platform or mobile application. Reach out to us at +91- 9863077000 or [email protected] for a free 1-hour consultation of how we can help you.

Artificial Intelligence Benefiting The Healthcare Industry 

Technology has widely proliferated across the industries and has touched almost every corner of our lives. Healthcare industry is one such segment that the technology is bringing in a disruption into. With a vast transformative capability, artificial intelligence(AI) and robotics are re-shaping the way this complex industry functions. It is slowly changing the healthcare delivery system in a much more streamlined, structured, and insightful manner.

AI and robotics have become an extended part of the human mind and body which performs tasks that humans do, more efficiently, quickly, and precisely. Whenever we think of AI and robotic in healthcare, we first envision a robotic surgery or automated check-ups, but in reality, the magnitude of this technology is a lot more than that. By simplifying the lives of doctors, patients, caregivers, and hospitals, AI and robotics are re-inventing the modern healthcare system by comprehending, learning, and solving problems like how doctors do. Having said that, today, AI-driven care does require some human intervention. It is predicted that shortly these programmed systems will make the right decision using their learning and understanding without any human interventions.

Here is a line-up of the major ways that robotics and AI are disrupting the healthcare industry as we discuss:

 

Accuracy

AI and robotic systems do not get tired, hassled, or lose attention. It perfectly bridges the gaps between human intelligence and machine performance. As these systems are tech-enabled and data-driven, they perform tasks with utmost precision, vigour, and intellect. As far as the software is rightly coded, human intervention can be limited.

Also, micro-robots are so conditioned that they perform their tasks very precisely. They are so designed that they travel to the destination point in the body and are used to deploy drugs locally or perform micro-surgeries like unclogging of blood vessels. A right code and it does it all.

 

Diagnostics and treatment plans 

The best use of AI and the robotic system is to detect patterns that examine various conditions and health risks by studying the health records and other available data. If the data provided is accurate, AI can be extremely helpful in rightly identifying the risks and hazards. These systems are designed to analyse, predict, and provide solutions. Today, they are mostly used for advanced endoscopy and visual diagnostics.

The system can read zillions of cases and reports, and find co-relations between the available variables. This helps in real-time analysis of complex life-taking issues and risks, especially in the field of cancer diagnosis and treatment.

 

Virtual Assistance 

Caregivers are the backbone of the healthcare industry. Using AI applications, they can deliver care services by virtual nursing and assistance. It is a great tool when hospitals and clinics have limited healthcare workers or are understaffed. Also, this professionally assisted AI-driven monitoring system is a great option for the ones who chose to recover from home or who can not afford a bed in a hospital. This can also help during the pandemics and outbreaks when hospitals have limited beds and are not readily available.

 

Decision Making

Any healthcare provider aims to improve the health of their patients and so is the motto of AI-driven healthcare robots. Care is best provided by carefully aligning the data with mindful decisions. The analysed data and insights help caregivers predict and make the best clinical decisions and act faster. AI-enabled healthcare systems help read reports and health data very precisely and quickly and thereby providing the best possible solutions depending upon their learning capabilities. Today, many hospitals and institutes are implementing cognitive technologies to read a high volume of data, enable quick diagnosis, and make informed decisions.

 

Final words

It is fascinating to see how technology is changing the way a complex and critical industry like healthcare is functioning now. Though there is a lot more than robots and AI in the healthcare industry, it is of course a notable growth in the segment. In the times to come, the industry will for sure witness development of more efficient tools, enhancements, and augmentations. The continuous learning of AI-driven robotics will only help improve their capabilities and efficiency and enable a healthier world.

 

GoodWorkLabs is a global technology development company. We have built custom-made and agile healthcare applications that have helped the industry to achieve their business goals effectively. We are known to make the best use of global tech trends while developing applications that excel massively. Reach out to us at +91- 9863077000 or [email protected] for a free 1-hour consultation of how we can help you.

 

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