Automation has become the next buzzword thanks to Artificial Intelligence and Machine Learning (AI & ML). These technologies use data-driven insights and suggestions to improve process discovery, optimization, and modeling in enterprises. Some key tasks handled by AI & ML are feature engineering, algorithm selection, scalability functions, anomaly detection, and sentiment analysis.
Enhanced performance, better decision-making, and curbed human errors are only some of the advantages. Let us look at how AI & ML impact pipelines in some key industries.
Data Collection and Analysis
Agriculture and healthcare are two of the best examples of AI & ML applications in data pipelines.
For example, AI-powered drones carrying sensors and cameras fly over farms and collect crop health, pest infestation, moisture level, and other crucial data. Further, ML algorithms analyze said data and provide insights on the timing and methods of adjusting irrigation, applying pesticides, etc. This helps farmers reduce resource wastage and optimize crop yield.
EHR (Electronic Health Records) based on AI systems has automated patient data collection in the healthcare data pipeline. They also help healthcare professionals smoothen administrative tasks and make more informed decisions. ML algorithms can then analyze this information to extract trends. Consequently, disease outbreaks can be predicted, treatment options can be suggested, and patient care and outcomes can be enhanced.
Proactive maintenance of machinery and equipment is a crucial aspect of pipelines in physical infrastructure-based sectors such as manufacturing, energy, and aviation. AL & ML algorithms help predict when equipment will likely break down, providing impetus to production and a decrease in downtime.
In the manufacturing industry, IoT devices and sensors examine equipment status in real-time. AI algorithms then analyze sensor data and recognize patterns indicating imminent machinery failure. Thus, manufacturers can take measures to work on maintenance in advance, reducing repair costs and pipeline disruptions considerably.
Airlines prefer scheduling maintenance overnight or during routine layovers so that planes are in favorable condition and in-flight situations can be avoided. Here, AI helps with predictive maintenance systems that obtain data from aircraft sensors. Maintenance requirements and component failures can hence be foreseen.
If there’s a sector in which AI & ML have created ripples like no other, it is customer support. Many companies ‘ customer support and service departments use AI-powered chatbots to enhance their support pipelines.
These intelligent bots can deal with various customer inquiries accurately and quickly. This way, routine jobs can get automated, increasing team-manifold efficiency.
In e-commerce, for example, product recommendations, order tracking, and even complaint resolution are done with the help of chatbots. They can also deal with order returns and processing, and offer personalized shopping deals to customers sans human intervention.
Fintech and BFSI (Banking, Financial Services, and Insurance) industries also greatly benefit from AI. AI virtual assistants help customers with account data, transactions, and intelligent financial advice. They use NLP (Natural Language Processing) to conduct the same and provide seamless customer support.
Supply chain and logistics improvement
Supply chain pipelines are complex and elaborate, considering they move goods from suppliers to customers across distances. Optimizing these pipelines is a real challenge that AI & ML have made much easier to overcome.
AI is involved right from the stage of demand forecasting in supply chain pipelines. AI-powered models can study and interpret historical data and trends to foresee future demand. This, in turn, gives companies the flexibility to modify inventory, avoid overstocking and understocking, and create better accessibility and availability of products.
As far as logistics is concerned, companies minimize fuel consumption, shorten delivery times, and plan the most efficient routes for carriers. All of this becomes possible with AI-based algorithms that work on route optimization. Such algorithms factor in weather conditions, traffic status, and other variables to facilitate real-time amendments and optimization.
Human resources management
HR managers often find themselves in a fix when recruiting a few candidates out of too many applicants in terms of recruitment personnel and time efficacy. Enter AI and ML systems! These data-driven tools are designed to automate certain recruitment process steps.
With the help of AI, HR professionals can identify suitable candidates faster. Using algorithms to find candidates who fit specific job requirements, AI-driven ATS (Applicant Tracking Systems) automates the process of screening and ranking candidates based on experience and qualification.
In the employee onboarding pipeline, virtual assistants answer employee questions and inform them about company policies, procedures, and benefits. With these assistants guiding the new hires, HR teams can offer smoother onboarding without a lot of workload.
Conservation has become a key priority for all in the past decade. AI & ML have played an important role in adding substance to these efforts. They help reduce energy management costs, environmental impact, and energy utilization.
Energy management pipelines in smart residences benefit from AI systems through heating, lighting, and cooling optimization per environmental conditions and inhabitation. This achieves the multifold goal of resident comfort, affordable bills, and power efficiency.
Meanwhile, ML algorithms help in considerable cost-cutting and energy conservation in the long run in industrial undertakings by streamlining equipment operations. AI systems are employed to study energy consumption and devise energy-saving avenues.
AI & ML are spreading their influence over many use cases, such as fraud detection, content generation, e-commerce personalization, etc. The intelligent future is here, and entities that embrace it sooner than later will certainly gain an edge. What remains to be seen is the many intriguing ways in which this manifests.