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How to Use AI for Business?

Updated: Jan 25


How to Use AI for Business

With ongoing discussions around AI over the past year, we’ve engaged in numerous internal and client conversations within our niche segments to explore ways to incorporate AI into businesses. While platforms like OpenAI cater to casual users and Fortune 500 companies are actively developing their own solutions, there is a significant segment in the middle that deserves attention.


Based on those discussions, we’ve identified some opportunities where AI can positively impact your business:


Predictive Maintenance: Companies with heavy machinery traditionally rely on scheduled maintenance. AI can predict equipment failures, enabling proactive maintenance to prevent breakdowns, reducing unnecessary costs, and minimizing downtime.


Quality Control: AI can enhance production line monitoring by identifying defects. Its ability to consistently determine acceptability ranges surpasses human capabilities, which results in waste reduction and improved product quality.


Predictive Analytics: Leveraging AI alongside big data enhances the accuracy of predicting future trends and patterns, elevating decision-making, and risk management processes.


Fraud Detection: In the face of rising fraudulent activities via traditional and non-traditional channels, AI serves as a powerful tool for detecting and preventing fraudulent transactions, mitigating the risk of financial loss.


Process Optimization: Industries with complex processes can employ AI to optimize manufacturing processes, including energy consumption, raw material usage, and production scheduling. AI also aids in demand forecasting, inventory management, and logistics optimization, leading to cost reduction and increased efficiency.


While AI may seem intimidating initially, its essence boils down to sophisticated data analytics. If you're interested in exploring how AI can benefit your business, contact us to find out more!




 

Core Maitri is an enterprise software consultancy specializing in Excel-to-Web, AI Integration, Custom Software Programming, and Enterprise Application Development services. Our approach is deeply consultative, rooted in understanding problems at their core and then validating our solutions through iterative feedback.



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