Each and every industry can gain the maximum potential out of predictive analytics. The key to various industries is that they are in possession of various, detailed, large, and reliable historical data with the latest types of intelligent data.
The companies must be determined enough and consistent to leverage their data in optimizing the process. It applies in the detection of fraud, optimization process, cost reductions, market trends, innovation, and discovery of new business opportunities.
Let’s find out below the use of AI-based analytics in various industries.
AI is very useful in the banking industry; it helps in the abnormal behaviors by observing specific patterns being used in an inappropriate way.
The oil and gas industry has a huge advantage of using AI analytics as the information is very sensitive in this industry. (more…)