Why businesses are finding this the right time to invest in AI?

With the advent of technology 4.0 and the emergence of newer and newer technologies in the recent years, businesses have seen a major shift from old traditional ways of doing business to more modern and innovative solutions of online trade/eCommerce, AI driven logistics and transactions, online services using targeted marketing intelligence and social media tools, chat bots, intelligent navigation machines, etc; everything has contributed to this face change.

AI being the future of the internet, it has been a game-changer ever since its implications have created positive impact for business in sectors not limited to healthcare, education, automotive, financial services, retail, communications, manufacturing, energy, and transportation. AI has helped not only to curb huge spending but also adding to revenues which itself is a huge booster. Applications like cognitive AI, IoT and autonomous AI, all have changed the way we look at things, listen to them or feel them.

A report from PwC estimates that artificial intelligence will add $15.7 trillion to the global economy about a decade from now. These staggering numbers are enough to make one realize how AI is going to impact the future and how important it is for businesses to start thinking and investing in these technologies.

At Aress Software, we have taken AI seriously and have been helping business in identifying appropriate use cases for application of AI, successfully run pilot project and get into larger implementation of AI use case in production. With AI driven and machine learning solutions, we’ve helped businesses to automate document processing, designing and deploying AI driven solutions to obtain data from online sources, AI enabled analytics out of connected devices and IoT.