Common applications include but not limited to:
Inventory management
Increase cash flow and reduce cost with the right amount of inventory that meets demand and minimizes overstocking and spoilage.
Sales forecasting
Accurate sales forecasts enable companies to make better business decisions
Optimizing marketing campaign
Contact prospective customers at the right time of day, day of week using the right channel to optimize the potential response rate. Promote cross-sell opportunities, attract, retain and grow the most profitable customers.
Customer retention
Detect potential customer defection and take actions proactively to retain as many customers as possible
Product recommendations
Effective product recommendations promote sales and customer satisfaction.
Intelligent chat bot
Help users accomplish specific tasks by identifying user intent from text or voice conversations using artificial intelligence.
Object recognition
Object detection and recognition is applied in many areas of computer vision, including image retrieval, security, surveillance, automated vehicle systems, inventory control and machine inspection. The speed and accuracy offer unparalleled increase in productivity..
Fraud detection
From financial applications to cybersecurity, pattern detection can prevent fraud, vulnerability and criminal behavior.
Sentiment analysis
Interpretation and classification of emotions (positive, negative and neutral) within text data in user feedback, or social media complements survey data to help improving products and services.