Optimized for Business
Machine learning can be used to create greater business efficiency through sophisticated demand planning and forecasting models. While this is true in almost every industry, retail and manufacturing provide some specific evidence. In retail, AI-based forecasting is reducing lost sales due to product unavailability by up to 65 percent and resulting in 2 million fewer product returns per year. Smarter, faster decision (Informed by data and analytics sources that grow smarter through machine learning, businesses and their workforces can make more informed, faster decisions that allow them to act on opportunities sooner and get better results).
In healthcare, nurses who are supported by AI tools are increasing their productivity by as much as 50 percent. Healthcare technology company Cerner uses machine learning for a model that predicts congestive heart failure up to 15 months before it manifests in clinical tests, improving patient care and ultimately saving lives.