With boundless advancements in AI and ML, the industrial landscape has taken a turn for the better. If you look around, you will find a lot of sectors leveraging AI and ML for various benefits. Over the years, people have debunked myths pertaining to AI and ML, one of the prime ones being that AI was thought to be a very cumbersome and expensive tool whereas, in reality, there are many free-to-use tools available for businesses. The whole acuity regarding AI and ML is changing at both micro and macro levels. We are sure that you all are aware that corporate giants have been benefiting from AI for a very long time now. What you may not be familiar with is how startups are benefitting from it! Want to know the ins and outs of it? Let us glance over at some of the promising sectors for AI and ML Startup success:
- AI-Based Tools and Solutions
With the ever-emerging IoT technology, the world is one click away from verdicts of problem-solving and decision making. Since businesses have to stay at par with their operations and social media is evolving at a tremendous rate with every passing day, it is only fitting to relieve the workforce by automating operations and having AI-powered tools enhance marketing efforts. From interactive AI tools like Chatbots to management tools for social media, AI has completely changed the ballgame for startups.
2. EduCentric AI-Enabled Platforms
When AI and ML paved their way into the business world, it opened up numerous opportunities for other sectors as well. One of the few being Education. Educentric platforms are heavily using AI-powered tools which are proving to be a game-changer for the industry. There are predictions of Educentric platforms spending on AI and ML-based technological tools will skyrocket and in turn will end up being the industry with the biggest spending growth by percentage through 2022.
3. HR Sector
Hiring once used to be a complex and cumbersome task, which ended up with documents piling up, resumes, and other important documents losing their essence. This caused a surge in adopting AI and ML tools for a better, more efficient screening process. These tools help both the recruiter and the candidate in segregating data and finding value. Not just hiring, some tools also help build strong resumes for people. Start-ups can leverage this to triumph over their mission.
4. Finance Based AI Tools and Solutions
Fintech is another major area where AI takes lead. The transition and adaptation of AI and ML into finance were seamless. Many financial reps are making full use of technology in a lot of facets. This is an industry with a wide window of opportunity with regards to technological advancements, which guarantees success for any start-up looking to build prominence in this sector.
Now we are all aware that the industry is flooded with opportunities for growth and success through leveraging AI and ML. Although what kind of tool your industry should be using is something that needs a lot of research. Let us know in the comments below if you want us to write a blog on what tool your business needs to succeed, we would be happy to help! Also, visit www.Apric.in for more such content.
