Applications of AI Across Different Verticals

The term ‘artificial intelligence’ was formed in 1956 at a conference in New Hampshire, and since then, the world has seen a number of milestones with different adoptions of AI. From virtual assistants such as Alexa to self-driving cars, AI technology is helping consumers improve their lives and make everyday operations easier. But what about businesses? How will they be using AI to attract customers, manage their business, and save time? It turns out, different verticals have their own applications of AI to scale their business and overall growth. 

Artificial Intelligence Software Market Growth

As the world continues to adopt AI practices, the software market is growing, as expected. According to Statista, the market is expected to reach $126 billion by 2025. Applications will include natural language processing, robotic process automation, and machine learning. 

COVID-19 Propelling the AI Movement

A major question to address is: Has COVID-19 propelled the AI movement? The answer is yes. 

In a survey by RELX, more than a thousand senior executives were surveyed on the topic of AI adoption during the pandemic. The majority of respondents (68%) increased their investment in AI technologies during the COVID-19 pandemic, 48% invested in new AI technologies while 46% invested further in AI technologies already in use at their companies. Similarly, 63% of business leaders polled reported having a positive experience with applications of AI technologies, as it helped their business stay resilient during rough times.  

However, it is crucial to note that the companies are using AI to increase worker productivity, not necessarily replace labor. That is not to say that AI is not being used to replace labor at all, it just means that those were not the results that were yielded from this survey. 

How AI is Being Used in Different Industries

Healthcare: As healthcare is rapidly transforming, especially during the pandemic, AI is increasing its presence in the vertical through various ways. Check out 5 Ways AI is Transforming the Healthcare Industry. Some other advanced healthcare methods that involve AI and ML are applying it to reduce diagnose errors, improving patient convenience, and assisting in delivering telehealth services.

Agriculture: The terms ‘smart farm’ and ‘farming 4.0’ are spreading fast within the agriculture sector. Both terms are synonyms for automation in farms which involve the application of AI. Robots are ready to take over farms and carry out various processes involved in the food chain including detecting weeds and packing. This will likely take over human jobs as mundane tasks will be handled by advanced technology. 

Manufacturing: Another sector which requires mundane processes to be handled, manufacturers are constantly looking for several tasks to be automated. Luckily, AI is here to save the day again. Common applications of AI include product development, price forecasting for raw materials, and customizing the look and feel of the products as well. 

Retail: Artificial intelligence is changing the way stores operate, both in-store and online. The main goal here is to improve customer service. Whether that is through helping customers find a product in a store, reduce long lines during checkout, or even robots that recognize customers by face and determine their likes and dislikes. The possibilities are endless.

Real Estate: You may have heard of various technology disrupting the real estate scene before, such as augmented reality (AR) and virtual reality (VR) online tours. Well, AI is also transforming the way realtors do business in various ways. Realtors can take advantage of this technological shift by incorporating a chatbot to their site, examining Big Data to have more targeting marketing campaigns, and better manage their properties. 

I want to Incorporate AI Technology to My Business, Where Do I Start?

Artificial intelligence can get complex, so you need to partner with a reputable software development company that has decades of experience to examine your business properly and craft the perfect AI solution to scale your business. From AI strategy consulting to development, we got you covered every step of the way. 

Sunvera is one of the top AI companies in Orange County, and can help you implement the right software solution for your business while helping you reduce costs and improve operational efficiency. Contact us for a FREE 2-hour consultation.  

How Precision Farming Produces More and Better Crops

As the world moves towards Industry 4.0, so does the agriculture world. Farmers are becoming more technological with how they grow and sustain their crops, and many are turning to precision farming to be able to produce more crops which can be properly maintained. As a greater number of farmers are seeing great results by using this method, it is clear that this advanced method of farming will take over the agriculture industry in the coming years. 

What is Precision Agriculture?

Precision farming is a method where you use a management system to input every detail you apply to your farm (ex. how much soil is being used in a particular area, how often you water a specific crop etc.), which is then used to make more informed decisions in the future. So in short terms, precision agriculture is a greater level of farm management which yields increased productivity, sustainability, and can help you produce more crops while increasing your harvesting rate. 

Precision Farming Software Market

The software market for precision agriculture was valued at $993.24 million in 2019, and is expected to have a CAGR of 16.7% from 2020 to 2025. These stats indicate that precision farming is one of the fastest growing trends in agriculture. 

Precision Technology in Agriculture

On the more technological side, there are a number of tools that can be integrated with precision agriculture practices. Let’s go over the top three tools being used by farmers.

  1. Global Positioning System (GPS): No, a GPS is not just used for you to navigate through a new area. Farmers need them too! A good GPS system allows farmers to easily locate their crops. GPS also allows for farmers to collect soil samples, map out weed locations, determine what areas of their farm can be harvested, and a lot more. 

  1. Automation: As artificial intelligence (AI) continues to replace human workers with robots, the agriculture world is experiencing the same shift. Automation is quickly taking over farms to handle mundane tasks such as spraying, seeding, harvesting, and packing. 

  1. Sensor-based technology: Sensors are being implemented in farms to determine what actions should be taken based on weather patterns, temperature, pH etc. These further actions can be done either manually or with automation, depending on how technological your farm is. 

You can read about more farming technologies here. 

Where to Start?

Now that you have learned a little bit more about precision agriculture, one of the most important questions may come to your head. How do I implement it, and how easy is it to do so? The answer we have for you is: it depends. It all comes down to which software company you partner with, and how their reputation is. 

Our employees at Sunvera Software have 30+ years of software development experience and have worked with numerous agricultural clients in the past, helping farmers increase their crop production while lowering their farm management and operation costs.

Sunvera can help you implement the right software solution for your business while helping you reduce costs and improve operational efficiency. Contact us for a FREE 2-hour consultation.