Boost Business With Applied AI in Software Development

Various people interpret the word ‘AI’ from different perspectives. Some think of it as the invisible tools integrated into search engines or smart assistants that we use in our daily lives. While others think of it as a world of future ideas and innovations.?

There are many verticals of our lives that AI has improved. No matter if it’s a mere recommendation on the new Netflix series to redefine the way we diagnose lifetime illnesses like cancer.?

Businesses are also turning towards this drastic revolution to leverage the rising capabilities of AI in software development. On top of it, Applied AI widens the opportunities in building software applications to generate high value.?

Let’s explore the world of Applied AI in software development and how it can benefit your business!

What is Applied AI?

Applied AI takes artificial intelligence from the lab and uses it in the real world. It helps computers and robots do real tasks. Applied AI improves software and uses advanced machine learning for better accuracy and adaptability over time. It changes business models and industry processes and improves our interactions with the world around us.

How is Applied AI Different from Regular AI?

Each type of AI solution lacks one or more of these five key areas for applied AI success:

• It works immediately.
• It is trustworthy.
• It benefits people with a positive impact
• It can grow and scale.
• It has practical uses in business.

We call this gap between AI and applied AI the "application gap”. This gap is where AI fails to quickly, effectively, and ethically provide a solution that is useful and beneficial for businesses and society.?

For such reasons, Applied AI is defined as:?

• Clearly beneficial to people's lives
• Available Today
• Accurate and trusted
• Solving real-world problems that affect many people

Add to that, Applied AI helps businesses improve their processes and enhance customer experiences for the better.

How Can Businesses Benefit from Using Applied AI in Software Development?

Applied AI offers many benefits to businesses including:?

• Quick decisions: Applied AI allows computers to make decisions similar to humans, reducing errors and predicting results for the software development process. This leads to full automation of processes and better smart device systems.

• Automation: Applied AI handles repetitive tasks, letting employees focus on more important work and boosting productivity.

• Human touch in technology: Applied AI combines computer skills with human insight, reducing errors, bias, and ethical issues.

• Increased efficiency: Applied AI boosts productivity, saves time, and cuts costs.

• Boosted revenue: Applied AI finds and fixes tough business problems, helping to increase profits with its learning and adapting abilities.

Also read: Code Evolution: Transforming Software Development with Generative AI Adoption

Possible Challenges Associated with Applied Artificial Intelligence

• High investment in talent: Getting skilled people to work on AI models can be expensive and challenging, making it hard to start using AI effectively.

• Cybersecurity: These are risks and weaknesses in protecting data when using AI systems.

• Increasing and changing regulations: New and changing rules affect how AI is developed and used.

• Responsible AI: This covers important issues like making sure AI is used fairly, responsibly, and in ways that can be easily explained.

Why Applied AI is the Future?

We are in a new era of AI that offers many opportunities for everyone. Applied AI is likely to be an ideal model for businesses to develop profitable, sustainable futures.

Applied AI tools give leaders new levels of strategic visibility and analytical insight. This allows them to tackle new challenges, drive growth, and speed up workflows.

Applied AI processes are transforming businesses and shaping the future. It helps organizations improve their operations and customer experiences, making them better suited to today's picky consumers and changing markets.

By using applied AI, businesses can increase productivity by freeing people from tedious tasks. This allows people to focus on customer service, innovation, and idea creation, which helps build stronger organizations.

AI's ability to learn and adapt quickly means it can take on new tasks, providing businesses with more strategic flexibility and long-term value.

Applied AI tools also help with sustainability efforts, helping the fight against climate change and extending their benefits beyond just business.

Overall, applied AI is set to revolutionize how businesses operate and contribute to a more sustainable future.

Real-World Examples of Applied AI

Target

Target's central data and analytics system collects data from various sources, like website clicks and APIs, to make predictions and forecasts. By using applied AI, Target gains insights into customer shopping preferences and creates personalized marketing campaigns. They can even predict major life events, like pregnancy or buying a home, which can significantly change shopping habits. This helps Target better understand and serve its customers.

Starbucks

Starbucks' Deep Brew project uses AI to improve the business and customer experience. By analyzing huge amounts of data from all areas of the business, Starbucks is implementing AI for personalized product recommendations and predictive inventory management. They also equip espresso machines with sensors to log and analyze each shot, using predictive analytics to identify areas for tuning and maintenance. This helps enhance both the operational efficiency and the customer experience.

Facebook

Facebook, with over 1 billion active users and a massive data warehouse, uses AI for various tasks like detecting hate speech and targeting ads. Although its use of user data is controversial, Facebook's data approach has made it a leader in AI and machine learning. Their Applied AI research focuses on computer vision, language translation, personalization, AI infrastructure, and virtual reality. These efforts help improve user experiences and connect people worldwide.

Wrapping Up

Applied AI, like general AI, can have different meanings for different people. However, its unique advantage is its ability to bring real and positive benefits to millions of people, various industries, and the planet. Applied AI not only enhances business intelligence and transforms software development operations for better commercial success but also helps people and organizations build a more sustainable and socially responsible future. By addressing key challenges and improving efficiency, applied AI paves the way for a more impactful and ethical approach to custom software development.

If you’re looking to integrate applied AI into your business software, then get in touch with a professional custom software development company such as DianApps. With our expertise in advanced technologies like machine learning, robotic process automation, NLP, speech recognition, and many more, we can ensure to provide the best outcomes for you.