From the hospitality industry to real estate, from retail to e-commerce, every single sector has been utilising the best of advanced technology and experiencing fruitful results. One of the most recent technologies used by businesses that have been bringing about quick changes and progress in the field of development over the past few years is artificial intelligence or AI. From coding to implementation, major technological inventions like AI is steadily improving and assisting in the discovery of a whole new approach to technological invention. In fact, almost 80% of companies are investing in AI.

The recent advancements in the technological world have been creating a significant impact, especially in the software world. Technological development has taken businesses into a completely new zenith of success where the business operations and management is automated thereby reducing manual labour and improving productivity. Supreme advancements like AI have been transforming the process of software development, enabling businesses to streamline their operations and provide customers with better goods and services thereby helping them stay ahead of the competition. It has shaped how companies have started to run their businesses and utilise the software in the best possible ways.

The real question is will understanding the role of AI help in shaping the future of software development?

Let’s check it out here in this blog as it explores the various impact that artificial intelligence

How Artificial Intelligence Is Driving Better Software Development

AI has the potential to enable a huge impact on the future of software development. Its lifecycle is being accelerated by algorithm-based machine learning, and AI is helping developers to optimise the software workflow at every phase of the process. As a matter of fact, AI will have a significant impact on how programmers and developers construct apps and how people interact in contemporary settings. The future of the development process of software will be significantly impacted by AI, which is being employed by businesses to create better and improved software. Additionally, it will enhance productivity, performance speed and even the product quality.

However, in the coming 5 years, almost every business whether small, mid-sized or even larger companies will make a smarter investment in AI and strategise to bring out the best. So, in order to understand what the future holds, let’s take note of how artificial intelligence is actually creating an impact on the process of development of software.

• Speed and efficiency: By automating many tedious and complex tasks, AI has the potential to significantly reduce development time and improve software quality. It enables automated tests without manual efforts saving time and increasing productivity. AI also enables developers to manage large and complex data sets in a more timely and accurate manner.
• Automation: AI has a significant impact on the process of automation as it can automate time-consuming and complex developer tasks like testing, debugging and deployment. This reduces manual labour while also improving software availability and reliability.
• Problem-Solving Capability: AI has the ability to help solve complex software problems within a few moments. It can probe through massive amounts of code and data in order to uncover patterns and make decisions faster and more accurately than human developers, in many cases.
• Better User Experience: AI-assisted software development can result in improved user experiences. AI can shorten development time, reduce coding errors, and improve algorithms to make applications more user-friendly thereby delivering an improved and better user experience to the customers.
• Quality: By utilising AI in software development, developers can improve the software quality and as well as perform accurate and reliable testing of the concerned software. AI can even detect quality issues and assist in the reduction of bugs and other errors.
• Collaboration: AI can help developers collaborate by allowing them to exchange ideas and expertise in real time. This can aid in the improvement of communication and collaboration, resulting in more efficient and effective software development processes.
• Agile Development: By automating some operations like testing and deployment, AI can easily help facilitate agile development processes. This allows engineers to concentrate on more creative and inventive elements of software development, resulting in more frequent and faster releases.
• Natural Language Processing (NLP): In the process of software development, Natural Language Processing can be used to create programmes that comprehend and interpret human language, resulting in more intuitive and user-friendly solutions.
• Cognitive Computing: Cognitive computing is a subfield of AI that focuses on replicating human thought processes. This can be utilised in the development of software to design apps that comprehend and respond to user demands more human-like.
• Decision Making: Artificial intelligence (AI) can be utilised to make data-driven judgments, resulting in better software design and development processes. This can help to increase software quality while also shortening development time. Additionally, strategic decision-making is automated therefore reducing human errors and biases.

The role of AI has already been well established in the world of technology and its impact in driving the success of a business. AI plays an integral role in improving software development by making it fast, reliable and highly efficient across various industries. It’s just a matter of a few years before that even the few companies that are yet to take the shot will come into line to level up their game. In fact, it has already taken up the spotlight which is not receding anytime soon.

From digital assistants, facial recognition, autonomous vehicles, medical diagnostics, human-like robots – artificial intelligence is everywhere.

Artificial Intelligence refers to the use of hyper-intelligent algorithms to enable a computer program to learn and think. To put it simply, AI is everything that uses a program to execute something that would ordinarily rely on human intelligence.

With a capacity for enormous benefits, Artificial intelligence solutions hold the potential to revolutionize any professional sector. Here’s a look at a few of them.

No scope for human error

Human beings are prone to error from time to time, no matter their level of expertise.  Machines, however, are error-free when programmed accurately.

Using Artificial Intelligence digital actions are implemented based on previously captured data by applying a particular set of algorithms.

This automatically reduces the margin of error. So any business using Artificial Intelligence solutions can achieve high accuracy and a greater degree of precision.

Round-the-clock availability

Typically, the average person works for around 4-6 hours per day, apart from break times.

Contrarily AI operates round-the-clock.

You don’t have to worry about your AI getting bored, demotivated or falling ill.

It functions without interruption or breaks and unlike humans, it has no downtime.

They have the ability to seamlessly cater to customers across the world in diverse time zones.

Digital assistance

Several organizations, of all shapes and sizes have wised up to the use of digital assistants.

This gives them the capacity to interact with their audience without the need for human resources.

Additionally, digital assistants are being utilized in a host of websites to cater to users’ needs.

People can chat with them about what they are looking for and much more.

Today chatbots are created in such a way that users would not even realize whether they are interacting with a chatbot or a human being.

Automates mundane tasks

On a daily basis a business has several repetitive, mundane tasks for instance, document verification, generic thank-you mails, spreadsheet reports and so on.

Leveraging Artificial Intelligence solutions you will be able to effectively automate tedious tasks of this nature.

This will serve to free up your human employees to exercise their creativity and solve problems.

Swifter decisions

AI can be implemented in conjunction with supplementary technologies.

This would allow you to make machines come to decisions and even execute them, much quicker than would be possible for a human.

In the process of arriving at a decision an employee would take several factors in account both emotionally and practically.

Artificial Intelligence solutions however, operate on the basis of what it is programmed to do and this serves to speed up the decision-making process.

It’s evident that Artificial Intelligence creates a seamless collaboration between enterprise systems and individuals. An increasing number of organizations are adopting this powerful tech and driving sustainability for their businesses.

After having implemented AI-based solutions, several companies located worldwide are reaping the benefits of this path-breaking technology.  Enterprises have implemented Artificial Intelligence solutions beginning from automating certain functions like customer service to figuring out the appropriate market/product fit.  There are AI tools for virtually every task today, and the following are some of the significant benefits that you will find with AI. Currently you’d be able to find AI tools for almost every aspect of a business, and here some of the significant benefits based on actual AI use-cases.      

1.Improved flexibility       

2.Lowering of costs     

3.Reduced time spent on tasks  

4.Better results and ROI Reduced risk

Despite the fact that there are still several misgivings surrounding this relatively new technology, in this article we will look at some of the key aspects of AI solutions that can potentially revitalize your business.  

Personalized experience for users

In combination with SEO, Artificial Intelligence algorithms give you a deep dive into the needs of your customers by creating a persona-based intelligence.  Each customer is unique and a business that proves successful in supporting the unique needs of all will be able to experience extraordinary success. Once you’ve tapped into your customers’ individual needs you can then leverage Artificial Intelligence systems to plan your next move accordingly.

Automation

AI systems can free-up a considerable amount of time of your employees seeing as they automate a number of different functions. AI driven automation can make the tasks like Customer Service, Software Testing and Development, Brand Management, Human Resource Management and so on a lot easier and enable businesses to execute routine operations and scale rapidly.

Competitive intelligence

It’s every business’s target to obtain exhaustive information about their competitors and as it happens, AI can be of service. Armed with AI-enabled competitive intelligence tools you’d be able to track competitor activity spanning a range of digital channels like websites, social media accounts and the like. It allows you to pull out actionable insights from key innovations brought in by your competitors, enabling you to build a robust strategy of your own.

Sentiment analysis

AI is no longer being used merely to recognize whether certain words have positive or negative connotations, it’s become intelligent to the point where it can even identify the tone of a statement.  It gives you the capacity to manage brand or product reputation, measure public opinion, analyze social media sentiment, perform market research, and understand customer experiences. You may ask, what does that yield? You benefit from optimized marketing strategies, top-level customer communications, enhanced products and services and considerably more.

If you are wondering what the hype is all about, here are some of the key advances that AI is brining to online shopping:

1. Optimized inventory management

By means of smart recommendations and real-time data AI inventory management allows Ecommerce sellers to benefit from operational precision. These inventory systems are equipped to better control their supply chain, correctly predict changes in demand and track trends over time. The blend of robot technology and AI software allows sellers to automate majority of order fulfillment and warehousing processes

2. Personalized recommendations

While it is certainly not a novel concept personalized customer recommendations have continued to be adopted by a host of businesses. With AI technologies customers can be targeted and given a high level of personalized service Typically Ecommerce marketplaces consider a number of parameters before they proceed to make a suitable product recommendation to a customer.

• * Products that the shopper has previously rated

• * Products previously purchased by the shopper

• * When does the shopper like a product

• * When does the shopper buy a product

• * When does the shopper rate a product

3. Analyzing Big Data

AI technologies have the ability to analyze a high volume of data to identify hidden business insights. This empowers them to make accurate predictions regarding trends and arrive at valuable decisions that benefit the business. Optimized AI systems will help your business gain insights on which products need to be discounted and which need to be procured.

4. Virtual Buying Assistants

Ecommerce sellers gain a huge advantage by using AI-powered virtual buying assistants. As the name suggests, these assistants aid customers in narrowing down on which products or services to buy or select.

What’s more, these Virtual Assistants alert consumers to price drops among the items which the consumer has previously shown interest in and if prompted, it is also equipped to make purchases on behalf of the customer.

5. Image Search

Ecommerce businesses are now offering their customers image search capabilities. You would just need to upload an image of any product of your preference and the portal will be programmed to identify identical or similar products.  AI-driven algorithms have made the life of consumers easy by reducing the actions they need to take to find their products while shopping online.

6. Voice recognition software

Machine learning (ML) and artificial intelligence (AI) have led to the growth of voice commerce. Many Ecommerce sites are joining the trend to optimize for voice search. The impetus behind this trend is the preference of consumers to make purchases utilizing the least amount of effort, besides they also consider it a fun and easy way of online shopping. Voice-activated smart technology has the capability to recommend products and content to your customer from your online store.

So it is clear, AI systems remove manual tasks off your plate and enhance your conversion rates by leaps and bounds. Stay ahead of your rivals by ensuring that your Ecommerce business is armed with the best AI technology available in the market.

The VR industry is rising at a rapid pace with the market size of virtual reality hardware and software expected to increase from US$ 2.2 billion in 2017 to over US$ 19 billion by 2020.The prediction forecasts revenue from the global virtual reality industry to hit US dollars of 21.5 billion by 2020.

Use of AR and VR in Various Areas 

Possibly XD films and cinemas are the most prominent example of AR / VR integration in the entertainment industry. Let’s look at the top 5 entertainment niches where such innovations can be implemented successfully.

Museums and Art Galleries

In museums and galleries, the use of AR and VR technology is not a new trend but the one that is increasing in number.
These examples are only a few from all over the world and demonstrate how virtual and augmented realities are capable of making exhibitions interactive, exciting and helpful.Whether designing a museum tour or making displays more engaging, or contextualizing artifacts and showing their true size, professional help is required to bring AR / VR technology to your organization, exhibition, collection, or elsewhere.

Movie Theatre 

More than 66% of people are more likely to visit an interactive performance in a theatre than a traditional one, according to recent surveys. Immersive performance enables the participating audience to take part in the action making the process more entertaining and engaging. AR / VR is a very promising trend in the creation of performances in theatres.

Shows and Concerts

While concerts using AR / VR, including mainstream musicians but it is still at an experimental stage. In the future, it is inevitable for this technology to become an integral part of most live shows. These concerts are incredible and never-be-forgotten thanks to AR and VR. Many fans of music can pay extra to watch VR concerts and concert shows.

Sports

The sports industry should think about introducing AR and VR technologies to enhance the spectators’ experience and reach a broad number of viewers.

VR technology allows live sporting events to be broadcast in a 360-degree format offering an immersive experience for sports fans worldwide.

AR technology enables sports experts and enthusiasts to access significant details in real-time at the arena, tennis court, golf course, etc. This information may include the ball ‘s speed and trajectory, weather conditions, player history, track record, or other relevant details.

Theme Parks

Virtual Reality for theme parks and entertainment is on the move helping to construct unique and remarkable experiences. VR is assisting the parks to have the same experience where the fun will be intact in the popular rides and to avoid any possible risk.

VR technology has a wide range of uses and it has immense potential in many different industries. It is gaining in popularity and the statistics mentioned in this article also suggest that it is likely to get big in 2020. Entertainment business owners should think about integrating AR / VR technology to lure a new audience to it with better and more effective user experience.

In 2017 the University of Melbourne started using blockchain to issue digital certificates, enabling students to exchange checked copies of their qualifications in a tamperproof network with employers and other third parties.
New ways of implementing blockchain technology are developing all the time in the higher education market. Many high-profile ventures have gained considerable media coverage in the last few years, fueling further interest in the technology.

Let’s look at a number of reasons why blockchain technology has become one of today’s most impactful innovations.

Complete Transparency

Blockchain technology makes records of transactions open. Being a type of distributed ledger, the nature of the blockchain technology allows changes to be made only by the consensus of all participants in the network who share the same documents. Just a single change in the transaction record will entail modification of all subsequent documents. This helps to ensure the properties are legitimate and to prevent fraud.

Unparallel Security

One of the main aspects of blockchain technology is transaction authentication. In a blockchain network, a transaction must be demanded through a wallet and forwarded to all computers. Each of these nodes or computers in that network must verify the transaction against a set of predetermined rules. The information will then be stored in a cube, and hash encrypted. When the nodes validate this hash, the information stored in that block is permanent, irreversible, and safe. This guarantees that all transactions are safe and sensitive information is secured by financial institutions, governments, and other organizations.

Increased Cost and Time Efficiencies

Instead of relying for verification and movement of information on third-party intermediaries, blockchain uses cryptology to allow direct transactions between two parties. Instead of the time-consuming process of knocking on the doors of central authorities or other intermediaries, proving the authenticity of ownership of an asset is done through the blockchain and network nodes. Recording in a single ledger often takes out the complexity of manual processes that are prone to mistakes and thereby saves time and money.
Now let’s see how that works in the education sector.

Economic Option

Another area where blockchain can be useful in education is the accessibility and affordability of the courseware. One way is to cut the intermediate fees in software transactions. For instance, eBooks can be fitted with blockchain code and exchanged over the network. This will eliminate the charges on portals such as Amazon and credit card fees. The writers themselves will read the books right away. This would mean substantial savings for students and writers alike. This way you can access video tutorials, and much more.

Blockchain in Education Industry 

By looking at other industries currently using blockchain technologies, we may start making assumptions on how to use these networks in an educational environment. While there is a very large number of potential uses in education, there are a few which are the most exciting.

Information and Library 

Since keeping track of and storing information is simpler, the blockchain may be used to improve library and information services in schools. While few libraries have begun experimenting with blockchain technology, at least one school has been granted a significant grant to begin the process of discovery.

Easy Transportation

Getting students to school is an important part of their education. Ridesharing applications based on blockchain technology may be used in the future to coordinate carpools for special needs students. It will be particularly important as highways become more overcrowded and carpooling becomes a necessity. Using the blockchain in this way would also take the parents’ burden off and make sure all children get the safe transportation they need.

Since blockchain usage is still very new and unexplored in the educational space, there are lots of unanswered questions. What is obvious though, is that there are infinite possibilities. When school officials look to the future, they will do well to understand how this strong technology can be harnessed.

AI has allowed Retail IT Consulting to use high-level knowledge and data to enhance retail operations and new business opportunities. Indeed, it is estimated that AI created an additional $40 billion in retail sales over a period of three years. Retailers who want to stay competitively need only look AI in the retail industry. 85% of companies are projected to use AI by 2022, and those who do not risk losing their competitors insurmountable market share.

How AI Can Help Retail Industry

AI is an asset for Retail Consulting Solutions. It is mainly useful for retailers who gather and process huge information for their customers. AI retail apps can provide valuable insight into information and deliver customized customer experiences through machine learning and deep learning techniques.
Now, we ‘re going to see how AI modernizes retail to provide a better experience.

Inventory Management

AI creates better demand forecasts in the retail business. AI’s business intelligence tools use market, consumer and competitor data to predict the industry’s shift and change proactively the marketing, marketing and business strategies of a company. This also affects the planning of the supply chain and pricing and advertising.

Interactive Chat

The development of interactive chat programs is an excellent way to use AI technologies while improving customer service and retail involvement. These systems use AI and machines to speak to customers, respond to common questions and direct them to helpful answers and tests. Such programs, in effect, capture important consumer data to support future business decisions.

Adaptive Homepage

Mobile and digital portals recognize and customize the e-commerce experience to reflect its current context, earlier purchases and shopping behaviour. AI systems continuously develop the digital experience of a user to produce hyper-relevant displays for each interaction.

Faster Decision Making

AI in retail helps customers decide quickly on product purchases. Since you can be frustrated when trying different clothing if you buy clothes in physical stores. Digital trail rooms with digital mirrors based on AI boost the ability of customers to determine. These smart retail systems not only help offline purchaser but also save online purchasers valuable time.

Dynamic Outreach

Advanced CRM and marketing systems are used to create a detailed shopper profile and use the information to provide proactive and personalized outbound marketing — customized recommendations, rewards or content — through a range of repetitive interactions.

Security

The state-of-the-art and best AI protection equipment help retailers to capture consumer behaviour. This improves the level of safety while at the same time improving the service and product offerings provided by retailers.

In comparison, retailers reduce fraud using video analytics. The retailers can perform real-time monitoring with footages captured with AI-powered security equipment. AI apps send administrators protection warnings so that the proprietors can act immediately.

Targeted Marketing Campaigns

Retailers can carry out different marketing campaigns by using AI algorithms. Conversion rates will increase by creating different advertising based on consumer area, tastes and purchasing habits. By generating advertising based on consumer preferences, marketers may raise their conversion rates from 2 to 3 percent. Brand satisfaction and customer retention are enhanced by target marketing. Holding customers is extremely important because 20 per cent of current customers account for 80 per cent of the potential income.

Through this link, we will see how artificial intelligence technology changes the retail industry. The retail areas are excited for AI and want to take advantage of the potential of AI technology. The use of artificial intelligence in retail presents consumers with blurring potential. In the retail industry, AI has made retailers a strong competitor.

Food Delivery Apps

AI has long been paving the way for smartphone devices. Through continuous advances and technological growth, food supply apps have become a product that nearly everyone with a smartphone has.

Cost-effective and Smart

Restaurants which integrate AI into their POS systems benefit from significant cost reductions with comprehensive analytical data stored in the system which explains how the products in their inventory are used by management. The tracking and ordering of items on the basis of their use prevent the underusing or expiry of items.

Voice Assistant-Enabled Ordering

With the voice assistant capability continually growing, restaurants may integrate this feature in their systems just in time. AI has allowed restaurants to take orders from a whole new customer base using apps like Echo and Google Home.

Better Scheduling

One of the prominent benefits of AI for restaurant companies is in the preparation solutions, an often-overlooked field that has been outstanding with AI’s support. This allowed restaurants to preserve continuity and decorum in their services with the opportunity to prepare schedules that staff use to their full advantage and supply them beforehand.

Better Customer Experience

In improving different tech features used by hotels and restaurants, AI has played a crucial role. In addition, AI has been used to track the actions of customers and give restaurants an indication of what has a positive or negative impact on the consumer. This allows restaurants to build a good image of their dedication in the minds of customers.

AI Application for Restaurant Business

With the right way of AI integration in the restaurant business, you can find out several new possibilities to explore. Here are some notable applications of AI in the food industry.

Virtual Assistants:Today people are first searching for restaurant information on intelligent devices before deciding to visit it. Here is the role of virtual helpers. They collect all sorts of important information from restaurants, including distance, waiting times, menus, locations, etc. So users can select the restaurant and make reservations based on the interactions between the devices.

Chatbots:Restaurants now use chatbots to respond quickly to customer queries and to process and customize orders. The websites mainly use chatbots for technology support in a general scenario. Restaurants use chatbots for responding to customer requests, ordering and managing bookings. Chatbots are like we human beings and answer to the customers as typed messages.

Kiosks: Restaurants now integrate AI-driven kiosks to focus on reducing customers’ waiting time and improving their experiences. These ordering kiosks simplify the customer’s ordering process and these systems act as a point of sale system. The customers carry the order directly to the kitchen, which reduces food preparation and delivery times significantly. We make upselling recommendations for improving desires, focused on consumer intelligence and purchase trends.

Robots: In order to expedite food preparation and delivery, restaurants now use AI-driven robots. The robots used in the restaurant cuisine became the centre of publicity following the introduction into their kitchen of a robot called Flippy, the Caliburger located in Pasadena. More than 300 burgers were reportedly prepared in a day by the robot. They subsequently ordered the delivery of 50 more robots by the end of 2019.

Recommended Engines: Developers may now develop AI applications to help customers select their meals on the basis of their wishes and expectations. The restaurants can apply for personalized sales promotions according to their preferences with such applications. AI should be able to determine if the user remains at or visits the customer after learning from the purchasing patterns and the current venue. Such information will help you to offer customers suggestions in real-time.

In the restaurant industry, AI is progressing steadily, and it would be well known across the industry within a couple of years. AI’s already present and has begun to quit. It has to be said. The use of AI in the form of better ordering, quick food preparation and service, cost savings etc is a host of obvious benefits for restaurant companies. Yet, we have not entered the age of full automation and use as restaurant staff of dedicated robots. Though we still have a long way to go, for all good reasons it is time to embrace the technology.