The most common type of AI for development of business, the machine learning is used to process large amount of data being fed to algorithm which “learns” over a period.

A few implementation cases of this are:

• Real Time Chatbot System
• Decision Support
• Customer Recommendation Engines
• Customer Churn / Traffic Modelling
• Dynamic or Demand Based Pricing
• Customer Segmentation and Market Research
• Fraud Detection
• Operational efficiency
• Data Extraction

Such application improve accuracy and reduce errors, fast-track the work process, and improve the overall experience for the customers and employees.

Hence a lot of are looking for ways to incorporate machine learning to drive new business opportunities that will make their brand stand out.