Once considered to be something in our wildest dreams, AI/machine learning is now a very real part of our everyday lives. AI/machine learning is currently in many industries and making its way into many more. But not everyone knows how exactly AI/machine learning is affecting businesses.

1. It’s In (Almost) Every Industry: AI/Machine Learning!
By Lia Bischoff, ​Codal Inc
______________________________________________________
Once considered to be something in our wildest dreams, AI/machine
learning is now a very real part of our everyday lives. AI/machine learning
is currently in many industries and making its way into many more. But not
everyone knows how exactly AI/machine learning is affecting businesses.
Wonder no more! ​Codal​ breaks down a few of the industries being
transformed by AI/machine learning!
Finance
Banks and other financial businesses are using AI/machine learning for two
main reasons: fraud prevention and data analyzation.
While fraud is rare, it can be ​very​ costly. And as data sets grow bigger, it’s
even harder to detect fraud, but with ​AI​/machine learning, it just got a little
easier. This technology is capable of mining data and analyzing client
profiles in order to garner potential signs of fraud.
Insights provided by AI/machine learning analyzed data include investment
opportunities or suggestions for investors as to when they ought to trade.
Data analyzation helps risk management, which requires identifying risks
early on. And with AI/machine learning banks can recognize risky data
patterns sooner rather than later.
Looking for an established agency
with experience with both ​finance​ and
AI/machine​ solutions? Look no further
than ​Codal​! For an insider look at our

2. experience, checkout our ​Charles Schwab​ ​case study​!
Retail/eCommerce
Retail​ websites are using machine learning in order to analyze your
buying history and recommend products based on that data.
Machine learning is beneficial to ​eCommerce​ enterprises. For
instance, this technology helps eCommerce enterprises make better
data driven decisions, optimize processes, and identify new markets.
AI/machine learning also helps
create a more personalized
custom experience​. Likewise,
this technology can predict
customer service issues before
they even occur.
And with 70% of eCommerce taking place via mobile best believe this
technology is usable in that platform too!
Wanting to incorporate AI/machine learning into your eCommerce
business? Get in touch with an eCommerce web development
company and/or a ​eCommerce mobile app development company​,
like ​Codal​!
Healthcare
Digital transformation in healthcare is here!
AI and machine learning has taken
healthcare​ by storm! Healthcare AI is
estimated​ to have a value of $6.6 billion by

3. 2021 and save the U.S. healthcare industry $150 billion annually. These
technologies are making significant strides for both healthcare
professionals and patients.
AI is being used for medical diagnoses. For instance, Stanford University
created an AI algorithm that identifies and diagnosis skin cancer. This
technology is said to be available on mobile phones eventually. Likewise,
Google’s ​parent company​, ​Alphabet​, has an AI in the works that uses
high-level image recognition to detect metastasis.
In need of healthcare transformation solution? Contact ​Codal​, experts in
software development for healthcare, connected healthcare solutions, and
more!
Conclusion:
Industries not included in this piece, but that are reaping the benefits of AI
and machine learning include, but are not limited to, ​transportation​,
manufacturing​, and ​government​.
AI/machine learning isn’t going anywhere. That being said, take a step in
the innovative direction and incorporate this wonderful technology into your
business with a little help from ​Codal​, experts in AI/machine learning.