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Computer vision is one of the most significant and prospective branches of Artificial Intelligence. Today machine learning has enabled computers to extract information from the outer world, process it according to given algorithms, and act appropriately for the situation presented. Computer vision is already being used in an array of business fields, proving that AI can add immense value to any venture by presenting innovative solutions to the beaten track company problems. Let’s take a closer look at how AI actually revolutionizes businesses from the inside.
What Computer Vision Has to Offer
The list of business benefits AI presents is a vast one. They are so flexible and customizable that companies of any scope can find suitable options to complement their ventures. Computer vision is a branch that encompasses a number of technologies like image recognition, predictive analytics, OCR, and many others. Here we’ve compiled a quick review of the most popular AI options and their business use cases.
OCR Data Capture
What’s the resource that companies value most? Time is the correct answer. Running a business it’s impossible to avoid that monotonous and time-consuming aspect of work, which requires additional spendings on human and other types of resources. Paperwork is one of such. Computer vision has introduced OCR data capture to save precious time on manual transportation of paper data into its digital version. As a result, people are unburdened from boring and low-intellectual tasks, time is saved, and extra money stays in the pocket.
Image Recognition and Resource Effectiveness
If we were to name the most revolutionizing feature AI has presented to the world, it would be image recognition. IR makes it possible to replace people behind CCTV cameras with highly efficient AI software, which can perform a number of functions at the same time. Let’s take the manufacturing industry as an example. Image recognition can act as a quality checker, identifying production flaws or any machine aberrations. On the other hand, image recognition can tell if workers are safe and signal if it sees a potentially life-threatening situation.
Face Recognition Security Benefits
Apart from ensuring workspace safety, AI can bring the whole notion of “security” into your company. First, entrance security. Office guards can perform their duties well, but you can never go wrong with some supportive technology.
“Smart AI cameras can unmistakably identify staff within a fraction of a second and with the same speed signal if a stranger intends to walk in. Apart from the basic surveillance, computer vision software can help protect insider company data from getting into the wrong hands by installing face-recognition desktop systems.”, says a computer vision specialist from InData Labs.
Visual Search For Ecommerce
Sometimes it seems like Artificial Intelligence was designed by people who had a thing for ecommerce, as the variety of AI helping this particular field evolve is impressive. Visual search is the key element in identifying customers’ buying intentions, tastes, and needs. On the basis of likes and taps, AI software can analyze potential purchases and present smart recommendations to a user. Another trick of visual search is alternative search. It means that if the desired item is costly, an alternative search will showcase similar goods from various vendors. If to speak of computer vision use cases for a particular ecommerce store, it’s vital to mention virtual stylists and fitting features. Virtual stylist analyzes the pieces you’ve added to your cart and shows items that can complement your look. Online fitting is another AI wonder, which dispels any “it-won’t-fit-me” doubts, sharply increasing purchasing chances.
Predictive Analytics
There’s no way a company can grow without predictive analytics. Of course, there are qualified specialists out there, ready to do the same work, but once installed AI software won’t require any monthly salary to be paid for cutting-edge data management algorithms. Trend calculations, customer behavior predictions, market price formation aspect – all that and many more are within close AI reach. Today predictions have nothing to do with intuition and occasional slips – just real data and the newest analytical formulas.
The Final Thought
It’s always easier to stick to the habitual order of things ignoring the fact that the world around you has made a huge leap forward. Running a business, being in the flow is indispensable, welcoming change and innovation is simply unavoidable if you want to stay on track. Computer vision has the power to make your business more efficient, profitable, resource- and cost-effective, opening new edges and horizons, bringing fresh ideas and solutions. So why put incorporating AI till later while others benefit from it today?
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Image source: Unsplash.com
