Today, Artificial intelligence and cloud computing together are playing a significant role in improving our lives and making things so convenient and sublime. Digital assistants like amazon’s Alexa, Siri, Google home, etc. combine artificial intelligence and cloud computing and provides us the advantage of the best technology.
Now it is possible for us to give a verbal sign to our much known Alexa and listen to our favorite playlist. How can someone avoid the advantage of AI and cloud computing, mandatory elements in science and technology? It is true to say that people even don’t realize that the benefits which we are acquiring through ease connectivity, integrity, is only because of the blend of AI and cloud computing.
At a very large scale, especially in businesses, AI’s capabilities are performing its significant role in cloud computing enabling the organization to have easy access, workflow, storage and sharing of data with ensuring privacy and reliability, thereby reducing cost and energy.
Things which you need to know about the future of Artificial intelligence and Cloud computing:
The Role of AI and Cloud Computing
According to statista, it has been estimated that the global value of the AI market will exceed by more than 89 billion annually by 2025. A significant proportion of that value is likely to arrive because of the support given to cloud computing by artificial intelligence and in turn cloud computing acting as a driving factor for the increasing scope of AI in today’s world.
Mckinsey recently conducted a study to explore how AI could impact value creation in a range of industries. The study revealed that across 19 business areas and more than 400 potential use cases, AI is capable and is likely to create $3.5 trillion and $5.8 trillion per year in value. This number shows a significant part of AI techniques. Moreover, McKinsey further estimated that the number could read up to $15.8 trillion.
Deloitte, however, pointed out in an analysis that the company can acquire AI capabilities but due to a lack of talented AI experts, companies are not able to utilize its advantages. Now here is the point where the cloud comes in.
The conclusion is that despite having a lack of technical top experts and huge data gathering, cloud innovators make it possible for many companies to optimize the advantages of AI technology. Through the cloud, companies can overcome these shortcomings and work with the ease of access.
In short, the cloud enables the company to have easy access to AI.
Let’s have a look at some of the important and promising applications for AI and cloud computing:
Powering a Self-Managing Cloud with AI
Artificial intelligence is being fixed into IT infrastructure in order to reduce the workloads and eliminate duplication.
AI-enabled machines or systems themselves record the efficiency of the work and thereby saving time and energy which further help the workers or employees to check the efficiency and take the decisions accordingly. Not only this, AI machines enable people to work on high strategic tasks.
From following build procedures to maintaining efficiency AI plays its role sincerely.
Improving Data Management with AI
At the cloud level, artificial intelligence is also helping in data management. On considering the vast storage of data which business generates and gather on day to day basis as well as simplifying the management process- identifying data, ingesting it, cataloging it, and managing it over time, all can be done by AI technique.
In fact, cloud computing solutions are already using AI tools to simplify the data management process. In banking, for example, even the smallest financial organization may need to monitor thousands of transactions per day.
And it is only because of AI tools, financial institutions are able to deliver accurate data to their clients, simultaneously maximizing their trusts. Not only this, but AI tools also help in finding out the fraudulent risks and take decisions accurately.
All these improvements help in areas like marketing, supply chain data management, etc.
Getting More Done with AI–SaaS Integration
Artificial intelligence tools are also becoming part of the larger Software-as-a-Service (SaaS) to deliver more value. Increasingly, Saas providers are fixing AI tools into their large software tools to offer greater functionality and value to end-users. Let’s explore one popular example: the customer relationship management platform Salesforce and its Einstein AI tool. The value of CRM is that it captures a significant amount of customer data and makes it easier to track customer relationships and personalize interactions. But the volume of data can be overwhelming.
Utilizing Dynamic Cloud Services
AI is also changing the perspectives and ways businesses rely on tools. A cloud-based retail module enables the brands to easily sell their products. The module has a feature that adjusts or changes the price of the product on analyzing and considering factors such as competitor’s price, demand, market level, etc. Sophisticated analysis that’s based on modeling–pulling on deep neural networks–can give businesses much better command of their data, with important real-time implications. The AI-enabled price module like this ensures that the company’s pricing will always be optimized, furthermore, analysis can be done without human intervention. What else is needed now!!!
AI and cloud computing are playing crucial roles in the transformation of business at every level. From deeper learning to near-complete automation of key processes, the potential is promising. While there are some examples of this in the market now, a look at the landscape suggests that this will only continue to grow in the years ahead.
It will be amazing to explore and know-how both AI and cloud computing together help in the growth and development of businesses.
