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AutoML can empower the manufacturing industry to boost profit margins and accelerate production time. Incorporating machine learning enables companies to predict and meet demand, optimize maintenance scheduling, and speed up testing and calibration times. With Firefly.ai’s simple, automated platform, manufacturers can access the power of machine learning without an advanced data science department.
The finance industry is adapting AI at the fastest pace. The biggest buzz surrounds the value that machine learning can bring to use cases such as fraud detection, risk mitigation, and investment optimization. Firefly.ai’s automated machine learning platform enables financial organizations to stay ahead of the market and build fully transparent predictive models without a robust data science operation.
Retail & Online
Online and offline retailers use analytical tools to better understand customer behavior, streamline inventory management, and improve pricing optimization. But AI capabilities such as machine learning add detailed predictions to improve performance even further, delivering up to $600 billion of added value, according to McKinsey. With Firefly.ai’s automated machine learning platform, retailers can create effective models that predict demand and analyze pricing data, so that they can maintain ideal stock levels and optimum pricing even without an advanced data science team.
The global AI market is expected to be worth almost $60 billion by 2025, and it’s predicted that AI will contribute around $15.7 trillion to the global GDP by 2030. It’s not surprising that product leaders in enterprise software companies are eager to leverage AI in order to drive growth, develop new products, and maintain their competitive edge.