As technological ecosystems continue to undergo rapid evolution, businesses are constantly adopting new technology. Brands that adopt and deploy innovative tech early in the game can see compounded effectively compounding benefits and improving their market positions through reduced labor costs and improved operational efficiency.
Though relatively new, the wide-ranging utility of many AI business solutions offers considerable value for businesses that are looking to run a leaner business, while also improving profitability, operational speed and/or regulatory compliance. However, many business leaders must first witness technology at work for other organizations within their industry before they feel comfortable investing in a new technology and its potential rewards. This is especially true for some of the more innovative, potentially revolutionary tech.
To help business leaders across industries as they investigate their options in the realm of Digital Transformation, we have provided a few examples of AI business solutions in every major industry. The table below lists industry-specific instances to give business leaders a better idea of exactly how various AI tools can be developed to help companies address pain points, eliminate inefficiencies, and drive profitability.
Industry
AI Business Solutions
FinTech
-
-
- Client Portals
- Accounts Management
- Bill Pay & Transactions
- Financial Insights
-
Construction
-
-
- Work Orders & Inspections
- Reports & Job Metrics
- ERP Integrations
- Fleet Management
-
Healthcare
-
-
- Medical Device Management
- Patient Engagement
- Medical Records Management
- Biometrics and Telemetry Monitoring
-
Insurance
-
-
- Client Portals
- Claims and Coverage Management
- Policy Payments
- Agent Portals
-
Retail / eCommerce
-
-
- Customer Portals
- Analytics & Sales Data
- Essential Integrations
- Shopper Tools
-
Transportation / Logistics
-
-
- Fleet Management
- Permits & Regulations Management
- Freight Management
- Analytics & Reporting
-
Consumer Services
-
-
- Mobile Apps
- Web Apps
- SaaS Platforms
- Customized Solutions
-
Below, we offer deeper dives into the industry-specific applications for each of the aforementioned solutions.
FinTech Digital Transformations With AI
The financial sector is one of the more complex industries on the list, with many organizations dealing with challenges that are commonly found in multiple other industries. Fintech applications require convenience, with smooth user experiences, market data access, complex API integrations, regulatory compliance and data privacy that combine harmoniously to create a competitive product. AI can assist in all of these areas.
Business Area
AI Business Solutions for the FinTech Industry
Client Portals
AI-driven solutions can create web portals and mobile apps that proactively meet client needs with smarter interfaces, better customer support and better security/privacy protocols.
Accounts Management
On the backend, accounts management platforms can be improved or purpose-built with AI to automate data capture and organization, communication reminders and integration with other backend software platforms.
Bill Pay and Transactions
Payment management features are commonly found within larger AI-driven FinTech software platforms, which bring the same improvements to bill payment as other functions, such as enhanced data security, automated data capture and organization.
Financial Insights
AI can automate the process of research, data capture and dashboard organization to equip financial institutions with accurate, up-to-date market insights at all times without requiring dedicated staff members for data asset management.
AI for the Construction Industry
The construction industry offers several prime opportunities for AI automation because multiple departments rely on extensive administrative work to organize jobs, employee data, reports and performance metrics, amongst others. By adopting AI business solutions, construction firms can save money in nearly every department.
Business Area
AI Business Solutions for the Construction Industry
Work Orders & Inspections
AI-driven construction apps often generate simple work orders and inspection reports with dynamic templates and automated capture of certain data points. Features may also include automatically scheduling follow-ups when necessary.
Reports & Job Metrics
Back office and ERP integrations are vital for connecting the many different functions within a construction firm and creating a centralized data source for all employees to access. This is usually accomplished through a custom enterprise software platform that boosts ROI by improving efficiency and reducing workloads across all departments.
Fleet Management
Larger construction software platforms usually include fleet management as a primary feature to help track the vehicles in a construction fleet as they grow. It also tracks maintenance and inspection records to avoid unexpected downtime and improve the lifespan of fleet vehicles.
ERP Integrations
AI can empower construction software platforms to automatically collect and organize essential audit data, thereby improving business processes.
Medical and Healthcare Industry AI
Healthcare is another field that demands increased data privacy and intensive regulatory compliance at every level of operation, largely due to HIPAA. Combining such requirements with convenient platforms for both patients and healthcare professionals can be difficult.
Unifying these processes with a custom-built AI software solution improves efficiency, reduces liability, and saves time for highly-skilled workers such as doctors, nurses and other clinicians whose time is better spent interacting directly with patients.
Business Area
AI Business Solutions for the Medical and Healthcare Fields
Medical Device Management
Medical software platforms and mobile apps can be created for medical device management on both the patient’s side and the clinician’s side. These apps provide remote access to device functionality, data, maintenance reminders and support.
Patient Engagement
AI-powered patient portals can automate appointment creation, telehealth visits, prescription management, diagnostic information and other low-acuity interactions to save time for both patients and their providers.
Medical Records
Medical records, data and documents require specific HIPAA-compliant procedures. AI facilitates the secure handling of patient data and improves compliance by flagging issues in real time.
Biometrics Monitoring
Many patients require biometric monitoring equipment, either at home or at a healthcare facility. Mobile apps and software platforms can automatically collect, analyze and store this critical data in a secure, patient-friendly manner.
Insurance Industry AI Tech
The insurance industry faces similar challenges to other highly-regulated business sectors. Custom software platforms and enterprise mobile applications can streamline workflows once reliant on repetitive manual tasks – and are thus highly susceptible to human error. These innovations also increase consumer accessibility to coverage information and simplify the notoriously complex claims process.
Business Area
AI Business Solutions in the Insurance Industry
Client Portals
AI can be used to create web portals and mobile apps that more proactively meet client needs with smarter interfaces, better customer support and better security/privacy.
Claims & Coverage
Insurance software portals can leverage AI to provide more comprehensive claims and coverage information for consumers, eliminating the need to consult an agent. This makes it faster and less cumbersome to file claims and check coverage.
Policy Payments
Payment management is usually a feature of larger AI-driven insurance software platforms, which offer the same improvements to bill payment as other functions, such as improved data security and automated data capture and organization.
Agent Portals
Software platforms can also include backend portals that streamline agent workflows, such as claim management, client communication and more.
Retail/eCommerce Digital Transformations
The retail and eCommerce space is focused on fast, convenient user interfaces and quality data collection and analytics tracking.
Business Area
AI Business Solutions for Retail / eCommerce
Customer Portals
AI can be used to create web portals and mobile apps that make it easy to search for products, create and save a cart, and provide recommendations that learn from buyer behavior.
Analytics & Sales Data
AI technology can be used in an eCommerce platform to automatically collect, organize, and analyze data. Then, it can create automated reports for specific KPIs based upon what users want to see.
Essential Integrations
The most efficient retail software platforms and e-commerce mobile applications include useful integrations with a variety of different platforms.
Shopper Tools
Firms with experienced AI experts can create innovative shopper tools, like 7T’s platforms that have included AI-powered body measurement tools for custom garments and virtual try-on capability.
Transportation and Logistics Industry Digital Transformations
The transportation and logistics industry involves a high volume of required documentation while also managing large fleets of vehicles and itineraries to ensure timely transport and arrival. Given the amount of complex data needed to operate a successful transportation business, AI’s value to this industry is priceless.
Business Area
AI Business Solutions in the Transportation & Logistics Industry
Fleet Management
While most logistics software offers fleet management, AI integration helps by automating maintenance reminders and data organization, making it easier to avoid costly downtime and increase fleet vehicle lifespan.
Permits & Regulations
Mobile apps make it easy for users to manage permits and keep track of local regulations as they travel through different regions. AI can automate the process of determining what regulations apply in a transporter’s location, issuing updates to that information as regulations change.
Freight Management
Freight and load management tools empower transport and logistics companies to track and monitor freight loads, manage freight bills and documentation in addition to scheduling pickups and deliveries.
Analytics & Reporting
Analytics and reporting tools empower logistics and transportation companies to leverage large volumes of data, including drive times, freight load data, weights, freight bills and financials, driver data and more.
Learn More About AI Development for Business With 7T
At 7T, we use a problem → solution in our approach to AI development. The process begins with the identification of challenges and pain points. Then, we architect a value-generating solutions with artificial intelligence and other innovative technologies, with an eye toward maintaining alignment with your organization’s business strategy.
7T is based in Dallas, with additional locations in Houston, and Charlotte, NC. But our clientele spans the globe. If you’re ready to learn more about how to use AI for your business, contact 7T today.
