Topics In Demand
Notification
New

No notification found.

AI and Machine Learning in the Cloud: Real-World Applications and Case Studies-Cloud computing certification
AI and Machine Learning in the Cloud: Real-World Applications and Case Studies-Cloud computing certification

July 5, 2024

3

0

 

Introduction

Artificial intelligence(AI) and machine learning(ML) play an important role in the development of the global economy. Exploring these efforts, combined with the power of cloud computing certification, provides extraordinary scalability, flexibility, and efficiency. These synergies allowed organizations to leverage artificial intelligence and machine learning, barring giant preliminary infrastructure investments. In this blog, we will discover the real-world dreams of artificial intelligence and machine learning in the cloud and discover several case research that spotlight their transformative potential.

 

The Power of AI and ML in the Cloud

 

Cloud computing certification provides a valuable platform for artificial intelligence and machine learning, providing large resources, large storage capacity, and efficient computing. This combination allows businesses to process and analyze data more effectively. The cloud additionally allows collaboration, permitting scientists and documents to work collectively regardless of geographical location. Additionally, cloud-based artificial intelligence and computing device mastering services, such as those handy through AWS, Google Cloud, and Microsoft Azure, supply off-the-shelf fashions and hardware that speed up the enhancement and deployment process.

 

Real-World Applications

 

1. Healthcare 

- Disease diagnosis and prognosis: It employs artificial intelligence and machine learning techniques to examine scientific images and statistics of affected individuals to accurately detect diseases such as cancer, diabetes, and cardiovascular disease. For example, AutoML Vision on Google Cloud is used to improve proprietary machine-learning approaches that detect problems in clinical photos.

 - Customized medical care: A cloud-based artificial intelligence structure analyzes genetic data and patient records to establish a customized treatment plan. IBM Watson Health uses laptops to study algorithms to provide personalized treatment options based primarily on a patient's specific genetic makeup.

 

2. Finance

- Fraud detection: financial institutions employ artificial intelligence and machine learning from applied science to detect fraud actively in real-time. These techniques assess purchasing and selling patterns and identify abnormalities. Mastercard, for example, employs cloud-based artificial intelligence to detect and prevent fraudulent transactions, saving billions of dollars annually.

-Algorithmic trading: Hedging firms and financial institutions employ cloud-based artificial intelligence to conduct high-frequency trading. These algorithms assess market characteristics and execute trades at the most favorable times. Companies like as Alpaca use cloud computing to gather technical expertise, anticipate inventory costs, and automate purchasing and advertising activities.

 

 

3. Retail

- Customer personalization: Retailers utilize artificial intelligence to study customer behavior and preferences and make individualized recommendations. Amazon's cloud-based solutions are an excellent illustration of modern marketing and sales. 

- Inventory Management: AI-based demand forecasting helps retailers maximize profits, reduce costs, and prevent out-of-stocks. Walmart uses laptops to find fashion, predict product needs and manage inventory in the cloud.

 

4. Manufacturing

- Predictive maintenance: Smart models predict equipment failures before they occur, reducing downtime and repair costs. Siemens uses cloud data to monitor the condition of equipment and predict failures, providing significant benefits.

- Quality Control: Machine learning algorithms examine manufacturing data in real-time to identify problems. GE employs cloud-based information to map and enhance product quality, ensuring that production satisfies quality requirements.

 

Case Studies

 

Case Study 1: Johnson & Johnson - Healthcare Transformation

 

Johnson & Johnson leverages the artificial intelligence and machine learning capabilities of Google Cloud to accelerate drug discovery and development. Organizations that have used cloud computing to study models have discovered promising drug candidates faster by analyzing large data sets. This method not only shortened the time it took to search but also significantly reduced costs. The scalability of the cloud allows Johnson & Johnson to process massive amounts of data to deliver unprecedented analytics and insights.

 

Case Study 2: Capital One - Enhancing Customer Experience in Finance

 

Capital One used AWS cloud-based AI and machine learning capabilities to optimize customer experiences and boost operational efficiency. The economic organization used computer-based fashion research to assess client interactions and make individualized recommendations. This leads to an additional individual approach to customers and increased satisfaction. Capital One also used artificial intelligence to detect fraud by checking transaction files in real-time to identify and block fraudulent activity. A cloud approach allows financial groups to scale AI operations and provide robust security.



 

Case Study 3: Coca-Cola - Optimizing Supply Chain Management



 

Coca-Cola uses the comprehensive talent and computer learning capabilities of Microsoft Azure to optimize supply chain management. Coca-Cola improved its forecasting strategy by studying records from a variety of sources, including production variants and revenue forecasts, to optimize its inventory and distribution channel mix. This drastically cuts running expenses while increasing efficiency. The cloud's flexibility enabled Coca-Cola to dynamically adjust its supply chain methods in response to market needs.

 

Case Study 4: Zara - Revolutionizing Retail with AI

 

Zara, a main trend retailer, used Google Cloud’s AI equipment to beautify its stock administration and purchaser personalization efforts. By examining purchaser buy records and preferences, Zara furnished customized product recommendations, boosting income and patron loyalty. The retailer additionally carried out AI-driven demand forecasting fashions to keep superior stock levels, lowering waste and making sure that famous objects have been continually in stock. The cloud-based method enabled Zara to scale its AI operations globally, keeping consistency throughout its several stores.

 

Conclusion

  • AI and ML in the cloud revolutionize industries with scalable, efficient, and cost-effective solutions.
  • These technologies impact healthcare, finance, retail, and manufacturing.
  • Case studies of Johnson & Johnson, Capital One, coca-cola, and Zara showcase the transformative potential of cloud-based AI and ML
  • The ongoing evolution of AI and ML will lead to more innovative applications, driving efficiency and growth across sectors.
  • Embracing AI and ML in the cloud helps companies stay ahead of the curve, unlock new opportunities, and gain a competitive edge.

That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


© Copyright nasscom. All Rights Reserved.