5 business use cases for AI

Generative AI— once a subject of sci-fi imagination, is now delivering real-world business value across several industries. From advancing drug discovery in the life sciences to optimizing operations in the oil and gas sectors, the technology is revolutionizing traditional practices.

Here are a few new use cases we found recently in an article from Forbes:

• Life Sciences: As demonstrated in NVIDIA's BioNeMo and MegaMolBART, generative AI speeds up drug development by assisting researchers in targeting, constructing molecules, and predicting their interactions.

• Oil and gas: Using enormous historical information, AI algorithms forecast the best drilling trajectories for new wells and give fast insights into reservoirs.

• Healthcare: Generative AI drives drug development, improves medical imaging quality, and aids radiologists in diagnosis, with pattern recognition paired with domain expertise changing pharmaceutical R&D and imaging diagnostics.

• Customer Service: AI-powered chatbots can manage a high volume of regular customer questions, complaints, and support issues without the need for human interaction 24/7. This has the potential to improve responsiveness, lower operational expenses, shorter response times, and customer experience.

• Predictive Analysis: AI systems can evaluate massive volumes of previous data to forecast future occurrences or actions. Businesses, for example, may estimate sales, detect potential churn before it occurs, and analyze purchase trends to manage inventories.