Artificial Intelligence (AI) is revolutionising the business landscape across the globe. With the ability to process vast amounts of data, make predictions, and learn from experience, AI offers a myriad of benefits that can transform industries and enhance competitiveness.
According to a recent report by Zion Market Research study1, the global artificial intelligence (AI) market was valued at nearly USD 59.67 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 39.4 percent to reach USD 422.37 billion by 2028. As businesses strive to stay ahead in a highly competitive market, leveraging the power of AI technology is more than just an advantage; it is a necessity.
The Potential of AI Solution for Business Transformation
AI revolutionises various aspects of operations, decision-making, and customer experiences, no matter what industry it is in. Businesses use AI to automate tasks, optimize processes, make better decisions, and improve customer experiences through its superior speed and efficiency.
In general, these are the key capabilities of an AI that already exist in the market for use by businesses of varying sizes:
- Data Analysis and Insights: Structured and unstructured data are compartmentalised and analysed to provide valuable insights, patterns, and trends that can inform strategic decision-making and better forecasting quality.
- Machine Learning: AI’s capability enables systems to learn from data and improve performance without being explicitly programmed.
- Natural Language Processing (NLP): NLP allows AI to understand and process human language, enabling applications like chatbots, virtual assistants, sentiment analysis, and language translation.
- Computer Vision: Ability to interpret and understand visual data from images and videos. This is useful in applications like facial recognition, object detection, and quality control in manufacturing.
- Process Automation: Streamline repetitive tasks, workflows, and business processes, leading to increased efficiency and reduced operational costs.
- Personalisation: Can analyse customer data and behaviour to offer personalised recommendations, marketing messages, and product offerings, enhancing the overall customer experience.
- Optimisation: Analyse customer data and behaviour to offer personalised recommendations, marketing messages, and product offerings, enhancing the overall customer experience.
- Speech Recognition: AI’s speech recognition capabilities allow for voice-activated interfaces, voice assistants, and transcription services.
- Sentiment Analysis: AI can analyse customer feedback and social media data to gauge sentiment and understand customer satisfaction levels.
- Fraud Detection: Especially useful for finance and finance-related industries, AI can detect anomalies and patterns indicative of fraudulent activities in real time, providing enhanced security for financial transactions and sensitive data.
- Innovation and Creativity: AI can assist in generating creative ideas, optimising product designs, and aid in innovation.
Integrating TM R&D’s AI Technology into Business Processes and Systems
TM R&D is a world-class research and innovation company that provides smart AI tools which fit smoothly into your current business methods. They help businesses reach their best by using modern technology and information. These custom tools help companies work better, make smarter decisions, and grow faster.
TM R&D’s specialty is using their strong digital tools to make smarter systems for the world’s businesses. The main four ideas they build on are:
- Host of intelligent platforms – Driving best-in-class customer experience
- Data brokerage – Creating revenue opportunities
- Connectivity and tools – For smarter digital ecosystems
- IR 4.0 & digital solutions – Safety and productivity as the top priority
Exploring AI Automation’s Impact on Industrial Opportunities and Trends
The power of AI is changing the way businesses work and opening up new possibilities. Thanks to AI, businesses are working faster, saving money, and becoming more competitive. Using AI, industries can work in ways they never thought possible before.
AI can be used in so many ways. It can help factories predict when machines need fixing, help stores give personal shopping suggestions, help doctors diagnose patients better, and help insurance companies understand risks better. There is no end to what AI can do.
TM R&D is leading the way in using AI to help businesses work better. Their top AI tools are:
TROIKA.AI
A Digital Tool aims to make customer service better and help businesses make money faster by reducing the customers’ waiting time. TROIKA speeds up requests and setups by suggesting the best way to install through its “Next Best Action” advice. This tool was made to meet MCMC’s JENDELA standards and TM’s goal to complete the installation process in less than 14 days.
SPICE.AI
Created to deliver best-in-class customer experience platform, Spice.AI uses AI to improve the way telcos handle customer complaints and increase productivity. It does this by expanding the use of digital channels, offering self-troubleshooting, and reporting features, and ensuring efficient customer call handling.
CAMELIA
Centralised Access Management and Line Assessment or CAMELIA is a centralised smart analytic system to diagnose network health conditions, detects, locates and predicts faults of physical network or service issues for the access network. It is an automation system for service assurance with an analytics engine driven by machine learning for network operation. It was developed as one of the digital transformation enablers for network operators to handle end-to-end processes for service assurance in Telekom Malaysia Berhad (TM).
PATROL
PATROL leverages on AI-enabled Internet-of-Things (IoT) edge devices. This solution provides users with real-time alerts of construction activities containing the construction GPS coordinates. The alert also notifies of a potential threat to the fiber infrastructure. This information allows telco providers to act fast in preventing the possible threat to their assets.
Propel Your Company Forward with TM R&D’s AI-Powered System
TM R&D has crafted a variety of smart tools through dedicated research. Thanks to AI’s ability to learn and improve, these tools provide continuous benefits rather than just one-time improvements.
To integrate AI into growth plans, businesses must first evaluate their needs and objectives. Identifying where AI can enhance your operations is the beginning of this transformative path.
Equipped with versatile AI tools and a deep knowledge of the Malaysian market, TM R&D is ready to be your reliable ally in transforming your business with proven methods.
Reach out to see how TM R&D can boost your business. Embrace the AI-driven future now and unleash your business’s true capabilities.
Source(s):
1) Zion Market Research, 23-Jun-2022, Global Artificial Intelligence (AI) Market To Register An Annual Growth Of 39.4% During Forecast Period. Source: https://www.zionmarketresearch.com/news/global-artificial-intelligence-market
