1.WHAT IS THE USAGE OF AI IN SERVICE MARKET?
AI as a Service is a third-party AI outsourcing service that enables large and small businesses to explore development opportunities without the need for large upfront investments. Enterprises and end users can experiment with AI in a variety of applications with low initial investment and low risk.
2.WHICH KIND OF PROBLEMS AI SOLVED IN MARKET?
- Forward-thinking companies are using artificial intelligence and other digital technologies to improve the overall work experience. Whether it’s HR requests, IT issues, or spending policy questions, employees need immediate support to stay productive as they transition to remote work. AI as a service provider gives employees the support they need in seconds.
- More and more companies are investing in AI technology and using AI capabilities to gain an edge in global competition. Increased use of social media and the Internet of Things (IoT) are increasing the demand for AI technology. AI technology vendors are beginning to realize that their AI tools and software offerings are inadequate as more companies seek outsourced services. As a result, there is a growing demand for AI services in the market.
3.HOW AI HELPING INDUSTRIES?
Banks are using AI capabilities to detect and prevent fraud, chatbots, and algorithmic trading targets, enabling banking institutions to improve operations and increase the use of AI services in BFSI businesses.
Increasing use of cloud-based solutions and the need for AI and cognitive computing are driving the expansion of the market.