Artificial Intelligence and It’s Importance for Businesses

Artificial Intelligence technology is one of those achievements of the modern era that brings value-added to a business and reduces the struggle in a variety of areas. Even after demanding huge investments, artificial technology has the potential to support large-scale industries and businesses. For countries such as UAE & Dubai, AI can enhance business models and value chain systems, and differentiate between nationwide key businesses. Dubai is on its way to becoming a hub for new and emerging AI technologies and Mechanisms. The true potential of AI is yet to be understood by various businesses across the nation and for the same, Euclidz brings the entire implications of AI technology.

Why Euclidz is the best choice for AI companies in Dubai, UAE?

Nowadays, organizations are spending additionally to determine the necessary technical skills and business use cases for Artificial Intelligence. But the truth behind the current scenarios is that most businesses don’t tend to understand the full potential of AI technology and certainly lag behind the concerned industry by a significant factor. But here at Euclidz, we offer a different way to utilize the advantages of AI for your business benefits. We offer a variety of services ranging from Business Analytics to Data Management to a set of Cloud Solutions that helps your business grow by facilitating complete digital transformation. And all of our services come with the best quality and that too with the greatest prices to guarantee a balance between cost and essence of quality.

Our Goal here at Euclidz is to create affordable Artificial Intelligence and Advanced Analytics products and solutions for every business to grow, optimize and sustain. We adopt a close approach to understand the needs and requirements of your business and provide you with the best solutions to address your business challenges.

We are the best AI Company in the UAE, as we deliver the best options to your business keeping in mind that every aspect of your need will be covered while ensuring the business benefits related to the technology we offer to you. The advantages of our products are immensely directed towards stepping up your business standards while giving you access to the latest advances in the technological world. Our teams of expert AI developers are dedicated to design and develop customized products based on your business requirements that further suit your needs and gives you the best-personalized experience in the industry. Our algorithm development is focused on addressing the specifics of your business while making it fully automated. Conclusively, our aim here, at Euclidz is to build high-end Data Analysis and Automation Applications that are meant to work at high capacity while giving the best results. For this purpose, we are dedicated to design self-sustainable and context-aware AI systems based on the latest technological advances. Our solutions enable you to accomplish the most certain challenges and let you prepare for the future. At Euclidz, the leading AI Company in Dubai, UAE, we enable you to utilize the abilities of AI having great potential and high-precision resulting in the development of adaptable and beneficial digital solutions. While working with us, you get the privilege of minimal manual efforts with even lesser costs.

Our array of AI & Data Analytics Solutions

  Here at Euclidz, we aim to create high-end and innovative AI solutions, while ensuring the availability of our services at competitive prices. We excel in developing AI, Data Management, and Automation solutions for businesses and enterprises that catalyze your digital transformation process. Our lineup of intelligent solutions include:

• Artificial Intelligence 

AI has the potential to impact almost all business industries. Having its applications across various departments of a business from supply chain to manufacturing, marketing, etc. It takes your company to higher levels of growth. Our AI solutions offer scalability along with being cost-effective, letting you have a smart business approach to prepare for the future. Our AI solutions include NLP, Automatic Visualization, AI-driven market Intelligence, etc.

• Business Analytics

Through our business analytics solutions, we help businesses to identify the potential of data and use its power to improve their operations and decision-making processes. Our Business Analytics solutions help you to simplify vast amounts of data and identify hidden aspects and risks related to it. It results in driving the performance of your business while removing any uncertainty and redundancy. Effectively, making your organization become data-driven using our Business Intelligence, Advanced & Predictive Analytics, and Competitive Intelligence.

• Data Management

In the present era, the true potential of data has been kept at a limit. But at Euclidz, we help your company to control the excessive amounts of data across all stages of your business. Our solutions enable your business to have secure, effective, and reliable data management. The main offerings related to Data Management includes Enterprise Information Management, Big Data & Data Warehousing, and Data Governance.

• Cloud Services

The presence of cloud computing plays a crucial role in the digital transformation of businesses. And the deployment of cloud-based services for data-driven businesses is most important. For this, Euclidz helps you in planning, hosting, deploying, and application of your business integration with cloud technology. Our cloud management allows you to effectively use the data to grow your business. Our reliable and secure cloud services include a majority of development tools, deep learning technology, etc. Apart from these, we offer a variety of other digital solutions such as Intelligent Automation featuring RPA, Technology Consulting, Managed Business Services, etc. to help your business effectively undergo digital transformation and grow with it, while becoming future-ready.

What difference AI can bring to businesses in the UAE?

UAE is among those places across the globe that are ideal for starting any business. And the people of UAE are constantly working to improve the business conditions in the nation by providing more facilities and opportunities to investors. But in this situation, there is a factor that plays a very important role in the functioning of businesses in the country and that is the technology used to facilitate different offerings. And apart from all the other technologies, AI is the one that has the potential to benefit the businesses the most. Many changes can be seen in the businesses in the UAE after the deployment of AI in the prime working of companies. The main benefits of using AI are:

• Saving Time and Money

It is a well-known fact that the UAE has its prime economy based on businesses like oil & gas, construction & real estate, and travel & tourism. All of these businesses require a lot of time and great amounts of funding to operate. The reason is the inefficiency of working factors. To this, AI can bring about huge disruption as it has the potential to bring about complete automation making it easier for businesses to deal with customers and clients effectively and in less time. It will also feature the analysis of vast amounts of data that at present, takes too much time and reduce it to a fraction. It will facilitate automated routine processes including complex decision making. Conclusively making the businesses run smooth, processes taking very less time to be completed, and saving costs on redundant labour/resources.

• Gaining Business Insights

When operating a business in a country involving a large amount of international trade and tourism such as the UAE, your business would surely need effective data processing to understand the trends and changes in the industry. But at present, digitalization has made the flow of data across businesses to be flooded. And a vast amount of data cannot be processed manually. Thus, AI helps in utilizing valuable data using Big Data and data mining processes to reveal important knowledge regarding the industry. It allows the processing of billions of data points inside a single industry in a short amount of time. Therefore, facilitating insights into the future. The predictions made by AI are useful in the analysis of different industries such as banking, stock markets, banking, etc. AI-powered solutions enable you to have a competitive advantage while allowing you to deliver customized experiences to your customers. It results in reduced risks, increased operational efficiency, and improved functioning of businesses.

• Reducing Human Errors

It isn’t right to say that AI is completely error-free, but we can surely say that it is significantly better than humans in terms of accuracy. It is completely normal for AI to make errors but when compared to humans the accuracy of AI is about 99%. It is because of the factor that AI isn’t much prone to errors as humans are. It is one of the greatest advantages that AI can make better decisions for a particular set of data made available to it. For a nation like the UAE, most of the industries often require the processes to be completed as soon as possible and when limited to a certain time frame, the risk of making errors is high. To this, AI comes to service as it gives purely unbiased results in any case and those too, almost error-free. In cases where there is intense complexity related to processes, AI can help achieve maximum accuracy such as in the healthcare industry. Hence, AI can make your business make the right decisions and grow fast as compared to the rest of the industry.

• Improving Customer Experiences

For an economy where a major part of the businesses include travel & tourism, businesses must provide a great customer experience. And the only way it is possible to give your customers a delightful experience is by providing more value and service along with your products. For a country like the UAE, customer data is a very vast domain to study and when collecting data from different types of industries, there is often some discrepancy in processing that data. But when it comes to AI, it can provide the business with the luxury to improve customer experiences by studying huge amounts of data to conclude and learn about the customers. It lets the businesses create customized experiences for each customer and have them the best of their services. Another aspect of this is the constant service, as AI-powered applications can serve the customers round the clock. Hence, facilitating real-time customer communication and delivery of personalized experiences. As noted, the benefits of AI are all general, but when compared to the specifics of the businesses in Dubai, UAE, it can result in greater advantages because of the nature of Middle East markets. AI may require huge investments but it will surely come up to the expectations of your business and will result in unprecedented growth.

General Use Cases of AI

Ranging from small-scale businesses to large firms, AI can cater to the needs of every business in the market. Its true promise is to reveal valuable insights based on huge amounts of data, provide automation capabilities to businesses, and help companies undergo digital transformation. Across all the major industries in the UAE and Dubai, AI can help accomplish a variety of tasks. The main benefits of AI that can be seen across most of the industries are Fraud detection, data security, security screening, marketing, online management, data mining, data analytics, recommendation, customer service, etc. Apart from this the general use cases of AI in different but major industries include:

Retail Industry

• Planning the Inventory
• Making different recommendations
• Management of Upsell and cross channel marketing
• Market Segmentation
• Studying Customer Margins and Lifetime Value

Oil & Gas Industry

• Exploration of resources
• Enhancing quality standards
• Ensuring security & safety standards
• Better decision making
• Gaining the latest insights

Tourism & Travel Industry 

• Forecasting costs and prices
• Providing intelligent assistance
• Optimizing disruption management
• Facilitating customer support
• Offering personalized experiences

Manufacturing Industry

• Demanding forecasts
• Optimization of different processes
• Predicting trends
• Predictive maintenance and monitoring

Healthcare 

• Real-time diagnostics and alerts
• Identification of diseases and risks
• Active health management
• Deciding health measures
• Suggesting treatment methods

Energy & Utilities

• Analysis of power usage and consumption
• Monitoring carbon emissions and trades
• Handling customer specifics and prices
• Optimizing demand and supply

Finance Industry 

• Analysis of Risks and Regulations
• Customer Segmentation
• Evaluation of finance services
• Cross-selling, Upselling

Transportation & Hospitality

• Scheduling vehicles
• Handling dynamic prices
• Analysis of feedbacks
• Managing traffic patterns

To the final, these are the main and general use cases of AI technology when used in businesses across different industries. As technology continues to develop and gets modified the use cases will increase and help businesses excel in the future.

Conclusion

In the coming time, the advantages of AI will get enhanced with the transformation of industries into becoming digitally empowered. The core processes and business models will benefit the most from the technology and will continue to grow with the help of AI. For industry leaders, it is crucial to deploy AI-based solutions into their workflow to ensure their place in the future and catalyze their growth rate. Hence, work with the best AI Company and get the opportunity to become the pioneers of the industry.