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# How can industries leverage Machine Learning
- URL: https://www.aveshneeiyer.com/machinelearning/
- Published: 2021-06-27T12:17:18.000Z
- Updated: 2022-03-31T08:14:49.000Z
- Description: The ways Industries Leverage Machine Learning
- Author: Aveshnee iyer
- Tags: Industry&ML, use cases, machine learning, financialservicesAI, retailAI, healthcareAI, ethicalAI

In this article I explore use cases in different industries - Healthcare, Retail and Financial Services and opportunities to leverage Artificial Intelligence.

## A) #HEALTHCARE AI

![](https://storage.ghost.io/c/63/8c/638cc33b-5912-48b9-958c-94664f8e958a/content/images/2021/06/1_oDt7HI1NW3HCi3XdbHpNrw.jpeg)

**1\. IoT sensors and portable diagnostics:**

- Wearable devices & sensors are used to assess patient's health. Digital health platforms continually monitor vital signs using sensors (worn on the body) info is sent to a ML analytics center to flag anomalies.

  
**2\. Image analysis:**

- Machine learning systems are being tested to improve medical image reconstruction, noise reduction, quality assurance, segmentation, computer-aided detection, computer-aided classification & radio genomics.

**3\. Robotic surgery:**

- Robots perform procedures for orthopedics, urology, general surgery, gynecology, neurology, thoracic, otolaryngology, bariatric, rectal & colon, oncology, dental implants & hair transplants.

## B) #FINANCIAL SERVICES AI

![](https://storage.ghost.io/c/63/8c/638cc33b-5912-48b9-958c-94664f8e958a/content/images/2021/06/AI-study-web-image-1280-x-750-01.jpg)

  
**1\. Fraud detection:**

- Fraud & anomaly detection - using geolocations, IP addresses, differences in billing & shipping addresses, purchase amounts versus regular activity.
- Leveraging AI algos results in more accurate predictions & improved customer service.

  
**2\. Credit decisions:**

- Affordability scoring considers financial data - income, banking history, tax payments, however inclusivity is lacking.
- Newer AI systems ++alternative data like social media, geolocation data, and other smartphone info & behavioral traits for patterns & insight (consent to data usage is key).

**3\. Robo-advisors:**

- Can provide automated financial guidance, portfolio management & servicing advice using algos & stats to manage investment portfolios.

**4\. Insurance & Robo-advisors:**

- Deliver services from handling insurance claims, obtaining quotes to streamlining back-office administration.

**5\. Property evaluations:**

- Use of computer vision and machine learning to take existing geospatial imagery to create a property information database.
- Use of images of homes to establish the value & speeds up the insurance quote process for insurance companies & bond originators.

6\. **Sentiment analysis:**

- review of enormous volumes of unstructured data (videos and video transcriptions, photos, audio files, social media posts, presentations, webpages, articles, blogs) to determine positive/ negative sentiment.

**7\. Language Translation:**

- For forms, education, e commerce BOTs.

## C) #RETAIL AI

![](https://storage.ghost.io/c/63/8c/638cc33b-5912-48b9-958c-94664f8e958a/content/images/2021/06/5-tendances-retail-2020-2.jpg)

  
**1\. Personalisation:**

- ML systems capture, analyze, and use data to personalize the shopping experience.
- Recommend complementary products or services.

2\. **Clustering:**

- Algorithms are used to discover similarities/ differences in customer data (targeted marketing & segments) - present online shoppers with personalized product recommendations while adjusting pricing, vouchers, incentives in real time.

**3\. Predictive analytics:**

- For demand forecasting, replenishment, guidance on stock levels & new store location.

4\. **Sentiment analysis:**

- review of enormous volumes of unstructured data (videos and video transcriptions, photos, audio files, social media posts, presentations, webpages, articles, blogs) to determine positive/ negative sentiment.

**6\. Language Translation:**

- For forms, education, e commerce BOTs.

**5\. Object Detection**

- Identify product through images for stock replenishment and sales process.
- Also have a look at my **[Use Case Model for Object Detection from Images](https://medium.com/@aveshnee7/object-detection-using-ms-azure-custom-vision-60a214fdf62c?ref=aveshneeiyer.com)** using Microsoft Custom VisionAI

For more Follow me on Medium [https://medium.com/@aveshnee7](https://medium.com/@aveshnee7?ref=aveshneeiyer.com)

  
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