No-code AI: Applications across industries
No-code AI technologies are considered the next big thing in the digital world. It brings sustainability and affordability to the expensive AI tools that, to date, were accessible by big companies. The no-code AI approach eliminates the need for coding knowledge to implement artificial intelligence in businesses. These platforms enable non-engineers to apply AI and ML to classify and analyze data, streamlining the decision-making process.
AI has been changing the technology landscape for over a decade now. AI is everywhere, improving customer relationships using virtual assistants to predict global weather conditions. The no-code AI expands its applicability, bringing AI to small enterprises that were earlier finding it expensive to use.
Businesses across industries have started adopting no-code AI tools. Healthcare, finance, and marketing are some sectors that are reaping the benefits of no-code AI tools. Let’s dive deep into each industry and discover what they gain from no-code AI tools.
Finance is a data-driven industry that churns out tons of data every day. AI has helped streamline many processes like loan decisions and customer experience for banks and financial institutions. The no-code AI platform will further simplify these procedures and can be applied to other purposes like improving the loan portfolio, reducing risk for lenders, and automating the registration process. It can be used to predict financial risks, customer churn prediction, and plan a better customer experience, bringing efficiency to the system.
Different teams at banks and financial institutions can implement no-code AI to create unique platforms per their needs. For example, no-code AI can be used to build a model to screen loan applications and sort them into categories meeting the eligibility criteria. This will enable the underwriting team to focus on the approved applicants instead of scanning through all applications.
With the no-code AI, marketers can amp up their marketing efforts, tailoring them to the customer’s needs. They can build models to craftily sort and analyze data in meaningful ways to make informed decisions. They will be able to segregate the customer base and align targeted marketing campaigns accordingly. For example, marketers can segregate data about customer activities and lifetime value using no-code AI to tailor a Facebook ad to find a potential customer. No-code AI can also be used in marketing to better inform existing and potential clients about solutions they want and need. Check out Ai landscape.
From encouraging new collaboration between doctors and patients to giving unprecedented insight into patient health, AI has made significant advancements in the healthcare industry. No-code AI tools can empower healthcare professionals to build customized solutions like healthcare apps without a single line of code. Virtual visits – a key feature of telehealth will be improved to a great extent with the help of no-code AI, offering more transparent communication between patients and physicians. Health practitioners can also build intuitive platforms enabling patients to update their medical histories remotely before virtual check-ups. Do not forget to check out applications of ai.
A Gartner report shows that technology expansion reached 270% in the past 4 years, but only 40% of organizations have adopted AI. The no-code AI tools aim to democratize the implementation of AI by making it more accessible and affordable for small and medium businesses.
You can leverage the power of AI and Machine Learning to build on top of existing applications, create smart solutions and improve your data science capabilities without having to write a single line of code. Start your learning journey today with the No Code AI and Machine Learning Program by MIT Professional Education – Digital Plus Programs. The 12-week program is designed and taught by renowned MIT faculty and experts in advanced technologies.
Source : https://www.mygreatlearning.com/blog/artificial-intelligence/