Shift180

One of the essential steps in transforming product innovation or new business ideas into successful execution is market research. Market research offers valuable insights into customer needs and guides the development and marketing strategies for products. While the effort put into building the product is crucial, neglecting this step can render all the hard work ineffective. Here's a brief video that explores the various facets of market research

Zomato, a prominent food delivery and restaurant discovery platform, leverages artificial intelligence (AI) to enhance its business operations, improve user experiences, and drive growth. Here’s an overview of how Zomato uses AI across various aspects of its operations.

Case Study on how Amazon successfully integrated AI into its business operations .

It's worth spending time learning from those who have achieved great success. Amazon is a prime example of an e-commerce giant that has harnessed AI to enhance its business operations. In this video, we will explore how Amazon has successfully integrated AI into various aspects, including product recommendations, customer purchases, personalized discounts, and inventory management—all packed into a concise 4-minute video Enjoy! and do subscribe to out Youtube channel for more such case studies. https://lnkd.in/dEsTdEyb

Artificial Intelligence (AI) is revolutionizing the healthcare sector, offering unprecedented opportunities for improving patient care, streamlining operations, and enhancing medical research. Lets dive into some of the use cases of AI within the Healthcare sector. Link to video - https://lnkd.in/darWf-gM ---------------------------------------------------------------------------------- The adoption of AI in healthcare is rapidly transforming the industry, offering significant benefits and efficiencies: 1)Predictive Analytics: AI predicts disease outbreaks, patient admissions, and complications with high accuracy. A study in The Lancet Digital Health demonstrated a 75% accuracy rate in predicting hospital readmissions. 2)Administrative Efficiency: AI automates tasks like appointment scheduling and billing. McKinsey & Company estimates that AI could save the U.S. healthcare system up to $150 billion annually by 2026. 3)Drug Discovery: AI accelerates the identification of drug candidates. Insilico Medicine used AI to find a new drug candidate for fibrosis that entered clinical trials in 18 months, significantly reducing time and costs. 4)Virtual Health Assistants: AI-powered assistants provide 24/7 support, answer medical questions, and manage chronic conditions. According to Accenture, these assistants could save the U.S. healthcare system $20 billion annually. 5)Remote Monitoring and Telemedicine: AI enhances remote patient monitoring and telemedicine, providing real-time data for timely interventions. The global telehealth market is projected to grow sevenfold by 2025, driven by AI adoption. 6)Mental Health: AI-powered chatbots like Woebot have shown significant reductions in symptoms of depression and anxiety within two weeks, according to the Journal of Medical Internet Research. Overall, AI is reshaping healthcare by improving patient care, streamlining operations, and accelerating medical research. If you find this video informative do like and share this video. Thankyou.

Predictive AI: Differences: Predictive AI focuses on analyzing historical data to forecast future outcomes. It utilizes machine learning algorithms to identify patterns and trends, enabling accurate predictions. Benefits: 1) Improved decision-making through data-driven insights. 2) Enhanced efficiency by anticipating customer needs and market trends. 3) Risk reduction by predicting potential issues and allowing preemptive measures. 4) Optimization of supply chain management, inventory control, and resource allocation. Generative AI: Differences: Generative AI, on the other hand, creates new content or data based on the input it receives. It uses models like GPT (Generative Pre-trained Transformer) to generate text, images, music, and more. Benefits: 1) Innovation in content creation, such as marketing materials, product designs, and customer interactions. 2) Personalized customer experiences through tailored recommendations and responses. 3) Cost savings in creative processes by automating content generation. Enhanced problem-solving capabilities by generating multiple solutions or ideas for complex challenges. In summary, Predictive AI excels in forecasting and decision-making, while Generative AI shines in creative and personalized content generation, both driving business success in their unique ways.

Generative AI refers to a class of artificial intelligence systems designed to generate new content. This can include text, images, music, and even video. Generative AI models are trained on large datasets and can produce outputs that are often indistinguishable from those created by humans.

The retail industry is at the forefront of AI adoption, motivated by the imperative to enhance customer experience, streamline operations, and maintain competitiveness. With the exponential growth of e-commerce, retail (relative to other industries) possesses relatively abundant and organised data, making it an ideal sector to observe the significant impact of AI on both operations and customer interactions. Here in this video lets explore some of the use cases of AI & Analytics in Retail shopping experience. ------------------------------------------------------------------------------ key trends and statistics that highlight this adoption 1. 83% of Indian consumers are more likely to shop with brands that offer personalized experiences. AI-powered recommendation engines are used by retailers like Flipkart and Amazon India to analyze customer behavior and personalize shopping experiences, boosting sales by up to 30% 2.AI-driven inventory management systems can reduce stock-outs by up to 30% and overstock situations by 20%. 3. Over 60% of Indian retailers have implemented AI chatbots to handle customer inquiries, with some reporting a 70% reduction in customer service response times. Companies like Haptik provide AI chatbot solutions used by brands like Tata and Jio 4.AI has helped reduce payment fraud by 40% for retailers adopting these technologies. Platforms like Paytm and PhonePe use AI to detect and prevent fraudulent transactions, enhancing security for millions of users 5.Retailers using AI for dynamic pricing have seen an increase in profit margins by 10-20%. AI models analyze market trends and customer demand in real-time, allowing companies like Myntra and AJIO to adjust prices dynamically. 6.AI in supply chain management can reduce logistics costs by up to 15%. Companies like Flipkart use AI to optimize their supply chain operations, resulting in faster delivery times and lower costs. 7. Visual search technologies increase conversion rates by 20-30%. Retailers like Myntra have introduced AI-powered visual search and virtual try-on features, enhancing the online shopping experience. 8.AI analytics tools help retailers understand customer preferences, leading to a 25% increase in marketing ROI. Companies like Wooqer provide AI-driven analytics solutions to retailers for better decision-making. -------------------------------------------------------------------------------- Challenges: 1) Only 40% of Indian retailers have fully integrated AI into their operations, with barriers including high costs and lack of skilled personnel. 2) Data privacy concerns are significant, with 72% of consumers worried about how their data is used by AI systems.

Innovation, Digital transformation, AI, Analytics, Blockchain, IOT, ChatGpt These are some of the buzz words in mind of most business leaders. Today, every business strives to grow optimally by leveraging technologies. However, at the core of any innovation is reimagining of processes and re-engineering them to drive business operations. In this brief video, let's delve into various steps as to how Business Process Re-engineering (BPR) can help identify core areas to leverage technology and drive higher gains.

While AI, analytics, and modern technologies are enticing, the crucial first step is realigning business processes to eliminate redundancy and enhance efficiency. Building advanced platforms without reengineering these processes can lead to wasted time and capital, yielding suboptimal results. At Shift180, we help you reimagine your business processes to effectively incorporate technology and AI. Get started and contact us at advisory@shift180.in to book consulting session.