How AI-Driven Platforms Are Changing the Way We Run Businesses

Jacob Lee

6 min read

November 5, 2024

How AI-Driven Platforms Are Changing the Way We Run Businesses

It’s surprising how quickly AI has gone from an abstract technology to something shaping nearly every industry. But less obvious is how it reshapes the operations beneath the surface. 

The main impact of AI isn’t in doing things humans can’t, but in doing the things we already do—faster, with better accuracy, and at a massive scale. Most businesses, whether in finance, retail, or manufacturing, have started leveraging AI to amplify human work. It’s streamlining repetitive tasks so that humans can focus on the parts of the job that actually need human judgment.

This isn’t just theory; businesses have already started deploying AI platforms in specific, impactful ways. Here are a few places where it’s making a difference.

AI-Powered Virtual Assistants in Banking

AI in banking has probably taken root faster than in most sectors, mainly because banks have a ton of repetitive customer inquiries—things like “What’s my account balance?” or “How do I transfer money?” 

Bank of America’s Erica, an AI-powered virtual assistant, is a good example. Erica automates responses to common questions and even provides financial guidance based on customer habits. This might sound simple, but the results have been significant: by taking on the most common customer service questions, Erica allows human representatives to focus on more complex customer needs.

That’s the real purpose of AI-driven assistants: they allow businesses to operate more efficiently without sacrificing the quality of service. Erica shows how an AI platform can scale, working for thousands of customers at once without needing breaks or overtime.

Personalized Shopping Experiences in Retail

Retail is all about personalization, and AI has given this sector a big boost. Companies like H&M and L’Oréal are using AI to create tailored shopping experiences for each customer. H&M’s AI chatbot, for example, can suggest products based on a customer’s past shopping habits and preferences, while L’Oréal’s AI offers personalized beauty advice both online and in-store. These platforms make every interaction feel like a one-on-one consultation, which drives up sales and customer satisfaction.

What’s remarkable is that this shift isn’t happening on a small scale or just in a few flagship stores. AI-driven personalization is something that can be scaled up across an entire retail network. That’s the power AI brings to retail—doing things that used to be high-touch and time-intensive, like personalized recommendations, but doing them at a massive scale.

Supply Chain Management: Predictive and Adaptive AI

The supply chain is one area where AI’s speed and precision make a huge difference. Think about Coca-Cola, which uses AI to track inventory, forecast demand, and optimize logistics. These are critical tools for managing a complex web of suppliers and distribution points. 

Walmart is also using AI to analyze historical data alongside factors like weather patterns and local events. The result is that they can predict demand more accurately, which reduces waste and ensures products are available when customers want them.

Supply chain AI shows that AI platforms can have a tangible impact on both sides of the business equation—cutting down operational costs while keeping customers happier with fewer stockouts and smoother service.

Smart Production in Manufacturing

In manufacturing, precision and timing are everything, and AI brings both. Procter & Gamble (P&G) has integrated AI into its manufacturing processes, deploying machine learning to monitor equipment health and evaluate product quality in real-time. These tools are transforming production lines. AI systems can alert teams to potential maintenance needs before they become actual issues, which minimizes downtime.

The key with AI in manufacturing is predictive maintenance. AI tools analyze machinery data for subtle patterns indicating a future problem. Instead of waiting for something to break down, manufacturers can proactively maintain their equipment. P&G’s AI-enabled production line might seem a bit futuristic, but the point is to prevent costly problems rather than react to them after the fact.

Accelerated Drug Development in Healthcare

In healthcare, the stakes are high, and speed can save lives. Moderna has used AI to accelerate its drug development processes. By automating the early stages of drug design, Moderna can analyze vast amounts of data quickly, identifying promising compounds faster than human scientists ever could. AI’s role here isn’t to replace scientists but to take over the parts of the work that are repetitive and data-intensive, freeing up researchers to focus on the high-level decisions that require their expertise.

When COVID-19 hit, Moderna was able to use its AI platform to develop a vaccine in record time. This speed wouldn’t have been possible with traditional research alone. AI is particularly powerful in healthcare because it makes them exponentially faster, compressing timelines that used to take years into months or even weeks.

Energy Management in Hospitality

Even industries that aren’t immediately considered ” tech-driven ” find value in AI. Choice Hotels International, which operates over 6,000 hotels, uses an AI platform to monitor and manage energy consumption across its properties. This is more than just a cost-saving measure; it’s a way to reduce the company’s carbon footprint and meet sustainability goals. With AI, Choice Hotels can adjust energy use dynamically, responding to real-time data about occupancy levels and weather conditions.

This use of AI shows how the technology can be applied to meet regulatory demands and corporate responsibility targets. For many businesses, AI isn’t just about improving the bottom line—it’s about meeting the expectations of customers and regulators in an increasingly sustainability-focused world.

Financial Services And Automating Audits

Audit firms like KPMG are using AI to streamline the audit process. AI-driven platforms can sift through financial data faster than human analysts, spotting discrepancies and anomalies that would take days for a person to find. This isn’t just about efficiency; it’s about accuracy. AI algorithms can scan millions of transactions in minutes, spotting potential red flags long before a traditional audit would. By freeing up auditors from data-slogging tasks, AI allows them to focus on the nuanced work of analyzing patterns and understanding financial trends.

Auditing is just one example of AI’s potential in financial services. Anywhere that data and accuracy are critical, AI has a role to play, particularly in automating the parts of the job that are necessary but don’t necessarily add strategic value.

AI’s Broader Impact

These examples are just a glimpse into how AI platforms are transforming traditional business models. AI is a general-purpose technology that scales from hotels to healthcare. What’s changing isn’t just how we work, but how we think about what work is.

In every industry, AI platforms take on the repetitive and predictable parts of the job. That frees up human workers to focus on what they do best: the creative, strategic, and judgment-based work that AI still can’t replicate. For businesses, this means scaling faster and serving customers better. For employees, it means having more time to do work that actually requires human skills.

Agencies like Linkt.ai specialize in addressing specific business challenges by developing tailored AI solutions that emphasize ethical practices and effectiveness. Their custom approaches help companies automate repetitive tasks efficiently, enhancing productivity while aligning with responsible AI standards.