The applications in the Artificial Intelligence (AI) platform market

The applications in the AI platform market include forecasts and prescriptive models, chatbots, speech recognition, text recognition, and others (face detection and sentiment analysis). Forecasts and prescriptive models help various organizations to optimize their strategy and operational efforts by providing analysis of historical data. Moreover, the models are beneficial in the analysis of total sales, customer purchase behavior and patterns, and many more. To meet these requirements, various companies are deploying AI platform tools and solutions to get maximum benefits of the technology.