03/10/2019 0 Comment

How artificial intelligence integration is good for on-demand services industry

Artificial Intelligence can transform almost every industry. The biggest uncertainty maybe the humans behind it

When two of the decades biggest trends join hands, they are bond to create something amazing. While the on-demand service industry is here to change the way a common person avails services, Artificial Intelligence and Machine Learning are here to brace the industry with major improvements for good.

The massive rise in smartphone use and exponential demand for on-demand solutions has completely changed the dynamic of the market. There are millions of service providers present in the market that are trying their luck in the on-demand sector. One might even feel that the market is completely exhausted, but that is not so. We have technologies like AI and ML that are empowering businesses to gain data to thrive upon.

Artificial Intelligence Companies are using AI technology to help businesses learn about their user behavior to provide a much better experience. The kings of service-based industries such as Uber are relying on piles of data that is produced each day about their user or their potential user to enhance their business reach.

This revelation is inspiring and if you too are looking out to bring your service-based business onto the on-demand platform this blog is a must-read for you to understand how AI in on-demand Service is going to give you an upper hand in business.

Must Read: Emergence and Acceptance of Progressive Web Applications

Impact of Artificial Intelligence and Machine Learning in On-demand Services

Increasing the performance and providing personalized services

If you want to succeed in the on-demand service sector, you need to focus on the user experience the most. No one wants to spend their time researching what products you are offering or what food you serve or what kind of services you have. You can use AI to provide a personalized experience to your user.

Personalized experience allows you to find more precise products and services for your users and enhance your app performance and customer experience. AI can extract bits of useful information just by looking into purchase history, interests, location-based data, and other attributes. With advanced consumer analytics, you will be more accurate in providing suggestions to your users.

Lightning-fast delivery and Improved Geographical Data

Artificial Intelligence integrations in on-demand food delivery applications have worked wonders. Uber Eats, for example, is using it to provides much faster deliveries of their food orders and thus increasing their customer base. A happy customer brings more profits and also provides you more foothold in the crowded marketplace. “Speedy delivery”, “lightning-fast delivery” are some points that attract users.

How is AI doing it? AI integration can be used with Machine Learning Tools to further provide you the luxury of having a much more clear view of their delivery routes, traffic blocks, thus saving a lot of time on delivery.

Identifying the Untapped Market

We all understand the importance of high-value customers to any business. But ditching the old traditional methods, today AI can use customer data to hand-pick and provide you complete information on the high-value customers to increase your business profit.

It brings holistic information on users by collaborating with technologies such as Machine Learning and NLP to learn about ideal buyers and regular consumers providing you useful insights into untapped market opportunities. Thus, the market may be exhausted for others, but a whole new playground for you.

Final Thoughts

The Artificial Intelligence future lies in these qualities. Not just the on-demand food industry, but also some other leading sectors are leveraging the power of identifying high-value customers to grow their life-time business value.

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