Artificial intelligence outsourcing company Boosty Labs

Artificial intelligence company

Artificial Intelligence (AI) is a system or machine that is capable of imitating human behavior to perform specific tasks and can gradually learn using the information received. Boosty Labs is the largest blockchain development outsourcing company in Europe. Its world-class fintech and cloud engineering team with a solid background of practice that combines consulting, strategy, design and engineering at scale, can help with artificial intelligence development.
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Benefits of using artificial intelligence

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Reducing human error

In the case of artificial intelligence, decisions are made based on previously collected information using a specific set of algorithms. This reduces the number of errors and makes it possible to achieve a greater degree of accuracy.

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Performing risky transactions instead of people

This is one of the biggest benefits of artificial intelligence. An AI robot can do risky things: go to Mars, defuse a bomb, explore the depths of the oceans, extract coal and oil, it can be effectively used in any natural or man-made disaster.

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24/7 availability

The average person is able to work 4-6 hours a day, but with the help of AI, it is possible to perform activities  around the clock, without interruption.

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Accelerated decision making

AI allows you to make decisions faster than in the case of a human. When making a decision, a person analyzes many factors not only objectively, but also emotionally, while the machine is free from emotions and produces results faster.

Areas of application of artificial intelligence

Analyzing unstructured data

With the proliferation of mobile devices, we create a ton of digital unstructured content every day: messages, emails, photos and videos. AI algorithms help companies understand this amount of data and structure it so that it can be analyzed later. Analyzing unstructured data has enormous potential for manufacturing and resource companies that have accumulated mixed information over the years. Such analysis can make the work of R&D engineers themselves easier – saving time for sorting and organizing data before evaluating it.

Predictive analytics

AI technologies are capable of processing large amounts of data, identifying patterns and making predictions. Artificial intelligence performs well in forecasting due to its self-learning ability. Unlike traditional types of forecasting, predictive analytics can easily adapt to changes in behavior – when new data comes in, it gets better.

Virtual assistants

The most obvious use for artificial intelligence is in virtual assistants. Chatbots are also an artificial intelligence product designed to help customers of companies. Virtual assistants are one of those AI tools that will only penetrate deeper into the business processes and everyday life of modern people.

Robotics

The creation of intelligent robots is one of the important directions in the development of AI. Intelligence is required for robots so that they can manipulate objects and, if necessary, determine their location, plan movement. Artificial intelligence is a chance to delegate tedious and time-consuming tasks to robots. Surgical and agricultural robots have already established themselves, but robotization in other areas is only gaining momentum.

Having established itself as a technology aimed at the speed and quality of the decision-making process, artificial intelligence (AI) has ceased to be a trend and has become a commercial necessity. It is difficult to find business sectors in which the use of AI would be impossible.

  • The use of AI in banking and finance strengthens existing fraud detection systems and improves customer support.
  • In the healthcare sector, innovative equipment is becoming a reality. AI-powered tools ensure disease is detected early and accurately diagnosed at an early stage.
  • Transport processes are developing rapidly. Intelligent and automated warehousing, improved supply chain reliability and streamlined shipping and inventory are some of the major positive changes that AI is driving business processes.
  • Targeted recommendations, digital product catalogs, advanced analytics to predict customer needs are emerging in retail thanks to artificial intelligence.

AI will continue to expand into various business areas and will become a key technology in gaining a competitive edge in the marketplace.

When implementing any AI solution, the Boosty Labs team adheres to the following principles:

  • Safety. The right machine learning tools and voice/face recognition systems will prevent any security issues.
  • Performance. It's about creating a product that will speed up workflows as much as possible.
  • Automation. Business development is possible through the automation of sales, marketing, financial and personnel management, production, development. AI is great for these tasks.

Boosty Labs experts constantly monitor changes in AI-powered technology and study all the updates to understand how they can improve your business.