Here is the next common case use for AI and Gen AI, based on the extensive research I undertook for a recent London, UK AI Master Class that I taught and then updated using the most current literature available. #5 on the top 10 Case Uses is problem solving and here are just some of the most noted ones I found in my research.
For each of these, I define how Ai and Gen AI are being utilized and then just a couple of the benefits of their use in a wide array of industries and sectors (including the global factoring, supply chain finance and receivables finance) today. Case uses 3,5,7 and 8 are the most relevant ones to commercial finance enterprises.
1. Predictive Maintenance: Use AI to analyse equipment sensor data, predict potential failures or maintenance needs before they occur. Reduce downtime, minimise maintenance costs, and optimise asset utilisation.
