AI use cases and applications
Examples of AI Applications
Four common kinds of AI application, and the business value each brings:
| Application | What it does | Example | Business value |
|---|---|---|---|
| Computer vision | Interprets images and video: classification, object detection, segmentation | Safer self-driving cars | Better customer experience |
| Natural language processing (NLP) | Works with human language: classification, sentiment, translation, generation | Insurers extracting policy numbers and personal data | Sensitive data redaction |
| Intelligent document processing (IDP) | Extracts and classifies information from unstructured documents, summarizes, and gives insights | Processing mortgage applications and spotting missing loan documents | Better operations through automation |
| Fraud detection | Identifies and prevents fraudulent or unauthorized activity | Identity verification, payment fraud, transaction surveillance, anti-money laundering (AML) | Better operations |
IDP is the answer whenever a question asks about extracting data from invoices, contracts, forms, or other documents.