Deloitte AI Institute

The AI Dossier

Top uses for AI in every major industry — now and in the future

The AI Dossier

After decades as science fiction fantasy, artificial intelligence (AI) has made the leap to practical reality and is quickly becoming a competitive necessity. Yet, amidst the current frenzy of AI advancement and adoption, many leaders and decisionmakers still have significant questions about what AI can actually do for their businesses.

This dossier highlights dozens of the most compelling, business-ready use cases for AI across six major industries. Each use case features a summary of the key business issues and opportunities, how AI can help, and the benefits that are likely to be achieved. The dossier also includes several emerging AI use cases for each industry that are expected to have a major impact in the future.

Of course, the best uses for AI vary from one organization to the next, and there are many compelling use cases for AI beyond the ones highlighted here. However, reading through this collection should give you a much clearer sense of what AI is capable of achieving in a business context—now, and over the next several years—so you can make smart decisions about when, where, and how to deploy AI within your own organization (and how much time, money, and attention you should be investing in it today).

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The AI dossier highlights the most compelling use cases for AI in six major industries. Explore them below:

person buying consumer items from a store

Consumer

How will the industry harness the power of AI, particularly as it relates to data quality and complexity?

Consumer

Encompassing a wide range of businesses including automotive, consumer products, retail, wholesale & distribution, transportation, hospitality & services, the industry has a strong and defining focus on serving customers – and a common set of current and future business issues they are trying to solve.

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Energy, Resources & Industrials

Why does AI adoption and deployment seem to be less extensive and mature in ER&I than in most other industries?

Energy, Resources & Industrials

The main challenges to increased AI adoption and deployment largely revolve around data. To succeed with AI, ER&I companies should have strategies and roadmaps based on a practical understanding of what parts of the business are best suited for AI.

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person analysing numbers

Financial Services

Aside from numerous FinTechs that are fully embracing AI, why are most financial services firms still in the early stages of AI adoption and investment?

Financial Services

To increase adoption rates, the important next step is to stop dabbling with AI and start embracing and industrializing it so that AI solutions can be deployed on a large scale across the entire enterprise. Simply throwing more money at the problem won’t be enough.

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person sitting down within a glass office

Government & Public Services

Why do AI adoption and maturity levels vary widely across government agencies?

Government & Public Services

AI Adoption rates vary depending on the government agencies, their existing infrastructure’s reliance on legacy systems, and workforce fluency. However, a common trend has emerged from the growing use of robotic process automation (RPA) to automate back-office activities.

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healthcare professional smiling

Life Sciences & Health Care

Even though AI is widely recognized as a strategic business imperative, why have many organizations only scratched the surface of AI’s potential?

Life Sciences & Health Care

Most health care and life sciences organizations have been primarily using AI to automate repetitive tasks and standard business processes. By combining AI technology with the fields of medicine and science, many are looking for opportunities to transform some of their most critical processes and achieve sustainable competitive advantage through AI.

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Technology, Media & Telecommunications

How is AI driving value in the technology, media and telecommunications sector?

Technology, Media & Telecommunications

Telecom companies tend to be the furthest along at embracing AI, thanks to the sector’s longstanding focus on operational efficiency and customer acquisition/retention. Many technology companies have been slower to embrace AI, while others were born on AI. In the media sector, most of the focus on AI has been on personalizing content and customer engagement.

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Six ways that AI creates business value

Looking across all AI use cases, there are generally six major ways that AI can create value for a business:

  • Cost reduction. Applying AI and intelligent automation solutions to automate tasks that are relatively low value and often repetitive, reducing costs through improved efficiency and quality. (Example: Automating data entry and patient appointment scheduling using natural language processing).
  • Speed to execution. Reducing the time required to achieve operational and business results by minimizing latency. (Example: Accelerating the process of drug approval by using predictive insights to create a synthetic trial).
  • Reduced complexity. Improving understanding and decision making through analytics that are more proactive, predictive, and able to see patterns in increasingly complex sources. (Example: Reducing factory downtime by predicting machinery maintenance needs).
  • Transformed engagement. Changing the way people interact with technology, enabling businesses to engage with people on human terms rather than forcing humans to engage on machine terms. (Example: Using conversational bots that can understand and respond to customer sentiment to address customer needs more effectively).
  • Fueled innovation. Redefining where to play and how to win by using AI to enable innovative new products, markets, and business models. (Example: Recommending new product concepts and features based on customer needs and preferences mined from social media).
  • Fortified trust. Securing a business from risks such as fraud and cyber – improving quality and consistency while enabling greater transparency to enhance brand trust. (Example: Identifying and anticipating cyber attacks before they occur).

Make smarter decisions about when, where, and how to deploy AI

Organizations have the opportunity to unlock the full potential of AI when they embrace it and deploy it at scale throughout their enterprise.

pack of multi-color crayons

AI is quickly becoming a competitive necessity for nearly all types of businesses – driving unprecedented levels of efficiency and performance and making it possible for businesses of every shape and size to do things that simply weren’t possible before.

The key to success is to start small but think big. According to a recent Deloitte survey – State of AI in the Enterprise, 3rd Edition – 74% of businesses surveyed are still in the AI experimentation stage with a focus on modernizing their data for AI and building AI expertise through an assortment of siloed pilot programs and proofs-of-concept, but without a clear vision for how all the pieces fit together. By contrast, only 26 percent of businesses are focused on deploying high impact AI use cases at scale, which is when the real value kicks in

While AI adoption rates and maturity vary widely across industries, AI is driving new levels of efficiency and performance for businesses of all sizes.

Get in touch

Nitin Mittal Portrait

Nitin Mittal

Principal | Deloitte AI

nmittal@deloitte.com

Irfan Saif Portrait

Irfan Saif

Principal | Chief Strategy Officer

isaif@deloitte.com

Beena Ammanath Portrait

Beena Ammanath

Executive Director of Deloitte AI Institute

bammanath@deloitte.com

Mike Canning Portrait

Mike Canning

US Government & Public Services Industry Leader US Consulting Government & Public Services Industry Leader | Principal

mcanning@deloitte.com

Asif Dhar Portrait

Asif Dhar

US Life Sciences and Health Care Industry Leader | Vice Chair

adhar@deloitte.com

Matt Gentile Portrait

Matt Gentile

US Risk & Financial Advisory Government & Public Services Industry Leader | Principal

magentile@deloitte.com

Jessica Kosmowski Portrait

Jessica Kosmowski

US Consulting Tech, Media & Telecommunications Industry Leader | Principal

jkosmowski@deloitte.com

Reid Miller Portrait

Reid Miller

US Consulting Energy, Resources & Industrials Industry Leader | Principal

remiller@deloitte.com

Monica O'Reilly Portrait

Monica O'Reilly

US Financial Services Industry Leader US Risk & Financial Advisory Financial Services Industry Leader | Vice Chair

monoreilly@deloitte.com

Kathryn Pavlovsky Portrait

Kathryn Pavlovsky

US Risk & Financial Advisory Energy, Resources & Industrials Industry Leader | Principal

kpavlovsky@deloitte.com

Stanley Porter Portrait

Stanley Porter

US Energy, Resources & Industrials Industry Leader | Vice Chair

sporter@deloitte.com

Dan Ressler Portrait

Dan Ressler

US Risk & Financial Advisory Life Sciences & Health Care Industry Leader | Principal

dressler@deloitte.com

Liliana Robu Portrait

Liliana Robu

US Consulting Financial Services Industry Leader | Principal

lrobu@deloitte.com

Paul Silverglate Portrait

Paul Silverglate

US Risk & Financial Advisory Tech, Media & Telecommunications Industry Leader | Principal

psilverglate@deloitte.com

Anthony R. Stephan Portrait

Anthony R. Stephan

US Consulting Consumer Industry Leader | Principal

astephan@deloitte.com

Lynne Sterrett Portrait

Lynne Sterrett

US Consulting Life Sciences & Health Care Industry Leader | Principal

lsterrett@deloitte.com

Anthony Waelter Portrait

Anthony Waelter

US Consumer Industry Leader US Risk & Financial Advisory Consumer Industry Leader | Principal

awaelter@deloitte.com

Kevin Westcott Portrait

Kevin Westcott

US Tech, Media & Telecommunications Industry Leader | Vice Chair

kewestcott@deloitte.com

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