In Japan, a group of taxi companies is using location-enriched big data and artificial intelligence (AI) to place cabbies at the intersection of supply and demand, hoping that AI-based predictions will give them a competitive edge.
AI applications require large amounts of data in order to properly train the algorithms. With location-related data being fed into the machine, a higher degree of business intelligence will be resulted.
Startup company Deliveroo uses location and demographic data to seek potential restaurant areas of demand for meal delivery services. The application helps consumers get quicker delivery of food of all types.
Decisions about where to open a dental clinic have always been a blend of intuition and data, but recently with the recent implementation of location intelligence technology, the emphasis is now on smarter data.