Artificial Intelligence (AI) is no longer a concept of the future. It's here, transforming industries and sparking innovation. But to fully unlock AI's potential, you need a solid infrastructure. When meeting the challenges of today's dynamic business environment, IBM Power offers a comprehensive solution that meets current and future needs. 

 [CTA: Want to learn more about why Power is the best platform for your AI initiative, check out this blog] 

Let’s dive into how others use IBM Power to fuel their AI strategies. 

Healthcare: Quicker Diagnoses, Better Care  

 A hospital in the Asia-Pacific region was grappling with slow and error-prone manual pathology processes, which hindered its ability to diagnose and treat patients efficiently. This cumbersome system was time-consuming and prone to human error, potentially jeopardizing patient outcomes.  

Enter artificial intelligence running on IBM Power10. This cutting-edge technology was brought in to revolutionize the hospital's pathology workflow. The integration of AI on IBM Power10 systems resulted in a striking improvement in performance metrics. Specifically, the hospital experienced a 25% faster inference speed when compared to the more traditional x86 servers equipped with NVIDIA T4 GPUs.  

 This significant boost in processing speed had profound implications. With the enhanced capability to process patient samples more rapidly, the hospital was able to deliver quicker diagnoses. Ultimately, this improved patient care, as timely and accurate diagnoses are critical for effective treatment. The adoption of AI on IBM Power10 thus marked a transformative step forward for the hospital, paving the way for a more efficient and reliable pathology service. 

Finance: Speeding Up Fraud Detection  

 A prominent financial institution in Europe, the Middle East, and Africa (EMEA) recognized an urgent need to enhance its fraud detection capabilities. The growing sophistication of fraudulent activities posed a significant threat to their operations, prompting the institution to seek advanced technological solutions.  

After thoroughly evaluating available options, they decided to invest in IBM Power10 servers, drawn by the promise of superior performance. This decision proved to be exceptionally fruitful, as the adoption of IBM Power10 led to a remarkable improvement in their AI training speeds, achieving an impressive 3-4 times increase compared to their previous Intel Xeon 6248 Gold processors.  

This substantial boost in AI training speed enabled the financial institution to develop and deploy fraud detection algorithms much faster. The speedier AI development cycle significantly enhanced their ability to identify and mitigate fraudulent activities in real time. Consequently, they were able to protect their customers' assets more effectively, ensuring greater security and trust in their financial services. Implementing IBM Power10 fortified their fraud detection framework and underscored their commitment to leveraging cutting-edge technology for the benefit of their clients. This strategic move reinforced the institution's reputation as a forward-thinking entity safeguarding financial integrity.  

Retail: Accurate Forecasts, Happy Customers  

A large US retailer struggled significantly with slow and inaccurate product forecasts, which created numerous challenges in managing inventory and meeting customer demands. They decided to make a pivotal change by incorporating IBM Power10 into their operations, which proved to be a game-changer for the retailer.  

After implementing IBM Power10, they experienced an astonishing 8.53 times speed improvement in their long-term forecasting capabilities. Where they previously processed only 40 models per second, they could now handle an impressive 207 models per second—this dramatic enhancement in processing power allowed for more accurate and timely forecasts. The improved forecasts enabled the retailer to optimize its inventory management processes. This led to a significant reduction in stockouts, ensuring that popular products were readily available when customers wanted them. Maintaining optimal inventory levels also minimized overstock situations, reducing waste and storage costs.  

Ultimately, these improvements contributed to a more efficient and cost-effective operation. The retailer's customers noticed the difference, too, as they experienced fewer out-of-stock items and enjoyed a more reliable shopping experience. This boost in customer satisfaction was a direct outcome of the enhanced forecasting abilities powered by IBM Power10, illustrating the profound impact of technology on retail performance. 

Beyond Healthcare, Finance, and Retail 

IBM Power and AI aren't limited to just these sectors. They’re making waves in: 

• Manufacturing: Predictive maintenance is vital in the manufacturing sector. Using data analytics and machine learning, companies can foresee equipment failures, reducing downtime and maintenance costs. Quality control benefits from AI and automation, detecting defects early to ensure high standards. Additionally, supply chain optimization streamlines operations by efficiently managing inventory, optimizing logistics, and ensuring timely delivery of materials and products, which cuts costs and boosts customer satisfaction. 

• Energy: In the energy industry, grid management is crucial for a stable and reliable electricity supply. Operators can monitor and control electricity flow using smart grids and real-time data, preventing outages and managing peak loads. Integrating renewable energy sources like wind and solar into the grid is also essential for sustainability. Demand forecasting helps anticipate consumption patterns, aiding in better planning and resource allocation, which balances supply and demand, reduces operational costs, and improves energy efficiency. 

• Telecommunications: Customer churn prediction is essential for retaining subscribers by analyzing user behavior. Network optimization is crucial for enhancing performance, managing bandwidth, and reducing latency. Fraud detection protects companies and customers using advanced analytics to identify and mitigate unusual patterns. 

• Government: Fraud prevention is a top priority in government services. Using data analytics and AI, governments can detect and prevent fraud in areas like tax evasion, welfare fraud, and financial crimes. Enhancing citizen services is another focus, utilizing technology for efficient public services, such as online information portals and automated application processing. Disaster response is also crucial; predictive analytics and real-time data improve readiness and response times, saving lives and reducing damage. 

Ready to Power Your AI Journey?  

At Meridian IT, we are experts in IBM Power solutions, poised to elevate your AI capabilities. Don't miss the opportunity to maximize your AI’s potential. Reach out to us now to explore how IBM Power can revolutionize your AI initiatives and propel your business forward. Contact us today and take the first step towards unparalleled success!