According to Allied Market Research, the value of the global artificial intelligence market will surpass $169 billion by 2025. By then, the effects of machine learning and AI technology will be felt in virtually all industries. Businesses have invested heavily in research to unlock the possibilities presented by AI and Machine Learning. Not all projects […]
Predictive analytics and deep learning are gaining increased application use cases in Fortune 500 companies and smaller ones as well. Deep learning is a branch of artificial intelligence that uses neural networks to carry out tasks such as fraud detection and speech recognition. Deep learning systems are capable of self-improving as they analyze large data […]
AI and machine learning will be some of the most important technologies of this decade due to the wide context of their use currently. AI has become an essential tool for sales and marketing due to the level of personalization they provide in customer engagement. According to Salesforce, 51% of brands rely on some form […]
The world is still at a relatively early stage regarding artificial intelligence and machine learning compared to other technologies, such as the Internet. The business world is already cognizant of how radically these technologies can impact business functions. The two technologies heavily rely on Big Data, which has exploded as more devices become part of […]
According to McKinsey & Company, at least 2 in every 3 businesses are testing at least one automation solution for launching. Currently, 31% of all businesses have at least one process full automated in their workflow. Business process automation could refer to simple repetitive tasks being taken over by simple technology. It can also involve […]
Big data and big analytics are common buzzwords in multiple fields including sports, governance, banking, investments and more. For more than 7 decades now, companies have known that data can be a source of great insight and competitive advantage. During the early years of using computers, businesses would look at numbers in spreadsheets manually and […]
Deep learning is a type of machine learning and artificial intelligence. It emulates the way humans gain knowledge from observing a task or data repeatedly. Deep learning enables computers to recognize, classify, and make predictions. The evolution of artificial intelligence began with the idea that it was possible to make computers take on tasks that […]
What is Artificial Intelligence (AI)? If you’ve picked up your phone today or gone on social media, you’ve used Artificial Intelligence without realizing it. Facebook uses AI to detect faces, advertising based on personal interest, and boost posts you are most interested in. Apple uses facial recognition to unlock certain iPhones, have the personal assistant […]
Businesses today are taking advantage of emerging enterprise solutions to take care of repetitive tasks while improving cost efficiency. Almost every organization today is using at least one example of business process automation. In fact, the use of artificial intelligence solutions stands at 40% of all organizations. History of Process Automation Humans have always been […]
Managers often struggle to visualize the relationship between data science, analytics, and their business’s bottom line. However, data scientists will argue that there limitless ways to leverage analytics in business. The US spends the equivalent of 18% of its GDP on healthcare. If the US can find a way to increase efficiency and save 1% of […]
