The global Business Process Automation market size is estimated to be worth around $20 billion by 2026. This will be a 12% CAGR from its 2020 size, an indication that businesses are quickly implementing automation solutions in their workflows. Over 40% of businesses today have applied at least one form of Business Process Automation. According […]
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 […]
Translating complex information into visual form presents great advantages in the world today. Organizations are now able to collect more information than a single person can consume or process. Translating gigabytes of data into charts, graphs, and color-coded maps makes it easier and faster to understand complex concepts or trends. Data visualization is now considered […]
Automation of tasks is the delegation of repetitive tasks to a machine to free up time and energy for other more meaningful work. Automation can be as simple as scheduling reminder emails to clients at the end of every month instead of doing it manually every month. You can also pay your bills and make […]
Predictive analytics leverages the availability of big data and big data tools to make informed assessments of what is likely to happen in the future. Historical patterns and trends are used to build predictive models. Analysts today can build complex models today with numerous inputs to help improve the accuracy and reliability of predictive analytics. […]
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 […]
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 […]
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 […]
Just how powerful is data analytics? Do we overestimate the ability of data analytics to provide a competitive advantage to businesses? Businesses built on data have been around for a while. Companies such as automakers and consumer goods manufacturers collect vast amounts of data on sales trends. Most of that data however is rarely about […]
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 […]
