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 […]
Conversations around artificial intelligence always highlight the ability of AI to automate complex processes that would otherwise depend on human resources. By unlocking this possibility, AI continues to enable businesses to operate more efficiently. Through the next decade, AI will represent a key priority area for CIOs across the corporate world. Businesses have a chance […]
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 […]
A Virtual Chief Information Officer (virtual CIO) is not supposed to replace your existing IT staff. Instead, they are an experienced specialist meant to provide leadership and insight in your IT department. Companies today can engage the services of firms that specialize in fractional or shared CIO services and are therefore in touch with key […]
