These past two years have ushered in major changes to how we navigate work, human interactions, and information. These shifts have coincided with the increased maturity of AI as a field. As AI has become more widespread, accessible, and acceptable, it’s stepped in to fill gaps in the economic, social, institutional, and political realms – […]
How AI Can Transform Hybrid Events
The initial phase of the global pandemic shocked nearly every industry, with in-person events effectively grinding to a halt. Industry conferences that millions of people had relied on for networking, training, and generating business were suddenly gone. Fortunately, companies, organizers, and supporting event platforms were agile, quick-footed, and resourceful in their efforts to shift events […]
Data Science Trends in 2022
The year 2021 was out of the ordinary as global businesses struggled to keep afloat amid the pandemic. This unusual situation accelerated digitization in businesses, which led to a surge in “digital data.” This year witnessed a record number of hires of data scientist and data analyst positions as businesses realized that data-driven market intelligence […]
A Brief History of Artificial Intelligence
In 1950, a man named Alan Turing wrote a paper suggesting how to test a “thinking” machine. He believed if a machine could carry on a conversation by way of a teleprinter, imitating a human with no noticeable differences, the machine could be described as thinking. His paper was followed in 1952 by the Hodgkin-Huxley […]
Mastering the Complexity of Human Language: What Role Does NLP Play?
Artificial intelligence (AI) capabilities have led to groundbreaking advancements in various sectors, including banking, communications, and retail. As AI’s capabilities continue to expand, more companies are taking notice: According to a recent report by IDC, the retail industry is predicted to surpass banks when it comes to investing in AI technology. However, AI systems have yet to […]
The Fundamentals of Natural Language Processing and Natural Language Generation
Natural Language Processing (NLP) is the process of producing meaningful phrases and sentences in the form of natural language. Natural Language Processing precludes Natural Language Understanding (NLU) and Natural Language Generation (NLG). NLU takes the data input and maps it into natural language. NLG conducts information extraction and retrieval, sentiment analysis, and more. In Natural […]
Beyond VoC: How Data-Driven Companies Are Using Text Analytics and NLP
When we talk about applications for natural language processing (NLP), the use cases that generally come up focus on Voice of the Customer (VoC) and Customer Experience Management (CEM). And fair enough: Plenty of the activity around and investment in NLP has been in this space. The NLP-powered customer experience platform Medallia was just purchased by […]
Business Intelligence and Analytics Trends in 2022
The industry giants – Microsoft, Google, IBM, Amazon, and Oracle – are still leading in the global analytics market shares. Microsoft, Amazon, and Oracle are additionally outperforming the market for all other vendors. However, it’s interesting to note that the battle among the top analytics vendors is not over “sophisticated algorithms,” but over Data Quality. […]
3 Ways Companies Can Start Implementing AI
In response to the pandemic, digital transformation has accelerated across all industries. As organizations settle into a “new normal,” they must consider where to focus their continued transformation efforts. Global spending on artificial intelligence reached $50.1 billion in 2020 and is expected to more than double by 2024. More than two-thirds of workers in a recent survey said […]
Machine Learning for Organizations: Where Is It Now?
Machine learning (ML), a branch of artificial intelligence (AI), was sometimes referred to as “cognitive computing” in the past, and certain academic circles still today. Machine learning applications have been used for decades to automate complex human tasks that require analytic thinking, but recently the technology has expanded to encompass more business functions. Advanced ML […]