Post-pandemic, the demand for AI is surging, as many organizations ascertain the need for AI to keep pace with the current business landscape in the face of a looming recession. AI can help enterprises improve business processes, increase speed and accuracy, and help make predictions to optimize their performance. In 2023, there will be many ways […]
Explaining Explainable AI
As more industries leverage artificial intelligence to support vertical-specific operations, many without experience in managing a virtual agent may soon do so. Just last year, for example, investment in Insurance technology topped $17 billion. The ongoing transformation of the sector will depend, in part, on the successful implementation and management of artificially intelligent solutions. However, many […]
5 Traps to Avoid in AI Transformation
Running out of budget. Economic calamity. Global pandemic. The risks to our AI initiatives are, literally, all around us. Some of them we cannot control, but some we can. In this piece, we’ll review and assess some of the most common mistakes practitioners make that lead to suboptimal or significantly delayed transformation processes. It’s worth […]
How AI and RPA Work Together to Simplify Business Processes
As more businesses embark on digital transformations and begin exploring ways AI can be utilized, combining AI with robotic process automation (RPA) stands out as a way to unlock a massive return on investment. AI compliments RPA, which helps eliminate repetitive processes from a worker’s day-to-day experience. With RPA or software robots handling the more […]
How Behavioral Analytics Can Help Companies Keep More Customers
Even for the most effective marketing teams, it is impossible to achieve sustainable growth with poor customer retention rates. While companies are always eager to increase their pool of viable prospects and convert them into new opportunities for sustained growth, they need to nurture and deepen relationships with existing customers to survive in competitive markets. […]
AI and Data Privacy: Where Do They Intersect?
According to new research from IBM, 35% of companies now use AI in their business. From health care to manufacturing to government, data-driven organizations across all major industries are realizing the benefits of AI: automation of repetitive tasks, faster processing of data, improved accuracy, and more. But as AI adoption becomes more widespread and advanced, business leaders […]
MLOps: Why Now for Open Source
According to Gartner, a whopping 47% of machine learning experiments fail to reach experimentation. This number is stunning on the surface, but it is even more troubling when you consider the deluge of demands the MLOps workforce is facing in the wake of the COVID-19 pandemic. With the MLOps market size set to balloon to over $6 […]
Data Supremacy: The Precursor to AI Supremacy
The arguments for greater urgency to attain AI supremacy have raged for years among technology experts and national policymakers. Some have cited serious concerns due to U.S. lethargy in tech development. Others posit the race for AI supremacy is actually one between U.S. and Chinese private-sector companies like Amazon and Alibaba. While important for national security and […]
AI and Machine Learning: Friend or Foe to Mankind?
While humans may be the most intellectual creations and sit atop the “food chain,” artificial intelligence (AI) is a branch of computer science that can simulate human intelligence in many cases. AI is implemented via machine learning (ML) and performs tasks traditionally executed by humans. Like it or not, AI and ML technologies are here to stay […]
Maximize the ROI of Your Enterprise Data Lake
With organizations embracing digitization in a big way, the generation of data has grown manifold. According to IDC, the growth of data will be huge across industries, from 16 zettabytes to 160 zettabytes. The data being talked about is useful for businesses to draw insights, formulate strategies, and understand trends and customer behavior, among others. […]