AI & IOT
7 Reasons to Start Using Customer Intelligence in Your Healthcare Organization
Healthcare organizations face an array of challenges regarding customer communication and retention. Customer intelligence can be a game-changer for small and large organizations due to its ability to understand customer needs and preferences. When it comes to data,...
The Future of Analytics in Higher Education with Artificial Intelligence
The future is sooner than you would have expected – it is now. Contrary to concerns about Artificial Intelligence (AI) in everyday activities, ethical AI can enhance a balanced, accessible, scalable, and inclusive learning system. With the increasingly limited...
Natural Language Processing – Part 1: Building a Pre-Processing Pipeline
We can say that there is a plethora of text data generated every day. People are using many social media apps, messaging apps, and blogs on a day-to-day basis. All these applications are generating a large amount of unstructured text data. According to the 6th edition...
Robotic Process Automation – An Approach to Consider in 2020
"Our intelligence is what makes us human, and AI is an extension of that quality." – Yann LeCun, Professor, New York University The above quote makes us think that robots, chatbots, artificial intelligence, machine learning are extensions of ourselves. Various...
Data Science vs. Data Analytics: What’s the Difference?
Improvements in data collection and storage have allowed companies to prevent fraud, streamline operations, and gain new insights into consumers. However, implementing new measurement systems requires a team of professionals who can create software, run programs, and...
Why does Healthcare Need to Leverage AI to Save Lives?
The healthcare industry is one of the most popular industries for the implementation of artificial intelligence. The market revenue in 2014 was $633.8 million and it’s estimated to reach $6,662.2 million by 2021. However, market growth aside, there are more important...
Using Big Data for Financial Fraud Prevention
Although technology has made banking more convenient for customers, it has also opened up new avenues for fraud. Financial fraud statistics show that account fraud, credit card fraud, insurance fraud, scams, and other fraudulent acts cause millions of dollars in...
The Role of Big Data in Preventing Healthcare Fraud and Waste
Due to the complexity of medical procedures and the variety of goods and services available today, medical billing is prone to errors and waste. Mistakes in electronic medical records are common, and many patients don’t examine their monthly insurance Explanation of...
13 Digital Transformation Opportunities for Financial Services
Financial institutions may be a part of everyday life in the United States but recruiting and retaining customers isn’t easy. Satisfactory customer experience and customer trust are crucial to banking, investing, and loan services, especially when there are so many...
Applying AI to Process Manufacturing
What do Rolls Royce, Siemens, and General Motors have in common? All of them use Artificial Intelligence to increase production efficiency and reduce costs. According to recent studies, the AI market will reach a fascinating $190.61 billion by 2025, which only proves...
The Power of Big Data and AI in the Fight Against COVID-19
The emergence of a novel coronavirus in December 2019 has had the medical community on edge. Public health officials around the world have faced an uphill battle in treating current cases and preventing the further spread of the virus. The 2002 SARS outbreak, and...
5 Ways AI Transforms Healthcare
An outbreak of a respiratory illness caused by a new coronavirus, first identified in Wuhan, China, has captivated the public since January 6. On this date, the CDC announced the coronavirus outbreak. An AI-powered disease monitoring platform detected the outbreak a...
5G, IoT, and Data Privacy in 2020
As we begin 2020, the 5G rollout is well underway. Carriers are deploying 5G, or the fifth generation of mobile infrastructure, with significantly higher speeds and capabilities to enable the spread of IoT, which promises connectivity for billions of devices for...
Applications of Artificial Intelligence – the mainstream market is moving beyond experimentation
“The number of enterprises implementing artificial intelligence (AI) grew 270 percent in the past four years and tripled in the past year, according to the Gartner, Inc. 2019 CIO Survey.” This increase equates to 37% of enterprises in the survey. This statistic...
Benefits of Master Data Management
Master Data Management (MDM) allows businesses to manage and secure their critical data. It helps a company link all of its critical data into a single data set and produces a common point of reference for data for the whole company. Organizational data in large...
How the Internet of Things (IoT) Works
Ever thought about living in a house where your appliances and devices do all your work? You wake up in the morning, and you see your blinds opening for you. Your coffee machine starts brewing your favorite coffee. Lights turn on and off as you enter or leave the...
How Companies Are Getting the Most Out of Predictive Analytics
Predictive data analytics is just like it sounds – advanced analytics techniques that are capable of making predictions about future unknown events. Mainly, these analytics techniques rely on statistical algorithms and machine learning to provide the best assessment...
Data Analytics and Artificial Intelligence in the Financial Industry
Within the financial industry, detecting fraud is a major priority, or certainly ought to be. Not only does fraud present the risk of a monetary loss, but there is also a tremendous brand and reputational risk. However, it can be a challenge for companies to...
How Industrial IoT is Impacting the Manufacturing Industry
The Industrial Internet of Things is the use of IoT technologies in manufacturing. IoT can be defined as “a group of infrastructures and interconnecting connected objects that allow their management, data mining and the access to data they generate” where connected...
Automated Machine Learning: Unleashing the True Power of Modern Computing
For much of the past decade, Machine Learning, Predictive Modeling and Artificial Intelligence have only been accessible to most advanced organizations, like Facebook, Microsoft and Google. These organizations have completely disrupted the technology industry with...
