AI applications

AI applications (160)

Are You Pursuing Any of These AI Initiatives?  

Artificial intelligence (AI) and machine learning (ML) have emerged as two of the most revolutionary technologies that will change how we operate. According to estimates by PwC, AI will impact the global economy and potentially contribute to more than $15 trillion by 2030. This impact is only matched by a few technologies in existence today. If you have been looking for the newest artificial intelligence trends, 2022 and beyond will see many initiatives of this technology emerging. Here are some initiatives you should expect in the coming year.

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Are Finance Leaders Beginning to Embrace AI-assisted Decision Making?

According to Deloitte and KPMG, more than two in three executives are “not comfortable” using data from advanced analytic systems, and instead prefer to make decisions based on their own intuition. But this state may be changing. A look at Prophix’s recent survey of over 200 chief financial officers, reveals that 82% are planning substantial technology upgrades to their financial planning and analysis (FP&A) processes this year. These include automated FP&A solutions, such as corporate performance management (CPM) software, which are transforming the way finance offices budget, plan and report. That in turn frees up finance teams to draw insights, faster, and play a larger role in strategic decisions. That’s a great start. But if companies truly intend to be data-driven in their decision making, artificial intelligence (AI) and machine learning must be part of that digital transformation.

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Artificial Intelligence Mistakes to Avoid

Artificial intelligence (AI) is changing industries for the better. It is altering the way businesses operate and has hundreds of use cases. However, developing and implementing an AI project to help build a business poses a great challenge to companies and slows adoption. According to research, it is estimated that 85% of all AI projects will fail or deliver poor outcomes in 2022. On the other hand, 70% of companies reported no or minimal impact from AI, while 87% of the AI projects did not even enter into production. With these worrying statistics, here are some artificial intelligence mistakes to avoid as you seek to venture into this new area.

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AI is Changing Customer Service

Using artificial intelligence (AI) for customer service has multiple advantages. Whether a company operates in the financial, insurance, retail or any other sector, AI can help enhance a company’s customer experience.

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AI is Being Leveraged to Write Articles

Artificial intelligence (AI) is one of the fast-rising technologies in the world today and is already showing its worth in many industries. It is used in various areas, from self-driving cars to language translation software. This technology has proven to be so much more than what was thought of in its early days.

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Don't Ignore the Possibility of Using AI in Your Small Business  

Artificial intelligence (AI) is no longer just a buzzword. It has evolved into a technology that can no longer be ignored. With the rising fame of this technology, it is overwhelming to keep up with the trends in these technologies these days. If you want your business to succeed in the coming decade, you must pay attention to the new buzzwords of machine learning, big data and artificial intelligence. As things stand, the survival of your business will depend on these components in the future.

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AI is Making Art Curation More Accessible  

Artificial Intelligence (AI) is fast becoming a crucial part of our daily lives. From writing to driving, it is becoming evident that AI can help in various areas and in different activities that we carry out daily. Art is one of the industries that are benefitting from AI. From the creation of images to curation, AI is slowly making its way into the art industry.

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AI Adoption is Heating Up  

Internet of Things (IoT), Industry 4.0, IIoT, artificial intelligence (AI) and machine learning (ML) are some of the key technology buzzwords that are currently being discussed in the technology sector. According to Gartner, more than 48% of the global CIOs have adopted AI for their organizations. However, although the adoption will keep increasing, some challenges will remain. Despite the challenges of the adoption, when it comes to digital transformation, COVID-19 has taught organizations and business executives valuable lessons that will last their lifetime. Data analytics and AI are some of the technologies that the pandemic has shown to be effective for running a digitized business environment.

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Here's How AI Can Help Your Business  

Artificial intelligence (AI) is bringing unprecedented changes across the world. It is allowing companies to automate tasks which were done manually decades ago. With this power of automation, many businesses are thinking of a way they can benefit from AI and ways they can achieve greater efficiencies, minimize errors and earn more profits. As you think of how you can benefit from this technology, here is how AI can help your business and how you can leverage its power to get the best.

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The Metaverse Relies on Artificial Intelligence  

Metaverse is a buzzword that has taken the world by storm. With Meta (formerly Facebook) doing its best to familiarize people with this new technology, metaverse has become an area of conversation across the globe. Metaverse is a virtual reality (VR) world that allows users to interact, play games, build things and go shopping, as they would do in the real world. It gives users the ability to interact with avatars and 3D digital objects. Metaverse will rely on VR and AR along with AI and blockchain technologies to create a virtual world. Meta, the key investor in metaverse, is already known for its investment in AI and algorithms within platforms like Instagram and Facebook.

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