The insurance industry has been resistant to change for centuries, but that’s about to change. Like all other sectors, the insurance industry is undergoing a digital transformation, with most, if not all, insurance companies making...
The automotive industry is always quick to harness new technologies to introduce efficient, inventive, and safe cars into the market. A look at the annals of history shows how far the car industry has come; from steam-powered cars to...
Innovation is a modern buzz word, especially in the IT and marketing industry. Almost every market leader wants to be “innovative” and “perspective”. However, things get complicated when it comes to the implementation stage. All of a...
The construction industry is among the least digitized industries across the globe. [1] Historically, the industry is primarily manual, which makes project management more complex and needlessly tedious. Project delays, cost...
The insurance industry is laden with time-consuming paperwork and bureaucracy. That explains why the sector has been slow to embrace technological change. But the COVID-19 pandemic marked a turning point for most insurance companies. The...
Not so long ago, data warehousing was the buzzword among major organizations looking for an efficient means of data storage. A few years down the line and big data came into the picture, with some big industry players speculating that it...
In 2020, the total amount of data generated by every person around the world was 1.7 megabytes per second [1], totaling 44 zettabytes. By 2025, the amount of stream data generated globally is estimated to reach an outstanding 463...
83% of organizations believe that artificial intelligence holds power to propel their business operations to the next level [1]. As a matter of fact, there is hardly any industry out there oblivious to the revenue-generating potential AI...
The global big data analytics outsourcing market value is projected to reach $60.3 billion by 2028, up from $5900 million in 2020[1]. This represents a CAGR of 34% in just eight years. In a world where data-driven decision-making is...
Businesses generate up to 200 petabytes of data per day[1]. This data is instrumental in driving innovation and making informed data-driven decisions. But, with most businesses using multiple applications with data locked in different...
In just seven decades, we’ve evolved from solely relying on our intellect to make business decisions to a more effective and efficient means – intelligent decisioning. Businesses require data for operational decision-making;...
The Economist published a statement that reads, “The world’s most valuable resource is now data.” [1] Historically been treated as just a piece of a technology project and not a corporate asset. Many business executives...
In recent years, the global supply chains have become more complex and pretty challenging to manage. The Covid 19 pandemic has particularly increased market volatility, elevating the need for flexibility and agility. But thanks to...
Many organizations understand the important role of big data in business success and, thus, rely on it for generating business reports and making strategic business decisions. For their projects to be successful, they need to correctly...
A well-executed data preparation process is the key to building a robust, accurate, and effective machine learning[1] model. However, this is quite difficult and complex to achieve due to some problems related to data for machine...
Nowadays machine learning and AI simplify and improve numerous processes and things. Equipment maintenance is one of them. Today you could use predictive maintenance together with machine learning algorithms to prevent big losses and...
Over the past decade, computer vision driven by machine learning has burst onto the technology scene. With several mediums of perception, computers get superhuman visual power and can identify patterns from images that humans can’t....
Today, many companies are immersed in the development of machine learning and artificial intelligence (AI). And it’s no secret that the development of machine learning operations have become widespread in recent years. Companies are...
Computer vision is a branch of artificial intelligence that gives machine models the ability to see and deduce meaningful information from visual inputs. It has helped unlock futuristic technology no one thought was possible. Typical...
83% of businesses around the world see data as an integral part of their business strategy [1]. Despite this fact, many businesses struggle to manage it, with the average company losing up to 12% of its revenue due to low-quality data...
The phrase “big data” can be traced back to Silicon Valley lunch-table conversations and pitch meetings in the 1990s[1]. It’s a relative term depending on who is discussing it, but one point remains constant: The 21st century has...
Computer vision solutions teach machines to see, understand, and interpret visual data. It has to be powered by a set of effective algorithms to do so. An algorithm is a set of well-defined instructions through which the machine learns...
Computer vision solution is a rapidly burgeoning field that’s generating a lot of excitement in today’s world. Based on findings from Grand View Research, the computer vision market size across the globe in 2020 was valued at...
Since the early 2000s, the volume of data generated and the rate at which it is generated have increased tremendously. In 2018, more than 25 quintillion bytes of data were generated every day[1]. This trend is primarily driven by the...
Every year the world becomes more and more convinced of the tangible value of artificial intelligence and the role of machine learning consulting. From the initial distrust and ridicule of computers, people have seen how AI has succeeded...
Artificial intelligence (AI) is the icing on the cake of every data-driven business. According to the 451 Research Report[1], 68% of the interviewed companies said that they are already using artificial intelligence or intend to within...
Artificial intelligence is taking the world by storm. It’s already powering self-driving vehicles, pinpointing ideal retail store locations, and detecting cancer cells at an early stage. The real estate industry has not been left...
Artificial Intelligence is among the most popular topics nowadays, but not everyone understands the scale of its value for the business. Thus, the existing AI technology can increase the productivity of the business by 40%. With the help...
According to a Dresner Advisory Services study, 54% of businesses today claim that cloud business intelligence is critical to their current and future strategies[1]. This is because the complexity and diversity of most business data...
In today’s world, there are many challenges that have to be solved by decision-making. Whether in our lives or in business, there must be a person that will make a decision about the future, based on his current knowledge and predictions....
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