As with any new technology, the adoption of Artificial Intelligence in the business world has been welcomed with open arms and met with some hesitation. However, current research and forecasting show large benefits in adopting AI for banking. The integration of AI in the financial sector is predicted to lower costs by 20%, leading to…
Machine learning and artificial intelligence (AI) are transforming the manufacturing industry in some pretty dramatic ways, from boosting efficiency, increasing defect detection rates and reducing scrap waste to improving sales forecasts and even giving company leaders the insights they need to revamp business models. Manufacturing can involve some very inefficient processes, which tend to require…
Technology has enabled the healthcare industry to make serious headway in recent years. In fact, shifting operations and systems to the digital realm—known as a “digital transformation”—helps medical organizations become more efficient, refine treatment options and cut costs. A digital transformation in healthcare could mean anything from digitizing customer records, moving data and applications to…
Machine learning and AI produce impactful benefits for a wide range of industries. We’re excited to see how these technologies revolutionize healthcare by significantly improving diagnostic capabilities, speeding up treatment, reducing infections and hospital re-admissions. Reach out to our team today!
While many businesses are still creating apps that store app data within users’ devices, this technique leaves user information vulnerable to data breaches and limits the types of platforms that are compatible with these apps. Fortunately, there’s a better alternative: cloud hosting. Mobile cloud traffic has increased from 81% in 2014 to 90% in 2019,…
The workplace is becoming increasingly more sophisticated thanks to mobile apps that employ technologies such as artificial intelligence (AI). With AI, machines perform complex human tasks, often in a fraction of the time it requires humans to do so and with higher accuracy. While AI will never replace humans–because life experience and intuition are indispensable…
Every company needs to periodically update its processes to keep up with the latest trends and technologies. This process is known as a digital transformation, and it’s particularly important for retail companies. After all, the retail industry is currently facing a crisis, pushing companies to try new tactics. The global e-commerce industry is slated to…
Every business uses data to drive their business decisions. So, why the need for predictive analytics if you are already using data? Comparing data with and without predictive analytics is like comparing a domestic cat to a Bengal Tiger–there is a vast difference. A business might have a good idea of their customers and the…
Whether you love or hate spreadsheets, we all need them. Spreadsheets have revolutionized data since the 1980s when they were the “new kid on the block.” Every accountant swears by them and business analysts spend hours trying to make sense of the rows and rows of numbers. But, for the human mind, a picture is…
Artificial intelligence (AI) provides actionable solutions to common problems in various industries. It is especially useful in the world of healthcare, as AI is helping to solve a number of roadblocks that the industry has been facing for decades. AI is furthering the goal of more accurately diagnosing patients, providing treatment options with higher success…
