AI ethics are a factor in responsible product development, innovation, company growth, and customer satisfaction. However, the review cycles to assess ethical standards in an environment of rapid innovation creates friction among teams. Companies often err on getting their latest AI product in front of customers to get early feedback. But what if that feedback […]
Why CIOs Should Invest in Business Automation
In an increasingly challenging economic environment, it’s essential that chief information officers (CIOs) take a thoughtful approach to investing capital. The 2023 Gartner® CIO and Technology Executive Survey found that more than half of digital initiatives lag behind leadership expectations, with 59% reporting the initiatives take too long to complete and 52% reporting the initiatives take too […]
Making the Business Case for AI
Having made the suggestion the organization you work for needs artificial intelligence (AI) to support future growth, you are now required to make a presentation to the board of directors and convince senior leadership to invest in AI. Below are a few key considerations to consider while making the business case for AI. In terms […]
Advanced Analytics Use Cases
In 2023, organizations that switch to advanced analytics will be better positioned to leverage new opportunities in their respective industries. Increasingly, with the use of automated data analytics, companies are turning to analytics systems and advanced analytics use cases for strategy transformation and digital strategy. Advanced analytics systems are gradually upgrading many companies, creating business […]
7 Essential Machine Learning Engineering Skills
Machine learning engineering is a specialized field that combines the principles of computer science, data science, and software engineering with the techniques and methodologies of machine learning. Machine learning engineers are responsible for designing, developing, and implementing machine learning models and systems to solve complex problems or make data-driven predictions and decisions. Machine learning engineering is crucial in various […]
Machine Learning Examples and Applications
A subfield of artificial intelligence, machine learning (ML) uses algorithms to detect patterns in data and solve complex problems. Numerous fields and industries depend on machine learning daily to improve efficiency, accuracy, and decision-making. Recently, ML technologies have been reinforced by two subfields of their own: deep learning (DL) and computer vision. Read on for real-world examples […]
Data Scarcity Challenges? Enter Generative AI
Data has been one of the most important talking points in business for the last few years, with good reason. The more data available and harnessed, the easier it is for companies to do everything from building products that solve real-world problems to enhancing marketing efforts effectively and identifying trends and patterns. Yet, laws and […]
AI and ML to Become Critical for Procurement Teams in 2023
The procurement technology (ProcureTech) industry has come a long way since its humble beginnings. Just think, procurement professionals used basic tools like pen and paper and – at least more recently – long, winding spreadsheets. Today, the sector has transitioned to using highly cutting-edge technologies that drive strategic decision-making. These solutions have created a higher […]
How Can Natural Language Processing (NLP) Help My Business?
Research reveals that the global natural language processing (NLP) market size is projected to grow by $33 billion within the next five years, an annual growth rate of 25%. The use of natural language processing for search capability is ubiquitous – from the Google-type “ask a question and get an answer” environment consumers love to the augmented […]
How Generative AI Will Transform Business
Generative AI – specifically ChatGPT – has taken the world by storm. From writing about AI in a Shakespearean style to basic programming, ChatGPT promises to disrupt existing workflows and reengineer daily life. In the meantime, companies face another revolution with generative AI. They can remove all the data fed to ChatGPT, then replace it with a company’s […]