According to Gartner, a whopping 47% of machine learning experiments fail to reach experimentation. This number is stunning on the surface, but it is even more troubling when you consider the deluge of demands the MLOps workforce is facing in the wake of the COVID-19 pandemic. With the MLOps market size set to balloon to over $6 […]
AI and Machine Learning: Friend or Foe to Mankind?
While humans may be the most intellectual creations and sit atop the “food chain,” artificial intelligence (AI) is a branch of computer science that can simulate human intelligence in many cases. AI is implemented via machine learning (ML) and performs tasks traditionally executed by humans. Like it or not, AI and ML technologies are here to stay […]
Complete Guide to Image Labeling for Machine Learning
Image labeling enables you to tag and identify specific details in an image. In computer vision, image labeling involves adding specific tags to raw data, including videos and images. Each tag represents a certain object class associated with this data. Supervised machine learning (ML) models utilize labels to learn to identify a certain object class within unclassified […]
Digital Transformation Examples for Business Success
Today, most businesses are embracing digital transformation to meet ever-increasing customer expectations and to remain competitive and relevant in the world economy. While many organizations still struggle to adopt new technologies – often due to the lack of a tailored digital strategy and the reluctance of many to change the way of business operations that […]
Real-Time Data in Machine Learning: Challenges and Solutions
In today’s dynamic global marketplace, events outside of our control are constantly making the data we’ve collected erroneous and outdated. There are instances in which real-time decision-making isn’t particularly critical (such as demand forecasting, customer segmentation, and multi-touch attribution). In those cases, relying on batch data might be preferable. However, when you need real-time automated […]
Fundamentals of AI Ethics
In the world of enterprise technology, AI is a fast-growing sector, with no end in sight. A recent survey by PwC found that 86% of executives expected AI to become mainstream in their organization soon. Data-driven businesses want to reap the benefits of AI implementation, including better customer relationships, more efficient business processes, and valuable marketing data. […]
Innovations in Deep Analytics Are Critical to the Future of Supply Chains
Digital transformation accelerated very quickly during the global pandemic, leading to 10 years of innovation in just three months. The abrupt changes came mere weeks after the rules of the California Consumer Privacy Act (CCPA) went into effect and just a few months before they were enforced. As the risk of new fines piled up – at […]
Responsible AI Is an Enterprise Imperative – Here’s Why
Successfully leveraging artificial intelligence (AI) and machine learning (ML) to deliver insights that drive better business decisions is at the top of modern enterprise agendas. In fact, Gartner has reported that by the end of 2024, 75% of businesses will shift from piloting to operationalizing AI, and for good reason. AI models have been proven to enhance […]
What Is Synthetic Data?
Synthetic data refers to any dataset that is generated artificially. Most datasets are generated based on research, use cases, or other activity. In the case of synthetically generated data, datasets are instead developed in a way that replicates real datasets, so that they can act as supporting information during model training or testing processes. Gartner predicts […]
Maximizing ERP Systems with AI and Wide Data
In the current business landscape, traditional enterprises are looking for agile technologies to accelerate growth and digital transformation. Many of these organizations have petabytes of data stored in enterprise resource planning (ERP) systems and while ERP platforms can provide an overview of “what happened,” many organizations want to know “what will happen” or “what’s the persona of my user?” or […]