Understanding Machine Learning & Artificial Intelligence : Difference & Importance

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The research firm Markets & Markets reports that by 2025, the AI market will grow to a $190 billion industry. This does not come as a shock considering the huge potential of artificial intelligence programming for providing a leading edge to companies. Almost 84% of business organizations agree that AI will offer them a sustainable competitive advantage. Even though AI is on the rise accelerating the growth of machine learning applications, confusion prevails while differentiating the two. The terms are used interchangeably but it should not be so.


2018: What to Expect from Technology

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Meanwhile, other established technologies have continued their domination of the industry. What can your organization look forward to seeing on the forefront of the small business technology race in 2018?


How consumer businesses are using artificial intelligence Advertising The Drum

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BT and Ticketmaster are more than just global leaders in their industries – they are example enterprise organisations already implementing artificial intelligence technology like Natural Language Process, Digital Assistants and Text Analytics into their strategies to improve customer support, experience and business growth. With the news of Google's DeepMind machine learning system and IBM's breakthrough artificial (AI) imitation of brain neurons, it's easy to assume that AI is still designated to hi-tech facilities with scientists in white lab coats and robots rolling past – and business leaders are not exempt from this belief. Although common rebuffs about artificial intelligence claim'there aren't many use cases in the space', AI within enterprise businesses is already available and being implemented – perhaps just not on the same scale or format of what we see in media today (ie the all-robot staff at the Henn-na Hotel in Japan). "We've identified 191 discrete use cases where artificial intelligence is being used today, or will be used in the near future," notes Clint Wheelock, CEO, managing director of Tractica, a market intelligence firm focused on human interaction with technology. "These use cases span 27 different industries and range from well-known applications like algorithmic trading or static image recognition to more specialized emerging areas such as emotion recognition or processing of healthcare patient data."


How consumer businesses are using artificial intelligence Advertising The Drum

#artificialintelligence

BT and Ticketmaster are more than just global leaders in their industries – they are example enterprise organisations already implementing artificial intelligence technology like Natural Language Process, Digital Assistants and Text Analytics into their strategies to improve customer support, experience and business growth. With the news of Google's DeepMind machine learning system and IBM's breakthrough artificial (AI) imitation of brain neurons, it's easy to assume that AI is still designated to hi-tech facilities with scientists in white lab coats and robots rolling past – and business leaders are not exempt from this belief that AI. Although common rebuffs about artificial intelligence claim'there aren't many use cases in the space', AI within enterprise businesses is already available and being implemented – perhaps just not on the same scale or format of what we see in media today (ie the all-robot staff at the Henn-na Hotel in Japan). "We've identified 191 discrete use cases where artificial intelligence is being used today, or will be used in the near future," notes Clint Wheelock, CEO, managing director of Tractica, a market intelligence firm focused on human interaction with technology. "These use cases span 27 different industries and range from well-known applications like algorithmic trading or static image recognition to more specialized emerging areas such as emotion recognition or processing of healthcare patient data."


Artificial Intelligence: Know the TEN ways that improve the Customer Experience

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The information that organizations produce is no less than a bag brimming with the blended gifts. It gives market pioneers a superior learning of human conduct, yet then again, it's altogether significantly more to manage. Thus to deal with those'lot more' AI came into existence. It helps businesses to wade through the gathered data as well as make better use of it. Artificial Intelligence is like a GPS satellite for the business visionaries as it helps them to navigate and finish the muddle sales journey by figuring out "Dog-gone" temperature of the competitive market.