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How Small Businesses Can Leverage Artificial Intelligence

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Hiring: Hiring is another area where automating processes and utilizing existing AI solutions can help leaders streamline their processes and make better decisions. Case in point, applications leverage natural language processing techniques in order to improve the quality of new hires. Hiring: Hiring is another area where automating processes and utilizing existing AI solutions can help leaders streamline their processes and make better decisions. Case in point, applications leverage natural language processing techniques in order to improve the quality of new hires.


Sentiment Analysis Just Got Smarter

@machinelearnbot

They've developed a social sentiment technology based on deep learning that lets brands capture customer sentiment with 90% accuracy. This AI technology for the first time truly understands the meaning of full sentences and is able to accurately determine customer attitudes and contextual reactions in tweets, posts and articles. There are two main approaches most vendors use today: sentiment analysis based on keyword scoring, or a calculation based on predefined categories. For the first time, the algorithm understands the meaning of full sentences and is able to accurately determine customer attitudes and contextual reactions in tweets, posts and articles.


The top 20 industrial IoT applications

@machinelearnbot

The term "industrial Internet of Things" has a more muted-sounding promise of driving operational efficiencies through automation, connectivity and analytics. The company has integrated sensors to tools and machines on the shop floor and given workers wearable technology -- including industrial smart glasses -- designed to reduce errors and bolster safety in the workplace. Gehring uses the same cloud-based real-time tracking to reduce downtime and optimize its own manufacturing productivity through monitoring its connected manufacturing systems, visualizing and analyzing data from its machine tools in the cloud. While it offers an IoT platform known as Lumada, Hitachi also makes a plethora of products leveraging connected technology, including trains, which the company is beginning to sell as a service.


How Machine Learning Works In Pricing - PricingPodcast Professional Pricing Society

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In this #PricingPodcast Alex Shartsis of PerfectPricing details how machine learning will impact the pricing industry and improve business. The term "machine learning" is popular within the pricing industry at the moment, but what do pricing professionals need to know? About Alex Shartsis: Perfect Price was founded by former Drawbridge colleagues, Alex Shartsis and Youngin Shin. With a unique understanding of the business challenges and technical know-how, Alex and Youngin built the framework for a first-of-its-kind price optimization solution.


My Metric is Better Than Yours – Optimizing Business Decisions with AI

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The number of times a "happy face" button is pressed at the exit compared to the number of "angry face" button pushes? The obvious solution of using a status indicator similar to traffic light (good/need to pay attention/problem) is often not viable as it requires an enormous amount of trust and courage: Trusting your team (and perhaps also the vendor's team) that they do the right thing – and having the courage to "let go" as a manager. The number of times a "happy face" button is pressed at the exit compared to the number of "angry face" button pushes? The obvious solution of using a status indicator similar to traffic light (good/need to pay attention/problem) is often not viable as it requires an enormous amount of trust and courage: Trusting your team (and perhaps also the vendor's team) that they do the right thing – and having the courage to "let go" as a manager.


How AI and automation are changing the insurance industry

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Perhaps the biggest advantage of exploring these technologies is that insurers now have more touch points with a broader demographic of customers; giving them the data needed to create bespoke packages that justify the cost of service. The second hasn't yet bought into digital disruption, and the focus is on making sure the core set of services is working for the customer. To be able to respond to the concerns being voiced by consumers, and to harness the business agility needed to respond to market trends, insurance businesses from the c-suite down need to make a culture shift. By mirroring this innovation with new internal processes, and by aligning innovation teams with those looking after the core business offerings, the face of insurance will change as we know it.


Organizations Deploying Artificial Intelligence Are Creating Jobs and Increasing Sales Press release

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New research from Capgemini's Digital Transformation Institute shows that four out of five companies implementing AI have created new jobs as a result of AI technology Paris, September 7, 2017 – Capgemini, a global leader in consulting, technology and outsourcing services, has today announced the findings of "Turning AI into concrete value: the successful implementers' toolkit", a study of nearly 1,000 organizations with revenues of more than $500m that are implementing artificial intelligence (AI), either as a pilot or at scale[1]. Capgemini's Digital Transformation Institute research provides insights on the opportunities and benefits of artificial intelligence for organizations. A global leader in consulting, technology and outsourcing services, the Group reported 2016 global revenues of EUR 12.5 billion. Capgemini Consulting is the global strategy and transformation consulting organization of the Capgemini Group, specializing in advising and supporting enterprises in significant transformation, from innovative strategy to execution and with an unstinting focus on results.


Top trends in insurtech: AI, robotics and blockchain, says Aon

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Insurtechs with expertise in robotics, artificial intelligence, IoT, blockchain and advanced analytics are encouraging insurance companies to rethink product development through collaboration. The report, "Global insurance market opportunities: Reimagining risk management," argues insurtech startups will likely play the role of enabler for insurance innovation rather than disrupt long-standing business models. "The insurance industry has been relatively slow to embrace digital technology compared with other industries. That reticence has opened a window of opportunity for entrepreneurs to deploy digital technology to improve the customer experience through a host of startup companies," Aon says.


Banking on analytics and machine learning - Demystifying the terms - Nastel Technologies, Inc.

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Machine learning, a subset of Artificial Intelligence (AI) is a method of data analysis that uses algorithms to iteratively learn from data and derive insights without being explicitly programmed. At Standard Chartered, personalisation of digital web banners according to the client's behavior is another key use case. Other use cases for Machine Learning and Analytics in Banking include fraud detection, compliance, next best offer engine and geo-location based services to name a few. According to the latest report issued by Efma earlier this year, 58 per cent of banking providers believe Artificial Intelligence; along with several other technologies such as advanced analytics and big data will have a significant impact on the industry.


Veritas must reassure APAC customers about private equity ownership

ZDNet

According to Forrester's senior analysts Naveen Chhabra, Veritas customers in Asia-Pacific remained unconcerned about the separation from Symantec since both vendors always had operated separately. Chris Lin, Veritas' senior vice president and Asia-Pacific Japan president, concurred, adding that localisation needs for the region included multi-language support and considerations for local cloud environments, such as data sovereignty regulations. The vendor's Asia-Pacific Japan vice president and head of technology, Andy Ng, added that the software vendor released more products in the past 10 months than it did during its 10-year history under Symantec. Asked if this assessment was on point, Veritas' senior marketing director of software-defined storage Dan O'Farrell said the vendor already had invested significant efforts in machine learning to better predict and manage business storage environments.