Cognitive computing has been on a lot of minds lately. Looking into the capabilities of Artificial Intelligence to imitate human perception to some extent, the technology innovators have discovered that cognitive computing is a better fit for that. We suddenly realized that a lot more can be done in that regard -- instead of imitating only the perception, we can have technology make decisions like humans. Sharing the idea among the team members of AIHunters, we have tasked ourselves with an ambition of cognitive business automation in the media and entertainment industry. Let us take you on a tour of how we did that -- deliver the solution that puts innovation towards optimizing the video processing and post-production, while pushing beyond the limitations of regular AI analysis.

Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! There definitely have been easier years than 2022 for trying to start a business. Compared to larger firms, smaller companies have a harder time absorbing shocks like inflation changes, supply chain disruptions, and changing demographics in the workplace. We see evidence that investors are starting to prefer to see proof of profits, rather than growth, an anathema to the startup founders of only a few years ago.

The technology-driven process for analyzing data along with delivering actionable information to help executives make informed decisions is known as BI (business intelligence). Just simply going through that definition, one could say that BI is tailor-made for AI's intervention. Artificial intelligence today for many ventures is offering an incredible amount of use cases that involve improving business process, gathering insights, engaging customers, and building interactions with employees. The day isn't far where both will become inseparable from one another. According to a recent study published by AI Multiple, the AI industry is expected to grow and reach a worth of more than $15 trillion by 2030.

There was a time when intelligent automation was employed commonly by big enterprises. That is now an age-old tale and business automation is a thing of the future. Big, medium, or small businesses have been revolutionised how they operate. An umbrella term that includes using AI business process management and robotic process automation (RPA), is a wide application of AI for business. Why? Staying relevant is what every business today strives for.

Businesses across the globe are fascinated with the idea of AI and automation because this advanced technology promises operational efficiency, enhanced processes, and substantial cost savings. However, AI and its allied technologies have also created uncertainties, confusion, and doubts about the human capability for adopting, deploying, and executing these magical systems in actual business situations -- simply because the business leaders and operators are still all humans. Today, it is widely acknowledged that automation and AI technologies will gradually transform the global workplace, with intelligent machines performing human tasks in some cases and aiding the human in other cases. The presence of robotic machines in the workplace will ultimately increase efficiency and reduce costs. As a result, many human occupations will disappear, while others will adapt to technology-enabled roles.

Business automation is the way forward for accelerating growth. Businesses can grow in one of two ways; either increasing revenue, winning new clients and innovating, or increasing efficiencies. When a company does both, long-term profitability and sustainability are more secure. With business automation, productivity increases and staff who were doing manual tasks can focus on more useful work that generates higher-value results. However, it's no longer enough to use software to automate a few processes.

Automation is turning into a catchphrase for the technology-driven business landscape of modern times. While large companies are increasingly reaping the benefits of natural language processing, artificial intelligence, and machine learning, their small and medium scale peers are also slowly catching the bug. Today we are going to take a look at the biggest benefits of investing in automation by small and medium scale business houses. Here's how they use it to strategically grow their businesses. Streamlined sales processes bring in twice as much revenue in comparison to traditional modes.

Nearly all of the UK's core industries is set to invest heavily into artificial intelligence (AI) in the coming years, but they will also invest in the human workforce and don't expect a significant reduction in headcount as a result of AI investments. This is according to a new international study conducted by IFS. Polling 600 enterprise decision-makers, the report states that 99 per cent of UK's respondents confirmed plans to invest in AI. This puts the UK firmly ahead of North America and the rest of Europe and puts it on course to becoming an AI powerhouse. For Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), and Field Service Management (FSM) industries, AI would be used to increase the productivity among the current workforce (60 per cent), and to add extra value to products and services (48 per cent).

IFS, the global enterprise applications company, announced the findings of a global research study into the attitudes and strategies towards artificial intelligence (AI) among business leaders. The study polled 600 business leaders worldwide and a broad spectrum of industries involved with their companies' enterprise technology including enterprise resource planning (ERP), enterprise asset management (EAM), and field service management (FSM). "AI is no longer an emerging technology. It is being implemented to support business automation in the here and now, as this study clearly proves," IFS VP of AI and RPA Bob De Caux said. "We are seeing many real-world examples where technology is augmenting existing decision-making processes by providing users with more timely, accurate and pertinent information. In today's disruptive economy, the convergence of technologies such as AI, RPA, and IoT is bolstering a new form of business automation that will provide companies that are brave enough with the tools and services they need to be more competitive and outflank larger competitors."

London, November 14, 2019 – IFS, the global enterprise applications company, today announces the findings of a global research study into the attitudes and strategies towards artificial intelligence (AI) among business leaders. The study polled 600 business leaders worldwide and a broad spectrum of industries involved with their companies' enterprise technology including enterprise resource planning (ERP), enterprise asset management (EAM), and field service management (FSM). "AI is no longer an emerging technology. It is being implemented to support business automation in the here and now, as this study clearly proves," IFS VP of AI and RPA Bob De Caux said. "We are seeing many real-world examples where technology is augmenting existing decision-making processes by providing users with more timely, accurate and pertinent information. In today's disruptive economy, the convergence of technologies such as AI, RPA, and IoT is bolstering a new form of business automation that will provide companies that are brave enough with the tools and services they need to be more competitive and outflank larger competitors."