From email correspondence and financial transactions to professional networking, technology plays a critical role in business operations. Unfortunately, our adoption of technology is subject to overcoming security challenges. An increasing number of cyber-attacks indicate that several businesses lack adequate protection against online threats. According to IBM, the average cost of a cybersecurity breach has been increasing and is now at $3,860,000. The company also estimates that the cost of each stolen record that has sensitive information in 2018 was $148.

As an organization grows, the amount of newly generated data also keeps growing. According to Forbes, 15 Exabytes of data was generated worldwide in 2005 and almost 1200 Exabytes in 2010. As of today, this figure has reached 2.5 quintillion bytes. At this pace, the global data volume is expected to grow up to 44 zettabytes by the year 2020. Traditional data management systems cannot cope with the rising volume of data.

Several high profile cyber attacks over recent years have exposed the vulnerability of popular software and technology platforms. It highlights the need for stringent cybersecurity laws. Leading global organizations have strengthened the security of their systems to minimize attacks. AI mechanisms are emerging as the means to strengthen cybersecurity and thwart attacks. Apart from monetary losses, cyber attacks damage a company's reputation too.

Effective management of customer information is essential for strengthening customer relations. AI provides an innovative solution to enable businesses to enhance their CRM efforts. It can reveal consumer behavior patterns to understand their expectations better to build new products and features. This blog post discusses how integrating AI in CRM systems is beneficial for strengthening customer relations. Efficient data management: CRM systems analyze and process data from multiple channels in a centralized manner. AI implementation enables them to provide real value for a company's objectives.

Artificial Intelligence (AI) is rapidly emerging as one of the most popular technologies across industries. It has gained considerable traction in building mobile apps that enable users to accomplish routine tasks conveniently and efficiently. AI technology powers smart devices to fulfill the entertainment, security, and monitoring requirements of consumers. From chatbots to predictive analysis and intelligent speech interpretation, the new advancements of AI are fulfilling business requirements too. The closest we are to AI technology today is through mobile apps. This blog post provides an overview of how AI and chatbots are beneficial for mobile apps.