Because artificial intelligence (AI) has a wide range of uses in businesses, from streamlining job processes all the way to aggregating business data, more industry leaders are now using AI to improve company performance. A recent global survey on AI adoption and value revealed that AI adoption in at least one business function had increased to 56%, up from 50% in 2020. More importantly, the survey indicated that AI brought about positive economic returns. Companies involved in the study reported that earnings attributable to AI have increased to 27%, up from 22% in the previous survey. Lastly, the article shared that companies experienced significantly higher cost savings from AI than they did previously in every function.

Managing expenses isn't a task that many people particularly love to work on, yet it's a vital one and can have enormous ramifications for a business if not handled properly. If you'd like to find a way to spend less time sorting out this area of your organizational finances and reduce problems simultaneously, it's worth turning to technology. Thanks to artificial intelligence (AI), expense management is becoming easier and more effective than ever. In many organizations, a lack of space or too much paperwork to store leads to a lot of stress and time spent attempting to locate files. If this is a pain point in your venture, AI can help at least limit expense-based paperwork, among other things.

Blockchain and AI, particularly machine learning, are two quite recent revolutionary technologies that are being adopted by Governments and Businesses in all sorts of ways. In a series of articles (in 4 parts) I reflect in what ways these technologies have the potential to impact the lives of ordinary citizens. A lot of discussion has been going on about how blockchain and AI affects governments and businesses. If AI has been around for quite a long time, the more recent Blockchain technology, has taken the world by storm, as being a database system that provides us with a simple protocol that allows transactions to be simultaneously anonymous and secure, peer-to-peer, immediate and in constant flow. The beautiful promise of blockchain is that is distributes the trust which is currently allocated to centralized, large and powerful intermediaries, to a large global network of people engaged in massive collaboration, facilitated by clever coding and cryptography.

The Metaverse And NFTs: If the Metaverse is the door to the unique realm of experiences, NFTs are the exclusive keys to that door. These keys are increasingly becoming inevitable for exploring the limitless territories of exciting and personalised digital experiences. With the rising popularity of NFTs, their intrinsic nature makes them the DNA certification for our society. The concept of Metaverse is one of the pillars that are leveraged by the presence of NFTs, playing a pivotal role in building the digital twin of our society. Metaverse can be considered to be an inspiration behind the architectural bedrock of decentralised and interoperable space where real, online, and every kind of experience that was once conceived within the bounds of a science fiction.

Artificial Intelligence (AI) refers to the programming of machines to simulate the complex thinking that, until recently, only humans had been capable of. Of course, the advantages of AI are clear: speeding up processes, recognising more intricate patterns, and dealing with large amounts of data and information. While humans can do this work manually, AI is quickly eating into the monopoly, becoming useful across many sectors, including the healthcare industry. In a survey of business executives across the healthcare industry, over 50 per cent of respondents believed that AI will be ubiquitous in healthcare by 2025. The need for AI in healthcare is clear.

Artificial intelligence is a ground-breaking technology that is helping businesses in multiple industries to improve their results by using data and computing power to come up with the most optimal solutions to the most common problems. This type of software uses algorithms and data sets to determine a course of action in every scenario and then learns from the outcome and adjusts accordingly. As a result, these programs are designed to progressively improve until they reach a high level of efficacy. Financial firms are well-known for being data-driven businesses that rely on hard facts and figures to make decisions such as whether a company or individual meets the required criteria to be granted a loan or if a certain financial product is suitable for a given investor. With this in mind, artificial intelligence has much to offer to companies within this robust sector of the economy.

When people call a customer service line or use an online support helper, they may notice that sometimes their responses may not seem like a person. The technologies that develop these bots that can talk to people are called conversational AI. In this article, we will examine the technology behind conversational AI and what they are used for. Keep reading to find out more! Conversational artificial intelligence (AI) uses technology to create virtual agents or robots that users can talk to. They aren't actually physical robots, but rather large volumes of data that people can query to return answers to questions to their users.

The constantly shifting paradigms of humanitarian actions, owing to the increased complexity and range of needs, has resulted in a steep demand for innovation in the area. Technological advancements, like Big Data analytics and AI, have proved effective and efficient for humanitarian applications to date. However, like any other innovation, it has also introduced new challenges and risks, making the end-user vulnerable to its repercussions. Redesigning AI seems to be the most plausible solution to accommodate the dynamics of various parameters within the sector. The world has been in constant strife to meet people's demands while improving the efficiency in the humanitarian sector since the very beginning.

Artificial Intelligence has changed video editing dynamics significantly. It has affected the video editing industry, as with the help of AI, users can now effortlessly create and edit videos. AI technologies are now painless to access, and today anyone can use machine learning software. You will be amazed to know that for video marketing, AI has become one of the essential technologies and the most in-demand tool because of its unique features, such as abilities to react, sense, adapt, and act. With the help of AI technology, you will be able to produce videos using advanced in-house video editors as together, they can create short films within just a couple of minutes. The best thing about them is that you will not have to worry about music or other tools, as it immediately fixes all your editing problems.

Artificial intelligence is the next frontier in mankind's race to develop autonomous technologies. So far, there have been major breakthroughs in this particular field and most of them involve the use of deep learning algorithms that seek to build powerful systems for multiple purposes. In the specific case of financial technology, algorithms have the power to expedite multiple processes in areas such as lending, accounting, investing, and spend management. Mesh Payments is a developer of spend management software that is working hard to incorporate AI into its software-as-a-service (SaaS) solutions to keep helping businesses to better manage their finances. In this article, we explore how AI can enhance an organization's financial processes and what role spend management will play in achieving this particular goal. First, let's dig a bit deeper into the basics of artificial intelligence.