As an industry, agriculture has evolved since prehistoric times. With food supply, this industry has catered to one of the basic needs of humanity. Presently, the digital transformation in the form of AI, IoT and machine learning has been transforming every segment. Integration of AI in the agricultural sector has been changing the way food is produced and distributed. FAO, the food agencies of the United Nations, states that across the world, one-third of the total food produced is actually wasted. AI-generated data, obtained using agricultural drones and sensors from farms offer possible remedies to deal with the issue. Reputed AI developers have come up with sophisticated mechanisms that can bring about a new paradigm in agriculture. Information about seeds, soil, ...
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Technology has greatly influenced the lifestyles of individuals. Machine Learning, a subset of Artificial Intelligence, has been reshaping location-based services significantly. Whether you think of weather forecast, driving using GPS or buying products online that come flashing on your screen, Machine Learning has been changing the way you use technology. While interacting with digital services and devices, they generate information about the location of the user most of the time. People who use smartphones depend on location services, whether they look out for a store or drive to a new city. This data is equally beneficial for the service providers. It reveals important information about the habits of the customers, bringing them the opportunity to expand their business. Integrating Machine ...
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In this modern world, computers are being leveraged to systematically detect data signals and patterns that can drive higher business revenues and better outcomes. This has led to a confluence of machine learning, predictive analysis, algorithms and artificial intelligence that can assist global leaders in coming up with business solutions that have been traditionally driven by human experience, intuition and intelligence. This Confluence is known as Decision Science It is a toolbox of quantitative techniques and approaches that go into conveying the ability of decision-making to the masses. At its very basic, the concept covers everything that can provide analytical solutions to complex problems. It encompasses a consistent and rational economic framework that comes with an objective system to make ...
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Business leaders are keen to integrate an AI strategy to strengthen their sales. In every industry, competitive pressures are raging high today. A powerful strategy based on artificial intelligence can boost up your business growth. It is exciting to learn about the hype around artificial intelligence. In a global survey involving over 3000 executives, industry analysts and managers and interviews with over 30 tech experts, 85% of business executives were found to vouch for AI. This population believed AI can bring a strategic advantage to their business. Also, in the last couple of years, AI has gained a significant momentum in industries like healthcare, manufacturing, logistics, retail and transportation. In order to leverage productivity and performance, business firms are integrating AI into ...
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With the emergence of newer technologies every day, the world is becoming a smarter place to live in. In fact, potentially every sector is undergoing a sort of pleasant transformation ever since the wave of Artificial Intelligence has hit the globe. But what is AI? For those who are technology amateurs, artificial intelligence, widely recognised as AI, is centred on developing intelligent machines that resemble human intellect in terms of reasoning, learning, and decision-making. However, AI has so far been associated with simplifying standard tasks such as process automation, analysing & understanding consumer behaviour, or personalising experiences across sectors like banking, retail, and even education.But what’s interesting is the latest review report by Drug Discovery Today which suggests that AI can also ...
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When it comes to Artificial Intelligence or AI as we widely call it, there are always endless opportunities and innovations coming to the surface. From finance, banking and retail industries to technology, healthcare, and education sectors; AI applications are being broadly utilised across the globe. Apart from this, it is believed that AI finds its utility across a variety of government areas that are directly or indirectly related and benefit citizens. Whether it is better management of traffic with the help of AI’s real-time data collection abilities or improved and speedy customer service, the possibilities of AI use cases in government are plenty. So let’s check out in detail the diversified use cases of AI that can be incorporated by ...
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The hype around AI-enabled chips has got a solid ground behind it. You must have learnt that these chips will soon be making their way into the latest smartphones. Some brands have already integrated AI-enabled chips in their models. AI, unlike other software, is heavily reliant on specialized processors to complement the CPU. Even the most advanced CPU is not capable of improving the training speed in an AI model. An additional hardware is required by the model during inferencing to carry out complicated mathematical computations. As a result, the tasks like facial recognition and object detection can be accomplished at faster speeds. In 2018, the AI chip market was estimated to be at $6,638 million. By 2025, this is expected ...
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There’s no denying the fact that Artificial Intelligence has taken our world by storm with loads of incredible innovations. Standing right at the edge of the Fourth Industrial Revolution, we are coming to terms with the very cursory steps made by AI and machines in re-designing the world where we reside in. Although, many prolific thinkers worldwide have started criticizing the attempt of replacing human intelligence with technology and auto-learning machines, there is one sector where Artificial Intelligence is spelling benefits galore — the healthcare and medical industry. The digital tech vision of Artificial Intelligence for healthcare industry is transforming almost every now and then. With technology undergoing some exponential advancements, AI is bucking up to sprout its wings for ...
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Artificial Intelligence and machine learning have shaped the insurance industry significantly in recent years. From enhancing customer experience to detecting fraud, AI has bolstered the insurance industry in a massive way. In 2018, experts predicted that insurance data would grow in volume by 94%, out of which 84% would be in the form of unstructured documentation. Technology has revolutionized the insurance industry, shaping it in the way we perceive now. Global financial institutions are investing in technologies like Big Data, IoT and particularly, AI. In the insurance sector, AI solutions are gaining intense popularity. A statistic shows that 19% of the AI implementation has been made in product innovation, 43% in process optimization and 58% in enhancing customer experience. Let’s explore how AI ...
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An unprecedented industrial revolution has swept across the globe as Artificial Intelligence has already begun to influence almost every sphere of our lives today. Just like wine, automation and technology are only getting better with time. The endless possibilities of AI are nothing new to us, as the impact of its numerous perks has been testified over the past few years. The forthcoming years promise to introduce some major breakthroughs that will touch and improve almost all aspect of our lives, from detecting different health conditions to launching cars that drive themselves and partaking in the regular rudimentary chores. Despite its omnipresence in almost every sphere of our lives, AI happens to be tarnished with a plethora of misconceptions. These ...
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We have the cursory level of Artificial Intelligence around us — in computers it can predict the users’ preferences, smartphones it responds to voice commands, and it might also introduce the driverless vehicles, maybe, in the near future! On the horizon, there lie some major breakthroughs that could shape the future of education by influencing the process of both teaching and learning, albeit, for all the right reasons. Invented in the year 1956 by John McCarthy, Artificial Intelligence could be described as a highly powerful computer system, which can mimic the natural human behaviors such as speech recognition, visual perception, decision making, etc. Post mass production, steam power and digitalization, it’s AI that could be described as the ‘fourth industrial ...
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The unprecedented proliferation in technology, consistent emergence of different smartphones and Internet access with incredibly high speed — some of these factors have transformed the way users are leveraging the Internet today. Owing to the redefined user-interaction, most of the organizations are now embracing ‘mobile-first’ approach to engage more audiences worldwide. In order to build more interactive, engaging and user-friendly mobile applications, the developers are increasingly inclining toward Artificial Intelligence. The powerful combination of AI and machine learning can shape the future of mobile app development to a vast extent. AI is the key to a successful and purpose-driven next-gen mobile app. If you haven’t yet tapped into the unexplored perks of AI-integrated mobile apps, then give the following excerpt ...
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If the futurists have their conjecture and math right, Artificial Intelligence could take over human intelligence by 2040. In quest of decoding the insurmountable capacities of technology, AI and machine learning, Stephen Hawkins once rightly stated that these could be, “outsmarting financial markets, out-inventing human researchers, and out-manipulating human leaders.” AI is undoubtedly one of the most revolutionary technologies, which is powerful enough to turn the world upside down and shape it up with a new contour. However, the field of AI has already gone through several phases over the past few years and it should be consistently updated to suit the swiftly-changing needs of the millennials. Some of these following trends will define the pre-eminence of Artificial Intelligence in ...
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