Today, digitization penetrates all spheres of business. 2.5 quintillion bytes of data that people create every day is predominantly unstructured data. Whether it is audio, video or text, big data – if meticulously collected, recognized and processed – can be used to generate business value through leveraging state-of-the-art technologies. But no matter how intelligent machines…
AI technologies in 2019 are not a luxury but a necessity for organizations to achieve and maintain their competitive edge in the field of logistics. According to Forbes Insight research, 65% of the industry leaders believe that logistics, transportation, and supply chain have ushered in the era of “profound transformation.” The report by Accenture reveals…
Social media has evolved into the main method of communicating ideas, sharing experience, brand stories, and building communities. The user engagement with ads on Facebook has tripled in the last 2 years, as Hootsuite reports. So far, more than 60% of users discover brands and goods on Instagram, employ such apps as Like2Buy that allows…
Businesses across different industries face, however, similar obstacles on the road to success. Among such constraints are time-consuming manual tasks, poor conversion rate, low productivity, etc. As Gartner says, “Data scientists hold the key to unveiling better solutions to old problems.” There are lots of data science techniques that can be successfully used for building…
Humanity has long been obsessed with the potential of computerization and robots. The concept of artificial mind hasn’t appeared out of anywhere. Previously, artificial intelligence (AI) was vigorously discussed in the domain of science fiction. But those days can rightly be seen as the cradle of AI and approaches of employing it in the way…
These days, office employees need an AI hero. Can you imagine the number of hours wasted on handling a paper-based workflow? Isn’t it time to save employees from piles of paper? No one is saying it will be easy to eliminate paper documents promptly. For instance, in the legal sphere where the cost of a…
Image recognition has been a topic on our blog a few time before. It’s a technology that has not stopped gaining popularity for some time now, and we wanted to take a look at what other interesting and even non-conventional ways image recognition software makes a difference in different industries today. Image Recognition in Healthcare…
Are we heading towards the future of machines that learn and perform all by themselves? With the recent advancements in deep learning, it may seem so, but some experts disagree. Human-in-the-Loop approach to machine learning is gaining popularity as the best approach to training more accurate models. What value can it bring to a machine…
“How can we ensure the success of our machine learning project?” Your business has asked this questions. Your competitors have asked this question. Unfortunately, there is no straightforward answer, but a good candidate could be feature engineering. Some data scientist described it as a bottleneck, other as a superpower. Either way, all of them agree…
Computer vision is changing industries and making the lives of consumers not only easier but also more interesting. As a field, computer vision has received a lot of publicity and a decent amount of investment. The North American computer vision market has had a total investment of $120 million USD, while the Chinese market surged…