The Truth About Artificial Intelligence and ROI You Should Know
The stakes of Artificial Intelligence (AI) are rising every day. Early adopters have reaped rich dividends, with the possibilities limited only by imagination. But implementing AI is tough. The McKinsey State of AI 2020 reveals only 22% of enterprises extract quantifiable value from AI. Even when convinced of AI benefits, enterprises often do not commit […]
How Artificial Intelligence Can Help Your Business Reduce Compliance Costs
Investment in Artificial Intelligence (AI) recoups in a short while through improved efficiencies. CIOs in regulated industries reap returns using AI to cut compliance costs. Regulations are a part of doing business, especially for companies in the financial and health sectors. Most businesses have to comply with many regulations, which are in place to protect […]
Artificial Intelligence in Manufacturing: Real-World Success Stories (+ Tips to Replicate It)
Artificial Intelligence (AI) is the favourite of the season. Manufacturers who deploy AI lower costs, improve quality, boost equipment uptime, and reduce scrap. Overall efficiency improves. But not all AI projects succeed. In fact, most projects do not proceed beyond the prototype stage. Many prototypes that pass muster eventually end up as duds, wasting time […]
Digital Transformation Lessons from Successful Companies
The status quo is not always an option for businesses, even if the business does not need or wish to change. Often, the ecosystem forces change upon the business. Companies that do not change when their partners and customers change soon become obsolete. Since industry 4.0 started over a decade ago, business ecosystems have constantly […]
Is Metaverse the Next Version of the Internet?
New technologies emerge frequently. But most of the innovations fall by the wayside, and only a few go mainstream. In such a context, is Metaverse the next version of the Internet, or is it hype? The Metaverse is a virtual twin of the real world. It offers a virtual and immersive parallel reality that allows […]
Is your Data Governance Ready to Handle the Risks Posed by Artificial Intelligence?
Data governance means organizing data at the enterprise level. Artificial Intelligence, at its core, involves generating insights from data. Machine Learning algorithms match present situations to the past and apply time-tested solutions. As the algorithm processes more data and decisions get validated, the output becomes better and more accurate. There is a direct relationship between […]
How AI-Driven Decision Making Can Fuel Your Business Growth
The initial wave of AI-based applications replaced humans to improve efficiency and cut costs. Newer AI-powered applications help enterprises make better decisions, manage risks, and fuel innovation. Advances in AI help leaders make informed decisions to address complex challenges and fuel growth. 1. Increased volumes and turnover through improved sales and marketing Many enterprises have […]
Quantum AI: Are CTOs Ready?
Each generation of computers is faster and better than the previous versions. But quantum computing offers a radically different approach to computing. A regular bit in computing is 0 or 1. Quantum computing instead has quantum bits or qubits that can be 0 or 1 simultaneously or even have any ratio between them. Two or […]
Combining RPA, Analytics, and AI to Accelerate Digital Transformation
Industry 4.0 demands digital transformation. Enterprises that seek to reap the benefits of the new digital-enabled world have to shed their legacy systems and embrace new digital technology. With multiple new technologies ruling the roost, successful digital transformation depends on convergence. Robotic Process Automation (RPA), Data Analytics, and Artificial Intelligence (AI) are the three red-hot […]
AI and Threat Intelligence for Better Cybersecurity
Cyber-attacks keep growing in volumes and intensity. Cyber-crimes will cost enterprises globally a whopping $10.5 trillion annually by 2025, up from $3 trillion in 2015, with a CAGR of 15%. Accenture’s Cost of Cybercrime Study estimates that 43% of cyber-attacks affect small businesses. But only 14% of them can defend themselves. IT teams deploy network […]
Five Key Qualities for a New Gen Leader in an AI Dominated World
Artificial Intelligence (AI) is growing in popularity, and for good reasons. AI will create $2.9 trillion in business value and add 6.2 billion hours of worker productivity in 2021. The technology improves processes and unlocks possibilities in almost all facets of work and life. Considering that AI augments, improves, and even replaces human intelligence, the […]
AI-fication: How CXOs are Betting Big on AI Growth
Technology is always in a state of flux. Each period has its new dominant technology, which drives business growth. The Internet, cloud, and mobility were all big new things that propelled growth in the past. Artificial Intelligence (AI) is the next big thing that drives business growth. In a recent EY survey, almost one out […]
