7 Top Predictive Analytics Tools for 2023
As competition intensifies and the environment becomes increasingly uncertain, businesses look at predictive analytics tools for insights to improve performance. Predictive analytics combines historical data, statistical algorithms, and machine learning to predict outcomes. Plain-vanilla analytics describes the data and finds the patterns inherent in the data. Predictive analytics go beyond and use such insights to […]
Predicting future business performance in a roller coaster reality
Most businesses rely on forecasting to make informed business decisions. Business decisions rely on predictions of profitability, customer acceptance, and other vital metrics. Over the years, business executives have developed predictable approaches to forecasting their business performance. But of late, the unpredictable and uncertain business environment has rendered such methods obsolete. The COVID-19 pandemic plunged […]
5G, IoT, and Cloud, the winning combination for your business
5G, one of the most exciting developments of the decade, is finally becoming mainstream. 5G connections will grow from 10 million in 2019 to one billion in 2023, with a CAGR of 217%. 5G’s exceptional bandwidth, improved reliability, and ultra-low latency will enable a paradigm shift in mobile communications. But the real potential of 5G […]
Four Types of Data Analytics to Improve Decision-Making
Data analytics answers pressing questions and unlocks insights to deliver efficiencies. The right analytics allow decision-makers to identify trends and make better-quality decisions. They can make better strategies and understand the implications of each course of action better. The speed of decision-making also improves. But not all analytics lead to better decision-making. Here are the […]
Steps Data and Analytics Leaders Should Take During a Crisis
Crises are certainties of life and come unannounced. No one can predict the next crisis. But, robust data and analytics help enterprises weather most crises in today’s digital age. Smart enterprises remain prepared to respond to crises by adopting the below-mentioned steps. 1. Be ready for rapid change New, uncertain situations trigger crises. Often, the […]
Artificial Intelligence and Automation – The Future of Finance
Technology advances at lightning speed. Artificial Intelligence (AI) and automation have the most disruptive impact among new technologies. Until recently, only large enterprises could afford AI and automation. But the availability of AI and automation in “as-a-service” mode has changed the landscape. Even small firms can now leverage AI and automation to propel their growth. […]
Two Types of New Emerging AI – Opportunities and Challenges
Artificial intelligence (AI) has soared in popularity over the last decade. Businesses have unlocked several use cases that deliver efficiency improvements and innovations. But implementing AI is not a walk in the park. Most AI projects do not go beyond the proof-of-concept stage. 87% of AI models never go to production. A majority of projects […]
How Can AI Help You Fight Against Sophisticated Cyber Attacks?
Cyber attacks become more menacing and sophisticated with every passing day. Enterprising cybercriminals leverage the latest technologies, including AI, to take down any network. Even governments and Fortune 500 companies have fallen to such assaults. Cyber attackers have always been resourceful. They now use Artificial intelligence (AI) to upgrade their cyber weaponry in a big […]
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 […]
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 […]
