Nestle uses AI to drive customer experience and business intelligence, recently expanding its AI efforts by introducing a new tool known as ‘Cookie Coach’. Nestle USA launched this virtual bot to provide answers to queries regarding their Toll House chocolate chip cookie recipe. This AI-powered coach, Ruth is a multimodal virtual assistant that uses autonomous animation.Read More
Analytics Insight predicts that the Global Artificial Intelligence market revenue in the Banking sector will touch a whopping USD48.3 billion by 2025 compared to USD13.7 billion in 2019 growing at a CAGR of 28.6% during the forecast period, 2019-2024. The BFSI sector has always been resistant to changes, especially concerning technologies. However, there has been a surge in AI adoption across the financial sector in recent years, which has redefined the operations and processes in the industry.Read More
These billionaires have invested in AI to enhance their business growth. The Covid-19 pandemic has visibly shaken the global economy and we are still trying to recoup from it. Many industries harnessed the power of technology to keep their market value in check and ensure agility and business growth even in times of crisis. AI played a pivotal role in the rapid acceleration of digital transformation across the globe.Read More
Emotional AI is not far away considering the nascent developments in the field.
Artificial intelligence has already made its mark in our lives. The adoption of disruptive technologies redefined industries and their operations. However, the fear looming over AI, rooted in it being capable of taking over the human race has existed since the start. And most of us would have been influenced by those Sci-fi movies and books, which portray AI as an evil entity, talking and behaving like humans.
Open-source data architecture is no more unfamiliar for organizations since it is being deployed in various data science projects. Data science has become an asset to industries considering its importance in advanced data analytics and data-driven business intelligence. The rapid digital transformation across the globe accelerated the adoption rate of disruptive technologies and automation.Read More
Businesses across the globe are going through rapid digital transformation and automation. Cutting-edge technologies like AI, robotics, and IoT are enabling this transformation by enhancing business efficiency and agility. Robotic Process Automation (RPA) and Cognitive Automation are two components of redefining and automating industry-wide business operations. According to a Statista report, the expenditure on Cognitive Robotic Process Automation is expected to reach about 3.62 billion USD globally at a CAGR of 60.9% from 2017 to 2026.Read More
Asian countries are set to become leaders in AI development and research There has been a rapid increase in the adoption and development of artificial intelligence across the globe. Business platforms are depending on AI for better growth, efficiency, and digital transformation. Cutting-edge technologies like 5G will escalate the use cases of AI across industries. According to McKinsey Global Survey 2020 […]Read More