Data is the new fuel- it drives businesses towards exponential growths. It has the power to transform operational and add intelligent insights with its immense potential. The key, however, lies with understanding data and its insights.

Logistics, like other domains, can also leverage from the several advantages of data. It all begins with what to do with the collected data. Data Science will come into the picture with its amalgamation of statistical &…

Summary:  More data means better models but we may be crossing over a line into what the public can tolerate, both in the types of data collected and our use of it.  The public seems divided.  Targeted advertising is good but the increased invasion of privacy is bad.

Headlines are full of alarm.  The public is up in arms.  The internet is stealing their privacy.  Indeed, the Future of Humanity Institute at Oxford rates this as the most…

Summary:  Despite our concerns about China taking the lead in AI, our own government efforts mostly through DARPA continue powerful leadership and funding to maintain our lead.  Here’s their plan to maintain that lead over the next decade. 

Think all those great ideas that have powered AI/ML for the…

The energy industry is undergoing a rapid transformation in recent past owing to the enhanced role of renewables and enhanced data-driven models making the value chain smarter. In the context of the primary constituents of this sector comprising of coal, power, renewables, solar energy, oil, and gas, there is a huge role AI can play.

We illustrate some key use cases below:

1. Smart Grid

The biggest disruption in power in recent times is in the smart grid…

Summary:  If you are guiding your company’s digital journey, to what extent should you be advising them to adopt deep learning AI methods versus traditional and mature machine learning techniques.

By now everyone is at least familiar with using AI/ML as a required cornerstone of company strategy.  Frequently…

Summary: Especially in consumer goods and retail the value of AI/ML is only part of the story.  AI/ML will increasingly need to integrate with helper technologies to deliver maximum value.  Up your game in IoT, 5G, and robotics to ensure you’re giving your operating team all the best options for their investment.

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"AI will be the most defining technology for the banking industry."

-Ravi Narayanan, HDFC Bank

Such a comment, coming from an organization (HDFC) which has taken a gigantic leap in adopting conversational banking in the form Eva, India’s first AI bank agent, isn’t surprising. However, make no mistake, AI is being accepted globally as the new UI for banks to interact with their customers. Industry thought leaders increasingly agree that…

Global trends like fuel price fluctuations, geopolitical events and government regulations have a huge impact on the airline industry. In an industry at the mercy of unpredictable trends, it is all the more important for companies to gather, analyze and apply data intelligently to all business processes.

Some key use cases where AI will provide tons of value in the aviation industry are as follows:

1. Optimizing MRO via Preventive Maintenance

 Material…

Artificial intelligence (AI) seemingly has been discussed everywhere over the last few years, and now it’s made its way into the commercial insurance industry. Organizations are using AI and machine learning for everything from streamlining operations to offering more personalized care and better customer service. There is an increasing sense of urgency about getting started on the AI journey. The question is how. Do they develop a custom solution in-house or purchase a third-party solution…

Summary:  Communicating with your Board of Directors about AI/ML is different from conversations with top operating executive.  It’s increasingly likely your Board will want to know more and planning that communication in advance will make your presentation more successful.

As AI/ML becomes increasingly…

Summary:  Based on a McKinsey study we reported that 47% of companies had at least one AI/ML implementation in place.  Looking back at the data and the dominance of RPA as the most widely reported instance makes us think that the number is probably significantly lower.

We’ve been trying to get a handle on…

We’ve all experienced the great data rush as companies push to use analytics to drive business decisions. After all, the proliferation of data and its intelligent analysis can change entire company trajectories. But to make the quintillions of data created each day truly useful, as well as all that has come before, it must be understandable to an artificial intelligence (AI) system.

Dealing with numbers is one thing, but human language is…

Summary:  In the literal blink of an eye, image-based AI has gone from high cost, high risk projects to quick and reasonably reliable.  C-level execs looking for AI techniques to exploit need to revisit their assumptions and move these up the list.  Here’s what’s changed.

For data scientists these are miraculous times.  We tend to think of miracles as something that occurs instantaneously but in our world that’s not quite so.  Still the rate…

Data Science is a combination of data inference, algorithms, and technology that solves complex problems. The core of this technology is data that is initially raw, then is streamlined, and stored in a data warehouse. These vast amounts of data can help generate significant business values.…

Artificial intelligence has been fascinating to the human imagination since the term was first used by the first science fiction writers.

The roots of the concept of "artificial intelligence" must be sought deep in the ancient world, where folklore, legends and myths in almost every culture spoke of artificially created creatures endowed with supernatural intelligence, consciousness or other human qualities. The only factor uniting the myths of the whole world is that artificial…

According to the World Economic Forum, the global manufacturing sector could be one of the sectors most influenced by the latest technological trends like AI, machine learning and IoT - collectively termed Industry 4.0 - with great potential for disruption and transformation if these technologies are employed intelligently.

While AI has proven to be one of the most broadly disruptive technologies of the digital revolution, it best maximizes its potential when deployed in conjunction…

Summary:  Adoption of AI/ML by larger companies has more than doubled since last year according to these survey results from McKinsey and Stanford’s Human-Centered AI Institute.  This new data gives us a much better idea of which global regions and which industries are adopting which AI/ML techniques.

We know…

Some months ago, booking.com joined the ginger group of brands to combine artificial intelligence (AI) with mobile to get a headsup in anticipating a customer’s purchase intent.

Booking.com app users now not only receive instant booking access to a destination with a single QR code but also get…

Summary: The world of healthcare may look like the most fertile field for AI/ML apps but in practice it’s fraught with barriers.  These range from cultural differences, to the failure of developers to really understand the environment they are trying to enhance, to regulatory and logical Catch 22s that work against adoption.  Part 3 of 3.

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