How AI Can Help Media and Entertainment Companies in Churn Mitigation
With the era of AI in full swing and its rapid adoption, most industries are now looking for digital solutions to improve their existing processes. The media and entertainment industry is no different. Media and entertainment companies make up one of the most important verticals in the business world…
What Is the Difference Between AI and Deep Learning?
As the buzz around AI and deep learning grows, so do the questions. What are they, and what’s the difference between them? To help clear things up, we’ve put together a brief summary of what these technologies mean and how they help businesses…
How Manufacturing Companies Can Use Diagnostic Analytics
Manufacturers require deeper insight into different processes to gauge business performance and take measures to refine operations and plans. Considering the stakes are high, it is crucial to know the company inside out and drive future predictions based on analysis…
Let’s Understand the Career Opportunities in AI
Artificial intelligence (AI) and machine learning (ML) have swiftly become mainstream. According to a study by PWC, the AI industry is going to contribute more than $15 trillion to the global economy by 2030. As per a World Economic Forum report, career opportunities in AI will increase by 2025. Digitization and automation are expected to be adopted by […]
What Is Digital Twin, and Why Is It Important to Manufacturing?
The digital twin refers to intelligent, real-time digital representations of physical systems, equipment, or products. Simply put, it is a 2D or 3D virtual version of the product used for automating performance monitoring and predictive maintenance. A digital twin makes it feasible to capture the state of an …
8 Deep Learning Skills You Need to Master to Land the Next Cool Job
The machine learning (ML) market is valued at nearly $21 billion in 2022 and is expected to reach $209.91 billion by 2029 at a whopping CAGR of 38.8%. Deep learning is the sub-segment or subset of ML — more so, an evolved branch of ML that is immensely high in demand…
How Manufacturing Companies Can Power their Servitization Initiatives with AI and IoT
The manufacturing circle is buzzing with servitization for decades. Innumerable research papers on the concepts, strategies, and benefits of this model have evolved. In simple terms, is about companies using a model where their customers pay for the service instead of the products. Here, the selling is about “outcome as a service”…
What Is Cognitive Computing and What Are Its Use Cases?
Cognitive computing is all about harnessing the computational power of intelligent machines for predictive maintenance and automated clinical decision-making, among others. As it stands, the cognitive computing market is growing rapidly at a CAGR of 28.7%. In essence, cognitive computing uses the concept of natural language processing coupled with AI…
How Can Automotive Companies Optimize Warranty Claims with Warranty Analytics?
Automotive companies are always looking for ways to optimize their warranty claims, maximize ROI, increase customer satisfaction, and bolster customer loyalty. The smarter use of data is one of the critical factors in achieving these goals. It allows for a quicker response time, reducing warranty costs, and enhancing customer service…
10 Big Data Applications and Use Cases in Media and Entertainment Industry
The tremendous amount of data generated in the media and entertainment industry is ideal for real-time analytics of the audience’s interest areas and empowering media companies to leverage that interest. For instance, insights into content visibility explicate how the audience is often confronted with the paradox of choice and frustrated…