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…
5 Programming Languages for AI Development
AI has some remarkable applications in countless areas, including marketing, customer service, education, eCommerce, travel, hospitality, etc. According to Gartner, AI software revenue would surpass $60 billion in 2022, increasing steadily from 21% in 2021. Having an intuitive AI system gives users a brilliant experience …
How To Choose the Right Machine Learning Model? Here Is a Basic Guide
For every machine learning (ML) challenge, there are innumerable models and techniques to find the relevant solution. But while it is beneficial to have alternatives, picking an appropriate model is essential. Though there are several performance indicators for evaluation, not all solutions are designed for all problems. As such, it is pertinent to understand how to choose the right model for a problem…
Tackling the Safety Challenges on the Factory Shopfloor With AI
Accidents on the factory shop floor are not desirable under any circumstances. Yet, they happen. According to the National Safety Council, 34% of these injuries occur while coming in contact with equipment and objects. About 32% of the injuries result from reactions to the exposed chemicals and overexertion…
Diagnostic Analytics – Purposes, Applications, and Benefits
Analytics are everywhere. Data analytics has been the primary focus for many industries to stay competitive in the ever-so-growing marketplace. And data-driven decision-making has been an essential part of organizations so that they are well-prepared to deal with uncertain times. According to Statista, the data analytics market revenue is predicted to hit 68 billion dollars by 2025
Perception for Self-driving Cars – What, Why, and How?
Self-driving cars are one of the most significant innovations of our time. They’ve certainly taken the automation game to a whole new level. Thanks to companies like Tesla, the once-conceived-as-a-possibility is now a reality. That said, two fundamental aspects of self-driving cars are perception and computer vision…