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Showing posts with the label Artificial Intelligence

What Does the Future Hold For AI In Business!

The Rise of ‘Disruptive Technologies’ Disruptive innovation is one that essentially wipes out or replaces an existing market or value network. Over the years, many technological innovations have managed to displace existing systems. However, in the world of business, everything has an expiry date. Technology has shown striking evidence of disrupting existing operations, algorithms, jobs as well as markets and the pace at which this is happening is exponential. New innovations have a shelf life or validity of fewer than five years. The competition is intense and platforms for tech-based innovations are growing day by day. In this scenario, artificial intelligence has made a breakthrough like no other. AI and its Impact on Businesses Artificial intelligence in machines, as an idea, has existed for many decades but it is only now that average workplaces are able to experience scalable advantages of these systems. For sectors ranging from finance to logistics and media to governan

Machine Learning and Artificial Intelligence in Healthcare Industry

21st century conquered the whole world with new discoveries and the creation of innovative software. The world does not stand still, and information technologies are also progressing making impact on many industries. Healthcare is not an example. Particularly in the case of automation, machine learning and artificial intelligence, doctors, hospitals, insurance companies, and industries with ties to healthcare have all been impacted – in many cases in more positive and substantial ways than other industries. Let’s take a brief look at these ways. The list below is for sure not complete, but provides an outline of some of ML’s and AI’s applications in the healthcare industry. 1. Processing data Data management is the most widely used application of ML, AI and digital automation in general, as the first step in healthcare is collecting and processing patient’s info, for example medical records or other past history. Machines collect, store and process data to provide a faster and h