The current trend of the IT industry is based on the principle of automation. This isn’t just hype because the marvelous effects of automating various tasks are widely known by now. Planning out the budget effectively and reducing maintenance costs are some of the deemed automation outcomes.
Natural Language Processing (NLP) is a pre-eminent AI technology that’s enabling machines to read, decipher, understand, and make sense of the human languages. From text prediction, sentiment analysis to speech recognition, NLP is allowing the machines to emulate human intelligence and abilities impressively.
Machine Learning is one of the proficient technologies that we have for pattern recognition, data mining, statistical analysis on large volumes of data. It’s enabling machines to recognize intricate patterns and make intelligent decisions, without human intervention. In order to achieve this, the ML technology is accompanied by neural networks.
On average, a human speaks 700 words per day, which includes the words of actual value (i.e. words that have an intent to communicate to another person). Instant messaging, telephonic conversations, books, movies, songs, verbal (F2F) communication are amongst some of the common ways humans exchange their thoughts and information.
Have you noticed the ‘Smart Compose’ feature in Gmail that gives auto-suggestions to complete sentences while writing an email? This is one of the various use-cases of language models used in Natural Language Processing (NLP).
Over time, there has been an astronomical rise in the number of ways Artificial Intelligence can be utilized for the betterment of everyday lives. The technology is almost everywhere- in traffic predicting Google Maps, in video surveillance cameras, in face recognition apps, in speech recognition & language translation solutions, etc. In fact, AI is one of the trending technologies during the COVID-19 pandemic.
Bill Gates was quoted as saying- “How you gather, manage, and use information will determine whether you win or lose.”
If we relate to his words with regards to customer information, then it can be rightly said that a Customer Relationship Management (CRM) solution is the key to win or lose a customer.
Corporate training is an absolute necessity for businesses today. It is known to significantly improve net income per employee for businesses, along with productivity, morale, and retention of employees. As a result of the benefits that corporate training and development programs offer, Learning Management Systems (LMS) are gaining ground with the global LMS market expected to reach $19 billion by 2022.
eLearning is certainly the biggest hype during the COVID-19 outbreak. The education system, which is affected by the no-physical-movement is switching to at-home, online learning solutions. There are different ways education is delivered to the learners and Edtech businesses are cash in on it.
Whether a six-second bumper ad or a multi-minute compilation, videos have an amazing power to engage online audiences. Video marketers say that video content helps them with lead generation, gives them a good ROI, helps in increasing website traffic, and improve sales.