SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

AI Making Wonders

AI and machine learning is making progress and covering every sector possible, and this aspect has lead it to make advancements in the field of medical science as well. AI is now being used to detect which fertilized egg will lead to healthy babies in the process of in-vitro- fertilization. IVF in its initial days was highly dependent on the experience of the doctors and the embryologists for the detection and choosing of the correct eggs, but with time, this scenario has changed. Usage of AI in this field has lead to the elimination of the potential, human errors, accuracy in detection and speedy results. Scientists believe that instead of human looking at thousands of images, a piece of software looking at them could lead to an eventual learning and hence better predictions. TO READ MORE GO TO: 

http://analyticsindiamag.com/ai-steps-decide-embryo-will-result-ivf-success/ 

 

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Proficient Data Interpretation

We all need data and findings to go about our work in our respective organizations and, to some extent, make our own deductions from a database available to us. To understand and consume our data well, we don't have to be an expert in interpreting the data, rather we could use this opportunity to learn and also gain knowledge to help ourselves in future data interpretations. In fact, we should seek help from the team in charge for more information. An organizational data can help you know a lot about the people working in it and the trends of your organization. One shouldn’t let inexperience hinder data implications. A little practice and confidence will help you go long in this path. Read more at :

 http://www.business2community.com/big-data/responsible-data-consumption-know-enough-not-dangerous-01697405#EBAq0QXBKKRFl0Qm.97

 

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Artificial Intelligence-One Of The Fastest-Growing Technologies

According to authors, target  marketing  strategy  is the key to success ,which propels new technology into action to communicate effectively and quickly with the customers. Understanding the intricacies of both changing technology and Artificial Intelligence, is crucial for achieving success, as much of this is happening through machine learning and taking advantage of robots and AI. It’s the responsibility of the Chief Marketing Officer(CMO) to transform and spot out the same, thereby, changing the company’s identity. This requires skilled manpower, who can understand and effectively combine human interaction with machine learning. According to stats, the top revenue generator in the upcoming years will be marketing. Therefore leveraging AI is crucial to amplify the potential gains. Read more at https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/blakemorgan/2017/06/30/how-the-cmo-can-leverage-ai-internally-and-externally/&refURL=&referrer=#6974b0db367d

 

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Impact Of Application Programming Interfaces In Analytics

According to authors, the remarkable impact of Application Programming Interfaces(APIs), is in the analytics front. From accumulating data from new root to evaluation, it has radically changed the face of analytics and the core role of the citizen data scientists ,by gathering right and reliable datasets ,thereby simplifying advanced analytics and enabling them to devote more time behind identifying and interrogating new and valid questions about data. Developers can borrow functionality from other apps by allowing interaction between two pieces of codes , thereby bringing different bits of software together. Efficiency depends on use. Whether APIs will replace citizen data scientists or not, in future, is unpredictable, as, on one hand, business users will have easy access to analytics without their support and on the other hand, their role will also evolve. Read more at http://blogs.sas.com/content/hiddeninsights/2017/06/23/apis-data-scientists/

 

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The Future Of Work: The Intersection Of Artificial Intelligence And Human Resources

According to authors, AI and Machine Learning algorithms, introduces us to an era of intelligent conversational environments , by  bringing about a paradigm shift in technologies and strategies ,thereby collaborating the rate of progress in business and process for automation, thus making an enterprise more smarter ,flexible and conversational. AI mainly focuses on making support systems more efficient across a multitude of applications, processes and business domains, bringing about intelligent collaboration capabilities to the emerging Conversational Workspace platforms, improving workflows, automating repetitive tasks and initiating automated interactions via voice assistance ,thereby, helping an organization to take better decisions and grow. Read more at https://aitrends.com/speech-recognition/idg-contributor-network-the-growing-impact-of-artificial-intelligence-on-workplace-collaboration/

 

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Artificial Intelligence Has An Unimaginable Potential!

According to authors, both Artificial Intelligence and Pattern-Recognition algorithms, which metamorphoses horses into zebras and winter scenes into summer, have revolutionised healthcare, where robot radiologists, can visually diagnose and examine  X-rays ,stained breast cancer slides and medical signs involving correlations between normal and abnormal health patterns,  in detail and with remarkable precision, thereby empowering the doctors to conduct a detailed research and to better  patient’s welfare. The core activity of AI is to make the machines intelligent and using this intellect, an entity can function smoothly, efficiently and  with perfect foresight in its environment, thus allowing an organisation to flourish and expand its operations. Read more at https://aitrends.com/healthcare/supercharge-healthcare-ai/

 

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What Fraud Looks Like In The Age Of Artificial Intelligence(AI)

According to authors, Artificial Intelligence , can easily and effortlessly make a copy of audio and video content with an  intent to deceive the viewers, in a world which believes in Seeing is Believing. Though analytics, big data, and machine learning have helped  us in unfolding the truth, yet  these technologies cannot be fully relied upon, as it lies, by forging audio and video content, leading us to a fake world. As far as the audio and the video forgery is as concerned, anyone can  generate realistic-sounding speech with  varied intonation, in the voices  of famous personalities  and realistic-looking videos  by changing  both the facial expressions and pitch contour, on You Tube Videos, by using AI-based software. Recently, Adobe is working on similar technology  which aims at producing  “Photoshop  For Audio”. Read more at https://aitrends.com/opinion/ai-will-make-forging-anything-entirely-easy/

 

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How Banks Are Using Artificial Intelligence Upfront And Behind The Scenes

According to authors, AI is radically changing  the face of banking.  From daily  customer dealings ,learning from them and interacting  with them to becoming the face of their brand , AI/Robots simplifies complex tasks, by, informing  customers about their account balances, prevailing interest rates on mortgages, securities, making  transfers and payments based on voice recognition authentication, interacting in different languages thereby making transactions smooth and flexible and resolving customer grievances online. AI covers the following three techies :   1) Language processing, enabling  communication between computers and  humans, 2)Enables computers in locating similarities and comparing disparities between new and existing datasets , to sketch out patterns, via Machine Learning  and  3)Advanced software system  that provide personalized advice.   Read more at https://aitrends.com/financial-services/how-artificial-intelligence-will-revolutionize-banking/

 

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Tips for making slow-innovation projects a success

Slow innovation projects can be just as impact in the long-term. However, they are difficult for organizations to propose, prioritize, and fund. Their scope and pace often run counter to the rhythms of company goals. But there are tremendous benefits. If you’re patient and committed, slow-innovation projects could alert you to an idea, trend, or gap in the market that would have otherwise appeared to “happen overnight.” Some of the tips are:1) Claim your wins 2) Invest in relationship building internally 3) know that the best “slow innovation” work will happen outside your walls 4) Keep budgets lean 5) Don’t forget that seeing isn’t observing, and hearing isn’t listening 6) Be rigorous about fostering serendipity. Read more at: https://hbr.org/2017/06/the-benefits-of-taking-a-slower-approach-to-innovation

 

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Infusion: AI and Raspberry Pi

Microsoft is all set to infuse AI onto Raspberry Pi, a tiny device. They are working on systems that can run machine learning algorithms on microcontrollers as small as a speck of red pepper flake. If not totally tiny, there are devices such as sensors in the current scenario that can collect data and send it to machine learning models running in the cloud. However, the disadvantage of this is that the processing requires a lot of power in data crunching along with occupying a lot of storage space. This is where the team at Microsoft is playing a big role. The only hitch is to get neural network in as small as a breadcrumb sized micro controller. The entire research process is in line with Microsoft’s growing indulgence in the area of AI and machine learning. Read more at:  http://analyticsindiamag.com/making-tiny-bits-smart-infusing-ai-onto-raspberry-pi/

 

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Antitrust Battle

Antitrust, the underpinnings of which are based on industrial-age economic theories, needs new thinking in the digital age to ensure that antitrust policies continue to remain effective guardians of consumer welfare without inadvertently impeding economic progress. The coming battle in antitrust will not be about controlling markets in the traditional sense but about the battle for control over consumers’ information. The tech titans are currently in a race to see which of them can build a better digital replica of their consumers. Tomorrow’s monopolies won’t be able to be measured just by how much they sell us. They’ll be based on how much they know about us and how much better they can predict our behaviour than competitors. Read more at: https://hbr.org/2017/07/the-next-battle-in-antitrust-will-be-about-whether-one-company-knows-everything-about-you

 

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Skype Lite Aadhaar Integration

Skype Lite is a lighter, more data friendly version of the video calling app, and is available only in India. Skype Lite with Aadhaar integration can be downloaded by Android users from the Play Store. In the latest Skype Lite version, Microsoft has enabled support for Aadhaar integration. This can be used for verification of users and their identity online and is more secure. However, Skype will not store any Aadhaar information and details will be securely encrypted. Users of Skype Lite app can request for Aadhaar verification of contacts they chat with, over a video call. Users can also choose to share their Aadhaar information with the other contact in order to confirm their identity. Read more at: http://www.financialexpress.com/industry/technology/microsoft-aadhaar-card-linking-skype-lite-needs-to-be-integrated-now-heres-how-to-do-it/750625/

 

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Big Data: The Paradox

Though there has been a lot of excitement around Big Data and the potential it holds for making businesses efficient, the significant risks surrounding it in the longer run shouldn’t be overlooked. Some of the most critical issues relating to Big Data are determining what kind of information can be shared and with whom, verifying transmission of cyber information without the threat of leakage and accurately analyzing the available data through the right algorithms and models. The two serious limitations to analysis of huge data sets are overestimation of the predictive capabilities of analytics and misrepresentation and manipulation of data to produce favorable results. Over-dependence on data as a base for decision making can be a risky proposition, especially for consumer-driven business and research organisations. Read more at: http://www.financialexpress.com/industry/technology/big-data-paradox-how-a-business-can-become-a-target-for-cyber-criminals/751246/

 

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Financial Risk Management And The Use of Technology

After the revolution of fin tech in India, the payment sector has seen that Indians are opting for online transactions and transfers. But it is important to keep in mind the security aspect of digital transactions. With increasing use of technology, the market of risk management is growing fast. AI is playing a huge role in financial risk management because of its ability to deal with lots of data with high accuracy.Read more at:https://www.entrepreneur.com/article/294816

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Artificial Intelligence and Revolutions

Technical revolution is always an unbiased phenomenon but the human makes that positive or negative. After the mechanical revolution of the 19th century, AI is considered the next revolutionary phenomenon in human civilisation which will make a significant impact on technology and global socio-economic condition. AI’s decision making capability is still not highly advanced so AI can’t replace humans now. AI will kill some jobs and create some exciting jobs also. Technical innovation creates new opportunities and friends also. Read more at:https://www.entrepreneur.com/article/288956

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AI and aerospace

The aerospace companies are now studying ways to make safer the current autopilot technology. In near future, the crew will be removed from the plane. According to Boeing Vice President Mike Sinnett, the most important tool for making autopilot safer is Artificial Intelligence. The autopilots should potentially reprogram themselves according to situations which are not possible without AI and Machine learning.Read more at:https://www.entrepreneur.com/article/295609

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AI And Retail Shopping Experience

Retail stores has thousands of choices for fashion and the salesperson may influence you in your decision but with the help of AI and Machine learning your experience is going to more simpler and engaging.AI monitors the browsing patterns of any customer and give product recommendation according to that.AI powered chatbots can work more smarter and intuitively than humans. Machine learning in AI is improving product search capabilities on e-commerce sites.With the tremendous potential of AI, it can revolutionize the retail and e-commerce sector.Read more at: https://www.entrepreneur.com/article/296657

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Chatbot And Monetization Strategies

Chatbots are new in the industry and you can make a lot of money from it whether you are an entrepreneur or a company. Chatbots can understand and utilize user psychology to your advantage. Bots can give service in the B2B business. In platforms like Facebook, you can advertise your product or service through bots. You can also generate leads for your business. Read more at:https://www.entrepreneur.com/article/289973

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Bots and their use in business

Many marketers have started to think that how they can use Facebook's Bot platform in their business. There are many ways chatbots can be used for the advantage of the business. Chatbot can offer self-service options to your customers which will bring a positive view of your customer care team. You will able to build most effective marketing campaigns with the in-depth user data. You will also able to introduce new innovative promotional opportunities.Read more at: https://www.entrepreneur.com/article/290085

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The Use of AI In The Shipping Industry

The Internet is changing style. Now physical stores are closing as fast as product review system on e-commerce sites are improving and growing. The shipping industry is growing steadily in the background because of all this. Tracking technology is gaining importance becasuse of AI. We now able to find out optimal route and load for any tour with the help of AI and there are various AI-powered robots working in the shipping industry, they are saving both money and time.Read more at:https://www.entrepreneur.com/article/292465

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