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Recent AI developments in China

China is now a leading global hub for AI development. Startups and major tech companies like Baidu, Alibaba, Tencent, and DiDi Chuxing are developing cutting edge products, solutions, and services using artificial intelligence. The AI market in China is massive. China’s AI Development Report 2018, a study from Tsinghua University, says, “The market value of China’s AI industry reached 23.7 …

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How AI Is Driving Innovation In eCommerce And Retail

Companies across a range of industries are adopting machine learning technologies — and as early adopters, eCommerce and retail companies have seen the biggest wins from investing in machine learning. By applying artificial intelligence to key business problems, eCommerce companies are using machine learning models to drive higher sales, predict demand, and personalize the shopping experience through more relevant search …

How top financial services companies transform their business with AI

In 2018, the financial services industry is using artificial intelligence (AI) and machine learning to drive greater speed and accuracy across business processes. Using AI and machine learning technology, financial services companies are reducing risk, managing fraud, optimizing investment strategies, improving operational efficiency, and delivering more personalized customer service, at scale. Why is the financial industry seeing so much benefit …

Investing in AI: The Time is Now

According to industry research firm TechEmergence, Artificial Intelligence (AI) technology will have the single most radical, transformational impact on business and society. AI is driving the fourth industrial revolution or 4IR—the newest industrial era, which is characterized by emerging technological disruption and increasingly blurred lines between the physical and digital worlds. Organizations are rapidly exploring the business gains that can …

Artificial Intelligence and Machine Learning Adoption by Industry

Machine Learning Adoption by Industry: A Q&A with Stephen Woodard

As artificial intelligence and machine learning become a greater part of the business landscape, it’s interesting to see how different vertical industries are putting it to use. How does healthcare compare to the technology sector? Do geography and location play a role? To answer some of these questions, I caught up with our own Stephen Woodard from our business development …

AI in the Retail Industry: Where Should You Invest?

Where Retailers Should Invest in AI

Several weeks ago, we shared a detailed report from the McKinsey Global Institute that analyzes hundreds of use cases for artificial intelligence (AI), and provides a perspective on how firms across a variety of industries can most benefit from this exciting technology. One area featured in the report is AI in the retail industry. According to the research highlights, use …

Benefits of Artificial Intelligence Enhancing the Business Landscape

The Benefits of Artificial Intelligence are Enhancing the Business Landscape

The unstoppable march of Artificial Intelligence (AI) and machine learning is already touching our lives in so many ways. But its effects have only just begun to take hold.