Experfy Insights

It’s easy to fall into the doomsday trap, especially if you don’t have any working knowledge of AI and are listening to the, let’s call them media-friendly, celebrities above. But if you’re willing to spend a little bit of time digging into AI and what it can and cannot do, you’ll quickly discover AI’s actual impact on society. And the forecast isn’t so bleak. So what’s the point of the story here? AI is not something to be feared.

As Fintech organizations focus on helping consumers and business owners manage their accounts and finances using specialized algorithms and software, they can really improve the whole process using Financial Process Automation. Because managing financial transactions across an organization require a lot of knowledge, expertise, know-how, pressure-handling capabilities, mental ability, and most of all commitment. As a financial manager or CFO, you’re probably aware that today’s financial responsibilities are much more than just math. In this regard, Financial Process Automation is the answer.

Quantum computing is not only almost unimaginably powerful, it is also completely different than anything we’ve ever seen before. You won’t use a quantum computer to write emails or to play videos, but the technology will significantly impact our lives over the next decade or two. What’s most important to understand, however, is that the quantum era will open up new worlds of possibility, enabling us to manage almost unthinkable complexity and reshape the physical world. Here’s a basic guide to what you really need to know.

2019 is a record year for enterprises’ interest in data science, AI, and machine learning features they perceive as the most needed to achieve their business strategies and goals. Enterprises most expect AI and machine learning applications and platforms to support a range of regression models, followed by hierarchical clustering and textbook statistical functions for descriptive statistics. Recommendation engines are growing in popularity as interest grew to at least a tie as the second most important feature to respondents in 2019.

Most current AI projects are focused on augmenting the capabilities of the workforce, and AI is transforming many jobs, leading to moderate or substantial changes in roles and skills. Also AI empowers employees to make better decisions, and it will increase job satisfaction.  Perhaps the biggest advantage could be new ways of working that blend the best of what machines do with human experience, judgment, and empathy. AI-based augmentation of workers will fuel new ways of working.

The combination of big data and blockchain technologies is unbeatable. The requirements and challenges of big data are perfectly met by blockchain technology with its ability to provide supreme transparency and security. The integration of blockchain with big data is the only way to improve your business analytics. The unique advantageous characteristics of blockchain provide clean and fraud-proof data at the end. This ability provides a golden chance for companies to get their big data analytics done in an efficient way. 

Blockchain is changing digital marketing in a disruptive way, potentially wiping out a whole new generation of companies built on its very existence. The real impact of blockchain in digital marketing is not just in the new use cases being developed. It’s in how those use cases will impact entire systems that have popped up as a way to manage the digital marketplace. In a time when digital marketing seems to be changing and growing by the moment, blockchain is changing digital marketing in disruptive, perhaps even irreversible ways.

AR and VR are not new, and in retail/e-commerce projects tend to land in one of two buckets: virtual reality and items in physical space. Image recognition paired with AR content can assist in-store shoppers to bypass clunky and complicated mobile navigation. If you want your AR or VR project to be successful it must add value to the customer; be it education, entertainment, or any type of utility,  and encourage either a purchase, a repeat visit or positive brand impression. 

It has been a long time in the making, but the technology for AI that can write code has finally arrived. In the same way that automation has revolutionised software delivery, AI for code promises to drastically improve the way developers interact with legacy systems. It offers an efficient way—arguably, one of the only viable ways—to upgrade core business applications,  speed up the software delivery lifecycle and remove the costs of legacy code.

The cyber security industry is one with many open doors for those who either have the experience or the drive to gain it. Between rising cybercrime activity and more exacting laws and regulatory standards, the demand for skilled and knowledgeable cybersecurity professionals in 2019 continues to rise. However, it’s not just about just traditional training and education, being successful in the field also often involves. Tips How to get the cyber security job you want or to move up in your existing cyber security career

DataOps is a collaborative data manager practice, really focused on improving communication, integration, and automation of data flow between managers and consumers of data within an organization. DataOps is first and foremost a people-driven practice, rather than a technology-oriented one. DataOps is like the DevOps version of anything to do with data engineering. While still in its very early days, data engineers are beginning to embrace DataOps practices. Having a DevOps structure in place can ensure DataOps success

Today, we take automated fingerprint comparison, rapid DNA testing, and other tools for granted. But the technological march in forensics is far from over. With consumers more aware than ever of the value of their data and privacy issues, law enforcement needs new tools to fight these new crimes. That’s where AI can help—by using modern tools to solve modern crimes. Here’s what we can expect from artificial intelligence (AI) and its role in preventing and solving crimes of the future.

It is true that our perception of Artificial Intelligence is formed under the influence of mass culture with all its dreams and fears. Of course, AI plays an increasingly important role in our life and we’ll see tremendous improvements in technology in the following years, but in its essence, AI is a tool. It helps us to enhance our abilities, just like normal computers, or calculators, or a pen and a paper that improve our memory. So, we are, and will be, in charge of what to do with this tool.

How does a company transform its business model midflight, while at the same time competitively operating legacy businesses in order to provide stability and cash flow? AI can help you better understand what is truly driving value in your company. This is hard work, because it requires you to be data driven. Once you get your team and tools together, it’s time to begin the journey of real transformation using AI-driven insights to power platform business models.

Banks have access to enormous amounts of data about their customers, but due to multiple constraints this data is not yet sufficiently converted into useful insights. With competition in the financial services sector getting fiercer, banks need to adopt a data-driven approach if they want to stay competitive. As opportunities for incumbent banks and insurers from these insights are almost unlimited, Big Data will be a strong differentiator in the future competitiveness of financial institutions.

Technology is expected to change travel mostly by making it more convenient. In the future, travelers on business trips will spend less time going through security and more time collaborating with coworkers. Travel plans will be custom-tailored for both individual travelers and the company they work for. And all of these changes could accelerate as mobile devices and WiFi become even more ubiquitous and technology like 5G radically increases mobile connection speeds.  These will cause the biggest changes in business travel and may even redefine what a business trip means.

A batched or scheduled approach needs to be considered as complementary and this too can incorporate AI and ML in how decisions are made and actions are taken. The technology has the power to execute for most use cases today, perhaps not at massive scale and perhaps in very specific and possibly narrow or as ‘weak AI’ propositions but these may just be the starting point for what Amazon's Jeff Bezos considers the AI Golden Age.

Container technologies have matured and will gain large-scale enterprise adoption in the next few years. Containers will offer you choice and control, which is very important as you decide when to scale or shift workloads in order to maximise performance and drive cost efficiencies. While change is always uncertain and can be perceived as increasing complexity, done correctly containers offer significant value as you progress your digital strategies. Resisting containers will not just affect your competitiveness it will hinder your ability to shape your IT strategy according to the needs of your business.

Today and well into the coming years, the survival of companies and the ability for humans to meet their material needs will increasingly rely on clean, well-operated, low-waste supply chains. Smart technology is now inescapable for warehouses. The benefits are just the start of what’s possible when companies take even modest steps into the future. Let’s look at some of the constituent components of a smart warehouse and find out how each one contributes to the larger goal of a more stable and efficient supply chain.

Artificial intelligence or AI, the phrase/acronym gets banded about an awful lot. In fact, many experts in AI don’t even like the term, they much prefer to use the words machine and learning, or ML. Delve deeper, and you come across many more terms, neural networks, deep learning, natural language processing and random forests. The trouble is, to a lot of people, the phrase artificial intelligence conjures up images of machines, ruling the world. The reality is very far from this vision of science fiction.

Put the finishing touches on your Data Science skill set by understanding the business perspective. This post explores the Fundamental Business Equation that each Data Scientist should understand. The content aims at educating technical Data Scientists who wish to have a tangible impact through their work. Find out which role Machine Learning can play in your company and how to find opportunities. The goal of a business is to make money, and Data Scientists are hired to help the company achieve this goal. How do you define “making money”?

As we continue to learn about the unique security threats of deep learning algorithms entail, one of the areas of focus are adversarial attacks, perturbation in input data that cause artificial intelligence algorithms to behave in unexpected (and perhaps dangerous) ways. Researchers are working on ways to build robust AI models that are more resilient against adversarial examples. Protecting deep learning algorithms against adversarial perturbation will be key to deploying AI in more sensitive settings.

Predictive analytics is one of the most important tools we have for putting humanity’s zettabytes of data to work for us. The widespread use of data in predictive analytics brings some new types of risks that should be on our radars, as well. The governments of the world are, rightfully, becoming more involved in the politics of privacy, for example. Here are four industries finding consequential ways to put this tech to good use.

Strategic investments in artificial intelligence, machine learning, and other associated technologies are becoming almost mandatory for agencies that want to stay ahead of the technological curve. It makes far more sense for the government to buy commercial technologies rather than build them. In addition, employees, both existing and potential new recruits, must factor into tech decision-making processes for the future. Here are tips from CIOs on where to use AI and emerging technologies.