OodlesAI's blog

The advent of Artificial Intelligence (AI) in the food industry is streamlining the F&B supply chain. The technology can be used in more advanced applications to make food production more efficient, safe, and profitable. Advances in the field of genetic engineering, for instance, is leading to the production of crops and food products. The products are not only healthier for the consumers but also more easily cultivable for the producers. Similarly, the use of Blockchain improves food supply chain processes with increased visibility, security, and transparency.

Computer technology has always been a rapidly evolving field which outdates previous innovations in a short timespan. The advancements in computer technology range from wireless charging to the ever-increasing memory storage. Many digital trends have come and gone since the advent of smartphone technology. Nevertheless, artificial intelligence is an endowment of computer technology that has set a benchmark in the field of technological innovations.

Many of the leading organizations today are using the power of Artificial Intelligence (AI) to automate the decision-making process. Machine learning and deep learning, the two subsegments of AI are also reaching deep into the enterprise. They are enabling automation of many tasks that are now done manually, creating greater efficiencies, and reducing errors. Besides, machine learning offers valuable new insights into the massive amounts of data being generated.

From smartphones to smart homes, technology is redefining the way we live. The proliferation of IoT ecosystems and devices is enabling smart home automation on a massive scale. Setting up and controlling smart devices is now easier than ever. Using decision-making and reasoning, artificial intelligence provides a better solution for almost all automatic systems. The multiple benefits of smart home automation range from increased comfort and greater safety and security. Moreover, it ensures a more rational use of energy and other resources, allowing for significant savings.

From email correspondence and financial transactions to professional networking, technology plays a critical role in business operations. Unfortunately, our adoption of technology is subject to overcoming security challenges. An increasing number of cyber-attacks indicate that several businesses lack adequate protection against online threats. According to IBM, the average cost of a cybersecurity breach has been increasing and is now at $3,860,000. The company also estimates that the cost of each stolen record that has sensitive information in 2018 was $148.

The fourth industrial revolution has brought several drastic changes to supply chain management processes. With the advent of cross-industry IoT applications, supply chain and logistics operations are becoming increasingly complex. However, the widespread adoption of several innovative technologies has brought significant improvements in supply chain processes due to automation. Artificial intelligence (AI) is improving the management of inventory movements with advanced analytics and real-time tracking.

Industrial processes can be expensive and time-consuming for companies that don’t have the right tools in place for product development. As of today, machine learning has become more prevalent in the manufacturing industry as it accelerates the development cycle and reduces time-to-market. Besides, the use of machine learning technology significantly reduces labor costs, eliminates product defects, and prevents unplanned downtimes. Using ML in assembly processes is termed as smart manufacturing, wherein robots perform assembly functions with surgical precision.

As an organization grows, the amount of newly generated data also keeps growing. According to Forbes, 15 Exabytes of data was generated worldwide in 2005 and almost 1200 Exabytes in 2010. As of today, this figure has reached 2.5 quintillion bytes. At this pace, the global data volume is expected to grow up to 44 zettabytes by the year 2020. Traditional data management systems cannot cope with the rising volume of data. Several leading enterprises that generate large chunks of data cannot rely on traditional document management systems (DMS).

Facebook’s reputation as one of the top social media platforms makes it an ideal marketing channel for consumer businesses. Apart from Facebook business pages and ads, brands can now use Facebook Messenger bots to keep customers engaged. They can avail chatbot messenger app integration services to maximize the benefits Facebook provides with its bot feature.

Less than three decades ago, the banking industry experienced disruption with the digitization of multiple processes. It was sparked by the proliferation of desktop PCs, fast processors, and the advent of the internet. With further advancements in banking technology, customers were able to review their financial transactions, check account balances, and pay bills according to their convenience. The next wave of transformation in banking is led by AI technologies.