AI: AI is about machines simulating human intelligence.
The machine intelligence arena holds secure growth prospects, attributable to which, the key players are focusing on developing an integrated solution including hardware and software. Furthermore, to expand their customer reach, several vendors have collaborated with distributors and end users for product distribution. The increasing prominence of parallel processing applications is leading to increased adoption of the technology in scientific disciplines such as artificial intelligence and data science. Organizations are utilizing artificial intelligence to extract valuable insights from data for providing innovative products and improving customer experience; thereby, increasing revenue opportunities.
Artificial Intelligence is gaining prominence due to its complex, data-driven applications such as voice and image recognition. It offers a great investment opportunity, as it can be leveraged over other technologies to overcome the challenges of high data volumes, high computing power, and
improvement in data storage.
The rapid adoption of virtual intelligence/ AI in end-use industries such as retail, healthcare, and automotive is expected to augment market growth over the forecast period. Organizations are making investments to incorporate artificial intelligence capabilities into their product portfolio.
In November 2016, SK Telecom announced that it had signed an agreement with Intel Corporation to develop the vehicle-to-everything (V2X) technology and video recognition based on artificial intelligence
It’s a no-code or low-code approach
Many organizations have a hard time applying machine learning in business processes, as there is no proper way to integrate machine learning algorithms with the rest of the business logic. With Process Studio, we are providing a solution to combine these two seamlessly and easily create artificially intelligent automated business and IT processes.