AI Articles and Analysis about Business intelligence and analytics

The amount of data companies have on customers and the number of channels customers are using to interact with businesses have grown significantly in the past decade. Artificial intelligence may hold great promise in optimizing customer and client interactions.

Lending is a massive business in the United States which directly and indirectly touches almost all parts of the economy. With tens of millions of Americans holding loans worth trillions of dollars, any technology that can make even a small improvement in a company’s returns on the loans they hold, or that can improve their share of the market, would be worth a significant amount of money.

Talent sourcing and recruitment are at the center of developing and maintaining the U.S. labor force. The U.S. Bureau of Labor Statistics (BLS) projects that over the decade spanning from 2016 to 2026, the labor force will increase by 11.5 million. This increase is approximately equivalent to a 0.7 percent annual growth rate.

The U.S. music industry is an economic staple generating an estimated $7.7 billion in retail revenue in 2016, according to the Recording Industry Association of America. The year 2016 also marked the first time that music industry revenue was generated primarily from “streaming music platforms.”

Artificial intelligence companies continue to find ways of developing technology that will manage laborious tasks in different industries for better speed and accuracy. In the legal profession, AI has already found its way into supporting lawyers and clients alike.

Companies and cities all over world are experimenting with using artificial intelligence to reduce and prevent crime, and to more quickly respond to crimes in progress. The ideas behind many of these projects is that crimes are relatively predictable; it just requires being able to sort through a massive volume of data to find patterns that are useful to law enforcement. This kind of data analysis was technologically impossible a few decades ago, but the hope is that recent developments in machine learning are up to the task.

The U.S. Energy Information Agency (EIA) defines renewable energy as an energy source that naturally regenerates, such as solar or wind. In contrast, fossil fuels are considered finite. The EIA reports that in 2016, 10 percent of all energy consumed in the U.S. was derived from renewable energy sources. This is equivalent to roughly “10.2 quadrillion British thermal units (Btu) —1 quadrillion is the number 1 followed by 15 zeros”.

Episode Summary: This episode explores the ways in which artificial intelligence has the potential to revolutionize the field of medicine. This week's guest, Turbine.ai's Dr. Kristóf Zsolt Szalay speaks to this topic, discussing research that hopes to create automated learning networks and algorithms designed to predict the development of human cells in response to drugs. This technological innovation would make it possible for near-instantaneous simulations to be run, allowing optimal combinations and optimal doses of drugs to be pinpointed and distributed to patients.