AI Articles and Analysis about Process automation

Though in its nascency, the Indian banking sector is beginning to adopt artificial intelligence (AI). While large commercial and investment banks globally are incorporating AI and blockchain for both back-office and customer-facing purposes, in India, widespread adoption of these technologies has not yet come to fruition. 

Machine translation has significantly evolved over time, especially in terms of accuracy levels in its output.

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.

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.

The K-12 online tutoring market is a growing sector and is projected by market research firm Technavio to reach $120.67 billion by 2021. Growing numbers of students are taking college entrance exams such as the SAT and tutoring industry giants such as Khan Academy are helping students meet their test prep goals.

Food processing is one of the major manufacturing sectors in the United States. According to the United States Department of Agriculture, 16 percent of the value of shipments from all U.S. manufacturing plants comes from food processing plants. These plants employ around 1.5 million workers in this country.

The impact of AI on business and the role it may play in improving efficiency of operations and driving revenue is a main focus of the research conducted at Emerj. However, there are also a growing number of altruistic applications of AI that are being leveraged today.