Search Results for: Natural Language Processing – Business Applications

The following brand partnership article was written by BIS Research analyst Rahul Papney, and edited by Raghav Bharadwaj of Emerj. For information about our advertising and publishing arrangements with brands, please visit our partnerships page.

Chatbots are gradually being adopted into the healthcare industry and are generally in the early phases of implementation. Market research firm Grand View Research estimates that the global chatbot market will reach $1.23 billion by 2025. This projected growth reflects a compounded annual growth rate (CAGR) of 24.3 percent.

While customer service is making its way to Facebook Messenger and other burgeoning platforms - a massive percentage of customer support inquiries are handled the way they have been for years: Over the phone or on chat.

The transportation domain is beginning to apply Artificial Intelligence (AI) in mission-critical tasks (for example, self-driving vehicles carrying passengers) where the reliability and safety of an AI system will be under question from the general public. Major challenges in the transportation industry like capacity problems, safety, reliability, environmental pollution, and wasted energy are providing ample opportunity (and potential for high ROI) for AI innovation.

Biometric solutions are typically used for security and access control across businesses and government organizations. The U.S. government has taken keen interest in biometric applications and has been aggressively funding advanced research programs in businesses that offer biometrics.

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.

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.

This article was written in partnership and collaboration with the IEEE. For more information about content partnerships visit the Emerj Partnerships page.

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.