Search Results for: Natural Language Processing – Business Applications

Episode Summary: Natural Language Processing (NLP) can be applied to tasks such as customer service handling or in chatbots to answer fact based questions. Another emerging application for NLP is in content marketing and content production.

Artificial intelligence has found its way in different areas in the entertainment industry from offering customized recommendations on your Friday night movies (as in the case of Netflix) to delivering sports match highlights during live TV coverage. In the latter, this was made possible in the 2017 U.S. Open Tennis Championships when IBM Watson Media used its AI tool to showcase play highlights right after they occur.

The following article has been written by Josh Sutton, Global Head, Data & Artificial Intelligence at Publicis.Sapient. Publicis is one of the world's largest. Editing and formatting added by the Emerj team. For information about our thought leadership and publishing arrangements with brands, please visit our partnerships page.

The Indian telecom sector has been going through consolidation phase with the major players vying for the lucrative data services market, which is estimated to be worth 950 billion rupees by 2020, growing at a compounded annual rate of 21 percent, as per a report from Business Line. Bharti Airtel has consolidated its position as the No. 1 player with its acquisition of Tata Teleservices’ mobile business and Vodafone’s acquisition of Idea will really change the pecking order, the report suggested.

Depression is a leading mental disorder impacting about 16 million Americans. According to the World Health Organization, the annual global economic impact of depression is estimated at $1 trillion and is projected to be the leading cause of disability by 2020.

Diabetes is a leading chronic disease that affects more than 30 million people in the United States. The disease results from high blood glucose (blood sugar) due to an inability to properly derive energy from food, primarily in the form of glucose. Insulin is a hormone that normally helps process glucose in the body. However, in the case of diabetes, insulin is inadequate (Type 2 diabetes) or obsolete (Type 1 diabetes).

The healthcare analytics market continues to gain traction as the healthcare industry transitions to a value-based care model. Value-based care focuses on quality of care delivery as opposed to volume of patients served. There are great opportunities for data analytics due to the high volume of information that must be routinely collected, tracked and interpreted, particularly in the hospital setting. Examples of value-based care programs in the hospital setting include the Hospital Value-Based Purchasing (HVBP) Program and the Hospital Readmission Reduction (HRR) Program.

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.

Episode summary: In this episode, we talk to Murali Aravamudan, Founder and CEO of AI-driven drug discovery startup Qrativ, a joint venture by the Mayo Clinic and biotech/data science firm nference. Murali and I discuss the surge of medical information and data in the medical industry, the role of artificial intelligence in developing drugs for treatments to various diseases, and the future of AI in drug discovery.

eCommerce is a bustling segment of the retail industry representing an estimated $102.7 billion or 8.3 percent of total U.S. retail sales in 2016. Total retail trade was approximated at 5.9 percent of the national GDP in 2016. As digital transactions become the standard method of purchasing goods and services, leading eCommerce firms are exploring how AI can enhance brand competitiveness and customer loyalty.