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5 AI Trends Profoundly Benefitting Business Bottom Lines

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Expert cites machine learning advancements creating immediate, actionable value to drive data literacy, elevate cognitive insights and increase profitability in kind

In today’s tumultuous business-scape amid increasingly intricate, and often vexing, marketplace conditions, curating and mining data to drive analytics-based decision making is just no longer enough. For competing with maximum, sustained impact and mitigated opportunity loss, it’s rapidly monetizing data that’s now the name of the game—particularly when spurred by artificial intelligence (AI). Indeed, emerging AI methodologies are helping forward-thinking companies achieve and sustain true agility, fuel growth and compete far more aggressively than ever before.

AI is critical as a means toward those ends and also certainly with respect to aptly predicting, preparing and responding to prospective crises as with the COVID-19 pandemic the globe is currently immersed in. In fact, Gartner  recently cited the need for “smarter, faster, more responsible AI” as its No. 1 top trend that data and analytics leaders should focus on—particularly those looking to “make essential investments to prepare for a post-pandemic reset.” Novel coronavirus matters aside, Gartner underscored just how impactful AI will become, predicting that, “by the end of 2024, 75% of enterprises will shift from piloting to operationalizing AI, driving a 5X increase in streaming data and analytics infrastructures.”

“To innovate their way beyond the post-COVID-19 world, data and analytics leaders require an ever-increasing velocity and scale of analysis in terms of processing and access to succeed in the face of unprecedented market shifts,” said Rita Sallam, Distinguished VP Analyst, Gartner.

However, employing AI techniques like machine learning (ML) and natural language processing (NLP) to glean insights and render projections is simply no longer “enough” to get the job done—especially for organizations seeking to compete efficiently on a national, multi-national or global scale. Today’s organizations must endeavor toward a culture of AI-driven data literacy that directly and positively influences their top and bottom lines.

“To help data monetization-minded enterprises better future-proof their operations and asset-amplify their data value chain, there are a few key ways to implement and elevate machine intelligence so that it’s far smarter, faster and more accountable than protocols past,” said Microsoft alum Irfan Khan, founder and CEO of CLOUDSUFI—an AI solutions firm automating data supply chains to propel and actualize data monetization.

Below, Khan details five benefits of leveraging AI data-driven insights and technology in a way that will create actual and actionable value right now—the kind of insights that enable new and evolved business models and empower companies to increase both revenue and profitability.

Manifesting new market opportunities

Today’s machine learning capabilities allow people to sift through data that previously could not be accessed, all at speeds faster than ever before. Present technology offers the opportunity to wholly analyze image, spoken or written inputs rather than just numerical, helping companies better find connections across these diverse data sets. This generates and maximizes value in a number of ways. Relative to the bottom and top lines, not only can it significantly reduce expenses, but it can also create new market opportunities. With COVID-19 as one recent example, algorithms speedily sifted through an extraordinary amount of data to identify diseases and potential cures that presented as similar, which allowed those methodologies to be readily tested against the coronavirus.

Machine learning advancements also help companies better monetize their data and establish new revenue streams. In the above example, of course patient information would not be shared or sold in any way, but other highly valuable data points can be gleaned. This includes determining that a certain drug is only effective on woman between certain ages—critical insights for pharmaceutical developers and physicians.

Emerging AI data processing protocols are far more rapid than prior iterations of machine learning technology, as are the resulting solutions, discoveries and profit-producing results thereof.

Today’s machine learning capabilities allow people to sift through data that previously could not be accessed, all at speeds faster than ever before. Present technology offers the opportunity to wholly analyze image, spoken or written inputs rather than just numerical, helping companies better find connections across these diverse data sets. This generates and maximizes value in a number of ways. Relative to the bottom and top lines, not only can it significantly reduce expenses, but it can also create new market opportunities. With COVID-19 as one recent example, algorithms speedily sifted through an extraordinary amount of data to identify diseases and potential cures that presented as similar, which allowed those methodologies to be readily tested against the coronavirus.

Machine learning advancements also help companies better monetize their data and establish new revenue streams. In the above example, of course patient information would not be shared or sold in any way, but other highly valuable data points can be gleaned. This includes determining that a certain drug is only effective on woman between certain ages—critical insights for pharmaceutical developers and physicians.

Emerging AI data processing protocols are far more rapid than prior iterations of machine learning technology, as are the resulting solutions, discoveries and profit-producing results thereof.

Reconcile emotions with actualities

Data generates value, which leads to the generation of money. It’s that simple. Previously, it was difficult, if not humanly impossible, to sift through mass amounts of data and pinpoint relationships. There existed very rudimentary tools like regression and correlation, but today’s analytics call for gaining a true understanding of what extracted data actually means. How do you convert data into a story you can actually tell? Often, decisions are made based on emotional foundations. Leaders are using data to either validate their gut or disagree with their instincts. Now, they are getting quicker insights that decisively validate or invalidate their thinking, while also prompting them to ask new questions. So, garnering meaning out of a company’s own data provides tremendous advantages.

“Human nature is such that unless we can see it touch it feel it, it’s hard to understand it,” Khan says. “We as data scientists haven’t done a really great job of explaining AI-driven data technology in simple terms. Telling a story with data or demonstrating actual results is where real power and understanding lies.”

Scale statistical models for actionable models

We often separate our data as factuals, asserting “this is what happened.” Neural networks connect the “human decision-making process” to those factuals—a simulation practice that helps us make better decisions. Previously, we would look at data sets like demographics, customer behaviors and such in silos. But when these multiple data sets are connected, it becomes quite evident that no two humans—or customers—are exactly alike.

Technology is now allowing us to understand trends on a factual level and then project outward. In the health realm, some companies are using this key learning to project whether or not a person is likely to suffer a certain affliction. It’s also allowing for far more efficacious “if this then what?” scenarios. If a diabetic person takes insulin controls, then their diet the treatment protocol will change. This is enabling highly personalized medicine. But the same processes, principles and benefits hold true in non-health categories as well—encompassing all industries, across the board.

Future-proof, anti-fragile data supply chains

From data connectors to pipelines; data lakes to statistical models; AI to Quantum; visual storyboards to data driven automation; ML to NLP to Neural Networks and more, there are highly effective methods for future-proofing your data value chain. The data supply chain is quite complex and, to make it future-proof and non-fragile, it requires thoughtful processing from the point of creation to the point of consumption of actionable insights.

It starts with data acquisition—garnering a wide variety and volume of data from a number of internal and external sources where data is being generated by the millisecond. Once the data is identified and ingested, it needs to bring to a central point where it can be explored, cleansed, transformed, augmented and enriched and finally modelled for use toward a purpose. Then comes statistical and heuristic modeling. These models can be of different types using different algorithms yielding different levels of accuracy in different scenarios. Models then need to be tuned and provided an environment for continuous feedback, learning and monitoring. Finally, is the visualization of outcomes—an explanation demonstrated by drawing cause-effect relationships that highlight where the most impact happens. This leads to a conclusion on how a set of problems can be solved or opportunities uncovered.

“Most organizations have some data and drive different levels of business process improvement and strategic decisions with it,” Khan notes. “However, few use data to the fullest. The right approach to data valuation and monetization can uncover limitless possibilities, including customer centricity, operational efficiency, competitive advantage, strategic partnerships, efficient operations, improved profitability and new revenue streams.”

Multimedia monetization

Up to now, we have been able to write algorithms, generate immense amounts of numerical or written data and make sense of it. However, there is a significant amount of data that comes as images or voice, which has not been easy to process and manage until recent developments. The applications for the processing of visual and auditory inputs are endless.  In fact, retail and finance industries have been early adopters of this technology—and with good reason. They’ve seen costs go down, engagement go up, sales increase and benefitted from other highly substantial points of monetization.

Now, a large department store can digitize their video data every night and determine that “X” amount of people saw “X” number of jeans, but they had to walk further to get to it.  As a result, the department store can put those items closer to the door and walkways to determine if sales increase in kind.

Even the education realm is tapping AI-driven data. The technology is tracking retina movement to discern if kids are engaged amid the remote learning paradigm ushered in by the pandemic. They’re exploring how to measure the retina to determine whether or not a child is actually engaged in the lesson.

In radiology, they are starting to convert visual data and track it to gain a deeper understanding of digital images and video. MRIs are better able to track brain tumors—whether they are growing or shrinking and at what rate and if they are getting darker or lighter in terms of the regions. This kind of AI-driven learning is helping doctors better detect cancer and treat it more rapidly. Video data processing of the human eye can also be used to determine if a person is drunk, fatigued or even has a disease. Voice machine learning has also keenly evolved. Originally, voice recognition was being utilized to discern if a person was actually suicidal, which could be accurately predicted by inflection points in a person’s voice. Now, if that person can be captured on video, it is deemed to be about 20 times more accurate.

“All of this possibly had previously demanded a hefty price tag using systems and solutions of yore,” Khan notes. “Today, integrating multiple processes across hybrid multi-cloud environments has made data processing and analytics much more accessible and outsourceable. This negates the need for companies to purchase cost-prohibitive servers and other machine hardware.”

As one of the world’s leading experts on building transparency into supply chains, Khan doesn’t just talk the talk, he’s walked the walk. As a revered marketplace change agent, he’s known for driving business transformation and customer-centric turnaround growth strategies in a multitude of environments. In addition to engineering partnerships with MIT, Khan has successfully led organizational changes and process improvement in markets across the Americas, Europe, Middle East and Asia.

“New AI solutions and trends will eliminate patchwork processes that cause data, and interpretations thereof, to get lost in translation or, even worse, remain entirely undiscovered,” Khan says. “Next-Gen platforms are solving such problems by executing all functions required to create and govern AI products— single-source systems that pull data, transform, model, tunes and recommend actions with cause-effect transparency.”

For niche players, today’s leading-edge AI technology also aptly provides for vertical industry specialization. “Emerging solutions enable common data models, compliance and interoperability requirements that, in turn, accelerate model validation, refinement and implementation that’s specific to a given sector or marketplace,” notes Khan. “All of this ultimately drives speed to insights on previously unsolved problems, which reveals untapped opportunities and automates workflow integrated cognitive solutions.”

“Overall, AI is ushering in a new and more sophisticated era of data literacy,” he continues. “It’s a new paradigm founded on automated, comprehensive and holistic data discovery, which is fostering elevated cognitive insights and actionable strategies that positively impact the top and bottom line.”

Perhaps the future mandate for AI should not only focus on becoming smarter, faster and more accountable than predecessors, but actually bridge the gap between human intuition and data-backed decisions. Doing so will assuredly advance an organization’s ability to transact with utmost trust.

~~~

Forbes Business Council Member Merilee Kern, MBA is an internationally-regarded brand analyst, strategist and futurist who reports on noteworthy industry change makers, movers, shakers and innovators across all B2B and B2C categories. This includes field experts and thought leaders, brands, products, services, destinations and events. Merilee is Founder, Executive Editor and Producer of “The Luxe List” as well as Host of the nationally-syndicated “Savvy Living” TV show. As a prolific business and consumer trends, lifestyle and leisure industry voice of authority and tastemaker, she keeps her finger on the pulse of the marketplace in search of new and innovative must-haves and exemplary experiences at all price points, from the affordable to the extreme—also delving into the minds behind the brands. Her work reaches multi-millions worldwide via broadcast TV (her own shows and copious others on which she appears) as well as a myriad of print and online publications. Connect with her at www.TheLuxeList.com and www.SavvyLiving.tv / Instagram www.Instagram.com/LuxeListReports  / Twitter www.Twitter.com/LuxeListReports / Facebook www.Facebook.com/LuxeListReports / LinkedIN www.LinkedIn.com/in/MerileeKern.

Sources:

Louis Philip was born in Greece, raised in Germany, educated in England and now resides in Canada. He has been writing since learning to read. He had published and has appeared in anthologies.

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Virtual Numbers for Small Businesses: Affordable Solutions for Enhanced Communication

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Virtual phone numbers have become popular all over the world. They are popular because virtual phone numbers are practical and provide a wide range of benefits. There are several significant variations between a virtual number and a regular number, and there is no direct connection between a virtual number and a telephone.

Small businesses can quickly and affordably enhance their business by using virtual phone numbers. As it helps to maintain a professional image, the majority of small business owners are choosing a virtual number for customer care solutions. Here are the reasons why virtual phone number India can be an affordable solution for small businesses:

Virtual numbers are economical for startups and small companies

What financial savings may your company expect from a virtual phone number? The first thing is that there are no additional tools or equipment are initially required. Second, unlike mobile phone plans, you can pick and choose the functions you need, saving you money on extras your team won’t use.

A virtual number will assist you with customer retention, which will increase income and is the third reason to get a virtual number.

Establish local presence

Most existing and prospective clients prefer to contact a local vendor for their needs. No matter where they are physically located, small businesses can create and maintain a strong local presence by using virtual phone numbers.

Choosing a local virtual call phone number gives businesses the opportunity to add customization. Using a virtual phone number has other benefits, like handling increased call volume because people are more likely to call a nearby company than one located miles away.

Keep personal communication and business separate.

Your personal cell phone number should be kept private if you don’t want others to know it. This is specifically true if you want to publish a phone number for your company online.

With a virtual number, you can manage both your friends and family’s direct cell numbers from the same device. You can do it while also having a separate phone number for your business contacts.

Virtual numbers are more than just a number.

The best thing about virtual Indian number is that they come with more high-tech and sophisticated functions than your regular number. There are many other services that come with virtual phone lines, including call forwarding, sophisticated conference tools, SMS and email notifications, comprehensive customization, etc.

You can also easily get voicemail service in addition to a variety of other helpful features with efficient business solutions.

Maintain a level of privacy.

It is not always easy to communicate with coworkers or business partners using personal phone numbers. But with virtual phone numbers it is easy to be connected to a personal number without compromising privacy.

For lone proprietors who want to operate a business while keeping their home numbers confidential virtual numbers can work incredibly well.

Choosing a virtual phone service: Things to take into account

Getting a virtual phone number is not too difficult. But when getting ready to get one or more for work, there are several important things to consider:

Free telephone numbers: A virtual phone number is a freebie that some service providers give to subscribers. As part of an upgrade or add-on, you can also get multiple free numbers.

Use and access: To make sure that business numbers are used properly and by the appropriate persons, it is important to keep track of usage and access. Most services come with extras that let you better track phone line usage and make sure everything works as it should.

Pricing and overall value for the money: For getting a virtual number, there are several economical choices available. The service that will provide you with the best value for your money is the one you should choose. While a free service might be adequate for a very small business, a larger corporation would need to look around for options that offer the best integrations.

Final thoughts

Small businesses benefit from using virtual phone numbers as they enable them to reduce unnecessary costs and improve overall performance. The virtual mobile number India also offers a lot of sophisticated and advanced features to small businesses. So, consider getting a virtual phone number for your company if you want to improve effectiveness and make it simpler for customers to contact you.

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USAII® Launches Groundbreaking AI Leadership Certification Program

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Stamford, CT, July 19, 2023 – The United States Artificial Intelligence Institute (USAII®) is proud to announce the launch of its highly anticipated AI Leadership Certification Program – Certified AI Transformation Leader (CAITL™). A cutting-edge initiative designed to equip business leaders and decision-makers with the skills and knowledge required to lead in the dynamic world of Artificial Intelligence (AI).

In a world where AI technologies are transforming industries and shaping economies, the need for visionary and adept leaders is more critical than ever. The USAII’s CAITL™ Certification Program is designed to address this demand by equipping executives, managers, and decision-makers with the expertise to harness the full potential of AI for their organizations and society as a whole.

As an AI Leadership Certification Program, the CAITL™ certification offers a comprehensive curriculum that covers a wide array of essential AI-related subjects. Participants will gain insights into cutting-edge AI strategies, ethical considerations in AI implementation, AI governance, and its implications on privacy and security.

“This certification program represents a significant milestone for USAII® and the field of AI leadership. Our aim is to foster a new generation of forward-thinking, responsible, and strategic leaders who can leverage AI to drive positive change and innovation across various sectors,” said Mr. Ajit K Jha, President and CEO, EdTechDigit Innovations, the worldwide logistics and marketing partner of USAII®.

Key program highlights include:

1. Comprehensive Curriculum: A robust and up-to-date curriculum designed by leading AI experts covers everything from AI fundamentals to strategic applications.

2. Live Masterclass: Seasoned professionals and renowned AI influencers will lead the masterclass, providing participants with a wealth of knowledge and practical insights.

3. Real-world Use Cases: Participants will have the opportunity to learn with real-world AI use cases, allowing them to apply their learning and gain relative experience.

4. Self-paced learning: The program offers both online and self-paced learning formats, enabling professionals from across the world to access this transformative education.

Registrations for the CAITL™ Certification Program are now open, and interested business leaders and decision-makers can find more information on the USAII website (www.usaii.org).

About USAII®

The United States Artificial Intelligence Institute (USAII®) is the world’s leading Artificial Intelligence certifications provider for aspiring professionals and leaders at any stage of their career, organizations, institutions, academia, or governments, looking to upskill and reskill their expertise in the ever-evolving Artificial Intelligence domain. USAII® provides self-paced, and the most powerful Artificial Intelligence certifications designed perfectly to empower the highly demanding skills of an Artificial Intelligence professional.

For Media Contacts

Team – Marketing and Communications

United States Artificial Intelligence Institute (USAII®)

Email: [email protected]

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The Power of PE Twine: Why it’s Ideal for Fishing and Sports Netting

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Introduction

PE twine, also known as polyethylene twine, is a material that is very adaptable and long-lasting, making it ideal for use in a wide range of applications that take place outside. PE twine is the ideal material for the task at hand, whether you’re an experienced fisherman who wants to haul in a huge catch or a sports fan who wants a dependable solution for sports netting. Both of these scenarios call for the use of the material. Because of its strong strength as well as its resistance to abrasion and ultraviolet radiation, it is an excellent material for use in severe outdoor situations. In the next article, we will go over the many advantages of PE twine, as well as its applications in fishing and sports netting, and explain why it is regarded as one of the top materials for usage in these contexts. Also, by partnering with PE twine manufacturers, businesses can obtain a reliable and durable product that enhances efficiency and productivity in their operations.

Introduction to PE Twine and its versatility

1.      The malleability and versatility of PE twine is one of the primary factors that has contributed to its widespread use. It is simple to operate and can be woven into a variety of various types of nets, which enables the production of bespoke nets that are suited to certain requirements. PE twine is a versatile material that can be used for a variety of purposes, making it an excellent option for anybody searching for a robust and dependable fishing net, such as a professional fisherman, or a sports fan in need of a long-lasting net for their favorite sport.

2.      The durability and resilience to abrasion offered by PE twine is highly valued by anglers because it enables them to construct fishing nets that are up to the task of enduring the rigors of capturing fish in a variety of environments. It has outstanding knot strength, which enables safe and durable connections to be made between the twine and the many other components of the net. PE twine is ideal for use in applications that take place outside because to its high level of resistance to ultraviolet light (UV), which enables it to tolerate lengthy exposure to sunlight without suffering substantial deterioration.

3.      PE twine shines just as brightly in the realm of sports netting as it does everywhere else. Because of its great tensile strength, it may be used to make nets that are durable enough to resist severe hits from balls or other objects, so providing both safety and durability. PE twine offers players and athletic facilities the kind of dependability and durability that is essential for participation in sports like soccer, baseball, and tennis, as well as other activities that need the use of a net.

4.      Materials from By partnering with PE twine manufacturers can give huge benefit to, businesses who can obtain a reliable and durable product that enhances efficiency and productivity in their operations. It has a well-deserved reputation for hardness and durability because to its remarkable resistance to fatigue and flexibility, both of which contribute to its great reputation. Because of its superior insulating capabilities, polypropylene is a material that may be used without risk in the production of electrical products and cable sheathing. In its fiber form, polypropylene has a broad range of applications that include not just being beneficial for fishing but also for a large variety of other items, such as ropes, twine, tape, carpets, furniture, clothes, and camping gear. These applications are not restricted to only fishing, though. Because of its water resistance, it is particularly useful for applications in the maritime industry.

5.      Last but not least, all of PE Twin materials and upholstery textiles not only make furniture seem nicer but also shield it from damage caused by daily use. They are simple to modify, which makes it possible to quickly refresh the appearance of a space or adapt it to evolving preferences. Therefore, the next time you come across these things that at first glance seem to be unremarkable, give some thought to the great potential they possess and the myriad of ways in which they may make your life simpler and more joyful.

FAQs:

Q. What is PE twine, and why is it ideal for fishing and sports netting?

A. PE twine, short for Polyethylene twine, is a durable and versatile material made from high-density polyethylene fibers. It’s an excellent choice for fishing and sports netting due to its strength, resistance to environmental factors, and overall performance in demanding conditions.

Q. What are the key advantages of using PE twine in fishing nets?

A. PE twine offers exceptional tensile strength, making it capable of withstanding the stresses of fishing environments. It also has low water absorption, UV resistance, and high abrasion resistance, ensuring the longevity of fishing nets even when exposed to harsh weather and marine conditions.

Q. How does PE twine contribute to sports netting applications?

A. In sports netting, PE twine excels due to its superior strength-to-weight ratio. This makes it a reliable choice for constructing nets for sports like soccer, baseball, and tennis. It can endure high-impact hits and prolonged exposure to sunlight without compromising its performance.

Q. Is PE twine suitable for both freshwater and saltwater fishing?

A. Yes, PE twine is suitable for both freshwater and saltwater fishing. Its resistance to water and salt ensures that it maintains its strength and durability over time, making it an excellent choice for various fishing environments.

Q. Can PE twine withstand exposure to sunlight and UV rays?

A. Absolutely, one of the remarkable properties of PE twine is its resistance to UV degradation. This means it can withstand prolonged exposure to sunlight without weakening or breaking down, making it ideal for outdoor applications like fishing and sports netting.

Q. How does the diameter of PE twine affect its performance?

A. The diameter of PE twine plays a crucial role in its performance. Thicker twine tends to be stronger but may have increased drag in water or wind. Thinner twine might be more suitable for applications where minimal visibility is desired, but it could have slightly less strength.

Q. Is PE twine less prone to tangling compared to other materials?

PE twine has a relatively smoother texture compared to some other materials, which can help reduce tangling to some extent. However, proper net design and construction techniques also play a significant role in preventing tangling.

Q. Can I use PE twine for making intricate net designs?

A. Yes, PE twine can be used for creating intricate net designs due to its flexibility and knot-holding capabilities. It’s important to choose the appropriate twine thickness for the intricacy of the design to ensure optimal performance.

Q. Is PE twine easy to work with for net repairs and maintenance?

A. Yes, PE twine is known for its ease of use when it comes to net repairs and maintenance. Its knot-holding ability and resistance to fraying make it a convenient choice for mending damaged nets and extending their lifespan.

Q. Is PE twine available in various colors and sizes?

A. Yes, PE twine comes in a variety of colors and sizes to suit different applications. This allows for customization based on visibility needs, aesthetics, and specific requirements of fishing or sports netting.

Bottom Line

In summary, our blog article has elucidated the remarkable efficacy and adaptability of polyethylene twine in the context of fishing and sports nets. PE twine is a very suitable option for those who engage in angling or sporting activities, owing to its notable attributes of robustness, longevity, and capacity to withstand various weather conditions.

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