AI, NLP, and ML: Game Changers Of The Business World

In this article, let's learn about AI, NLP and ML: Game Changers Of The Business World. 

Artificial Intelligence, Natural Language Processing, and Machine Learning have been in talks since the 1950s. With today’s advancements in technology, they are accepted with vast expectations. It is also pivotal to note that we live in an age where industries are transforming and readily accepting newer productive technologies. With digitization in pictures, AI, NLP, and ML are the building blocks of the tech world. It is seen that they rule current industries by providing them with various beneficial ways of achieving their goals.

Kimberly Silva, CEO of FindPeopleFirst, agrees with us and adds:

AI, ML, and NLP are drastically changing the way businesses operate. Every kind of business, from agriculture to marketing, benefits from these tools. NLP is mostly being used for customer service, content moderation, and translation. AI and ML are helping businesses in fraud detection, predictive analytics, image recognition, and natural language translation.

The advances in these skills have brought about many changes in the way businesses operate. These skills are now being used for inventory management, data analysis, and marketing. They are also being used to optimize the customer experience by analyzing past customer behaviors and providing personal recommendations.

For artificial intelligence, future developments are becoming more and more advanced as time goes on. Computers are starting to recognize objects in images, comprehend speech and translate it, and learn from their mistakes. For natural language processing, computers are starting to understand human speech better and are able to process a much wider range of words than before. Lastly, for machine learning, computers are getting smarter with the help of algorithms that allow them to learn information more quickly with each round of training.

These technologies are giving computers the ability to do tasks that traditionally require human intelligence. They can help transform the way we interact with technology, help us understand new and complicated topics, and make life easier for the people who use them.

Let us look into what AI, NLP, and ML are and their role in the business world.

AI – Artificial Intelligence

It is well known that Artificial Intelligence is in constant development. It develops smart machines that usually perform tasks that require human intelligence. Hence, the name Artificial Intelligence. The impact of Artificial Intelligence on businesses is difficult to quantify, as its value depends on the specific business and its needs. However, AI has the potential to dramatically improve efficiency and productivity in several areas, including marketing, sales, and operations. In some cases, AI can even be used to create new products and services. Ultimately, the value of AI depends on how well it can address the specific needs of a business.

There are many businesses out there that are getting tremendously benefited by making use of AI in the right places. Take the example of Siri, Alexa, and other smart assistants that are vastly used by many of us. Self-driving cars are fascinating to experience. You may be fed up with the number of spam emails you get by the end of the day, and to solve this issue, you can go for email spam filters that are developed based on AI techniques. Hence, AI is an integral part of businesses, and you can become a successful AI leader with the right AI Specialist Course.

Scott Winstead, Founder | Editor in Chief of MyElearningWorld, states,

 

AI has the ability to process large amounts of data and make decisions quickly, which is why it’s so valuable for businesses. With AI, businesses can automate processes and make better decisions based on data. AI has brought a number of positive changes to the business world. Some of the most notable changes include:

  • Increased efficiency: With AI, businesses can automate processes and speed up decision-making. This leads to increased efficiency and faster turnaround times.
  • Improved accuracy: With AI automating processes, businesses are able to make more accurate decisions based on data. This leads to better outcomes for businesses and their customers.
  • Greater competitiveness: With AI providing businesses with a competitive edge, they are able to stay ahead of the competition and maintain their position in the market.

Marcin Stoll, Head of Product at Tidio, continues,

 

Usually, when people think about such innovative topics as AI, ML, and NLP, they imagine spectacular technologies like talking humanoids (e.g., Sophie), flying drone swarms, or jumping robot dogs from Boston Dynamics. All these remarkable examples are powered by artificial intelligence, but many other mundane AI innovations change the lives of millions of people.

AI, ML, and NLP technologies are widely used in customer service; robocalls, chatbots, and other tools use them to contact customers and manage their interactions with the business. AI-powered software may step in and works for all repetitive processes, preventing excessive employees rotation in these positions.

Artificial intelligence is a game-changer for businesses because of its ability to learn and adapt to new conditions; it offers flexibility that is not guaranteed by traditional software. This cutting-edge technology allows enterprises to scale up their economic activities.

Case Study on How AI is Affecting Business

Ben Richardson, a Senior Software Developer at Cloud Radius, shares his experience on how AI technologies are changing businesses and states,

 

Expertise in using artificial intelligence software is among the most in-demand skills currently ruling the business world. Companies are consistently looking to automate their business processes to increase efficiency, productivity, and competitiveness. At the same time, they are looking for impactful ways of gathering, analyzing, and using data to improve customer satisfaction while bringing in more sales and revenue for the business. Here is where AI software tools come into play.

These tools rely on AI, ML, & NLP technologies as well as highly advanced, specially formulated algorithms to automate selected business tasks. Companies with personnel skilled in the use and application of these tools will be able to develop and deploy a variety of AI-based applications such as recommendation systems, AI-powered sentiment analysis, intuitive and conversational live chat systems, and AI-powered content marketing. All of these applications of AI software will benefit the businesses that are first adopters the most while disrupting entire industries and revolutionizing how business is conducted globally.

Christian Velitchkov, Co-Founder of Twiz LLC, shares his views on how AI is beneficial for sales and marketing teams,

 

Marketing is an area of business that has changed a lot over the years. It has become a lot digitally, and people are influenced by so many types of media like TV Commercials, social media, google ads, etc.

AI will effectively handle CRM and will enhance marketing. Sales and marketing teams can apply AI to get to know their customers more and offer an enhanced customer experience. AI will also enable providing tailored services on the basis of the customer’s preference.

E-tailers are now using AI for asking several crucial questions to their customers about their preferences, and on the basis of that, they provide a customized experience by showing the products or services that match their preferences.

This will also gather data about the customer choices and preferences, and it will allow the marketing team to develop products and marketing strategies that will work better. The data generated will help in increasing sales.

 

Pro Tip: There is a high demand for AI skills in the job market. Some of the most in-demand skills in AI include machine learning, natural language processing (NLP), computer vision, and deep learning. With the right set of AI skills, you can create a bright Career in Artificial Intelligence.

NLP – Natural Language Processing

Neuro-Linguistic Programming (NLP) is considered a model of communication and change developed in the 1970s by Richard Bandler and John Grinder. It is based on the objective that all human behavior can be explained in terms of three elements: neurology, language, and programming. NLP is considered a system for understanding how people think, communicate, and behave. It is a tool for change and a model for personal growth and development.

NLP has been shown to be productive in many business applications, including Leadership Management, Sales and Marketing, Customer Service, Team Building, Change Management, and more. In simple terms, NLP helps businesses in a variety of ways. One of the most important ways is to help businesses understand their customers’ betterments. It can help businesses better understand what customers want and need, and it can help them understand how customers think and feel. This understanding helps them serve their customers better and meet their needs. NLP can also help businesses understand their own strengths and weaknesses, and it can hint them how they can improve. Finally, NLP can help businesses better understand how they can change and grow. Check out this NLP Language Detection course.

Brent Hale, Chief Content Strategist at Tech Guided, agrees with us and states,

 

After AI and AI acquired conspicuousness, there has been a flood in organizations that needed to send an NLP-based chatbot that surveys, breaks down, and speaks with clients, very much like a human, for an unmatched encounter. Allow us now to comprehend what NLP chatbots are to know then the benefits they deal with organizations. We will likewise figure out how they help in defeating client assistance problem areas in correspondence.

Looking to improve your Natural Language Processing skills? Check out these NLP courses today!

Case Study on How NLP is Affecting Businesses

Brian Penny, Founder & CEO of Thought for Your Penny – a full-service media and content agency, shares how NLP is affecting their business,

 

We provide and negotiate written, audio, and video content across podcasts, social media, and tier 1 media outlets reaching large audiences. NLP and GPT-3 play a large role in my business.

We use NLP transcription programs to transcribe every media interview, podcast, and social audio room we do. This is crucial because an hour-long read on a written blog is not easy (nor cheap) to accomplish. But these transcripts lay a crucial foundation for creating stellar written content. A researcher is hired to turn it into actual blog posts formatted for the internet public.

Also, GPT-3 is great for social media posts, summaries, and pitches. They take away the workload to ensure we can submit quality metadata and posts with our quality content mined from other formats. This repurposing puts my agency in a place where we’re doing more consulting, research, and high-level work. AI is also used for our SEO efforts and social media scraping, and it’s a vital part of our overall tech stack.

Ross Spark, an SEO Specialist at Business Online Canada, shares his experience on how an SEO specialist can effectively utilize NLP for their aid,

 

SEO specialists that understand NLP can create more effective content and analyze competitor strategies. Additionally, NLP can help identify patterns in customer behavior that can be used to improve marketing campaigns.

Machine learning and AI specialists are needed to develop algorithms and models for decision support systems, predictive analytics, and natural language processing. Businesses are also looking for experts in big data management and data mining to uncover trends and insights.

SEO specialists using NLP techniques can increase website traffic by creating more effective and keyword-rich content. Additionally, machine learning can be used to predict customer behavior, preferences, and purchasing patterns. This information can then be used to create targeted marketing campaigns that are more likely to result in conversions.

SEO and NLP will continue to be in high demand as businesses work to improve their online presence and reach more customers. Additionally, machine learning and AI will continue to develop and become more widely used in business decision-making. This will result in increased efficiency and accuracy in areas such as marketing, sales, and customer service.

 

Pro Tip – Beginners interested in NLP can start learning it with the help of this Introduction to NLP free course offered by Great Learning.

ML – Machine Learning

Machine learning is known as a subset of artificial intelligence that enables computers to learn from data without being explicitly programmed. It is a powerful tool for businesses as it can help them make better decisions by understanding patterns in data. Machine learning can be used to predict customer behavior, forecast demand for products and services, and identify opportunities and threats. It can also improve the efficiency of business processes by automating tasks that computers can do.

Machine learning has been used for many years in various applications, including speech recognition, natural language processing, and computer vision. More recently, machine learning has been used to create predictive models for various tasks, including predicting customer behavior, forecasting financial markets, and detecting fraudulent credit card transactions. With this confrontation on its importance, it is better to gain advanced knowledge on Machine Learning through a Machine Learning Course. The novice who wants some basics can learn the Basics of Machine Learning from Great Learning Academy.

Case Study on How ML Affects Businesses

Jon Torres, a Digital Marketing Consultant & founder of Jon Torres, shares his experience based on his background in AI and ML for Digital Marketing,

 

The digital transformation happening right now means proactive digital marketers need to use fast, accurate, and up-to-date website analytics to move forward at a modern pace. Keeping up with those standards is a significant challenge.

Machine learning presents a great way to improve digital marketing automation by using modernized tools such as voice assistants that boast of specialized roles, CoBots that can easily interrelate with humans in streamlining processes as well as advanced behavior tracking for flawless marketing campaigns.

In-demand Skills of AI, NLP, and ML Ruling the Business World

Artificial Intelligence (AI), Natural Language Processing (NLP), and Machine Learning (ML) are in high demand in the business world. They are used to make processes more efficient and effective, and AI is used to automate decision-making processes. NLP is used to understand and interpret human language, and ML trains computers to learn from data and make predictions. All three of these skills make business processes more efficient and effective. They are also used to make businesses more profitable. In addition, they make businesses more competitive. Hence, businesses that want to stay competitive need to use AI, NLP, and ML as they are the in-demand skills of the business world.

Steven Walker, CEO of Spylix, adds,

 

The in-demand skills of AI, ML, & NLP are more complicated than before in the present business world. But on the other hand, these skills got us a lot of development in these sectors. With the help of these skills, we have done that could never be possible for a human being. These skills are: –

  1. Technical Knowledge of the Field.
  2. Emotional Intelligence & Communication Skills to transfer those thoughts.
  3. An effective way of critical thinking.
  4. Curiosity to find & grow more.
  5. Quick decision-making ability.

Lyle Florez, Founder of EasyPeopleSearch, further adds,

 

These days, AI limits are pursued across gaming experiences, progressed mechanics, face confirmation programming, weaponry, talk declaration, vision demand, star plans, and web crawlers. Modernized thinking and AI occupations have wound by close to 75% all through late years and are prepared to keep on making. Below are some in-demand skills of Ai, ML, and NLP ruling the business world:

Data orchestrating: The essential stage in AI progress is pre-overseeing and managing unrefined data made by your structures. For example, we should imagine an electronic store that offers a blend of things to clients from one side of the world to the next. This online store will make loads of data related to certain events.

Security: As in everything diagram, organizing security for AWS AI procedures is a critical task, especially considering how AI models need a huge load of data to be ready, and approval for that data should be given to maintain people and applications in a way.

Future Trends and Positive Changes brought by these skills into Businesses

Artificial intelligence (AI), natural language processing (NLP), and machine learning (ML) have been transforming businesses for the past few years. The impact of these technologies will only increase in the years to come. Here are some of the most critical ways in which AI, NLP, and ML are benefiting businesses:

AI can help businesses automate routine tasks.

AI can be utilized to automate repetitive and time-consuming tasks, which can help businesses save time and money. For example, AI can be used to automate the task of sorting through data.

AI can help businesses make better decisions.

AI can be utilized to make sense of large amounts of data, which can help businesses make better decisions regarding how to run their businesses. For example, AI can be used to predict customer behavior.

NLP can help businesses communicate with customers.

NLP can be used to understand natural language, which can help businesses communicate with customers more effectively. For example, NLP can be used to provide customer support.

ML can help businesses improve their operations.

ML can be used to improve the accuracy of predictions. This can help businesses improve their operations. For example, ML can be used to improve the accuracy of forecasts.

Geoff Cudd, Consumer Advocate & Owner of FindTheBestCarPrice, agrees with us and continues,

 

NLP, AI & ML possess the future developments & benefits are:

*FUTURE TRENDS OF NLP*
Natural language processing will be integrated into practically every part of life as we know it if there is one thing we can count on in the future. Because of integration across a wide range of products, from computers and refrigerators to speakers and automobiles, the past 5 years have been a steady burn of what NLP can achieve.

Humans, for example, have expressed more enthusiasm than disdain for the process of human-machine contact. In such a short time, NLP-powered tools have also demonstrated their worth.

These causes will lead to increased NLP integration: ever-increasing amounts of data generated in business dealings around the world, increased smart device use, and increased customer desire for better service.

The sky’s the limit when it comes to natural language processing. As technology becomes more ubiquitous and greater advancements in capability are explored, the future will see significant changes. Natural language processing, as a major component of artificial intelligence, will also contribute to the figurative invasion of robots in the workplace; thus, enterprises everywhere must start preparing.

*FUTURE TRENDS OF AI*
AI will keep driving significant innovation, which will drive numerous existing industries and may have the ability to spawn a slew of new ones, all of which will result in more employment being created. Humans, on the other hand, have generalized intelligence, which includes problem-solving, abstract thinking, and critical judgment skills that will continue to be valuable in the commercial world. Human judgment would be important, if not in every work, then at least at every level and across all industries.

*FUTURE TRENDS OF ML*
We constructed energy consumption forecast models for a cement mill at the plant using data science approaches and machine learning (ML) technology, which outperformed previous models. Based on the baseline method, the models use past sensor readings and operational data to estimate energy consumption, yielding a one-order-of-magnitude accuracy improvement for energy consumption prediction.

So far, the models developed have relied on data streams rather than first principles. Future research will use these concepts to increase performance in the development of hybrid process engineering models, generalize the technique, and enable analysis that can extract knowledge from data and assist decisions.

Hilda Wong, Founder of Content Dog, continues,

 

  1. Process automation is going to be one of the most basic and biggest changes in the business world caused by AI. Automation will enable reducing the time and effort required to perform routine tasks. This will allow employees to take up more productive work.
  2. AI will make marketing a more customized experience for the customers. With the help of AI, businesses will be able to understand the preferences of their customers, and it will enable them to provide a tailor-made experience to all the customers. Thus it will increase the effectiveness of marketing.
  3. AI and ML will help in gathering data, processing it, and analysis of data. The structured data generated will help business leaders understand their businesses better and make better decisions.
  4. AI and ML will help in customer interaction and engagement online. AI items like chat boxes are now used to handle basic customer interactions. We see them commonly on websites. AI Chatbots engage with customers.

Closure

Artificial Intelligence (AI), Natural Language Processing (NLP), and Machine Learning (ML) are three of the most talked-about technologies in the business world today. They have the potential to change the way businesses operate and the way employees work. We hope, through this article, you are now aware of the importance of AI, NLP, and ML in the Business World and gained enormous knowledge through the experiences shared by the specialists mentioned above. If you wish to dig deep into AI, NLP, and ML skills, take a look at the highly appreciated Online Artificial Intelligence Course Great Learning offers, and earn a course completion certificate.


Original article source at: https://www.mygreatlearning.com

#AI #artificial-intelligence #machine-learning 

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AI, NLP, and ML: Game Changers Of The Business World
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Best Electric Bikes and Scooters for Rental Business or Campus Facility

The electric scooter revolution has caught on super-fast taking many cities across the globe by storm. eScooters, a renovated version of old-school scooters now turned into electric vehicles are an environmentally friendly solution to current on-demand commute problems. They work on engines, like cars, enabling short traveling distances without hassle. The result is that these groundbreaking electric machines can now provide faster transport for less — cheaper than Uber and faster than Metro.

Since they are durable, fast, easy to operate and maintain, and are more convenient to park compared to four-wheelers, the eScooters trend has and continues to spike interest as a promising growth area. Several companies and universities are increasingly setting up shop to provide eScooter services realizing a would-be profitable business model and a ready customer base that is university students or residents in need of faster and cheap travel going about their business in school, town, and other surrounding areas.

Electric Scooters Trends and Statistics

In many countries including the U.S., Canada, Mexico, U.K., Germany, France, China, Japan, India, Brazil and Mexico and more, a growing number of eScooter users both locals and tourists can now be seen effortlessly passing lines of drivers stuck in the endless and unmoving traffic.

A recent report by McKinsey revealed that the E-Scooter industry will be worth― $200 billion to $300 billion in the United States, $100 billion to $150 billion in Europe, and $30 billion to $50 billion in China in 2030. The e-Scooter revenue model will also spike and is projected to rise by more than 20% amounting to approximately $5 billion.

And, with a necessity to move people away from high carbon prints, traffic and congestion issues brought about by car-centric transport systems in cities, more and more city planners are developing more bike/scooter lanes and adopting zero-emission plans. This is the force behind the booming electric scooter market and the numbers will only go higher and higher.

Companies that have taken advantage of the growing eScooter trend develop an appthat allows them to provide efficient eScooter services. Such an app enables them to be able to locate bike pick-up and drop points through fully integrated google maps.

List of Best Electric Bikes for Rental Business or Campus Facility 2020:

It’s clear that e scooters will increasingly become more common and the e-scooter business model will continue to grab the attention of manufacturers, investors, entrepreneurs. All this should go ahead with a quest to know what are some of the best electric bikes in the market especially for anyone who would want to get started in the electric bikes/scooters rental business.

We have done a comprehensive list of the best electric bikes! Each bike has been reviewed in depth and includes a full list of specs and a photo.

Billy eBike

mobile-best-electric-bikes-scooters https://www.kickstarter.com/projects/enkicycles/billy-were-redefining-joyrides

To start us off is the Billy eBike, a powerful go-anywhere urban electric bike that’s specially designed to offer an exciting ride like no other whether you want to ride to the grocery store, cafe, work or school. The Billy eBike comes in 4 color options – Billy Blue, Polished aluminium, Artic white, and Stealth black.

Price: $2490

Available countries

Available in the USA, Europe, Asia, South Africa and Australia.This item ships from the USA. Buyers are therefore responsible for any taxes and/or customs duties incurred once it arrives in your country.

Features

  • Control – Ride with confidence with our ultra-wide BMX bars and a hyper-responsive twist throttle.
  • Stealth- Ride like a ninja with our Gates carbon drive that’s as smooth as butter and maintenance-free.
  • Drive – Ride further with our high torque fat bike motor, giving a better climbing performance.
  • Accelerate – Ride quicker with our 20-inch lightweight cutout rims for improved acceleration.
  • Customize – Ride your own way with 5 levels of power control. Each level determines power and speed.
  • Flickable – Ride harder with our BMX /MotoX inspired geometry and lightweight aluminum package

Specifications

  • Maximum speed: 20 mph (32 km/h)
  • Range per charge: 41 miles (66 km)
  • Maximum Power: 500W
  • Motor type: Fat Bike Motor: Bafang RM G060.500.DC
  • Load capacity: 300lbs (136kg)
  • Battery type: 13.6Ah Samsung lithium-ion,
  • Battery capacity: On/off-bike charging available
  • Weight: w/o batt. 48.5lbs (22kg), w/ batt. 54lbs (24.5kg)
  • Front Suspension: Fully adjustable air shock, preload/compression damping /lockout
  • Rear Suspension: spring, preload adjustment
  • Built-in GPS

Why Should You Buy This?

  • Riding fun and excitement
  • Better climbing ability and faster acceleration.
  • Ride with confidence
  • Billy folds for convenient storage and transportation.
  • Shorty levers connect to disc brakes ensuring you stop on a dime
  • belt drives are maintenance-free and clean (no oil or lubrication needed)

**Who Should Ride Billy? **

Both new and experienced riders

**Where to Buy? **Local distributors or ships from the USA.

Genze 200 series e-Bike

genze-best-electric-bikes-scooters https://www.genze.com/fleet/

Featuring a sleek and lightweight aluminum frame design, the 200-Series ebike takes your riding experience to greater heights. Available in both black and white this ebike comes with a connected app, which allows you to plan activities, map distances and routes while also allowing connections with fellow riders.

Price: $2099.00

Available countries

The Genze 200 series e-Bike is available at GenZe retail locations across the U.S or online via GenZe.com website. Customers from outside the US can ship the product while incurring the relevant charges.

Features

  • 2 Frame Options
  • 2 Sizes
  • Integrated/Removable Battery
  • Throttle and Pedal Assist Ride Modes
  • Integrated LCD Display
  • Connected App
  • 24 month warranty
  • GPS navigation
  • Bluetooth connectivity

Specifications

  • Maximum speed: 20 mph with throttle
  • Range per charge: 15-18 miles w/ throttle and 30-50 miles w/ pedal assist
  • Charging time: 3.5 hours
  • Motor type: Brushless Rear Hub Motor
  • Gears: Microshift Thumb Shifter
  • Battery type: Removable Samsung 36V, 9.6AH Li-Ion battery pack
  • Battery capacity: 36V and 350 Wh
  • Weight: 46 pounds
  • Derailleur: 8-speed Shimano
  • Brakes: Dual classic
  • Wheels: 26 x 20 inches
  • Frame: 16, and 18 inches
  • Operating Mode: Analog mode 5 levels of Pedal Assist Thrott­le Mode

Norco from eBikestore

norco-best-electric-bikes-scooters https://ebikestore.com/shop/norco-vlt-s2/

The Norco VLT S2 is a front suspension e-Bike with solid components alongside the reliable Bosch Performance Line Power systems that offer precise pedal assistance during any riding situation.

Price: $2,699.00

Available countries

This item is available via the various Norco bikes international distributors.

Features

  • VLT aluminum frame- for stiffness and wheel security.
  • Bosch e-bike system – for their reliability and performance.
  • E-bike components – for added durability.
  • Hydraulic disc brakes – offer riders more stopping power for safety and control at higher speeds.
  • Practical design features – to add convenience and versatility.

Specifications

  • Maximum speed: KMC X9 9spd
  • Motor type: Bosch Active Line
  • Gears: Shimano Altus RD-M2000, SGS, 9 Speed
  • Battery type: Power Pack 400
  • Battery capacity: 396Wh
  • Suspension: SR Suntour suspension fork
  • Frame: Norco VLT, Aluminum, 12x142mm TA Dropouts

Bodo EV

bodo-best-electric-bikes-scootershttp://www.bodoevs.com/bodoev/products_show.asp?product_id=13

Manufactured by Bodo Vehicle Group Limited, the Bodo EV is specially designed for strong power and extraordinary long service to facilitate super amazing rides. The Bodo Vehicle Company is a striking top in electric vehicles brand field in China and across the globe. Their Bodo EV will no doubt provide your riders with high-level riding satisfaction owing to its high-quality design, strength, breaking stability and speed.

Price: $799

Available countries

This item ships from China with buyers bearing the shipping costs and other variables prior to delivery.

Features

  • Reliable
  • Environment friendly
  • Comfortable riding
  • Fashionable
  • Economical
  • Durable – long service life
  • Braking stability
  • LED lighting technology

Specifications

  • Maximum speed: 45km/h
  • Range per charge: 50km per person
  • Charging time: 8 hours
  • Maximum Power: 3000W
  • Motor type: Brushless DC Motor
  • Load capacity: 100kg
  • Battery type: Lead-acid battery
  • Battery capacity: 60V 20AH
  • Weight: w/o battery 47kg

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Using A Fantasy Game World To Boost AI Performance

Recently, Facebook AI Research (FAIR) built and deployed a role-playing fantasy game world to boost the performance of conversational AI models such as virtual assistants. The researchers presented a fully-realised system for improving an open-domain dialogue task by utilising a deployed game for lifelong learning.

Human beings learn languages over their course of life from the interactions they have with other people. Yet, research in sophisticated natural language processing (NLP) models are done using the fixed dataset, without any ability for the model to interact with humans using language at training time at all.

#developers corner #ai using games #conversational ai #conversational ai platforms #facebook nlp research #fantasy game world #natural language processing #nlp models

How Artificial intelligence is Transforming the Gaming Industry

First of all, the main question is: What is Artificial Intelligence in the gaming world? Artificial intelligence has been in the gaming industry since the beginning of video games. But the technology was so different now from then.

Artificial intelligence works with the NPC’s (non-playable characters), and is used to determine the behavior of the non-playable characters by generating the response or actions from the NPC’s. Artificial intelligence mainly works on interaction, so it does not include the firing, slashing, or killing an enemy.

What are NPC AIs?

A Non-Playable Character is like the protagonist’s friend or family member, or it can be anybody in the game. In most games today, the NPC AIs don’t really use machine learning technology, because they don’t have to. If there are 4 dialogue options to choose from and 1 NPC response to each option, this can be achieved with traditional computer programming. There is no need for machine learning here.

In terms of traditional NPCs, we use the term AI because these characters are supposed to be made in a way that they appear real and alive.

The main work of an NPC is to help the player to advance in the storyline or to say something about the tasks of the game or different places the player has to go or how to defeat a certain enemy. They are controlled by artificial intelligence, as with the help of artificial intelligence an NPC adapts the behavior of the player and generates human-like responses which help in the progression of the mission or storyline.

For example, RDR2 (Red Dead Redemption 2) is one of the great games which has shown us the true power of artificial intelligence. The whole storyline has beautifully shown us the importance of NPCs in a game and how they adapt from the player’s different decisions and the storyline changes from those decisions. In short words, artificial intelligence determines the player’s behaviors and emulates the behavior of the NPC’s to make the storyline meaningful.

Now on to the main question.

#gaming #gaming-industry #ai #transform #ai-in-gaming #ai

lakshya world

lakshya world

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How to Create a Successful Gaming App?

How to create a game app is a comprehensive guide, explaining the entire process of creating and publishing games for iOS and Android. Covering all the essential information a budding game developer needs to know.

 

Read More - https://www.brsoftech.com/blog/how-to-create-a-game-app/

 

#game-engine  #game-development  #game  #games  #gaming 

Shardul Bhatt

Shardul Bhatt

1624620512

Unlocking the Power of Data And AI for Businesses

The latest reports show that the Artificial Intelligence market was worth $40.2 billion in 2020. Experts attribute this growth to the increasing business adoption of AI. Data is the biggest asset that a company has in 2021. A comprehensive data strategy ensures the company can derive valuable insights that enable better decision-making.

What is the role of AI in business? There are countless examples of AI in business for forecasting and predicting values. For example, AI solutions enable financial companies to oversee stock price fluctuations and take advantage of trading opportunities. MetaStock is one such solution that provides analytical tools based on AI and data to predict stock prices.

Another approach of data and analytics that companies take is to forecast their budget, expenses, and revenues. It involves using historical data and transactional patterns to identify a company’s budget. Big data provides solutions to specific business problems through Artificial Intelligence models.

This article will focus on the following topics – 

  • AI capabilities in business
  • What is intelligent analytics?
  • Latest trends in data analytics
  • Business cases for AI

Let’s have a look at these topics in detail.

AI Capabilities in Business 

Harvard Business Review suggests that AI can do three significant things for your business. It can – 

  1. Automate business processes
  2. Gain valuable insights
  3. Improve customer engagement

When people ask, “Why is data important for AI,” the answer is that all AI solutions require data. The foundation of AI analytics is historical or real-time data. With the help of data, AI can deliver the above three capabilities.

AI enables business process automation with the help of Robotic Process Automation. RPA bots can work with triggers, while smart bots can identify things that need to stay or eliminate during automation. 

The biggest role of AI in business is to generate and deliver valuable insights. When there’s tons of data, patterns are bound to emerge. The power of data in business is brought to its best use when companies can use any kind of data to improve business results. It usually happens by finding opportunities that are only seen through data and analytics. 

Artificial Intelligence drives customer experience by learning from the environment. Smart bots and AI algorithms deliver better customer service by understanding the conversation in real-time. Several companies use AI customer experience bots to enhance service delivery to their audience.

Read More: A CTO’s guide for AI Implementation

What is Intelligent Analytics?

Intelligent analytics is a branch of Artificial Intelligence. Companies use intelligent data and analytics to uncover meaningful insights. The purpose is to derive value from collected business data.

INSIGHTS – that’s the keyword here. Intelligent analytics is a part of the overall data strategy. It showcases the business that even their top management might sometimes miss. It includes new market segment opportunities, product differentiation parameters, honest product feedback, actual growth rate or products, expense and income status for a particular time period, and much more. 

There are three different types of intelligent analytics – 

  • Descriptive analytics
    It focuses on using historical and real-time data to identify what happened during a time period. Examples of AI in business for descriptive analytics include understanding the new customers acquired, sales during a period, and more.
  • Predictive analytics
    It focuses on predicting future values for the company. The Machine Learning algorithm uses past values and identifies values that are likely to occur in the future. Examples include predicting the budget for the next year, identifying the number of potential customers, and more.
  • Prescriptive analytics
    It focuses on determining the right path that companies should take based on the insights generated from data. It highlights the action steps that will bring the desired results. Examples include price changes based on the historical demand of a product. 

Latest Trends for Data Analytics

As companies move towards modern applications of data analytics, everyone asks the same questions – “How can I use AI in my business?”. We will address the answer in the next section. For now, let’s understand the latest trends in data analytics that make AI possible for businesses. 

  1. AI SaaS
    Data solutions are increasingly available as Software as a Service product. Companies can use off-the-shelf software to identify patterns by inputting data in different columns. There are software-based on multiple business functions, while some are common for all processes. However, if you want an enterprise-grade analytical tool, custom AI solutions are more effective.
  2. Natural Language Processing
    AI machines are now learning on their own. More and more companies are experimenting with unstructured data through natural language processing. Intelligent bots now have conversations as real as humans do. It brings a new age of AI systems that can interact using emotions, feelings, and everything that humans have.
  3. Extended Reality
    Data analytics combined with extended reality is generating unfathomable results. Through AR and VR, companies are creating virtual simulations – but combining it with the AI capabilities for predicting future environments, opportunities and making plans to understand how to solve future challenges. Extended reality delivers an AI customer experience that highly improves the customer satisfaction rate.
  4. Interactive Visualizations
    Intelligent analytics is simplifying data representation for companies. There are interactive dashboards through which all stakeholders can better understand the data. It gives a personalized view of all the data points and showcases how it is performing. Interactive visualizations are useful for identifying visual patterns that might be missed otherwise.

Business Cases for AI

Today, there are use cases of AI in almost every business process. Even in the manufacturing sector, intelligent data analytics can help build systems that can identify the maintenance schedule of equipment – keeping it safe from breakdowns. 

There are plenty of applications that are common in business. We will talk about these popular business use cases of AI, based on different functions –

  • Customer Service
    Sentiment analysis is a useful application of data analytics in business. Companies can identify what customers are saying about their product. It also includes:

    – Customer responses
    – Call forwarding
    – Call classification
    – Intelligent routing
  • Marketing
    Marketing analytics is the most significant use. It helps to determine the results that we can achieve from the marketing budget. It also includes:

    – Personalized marketing
    – Intelligent content
    – Contextual marketing
    – Budget forecasting
  • Sales
    The sales team can identify the future sales potential by analyzing the historical data. It helps to find areas where activities need to be improved. It also includes:

    – Predictive sales
    – Sales chatbot
    – Appointment scheduling
    – Lead management
  • Operations
    The role of AI in business operations is increasing dramatically. Companies use automation and data analytics to drive valuable insights. It also includes:

    – Data mining
    – Predictive maintenance
    – Operational analytics
    – Inventory optimization

Apart from this, there are various business cases in different domains like healthcare, FinTech, HR, Insurance. In every domain and area of business, AI is showing significant results.

Checkout: The Future of Artificial Intelligence Services for Business

Bottom Line

Artificial Intelligence is transforming how companies used to work. Today, intelligent analytics is a business priority. Since data is the biggest asset they have, companies want to leverage AI and derive valuable insights from that data. That’s why more and more businesses are now hiring AI developers to build intelligent solutions.

BoTree Technologies is a leading Artificial Intelligence and Data Analytics company in the US, India, and Singapore.

Contact us today to understand how we can build AI capabilities for your business.

 

Source: https://www.botreetechnologies.com/blog/unlocking-the-power-of-data-and-ai-for-businesses/

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