Why Artificial Intelligence matters for Technology Development?

Some people feel that concept of Artificial Intelligence (AI) is complex and this is because they are unaware about it Artificial Intelligence is basically the machines designed and programmed in a way that they can think and behave like a human. Artificial Intelligence has become a significant portion of our everyday life. The technology is applied in the extensive area of day to day services. It targets to decrease human effort and make the human life easy. You may find people using this technology in different industries, in order to develop machine slaves to accomplish various activities. Moreover, the technology aims to give the instant and accurate result. It is anticipated that the technology will gradually introduce in almost every sector to cut out human effort and offer precise results. Let’s have a look at why AI is significant for technology development:

Artificial Intelligence is much more than just a technology:

AI is much more than just a “tool” that constantly improves, for example, you can look at the manufacturing processes. AI is more than a system to do predictions, which, in turn, directs to actions.

What, how and who we trust are being converted as AI becomes more incorporated into our regular lives. It may sound slightly far-fetched; however, there are lots of examples of the way in which we trust the algorithms, computer code, and software.

Usually when we purchase some products, make reservations, book accommodation, after going through the reviews and it is supported by recommendation algorithms. Moreover, people usually trust Wikipedia to get the correct information. Whenever we ask some questions on Google, we usually get the reliable answer. It happens that all of us have some residual doubt of giant tech companies; however, in our daily lives, we usually put that disbelief to one side and put trust in the technology.

One can think about the amount of time spent on interacting with devices that are running digital code. This type of interaction could be direct, ranging from interrelating with a computer or smartphone to going on to work on a subway system that is run automatically, all these in different ways. In these cases, the desired experience is felt with the help of computer code and the same offer the choice and structure linked with that experience.

Artificial Intelligence adds intelligence:

AI is capable to add intelligence to the existing products. You may find that in the majority of cases, AI is not sold as an individual application. Actually, the products which you already use would show enhancement with the help of AI capabilities. For instance, Siri was incorporated as a feature to the contemporary Apple products. Conversational platforms, automation, smart machines, and bots can be combined with huge amounts of data to incorporate enhancement in several technologies used at home and in the office, ranging from security intelligence to investment analysis.

Artificial Intelligence succeeds to achieve incredible accuracy in technological development:

You may not predict the level of accuracy which AI brings in. It has made possible the implementation of neural networks which was earlier impossible. For instance, the interactions of human with Alexa, Google Search, etc. are centered on deep learning and the more you use them, the more accurate it shows. It is found that in the medical field, AI techniques varying from image classification, deep learning, and object recognition can be used to diagnose cancer on MRIs with the similar level accuracy as provided by experienced radiologists.

Artificial Intelligence automates repetitive learning:

The idea of repetitive learning is mechanized with the help of AI and it also facilitates discovery through data. It is important to know that AI is unique as compared to the hardware-driven, robotic automation. As an alternative to mechanizing manual tasks, AI carries out recurrent, high-volume, and computerized tasks in a reliable manner. However, for this kind of automation, a human inquiry is necessary to set up the system and raise the right questions.

Artificial Intelligence attempts to get the most out of data:

Whenever algorithms are of self-learning type, the data can become intellectual property. The answers are present in the data itself and you only need to implement AI to get them. For the technological development, the role of the data is more significant than ever before, the outcome is that it can make a competitive advantage. If you own the best data, obtained through AI in a competitive industry, even though others are implementing similar techniques, your data will win.

Artificial Intelligence scrutinizes more and deeper data:

The implementation by AI makes use of neural networks that consist of lots of hidden layers. It is found that building a fraud detection mechanism with total five hidden layers was nearly impossible before few years. Presently, all these things have been modified with computer power and big data. You require a huge amount of data to guide deep learning models as they directly gain learning from the data. The more amounts of data you could feed them, the higher the accuracy you will get.

Artificial Intelligence adapt with progressive learning algorithms:

In order to allow the data to do programming, AI adapts the technique of progressive learning algorithms. It works to find structure and regularities within the data, in order that the algorithm gains a skill of being a predictor or a classifier. The algorithm can teach itself what product to recommend subsequently via online medium. The models seamlessly adapt whenever it is fed with new data. For instance, backpropagation is an AI technique which permits the model to adapt, with the help of training and data, whenever the first answer is not completely correct.

Role of Artificial Intelligence in different fields for technology development:

AI finds its applications in many different fields; let’s have a look at them:

Used in Organizations:

With a view to delivering business-critical results, there are many different organizations that apply AI to enhance speed and efficiency. Moreover, they use it to make an improvement in data processing and analytics, as well as to improve customer experience. Let’s have a look at the below categories of applications of AI, with the help of which, businesses are focusing to make improvements:

Service: In the area of service in the business, AI provides virtual customer assistance and triage, envisage maintenance and imminent repair needs, link customers to service staff and analyze process gaps.

Sales and marketing: In this area, AI works to customize the sales process, tailor the communications to clients, equate sales staff to purchasers and provide personalized pricing as well.

Office: In this, AI can seamlessly trace and link to expertise, analyze and redirect compliance errors, provides support to meetings with action items, as well as improve digital agility.

Supply chain: Recognized as one of the crucial areas in businesses, Ai works in this are to discover and fix data errors, find out risks present in the supply chain, raise insights from IoT based devices in the field as well as plan logistics.

Used in Medical Science:

AI technology works relentlessly to change the face of medical science, in a positive manner. In this field, there are many applications in which AI is applied. It is utilized to develop a virtual personal healthcare assistant. Moreover, they are also used for research as well as analytics. AI supports the implementation of healthcare bots to provide customer support. You may now find that bots are used for planning an appointment in hospitals. Is the greatest benefit is that it provides 24/7 assistance.

Used in mobile app development:

During the time when mobile apps and smartphones have just begun getting consideration among users, the iOS, as well as Android apps, were completely fragmented. But, device manufacturers and the app developers do not wish the users to continue scrolling among the thousands of apps available in Android and iOS app stores. This implies that constant efforts are done to make sure there are effortless easy navigation and the searching system being implemented. Moreover, these efforts show that AI seamlessly fits into the scenario, particularly when it is serving the developers as well as users the control of voice to accomplish the tasks.

You may not know but there is lots of apps to simplify the life of people. Also, it is true that mobile app users usually prefer to use user-friendly apps and with the help of Artificial Intelligence, these apps are designed to save time and meet personalized needs. For example, the company -Start bucks had launched an app named as My Starbucks Barista. While using this app, a person only needs to instruct the app what they need and in return, the app would simply post the order, depending on the preferences suggested.

The aspect that makes the AI technology to be more compatible is its integration into the mobile phone apps with the fact that the smartphones recognize everything regarding their user.

Concluding Note:

As discussed above, AI finds its application in many different fields for the purpose of technological enhancement, so it matters a lot for the technological development. The research and development work is already going on in this direction.

August 1, 2018

Ways to find the Best Outsourcing Partner

Ways to find the Best Outsourcing Partner

Due to the hectic business schedule and lots of projects in continuation, businesses usually prefer to outsource their projects. Businesses already have many challenges to face and also there are countless pressures which may arise unexpectedly. In order to give the best results and fulfill the demand of clients, outsourcing has turned out to be a boon for businesses, irrespective of its size. It may seem that outsourcing is simple at first sight but actually, it is complex. From learning how to outsource, seeking for the appropriate solution and to getting the best one out of the myriad of solutions vendor posing risk to your business are all considered as intimidating tasks.

Once you have decided to outsource few of your business processes, the subsequent step is to make sure you find appropriate right outsourcing partner, the one who will accomplish the project as per the requirement and guarantee success in the future. The choice of suitable outsourcing partner is a crucial decision because when you end up with the wrong choice then results could be terrible and unexpected for your company.

The inappropriate outsourcing partner is the one who is inexperienced, less skilled in the project assigned or works on his/her own agenda which may not be completely beneficial. Have you ever thought about how to find the appropriate outsourcing partner that seamlessly fits your business? You just need to go through the below sections to get an idea:

Carry out thorough research on Outsourcing Partners:

The process of carrying out thorough research to choose the best outsourcing partner is crucial. This step will assist to find the potential outsourcing providers rapidly without wasting your precious time. After you have chosen some of the relevant outsourcing partners, you must be able to filter down to four or five of the best outsourcing partners. Now based on your project requirements and budget, you need to choose the one. You can check if your choice is appropriate or not if you talk to prevailing client and request for references. Also, you can talk and ask questions in case of any doubts.

Decide what tasks to Outsource:

You must be capable to decide what things to outsource. At this point, you need to prioritize your tasks and think once before outsourcing a particular task. You need to ask yourself some questions like – What work will you outsource? Is it information sensitive? Will there be a need to give your credit card details to the virtual assistants? What is the complexity level of the project to outsource? The proper answers to these questions help a lot in finding the best outsourcing partner. The tasks which your company can efficiently do without the assistance of any outsourcing partner should not be outsourced. Only the tasks which are time-consuming and complex in nature should be outsourced.

Choose the Outsourcing Partner based on their Qualifications:

After you have determined what to outsource, it is essential to determine who is qualified to accomplish the task. Ask yourself questions like -Are you outsourcing the project to an individual or a company? Is there a need for an individual or a team? What are the qualifications of the outsourcing partner? How much experience does it hold? etc. Identifying the nature of the work is not sufficient, it is also critical to determine who is qualified for successfully accomplishing the job. The qualifications of these partners indicate their level of expertise in the field and their flexibility as well.

Project Experience:

While choosing the appropriate outsourcing partner, you must look for what types of projects the outsourcing company has accomplished in the past. This would provide an insight of what is the prime focus. It is also necessary to check whether the outsourcing partner has completed similar projects or not in the areas you are looking for.

It is also important to know whether your outsourcing company possesses sufficient experience in offering similar services matching your business needs. This would rely on the number of projects completed till date, turnaround time, types of clients the partner has worked with, a sector of expertise, etc. Getting details on the qualifications of the team members as well as communicating with them before signing contracts is recommended to guarantee the attachment between your team and the requirements.

Project Competence:

After you have verified the credentials and experience of outsourcing partner, it is significant to understand whether the company has proper technical knowledge and competence to satisfy your requirements. You should work on to get acquainted about the processes the outsourcing company follows and what method they are implementing to track results and solve issues. After that, you must be prepared with everything needed to estimate whether you are selecting the right outsourcing partner or not.

It is vital to choose experienced professionals with compatible project competence. The smaller outsourcing companies usually pay more attention to the requirements of their clients and they are careful in providing the finest service they can. It is best to commence with something smaller and then expand as you get acquainted. Adopting this way would decrease the risk of project failure.

Flexibility:

It happens occasionally that the project requirement alters and so the outsourcing partner needs to make the changes in their work accordingly. This means that the outsourcing partner should be amenable to changes and flexible in nature. They should be able to handle the project complexity even if it arises at the midway of completing it. The best outsourcing company is the one which is operated by management and the one which presents personalized services, considering the needs of customers as their highest precedence. It should be capable to quickly manage changes when required for obtaining your performance improvement objectives without any negative influence.

Don’t lay emphasis only on cost:

It is true that you get what you pay for, so higher you pay, the best you will get. The cost is the prime aspect a business focuses on; however, there are some other aspects which are equally as important as that. Suppose a business outsourced its project to a cheap outsourcing partner and saved some money. However, this is not an appropriate choice as the quality of the end result will not be high. Employing the project to less famous or low quality outsource partner will provide bad quality results. Your money and effort put on will go in vain. It is also possible that you may need to get the work done again.

Good Communication with Outsourcing Partners:

One of the most significant portions of your relationship with the chosen outsourcing partner is upholding a good level of communication. You may need to interact with the team leaders allocated for the tasks. They are required to communicate impeccably with your team because this lays great influence on the overall achievement of the business relationship. Generally, it is a recommended idea to request conference calls with employees involved in the process, in order to make sure they are the correct fit for you. It happens sometimes that there is a language barrier between you and the outsourced partner, leading to miscommunication.

Some of the business owners consider that outsourcing assists them to enhance their business. In that case, communication is regarded as a major role player facilitating fruitful coordination and improving business prospects. Thus, it implies that language compatibility must not be a concern. In addition to that, it is crucial to gain an understanding of the business communications. In absence of good communication, it is assured that more problems will arise.

Constant Improvement of Quality:

Your outsourcing partner must be capable to convey things to the next level and put the best effort to attain better results each time. This is possible if they focus on constant improvement of quality. If they compromise on quality, their service would be gradually criticized in the market and they will perceive decreased sale of their service. You need to choose an outsourcing partner which strives for perfection in each of their projects. Moreover, it is great if they are capable to meet short and long-term goals.

Determining the Correct Partner:

After going through all the above points, it is necessary that you carefully assess the solutions providers for the outsourcing project. All the vital information is at your hands, so now make your decision. It is best to select the outsourcing company which is almost compatible with your outsourcing goals and only then sign a contract.

It is necessary to keep in mind that the achievement of your partnership with the correct outsourcing company depends greatly on the appropriate implementation of the outsourcing project, excluding any flaws. After you have allocated the project, the next step is to make sure that the project passes through the process as planned. If any problem arises during the process, you need to discuss with the outsourcing partner to find out the solution.

Concluding Note:

The choice of outsourcing partner may seem intimidating at first glance but following the above points helps a lot. After the appropriate partner is chosen, you can enjoy the outsourcing experience.

Month: August 2018

Why Artificial Intelligence matters for Technology Development?

Why Artificial Intelligence matters for Technology Development?

Ways to find the Best Outsourcing Partner

Ways to find the Best Outsourcing Partner

Carry out thorough research on Outsourcing Partners:

Decide what tasks to Outsource:

Choose the Outsourcing Partner based on their Qualifications:

Project Experience:

Project Competence:

Flexibility:

Don’t lay emphasis only on cost:

Good Communication with Outsourcing Partners:

Constant Improvement of Quality:

Determining the Correct Partner:

Concluding Note:

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