Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    DevOps

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    IT Services

    Marine Tech

    Networking

    PropTech

    Remote Work

    Robotics

    Scheduling Software

    Sensor Tech

    Simulation

    Smart City

    Software Testing

    Startup

    Storage

    Unified Communication

    Web Development

    Wireless

  • Automotive

    Banking

    Capital Market

    Construction

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Travel and Hospitality

  • CISCO

    Google

    IBM

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Collaboration

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Digital Signage

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Communications

    Enterprise Contract Management

    Enterprise Performance Management

    ERP

    Facility Management

    Field Service

    Fleet Management

    Gamification

    HR Technology

    IT Infrastructure

    IT Service Management

    Managed Services

    PLM

    Procurement

    Product Management

    Project Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • CISCO
    • Collaboration
    • Compliance
    • Contact Center
    • Healthcare
    • IT Service Management
    • Microsoft
    • Retail
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • Artificial Intelligence
    Editor's Pick (1 - 4 of 8)
    left
    The Right Technology And Reliable Partners; The Business Next Frontier

    Luke O'Brien, CIO, ISS Facility Services Australia & New Zealand

    Conquering Technological Transformation

    David Kennedy, Group CIO, Transaction Services Group

    How to Get to AI-first

    Ani Paul, CIO, ING Australia

    Legal Knowledge Management and the Rise of Artificial Intelligence

    Christopher Zegers, CIO, Lowenstein Sandler LLP

    Building an AI-Based Machine Learning for Global Economics

    Alexander Fleiss, CIO & CEO, Rebellion Research Partners LP

    Changing the tester DNA -From tester to Software Development Engineer in Test (SDET)

    Bernd Bornhausen, Senior Manager QA, TD Insurance [NYSE: TD]

    Booming Digital Healthcare Industry Post-COVID

    Utpal Chakraborty, AI Researcher, Head of Artificial Intelligence at YES Bank

    Winning in the Race of Efficiency: Semi Plug & Play AI Services

    Pooyan Asgari, Chief Data Officer, Domain Group

    right

    How AI Implementation has Become Essential in Businesses

    By Apac CIO Outlook | Friday, May 10, 2019
    Tweet

    Artificial Intelligence (AI) has evolved into something much more than a tech buzzword. AI, and particularly machine learning, are already widely embraced across the spectrum of companies and organizations. They help companies to produce better products and services using an ongoing customer behavior and data feedback loop which can help machines to learn faster than ever before.

    Compared to traditional marketing methods, AI has significantly changed the revenue implications in competitive industries and considered as a first-mover advantage. Machine Learning can improve internal business processes such as credit rating assessments and CRM. For example, banks use AI to assess potential customers creditworthiness using machines that have learned from the previous data which consists of thousands of customer's transactions.

    Artificial Intelligence has been a game changer in gathering critical data, but it comes at a cost. It takes much time and more money to code AI and also to build predictive and analytical models. This is where automated Machine Learning (ML) comes into existence which involves multiple tasks from selection and engineering, trawling through various possible algorithms to generate the final evaluation and comparison results.

    The use of ML allows companies to identify and retain qualified data with a rapid and automated process that can scale the delivery of AI. Automation, conversational bots, filtering and data analysis are some of the powerful tools that businesses can take advantage of to transform their customer service and employee effectiveness. Additionally, enterprises can program their AI devices with unique capabilities, further enhancing the technology rewards to be reaped. This optimization of performance gives organizations the most considerable advantage over a large number of competitors.

    A final argument for why businesses need to adapt AI is related to data transparency when dealing with customers. Ensuring data safety has become the biggest concern for most of the financial agencies as cyber attacks have been growing exponentially. Automated machine learning includes an explanation of its model and feature, which provides data transparency and can face more stringent regulatory requirements.

    tag

    Machine Learning

    Financial

    Weekly Brief

    loading
    Top 10 Big Data Solution Companies - 2020
    Top 10 Big Data Consulting/ Service Companies - 2020

    Featured Vendors

    Kogentix

    Boyd Davis, CEO

    Illation

    Dallas Newton, Country Business Manager

    ON THE DECK

    Big Data 2020

    Top Vendors

    Big Data 2019

    Top Vendors

    Big Data 2019

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Four Security Issues in IoT

    Four Security Issues in IoT

    Four Use Cases of AR/VR Technology in Employee Training

    Four Use Cases of AR/VR Technology in Employee Training

    Five Major Trends in Digital Transformation for Businesses

    Five Major Trends in Digital Transformation for Businesses

    How Blockchain Reinvents Regtech

    How Blockchain Reinvents Regtech

    Five AI Technologies to Help Boost Business

    Five AI Technologies to Help Boost Business

    Popular E-Commerce Growth Trends in 2021

    Popular E-Commerce Growth Trends in 2021

    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/how-ai-implementation-has-become-essential-in-businesses-nwid-6341.html