Entries tagged with “artificial-intelligence”
Articles
23 articles found for artificial-intelligence:
- Harnessing the Power of Artificial Intelligence in Marine Defense
The integration of artificial intelligence (AI)-based solutions has enhanced efficiency, effectiveness, and security in maritime operations. This is helpful for naval forces protecting the country’s coastlines. AI technology is harnessed to deploy advanced systems capable of tracking, detecting, and executing relevant actions. As there are historical complexities associated with navigating oceanic routes, technology can be extremely helpful. Through integration of technologically advanced solutions identification, monitoring, and decision-making can be streamlined and security can be tightened.
- Gearing up for the Next Wave of AI in Pharmaceutical Industry – From Cost-based to Value-based models
Artificial intelligence (AI) is reshaping business operations in the health industry. Amid the ever-evolving AI infrastructure, growth in tech-savvy patients and availability of big data, the industry is set to make a transition from using AI for controlling costs to utilizing it for improving patient care. The AI in healthcare market is estimated to reach $6.6Bn in 2021 from $600Mn in 2014, recording a CAGR of 40%; in the five years subsequent to 2021, the market is estimated to grow by more than 10 times.1 In this article, we provide insights on the applications of AI in patient-centric models for improving patient care, from diagnosis to post-treatment care.
- Evolution of AI in Modern Military Warfare
Artificial intelligence (AI) has recently been making significant strides in various fields including military operations. The integration of this emerging technology with modern warfare could revolutionize how armed forces operate, enhance decision-making processes, and provide tactical advantages. This has led to niche investments and a surge in innovations in this industry.
- Can ChatGPT Disrupt Financial Services?
Generative artificial intelligence (AI) tools, including ChatGPT, have led to increased adoption of AI in financial advisory and risk management. These tools have the potential to address issues related to operational inefficiencies, fraudulent activities, and the need for personalized services. However, it is important to recognize that ChatGPT has limitations, and human intelligence and judgment will continue to be crucial for decision-making.
- AI in Procurement – Industry Applications
Industries across the globe are adopting emerging technologies to streamline complex processes such as procurement. However, the nature of business determines the level of adoption. For instance, the automobile and logistics sectors have widely implemented artificial intelligence (AI), an emerging technology, but other sectors are still seeking ways to implement it. Will procurement become an AI-enabled function across industries in the near future?
- How are Logistics Companies Redefining their Procurement Processes with AI?
Artificial Intelligence (AI) is leveraged by various sectors and companies to automate and streamline their procurement processes. The logistics sector, in particular, has adopted this technology on a massive scale, with some major companies using it to optimize their solutions. While the initial adoption cost and need for skill set upgrades may seem high, the advantages and cost-saving potential of this technology compensate for them.
- Could Generative AI Aid in Reinforcing Cybersecurity?
Generative AI has emerged as a valuable tool for bolstering defenses against ever-advancing threats. Prominent companies have embraced this technology to enhance their security measures. Leveraging the power of artificial intelligence and machine learning, generative AI systems are capable of analyzing vast amounts of data, identifying patterns, and predicting potential cyberattacks. By adopting this technology, organizations are empowered to stay one step ahead of cybercriminals, minimizing risks and protecting sensitive data.
- The Role of Technology in Tracking and Improving Mental Wellbeing
Mental wellbeing has become a major concern for people of all ages in the modern world. Technology is being developed to help people manage their mental health, which can affect their overall wellbeing. Emerging technologies such as artificial intelligence, machine learning, virtual reality, and wearables are being used to create innovative solutions for mental wellness. The growing acceptance of and demand for innovative products in this space indicates there is significant untapped potential.
- AI in Procurement – Expanding Horizons
Emerging technology such as artificial intelligence (AI) is slowly gaining momentum across industries and processes. Companies worldwide are embracing this technology to realize efficiency and increase productivity in their procurement processes. AI algorithms can assist in analysis, prediction, and automation, thus helping to streamline the entire procurement process. However, organizations must understand the best use cases of implementing AI. In addition, the adoption of this technology across geographies remains uneven, where developed countries are moving ahead, while the developing ones are still taking cautious steps.
- Transforming Banking Operations: The Rise of Hyperautomation
Hyperautomation is significantly transforming the global banking sector through advanced technologies such as artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA). Major banks are leveraging hyperautomation to optimize operations, enhance efficiency, and introduce innovative services. Hyperautomation use cases in financial services range from customer onboarding and loan processing to AML compliance and personalized marketing. Successful implementations by top banks – such as Lloyds, Mashreq, and Axis – underscore hyperautomation's role in reshaping financial services, providing efficiency gains, and ensuring competitive adaptation in the digital landscape.
- HPC Revolutionizing Financial Services
High Performance Computing (HPC) is revolutionizing financial services, giving it a prominent position in today’s fast-paced financial landscape. Fintech giants are particularly leveraging its power to optimize financial analytics, enhance risk management, and refine algorithmic trading. Furthermore, HPC has various use cases in financial services on account of its ability to enhance operational efficiency and agility and improve decision-making. Hence, failure or delay to adopt it can jeopardize a fintech company’s competitiveness in this age of digital transformation, wherein innovation and real-time processing are paramount.
- Can ChatGPT Support Industry 4.0?
The new phenomenon ChatGPT unveiled by OpenAI is set to revolutionize processes and operation across industries. Although it is still in the testing phase, it has gained widespread popularity given its potential application fields. One such area that could be leveraged by companies is in an Industrial 4.0 setting. Can ChatGPT bring about further evolution in the industrial landscape and enhance efficiency and productivity?
- Downward Spiral of Tech Industry Valuation
The Indian tech industry has always been a strong player with consistent growth, but 2022 was a challenging year, and many companies saw a fall in their valuations. This was attributed to factors such as fear of recession fueled by rising interest rates in developed markets, which hampered the revenues, sales, and growth prospects of many tech firms worldwide, including India. Whether it is a short-term effect or will India’s IT sector suffer long-term consequences is yet to be seen.
- AI in Defense – Advancing Border Security and Surveillance
Evolving technologies exert a huge influence on the global defense and security mechanisms. One of the main aspects of defense strategies is maintaining border security. The purpose of technology is to go beyond reliance on human resources or create alternative options, for instance where human surveillance is unfeasible. Such scenarios include monitoring activities underwater, in mountainous regions, in the sky, and in terrains otherwise challenging for humans.
- Nutraceuticals - Going Beyond Contemporary Therapeutics
Nutraceuticals are isolated from foods and sold in medicinal form. They provide physiological benefits and protection against chronic diseases. With the rise in health awareness and focus on fitness, concepts like nutraceuticals are gaining prominence. Research aims to make nutraceuticals more accessible.
- Metaverse – The Future of EdTech and L&D
The metaverse is essentially a futuristic virtual universe that will impact every aspect of our lives. It is also expected to change the current education system, making it more interactive, interesting, and experiential. Education technology (EdTech) companies and learning and development (L&D) platforms are gearing up for the change the metaverse will bring forth. By removing physical barriers, the metaverse will likely ensure that all individuals, even in the least accessible parts of the world, may avail quality education.
- Curbing Malnutrition through Emerging Technologies
Malnutrition is a serious global issue, especially in emerging countries, with India being no exception. The number of malnourished children in the country is rising at an alarming rate, leading to high mortality among children under 5 years of age. To fight this situation effectively, it is imperative to precisely identify the affected population and suggest initiatives to distribute dietary supplements. Many new and innovative technologies are being researched and developed to address malnutrition.
- Role of Technology in Building Resilient Companies of the Future
In a volatile world, with economic recessions, technological disruptions, and global crises like COVID-19, many businesses falter, unable to adapt. Resilience emerges as the cornerstone of corporate strategy, distinguishing between mere survival and thriving. It's about bouncing forward, integrating resilience into a company's DNA. Anticipating threats, withstanding shocks, and adapting are key. Technology plays a pivotal role in bolstering adaptability, streamline operations, and foster innovation. In essence, resilience coupled with advanced technology defines the blueprint for thriving amidst uncertainty.
- Reshoring in US: Need for Locally Resilient Supply Chains
US companies are increasingly reshoring their operations from China in response to supply chain disruptions and global uncertainties. CEOs in the US are investing in emerging technologies to enhance productivity and gain a competitive edge. The reshoring movement aims to build locally resilient supply chains and mitigate future risks. By adopting reshoring, the US can strengthen its manufacturing sector, foster economic growth, and create sustainable jobs.
- Keeping an Eye on the Road: The Surge in Driver Monitoring System (DMS)
With a significant number of road accidents attributed to distracted driving, the adoption of “Driver Monitoring System” (DMS) gained traction in the automotive industry. Governments worldwide are considering legislation to make DMS mandatory, while car manufacturers are embracing this technology to enhance the safety of their vehicles. Will DMS become a safety norm across the globe in the coming years?
- Metaverse-as-a-Service (MaaS): Raising the Bar of Web 3.0
While the term ‘Metaverse’ is getting a lot of publicity, the concept is still in its infancy. User experience in Metaverse is still developing and is expected to reach phenomenal heights in future. The online world has gone beyond purchasing licenses or setting up software on computers. Nowadays, businesses do not even own or manage their gear; everything from software to document storage to infrastructure hardware is offered "as a service". Therefore, MaaS, or metaverse-as-a-service, is the logical next step. MaaS offers a platform to pilot early concepts by enabling the use of metaverse for branding and marketing.
- Virtual Estate - An Illusion?
Metaverse is a next-generation system that delivers content and services, probably why it is referred to as the evolution of the internet. Just as radio served as a platform for music and audio content, metaverse will be the foundation for web browsers with organized data and information on web pages and platforms.
- The Internet of Behavior: Shaping the Future of Data-Driven Insights
Today’s interconnected world has given companies access to an immense amount of data. This data can be used to predict human behavior, possible outcomes to a certain situation, general behavioral patterns, and design offerings accordingly. This process is called Internet of Behavior (IoB) and can be used in various fields such as marketing, healthcare, insurance, and even policy making.
Special Reports
6 special reports found for artificial-intelligence:
- M&A in Artificial Intelligence | Q1 2023
Artificial intelligence has been a buzzing term for quite some time now. The sentiment continued as we entered the first quarter of 2023, with the M&A market recording strong activity in AI. Although the number of AI technology deals slid from 200 in Q1 2022 to 186 in Q1 2023, the total deal value in Q1 2023 was US$12.7 billion compared with US$4.6 billion in Q1 2022. AI funding fell 43% QoQ to US$5.4 billion in 2023, the lowest quarterly total since Q1 2018. Meanwhile, deals slid for the fourth quarter in a row to 554, the lowest tally since Q4 2017. AI unicorn births remained stagnant at five compared with that in the previous quarter. However, AI advancements are expected to benefit investors across a diverse range of technical and creative fields. Several technology companies have developed AI-powered chatbots and increased collaborations and partnerships to integrate and bolster AI capabilities. Going forward, tech giants are expected to actively undertake M&A activities in the AI space.
- Advanced Applications of Artificial Intelligence (AI) in Healthcare
Artificial Intelligence's transformative impact on healthcare includes advanced treatments developed by major industry players. In nanomedicine, AI optimizes drug formulations and delivery, reducing side effects by analyzing complex biological data and predicting drug interactions. ML algorithms, like convolutional neural networks, revolutionize medical imaging for precise disease diagnosis with diverse imaging techniques. Integrating AI in surgical robotics, personalized medication, and virtual & augmented reality can reshape healthcare by enhancing quality, efficiency, and accessibility of care.
- Impact of ML and Mobile Application in Personalizing ART
The report gives an overview of the ESHRE conference held in Copenhagen, Denmark, from June 25th to 28th, 2023. ESHRE focuses on reproductive medicine conferences, with a particular emphasis on the role of artificial intelligence in customizing assisted reproductive technology. The topics covered include improved Assisted Reproductive Technologies conversion rates with patient-centric Machine Learning-prognostics reports and a ~50% reduction in stimulation cancellation through the integration of mobile apps.
- Amalgamation of AI in Pharmaceutical Drug Development
Artificial intelligence (AI) is revolutionizing the pharmaceutical industry by helping to accelerate drug discovery, improve manufacturing processes, and personalize patient care. AI-powered tools can analyze vast amounts of data to identify new drug targets, design more effective molecules, and predict the safety and efficacy of potential treatments. As AI continues to mature, it is poised to play an even greater role in the pharmaceutical industry, helping to develop new drugs and improve patient outcomes faster and more efficiently than ever before.
- Diagnostic Proteomics in Disease Detection & Personalized Medicine
Diagnostic proteomics, driven by innovation and computational tools, is reshaping disease diagnosis and treatment. North America leads the global proteomics market due to increased chronic diseases and advanced diagnostic labs. Technologies within the space, such as “Proteogenomics” is crucial for understanding diseases, especially in cancer diagnostics, while mass spectrometry-based proteomics aids biomarker discovery. Further, “Liquid biopsies”, incorporating proteomics, allow non-invasive disease monitoring and early cancer detection. Use of Artificial intelligence helps in tackling drug design challenges. Despite hurdles like data complexity and regulatory issues, several companies are collaborating to advance proteomic diagnostics for early disease detection.
- M&A in Aerospace and Defense | Q3 2023
The aerospace and defense (A&D) industry is highly competitive, with a limited number of major players. Consequently, mergers and acquisitions (M&A) activity in the sector is low, but when deals happen, they are often large and transformative. Recently, there has been a trend toward consolidation in the A&D sector, as companies look to gain scale and market share. This has been driven by several factors, including the rising cost of developing new technologies, the increasing complexity of defense programs, and the growing importance of global supply chains. M&A activity in the A&D sector is expected to remain strong in 2024, as companies look to consolidate their positions and gain access to new technologies and markets. Due to increasing importance of artificial intelligence and other emerging technologies in A&D, companies are looking for targets with expertise in these technologies to develop new products and services and improve their operational efficiency. Overall, the outlook for M&A in the A&D sector in 2024 is positive, as it can be a powerful tool for companies to achieve their strategic goals.