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6 Remarkable Applications of AI in the Oil & Gas Industry

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Consequently, like every other sector, O&G is exploring the vast potential of Artificial Intelligence (AI) applications to increase productivity, boost security, enhance equipment availability, maintenance, and uptime, and enable sustainable operations. It leverages reliable, high-quality data to augment asset performance.

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Top 5 Myths About Data Analytics You Should Stop Believing

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Data Analytics in Business. According to Stastia , the global big data market is forecasted to grow to 103 billion U.S. dollars by 2027, more than double its expected market size in 2018. While data analytics helps companies make informed decisions and gain a competitive edge, misconceptions surrounding it can hamper its impact.

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The Synergy Between GPT and Microsoft Power Platform: How AI and Low-Code Development are Revolutionizing Business Operations

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Recent advancements in Generative AI and machine learning (ML) have enthralled enterprises and consumers alike, as we recently saw with the launch of GPT-4. Its primary purpose is to help users with diverse technical backgrounds and skills create their own applications, automate workflows, and analyze data with ease.

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Key Essentials of Modern Business Intelligence

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The Growing Importance of Data. The global big data market is forecasted to grow to about 103 billion U.S. dollars by the year 2027 – Statista. Data continuously flows from a plethora of internal and external channels including computer systems, networks, social media, mobile phones etc.

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How Automated Medical Transcription Can Impact Hospitals Worldwide?

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Patient history, past surgeries, current medications, allergies, and social habits make up a single patient’s transcript, making it essential to incorporate an ability to predict future outcomes and extract meaningful insights from such data. billion by 2027, growing at a CAGR of 17.8% Generate new insights from transcribed data.

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Augmented Analytics – Everything You Need to Know

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Data Analytics – The Usability Problem. Data is the oil and analytics is the combustion engine – Gartner. As per research by Statista , the value of the software segment of advanced analytics and other big data services will increase to $46 billion by 2027. Data’ is not the same as ‘insights’.

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Consumer Bots Strategy for CPG Marketing

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billion by 2027, at a CAGR of 33.2% A single chatbot can handle queries in multiple languages and serve thousands of customers together at scale. Level - 2 Chatbot: Product promotion, marketing, and advertising using customer data. billion in 2022 to USD 6.7 and provide suitable answers or escalate the case if needed.