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AI as a service to solve your business problems? Guess again

TechCrunch

SaaS, PaaS – and now AIaaS: Entrepreneurial, forward-thinking companies will attempt to provide customers of all types with artificial intelligence-powered plug-and-play solutions for myriad business problems. Industries of all types are embracing off-the-shelf AI solutions.

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10 things keeping IT leaders up at night

CIO

CIOs are hardly Luddites, but even some technologists fret about artificial intelligence, the rapid pace of tech evolution, and their ability to keep up. That’s not to say they’re looking to ditch their roles or smash machines, as the real Luddites had. Yet CIOs do admit that they’re worried about multiple issues these days.

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Next Best Action Marketing: How to Implement Hyper-Personalization with Machine Learning

Altexsoft

In this article, we’ll discuss what the next best action strategy is and how businesses define the next best action using machine learning-based recommender systems. The funnel for each customer is unique as each customer learns about a company or its services at their own pace and style. This changes the game for marketers.

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New Zealand-based Imagr thinks camera-based AI is the future of shopping trolleys

TechCrunch

The value of transactions processed by frictionless checkout technology is estimated to reach $387 billion by 2025, according to a 2020 study from Juniper Research. Amazon Go’s automated convenience stores are expanding internationally, which Chomley says scares retailers who fear competition from the tech giant.

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Off the Shelf vs Custom Software: Making the Right Choice for Your Business

Trigent

Here’s all that you need to make an informed choice on off the shelf vs custom software. While doing so, they have two choices – to buy a ready-made off-the-shelf solution created for the mass market or get a custom software designed and developed to serve their specific needs and requirements.

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Length of Stay in Hospital: How to Predict the Duration of Inpatient Treatment

Altexsoft

This article describes how data and machine learning help control the length of stay — for the benefit of patients and medical organizations. Length of stay calculation for hospitals: how machine learning can enhance results. Today, we can employ AI technologies to predict the date of discharge. days in 1960 to just 5.4

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Introducing the GenAI models you haven’t heard of yet

CIO

In fact, according to Lucidworks’ global generative AI benchmark study released August 10, 96% of executives and managers involved in AI decision processes are actively prioritizing generative AI investments, and 93% of companies plan to increase their AI spend in the coming year. We select the LLM based on the use case.