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Technology

The AI Advantage: How Retailers are Winning with Intelligent Technology

The Nvidia study found that AI has already been a game-changer for retailers, with 69% reporting an increase in annual revenue attributed to AI adoption and 72% of retailers that already use AI saying they experienced a decrease in operating costs. According to recent reports, the global AI in the retail market is expected to reach $40.74 billion by 2030, witnessing a CAGR of 23.9% from 2022 to 2030. The increasing market size can be attributed to the increased digitization across the retail sector.

Accelerating Academic Medical Research with an AI-Driven Data Strategy

Academic medical centers (AMCs) are a critical keystone of healthcare systems worldwide. They serve as major hubs of medical research, pioneering new treatments that advance and set the standard of care throughout medicine. They also educate and train the next generation of healthcare professionals, ensuring that the medical field continues to advance. In the U.S. alone, there are more than 230 active AMCs, and a significant number are part of a health system.

Top 7 Must-Try AI API Tools for Developers

Upon close inspection of the growing adoption of artificial intelligence across different industries, it becomes apparent that a lot it rests on the shoulders of API-powered systems. A survey by McKinsey found that 56% of respondents reported AI adoption in at least one function within their organizations, with significant increase in the use of AI APIs for tasks like natural language processing and computer vision.

How to Grow Your Business with Ansoff Matrix?

Are you ready to take your business to greater heights? Do you dream of expanding your reach, increasing your customer base, and boosting your revenue? If the answer is a resounding ‘yes,’ then you’ve come to the right place. Ansoff Matrix can help you achieve all your business goals. In today’s competitive world, staying stagnant is not an option. Businesses need to constantly evolve, adapt, and innovate to thrive.

Building Customer-Facing Gen AI Applications Effectively & Responsibly - MLOps Live #31 with MongoDB

In this session, we explored the unique challenges of implementing gen AI in production environments, when agents are in direct contact with your customers. We shared the Iguazio & MongoDB one-stop-shop solution for building gen AI applications that scale effectively and efficiently, with built-in guardrails and monitoring. We'll show how the end-to-end application lifecycle is addressed – From data management all the way to governance and monitoring in production.

15 IT outsourcing benefits you need to know!

IT outsourcing has become a prevalent business strategy in modern times. While pinpointing its exact inception is challenging, most industry leaders attribute its emergence to the 1980s. Over the course of almost four decades, significant advancements and enhancements have occurred that have literally increased the benefits of IT outsourcing. ‍ ‍

Flink AI: Real-Time ML and GenAI Enrichment of Streaming Data with Flink SQL on Confluent Cloud

Modern data platforms enable enterprises to extract valuable business insights from data, sourced from various origins. Data engineers, data scientists, and other data practitioners utilize both data streaming and batch processing frameworks as a means to provide these insights. While batch processes work on historical data, stream processing extracts insights in real time, enabling businesses to react faster with respect to changing events.

Benefits and Applications of Open Source AI

The open-source philosophy and principles have always been about the democratization of knowledge—giving everyone the opportunity to access, learn, modify, and share software freely. As we see AI technologies seemingly taking over our day-to-day lives, we need those benefits in AI as well. Open-source AI inherits the open-source principles. It fosters transparency and collaboration, allowing us to build robust and secure AI systems.