Money Control 

In the future, the areas with the greatest growth opportunities will include; Service outcome-based business models instead of just power generation and transmission. Internet of Things (IoT) devices and sensors that track and transmit data from and to the grid. IoT infrastructure spending by utilities is forecast to reach more than $2 billion by 2024, growing at a CAGR of 20.5 percent.

Live Mint 

According to Rakesh Nangia, managing partner, Nangia Advisors (Andersen Global), the use of artificial intelligence, machine learning, video conferencing, telecommunication application software and mobile applications in e-assessment process are a few measures which emerged economies have already adopted long back.

Elets Online 

Rahul Kapoor, Director, Smart Cities, talked about the massive role technologies like Data, AI, IoT are playing in the Smart Cities Mission of the Government of India. He stated, “Smart Cities Mission started a dialogue with technology and gradually technologies like IoT were deployed. However, these weren’t devoid of challenges.

CIOL 

Companies have increasingly started to hire mobile app development companies to create apps for improving user interaction and increasing customer retention. AI chatbots offer an equally, if not more, efficient alternative. For instance, long waiting time is one of the biggest reasons companies lose sales. Real-time chatbots can respond to user queries within seconds.

Business World 

Artificial Intelligence (AI) in its most simplistic definition is the ability to mimic human intelligence to the level at which it becomes very difficult to distinguish between a human and a machine. Machine Learning (ML) is a method or an algorithm of letting an AI application figure out the steps needed to accomplish a specific task.

Analytics Insight 

The field of surgery is seeing a time of extraordinary change as a result of amazing recent advances in surgical and computer innovation. Robotic surgery could change treatment by giving exact, stable, and apt help to human surgeons. The best-known surgical robot, Intuitive Surgical’s da Vinci, is intended to improve the clinical results of patients through insignificantly invasive surgery.

Analytics Insight 

Cybersecurity has always been a critical issue in the financial sector, especially for banks and lending companies. Cases of fraud have been prevalent in recent years, so companies will have to step up in terms of adopting the right tools for keeping their financial data from falling into the wrong hands. Cybersecurity packages have become even more sophisticated to better address new threats.

Business World

The rise of autonomous robots and vehicles is directly linked to advances in Artificial Intelligence. Affective computing focuses on systems which can even decipher emotions. These computers would use facial expressions, postures, gestures, speech, temperature of body etc to understand emotional state of user and adapt its response accordingly.

Analytics India Mag 

By Vishal Chawla

Businesses need predictability of functions and in this context, AI-powered recommendation systems have a prominent role to play in driving revenue growth. For example, AI can add value for sales through contextual recommendations using data in customer interactions across different channels. AI-driven processes can also be applied to a number of related areas at the same time.

Sia Sat 

More than two years after the infamous Wannacry ransomware crippled medical facilities and other organisations worldwide, the healthcare sector seems to be learning its lessons as a new report has revealed that attacks on medical devices declined to 19 per cent in 2019 from 28 per cent in 2018. The decline in the number of attacks against devices in healthcare facilities is, however, not observed everywhere, according to the findings by cybersecurity firm Kaspersky.