We at CHI Software are exploring AI from various perspectives, applying it in numerous domains. In this article, we look closely at AI-based decision-making.
In a Gartner survey,65 percent of respondentsagreed that their decisions now are more complex (involving more options and participants) than they were two years ago. Businesses have to keep up with the high pace of changing market conditions, but they struggle todoit effectively.
Read on to learnhow and when to apply advanced AI decision-making. We’ll guide you through basic terms and step-by-step integration instructions. Follow along!
Let’s start with the essentials. AI decision-making is data processing…
During the pandemic crisis, retailers need deep insights, allowing them to compete and grow their loyal audience. The best way to get it is to deploy artificial intelligence (AI) and machine learning (ML). And it’s not just a random opinion.
The market of artificial intelligence in the retail industry will be growing with a 35% CAGR up to 2027 (according to Market Study Report). Valued at 1.80 billion USD in 2020, the market is expected to reach 14.71 billion USD in 2027. What a breakthrough, right? There must be reasons for that.
Right now, we’re shedding light on the whole…
Have you ever thought about the amount of data surrounding you daily? How about your business life? Here are some staggering stats.
Every second of 2020, Facebook users sent 150,000 messages, while YouTube users uploaded 500 hours of videos (according to the Data Never Sleeps report).
The question is, how is it possible to handle content that’s out of your control and use it for your business benefit? That’s when unstructured data management comes into play. First, let’s look at what unstructured data is and what benefits it can bring.
What Is Unstructured Data?
Unstructured data is any type of…
A smart healthcare solution can save time and lives — and these are not just big words, especially during the global pandemic. People worldwide started using medical apps more frequently in 2020; in fact, the number of downloads grew by 65 percent, according to Statista.
With this article, you’ll discover how to make a medical app. But first, you’ll learn more about the mHealth market, app types, and their benefits.
Let’s Take a Look at the HealthTech Industry
Mobile apps are a promising area for the healthcare industry. According to Statista, the estimated value of the global HealthTech market was…
The e-learning niche is not particularly new for the global customer. It’s been growing before the pandemia with $138 billion in 2019 and is going to reach $404 billion by 2025 according to the Holon IQ report “Sizing the Global EdTech Market”.
Continue reading to get a full overview of the e-learning world: the market’s state, niche peculiarities, and the most important things to consider before you create an educational app of your own.
EdTech Industry Overview: Numbers and Trends
According to Holon IQ, a platform that provides data and analysis of developments in the global education market, the pandemia…
Fintech is one of the main areas of software technology used today. It is evidenced by the growth in the number of startups in this domain. From 2018 to 2020, it was 72 percent, from 12,000 to almost 21,000. Large-scale transformations concern, first of all, mobile solutions in the field of financial transactions and data processing.
In this short overview, we’ll tell you about the essence and importance of the sphere and how to build a fintech app that may well become “the next unicorn.”
What is Fintech?
In a broad sense, the concept of fintech is understood as a…
Cost to Build an App that Uses AI
We live in the era of “Software 2.0,” when artificial intelligence (AI) technologies are widely used in desktop and mobile application development. According to a Gartner report, 85 percent of customer interactions in 2020 are non-human.
If you are interested in innovations, read about the capabilities of such systems, AI app development, and its cost in this article.
How AI Gains a Foothold in the Mobile App Market?
Apps that use AI have long been the object of scrutiny from startups and company owners. The market value of AI is estimated to…
Online banking is one of the fastest-growing areas in fintech, especially in the mobile field. Smartphone transactions are expected to reach 88 percent of total banking money transfers by 2022.If you want to be on top of the trend, read about features, the building process, and the cost of developing a banking app in this article.
Why You Need to Develop a Banking App
Companies and startups are actively investing in banking apps. But the market is enormous, and there is still plenty of room for new players. …
The impact of data science in retail and e-commerce is constantly increasing, and the pandemic has only accelerated the digital transformation. Retailers turn to big data to implement smart automation and get better return on investment (ROI), and this direction of software development is becoming more relevant every day.
In this article, we’ll consider the role of data science in retail, challenges on the path of implementing it, and features of deploying such solutions.
Data Science in Retail in 2021: Application and Challenges
By 2021, data science solutions have been implemented in almost all industry’s processes. …
Artificial intelligence (AI) has existed for over half a century. Today, it is a well-known and frequently used technology, the foundation for innovative “successors” such as deep learning and neural networks, and a reality that is here to stay for the foreseeable future.
But creating solutions powered with artificial intelligence is still challenging. We have prepared a guide to help you accomplish it and learn how to develop AI software.
What Is AI, and How Does It Work?
The concept of artificial intelligence applies to a set of technologies, a sphere of knowledge, and the properties of computer systems. In…