AI has been one of the leading innovative topics to hit the technology world over the past couple of years. At first, people thought that AI was only the process of creating machines that will inevitably destroy the human race, and didn’t understand that algorithmic machine learning could have stark benefits for business and society. Today, AI can be found in all types of different pieces of software. Let’s take a look at a couple of ways AI is currently being used in business.
It’s not always easy to identify what will be hip and trendy years from now, but big data is attempting to bridge this gap. In general, due to the unpredictability of human behavior, it can be difficult to spot cultural anomalies before they happen. Despite these challenges, algorithms are being applied to various practices in both the business world and elsewhere. One innovative way in which it’s being used is by attempting to predict the next bestselling novel.
Utilizing the data that you have acquired is a process that is referred to as business intelligence. Regardless of your business’ size, business intelligence solutions can deliver definite benefits. We’ll review a few of these benefits here.
You may have noticed that there has been a lot of discussion about data recently; specifically, how it has become a driving force in organizational decision making. This month we will take a look at the data revolution, how the data (created by the analysis of other data) has become a commodity, and what is the real value of an individual’s data.
When you think about Big Data, thoughts typically turn to how businesses use the technology to collect and analyze massive amounts of information for the purpose of making sweet profit. Although, there's much more to Big Data than making money; scientists are using the technology to help save the rainforest.
IT requires several factors in order to function properly. First of all, it can’t exist without information, and this information can’t exist without data. Technology is what creates data so that your company can take advantage of changes in the industry and business environment. It might seem like a lot to take in, but understanding the flow of data is necessary for a business owner. Otherwise, you won’t be able to take advantage of it to jumpstart sales and profitability.
As the calendar fast approaches 2015, the topic of IT budgeting for the new year is a hot topic. It’s the time to decide how much you will spend in comparison to how much you should spend. Budgeting can be a difficult decision, especially if you’re a small business owner with a limited budget. Thankfully, you don’t have to take on this important part of business alone.
The Internet of Things is on its way, and more devices are connecting to the Internet than ever before. Unfortunately, this also means that more devices are vulnerable to the threats that cybercrime poses. Some professionals believe that, despite the obvious benefits that the Internet of Things provides (i.e. big data analytics) some cyber criminals might turn to more nefarious schemes.
A lot of today's companies are taking advantage of the money they can save by switching to an outsourced IT provider, but they all have their reasons. The reasons why they outsource their IT may vary by company, but there are always constants that can help you figure out what you should expect from your IT.
