Author: Vishal Patel

Vishal Patel is an experienced Solution Consultant with a proven track record in the information technology and services industry. With a strong skill set encompassing Business Processes, IT Service Management, and IT Strategy, Vishal is a well-rounded professional. Holding a Master of Business Administration (MBA) degree focused on Information Technology from SYMBIOSIS INTERNATIONAL UNIVERSITY, he is equipped with the expertise to thrive in his field. With a passion for AI/ML/Blockchain, Solution Architecture, Cloud Native Solutions, and Scalable SAAS Products, Vishal shares his expertise and experiences to keep you up to date with the latest trends and advancements. Don't miss out on the opportunity to learn from Vishal's valuable insights by following him on social media.

Top 6 benefits e-commerce businesses can get from mobile apps

Posted on by Vishal Patel

Everything is changing in this fast-growing digital world. With the evolution of education, the way of doing business, our living habits, everything has changed. In such a situation, if you run only one commerce business, then you will not be able to run your e-commerce business well just by having a website. Due to digitalization, there has been a boom in online shopping these days.

People have never done online shopping as much as they are doing nowadays. In such a situation, it becomes very important that their facilities are taken care of so that they do not have to suffer in shopping. Creating an application to grow an e-commerce business provides many facilities and effective services not only to the buyer but also to the business owner.

E-Commerce businesses cannot give you a hundred percent growth only through a website. If you develop your mobile application, you will get manifold conversions through it. You will see that you are able to provide a customized experience to the customers, due to which customers are spending more time on your website and mobile application. Obviously, this will increase your sales and your profit will also increase.

Now let us know about some of the Benefits of having an e-commerce mobile app for business that will make it clear to you what the advantages you will get only after creating a mobile application for an eCommerce business.

Increase customer loyalty

According to a survey, if the customer searches about your services through the mobile application, then the chances of him using your service are more through the website. You can provide a variety of facilities to the customers in your mobile application so that they keep their trust in you. Any customers who shop for a specified amount within a limited time will be given some kind of coupon or reward at the end.

With this, customer loyalty will remain and he will continue to come to you. You can also provide facilities like Refer and Earn in your mobile application. This will also do your marketing for free and the customer will also get benefit from it.

Personalized experience

You can track what kind of product the customer is interested in in your mobile application. According to the customer’s history, you can give him a recommendation. From time to time, you can remind the customer through a notification that your shopping is pending or any kind of offer has come for you. You can also encourage customers to buy through hidden commands or call-to-actions.

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Brand recognition

From the perspective of building a brand, having an application increases your credibility manifold. The customer counts the mobile application as a reliability factor. With its help, it is also easy for you to build your brand and you can implement new methods in your business quickly.

Payment options

Within your mobile application, you can integrate as many payment gateways as you want according to your customers. You can provide many facilities like Net Banking, Debit Cards, Credit Card, QR Code, Google Pay, Paytm, and Paypal in your mobile application. It is only up to you how convenient and great you want to make your application. The better the experience you give, the more the customer will be attracted to your business.

Ease of use

Through the mobile application, customers can open your store at any time with just one click. He will not need to go into the browser and type your website. The mobile application will open faster than the website and the customer will get a better experience.

Better marketing

Having a mobile application is a great tool for marketing a business. If you use it carefully and wisely, it can do many things for you even for free. You can provide Refer and Earn type of facilities in your mobile application, with the help of this people will start sharing your application on their own. If you want, you can build a community where people can connect.
Overall, the mobile application is a better option for marketing, provided you use it carefully and wisely. You have to keep in mind that the customer experience is supreme. If your customer is feeling good using your mobile application then he will never call your business wrong.

Conclusion

From all the main points given above, we know that having a mobile application can be very useful for any e-commerce business. E-commerce business mobile application gives us advantages in many ways. If you also run the same e-commerce business, then make a mobile application for your business today. This will bring rapid growth to your business and your profit margin will also increase.

Five ways blockchain can transform traditional business

Posted on by Vishal Patel

The global economy is getting great heights after the inception of digitization. Traditional digital technologies were capable of enhancing business processes by delivering the required outcomes more safely and quickly. However, with the growing technology and increasing demands of users, tech innovators have developed more immersive technologies, and Blockchain is one of those technologies.​

Blockchain technology is getting popular very quickly, not only in the tech arena but also in other business domains. Entrepreneurs now can easily leverage the benefits of this technology in increasing their revenue, efficiency, and productivity. Indeed Blockchain has given quick momentum to the digital tech world.

Blockchain is distinguishable from traditional digital technologies – not just an exchange of value. This innovation has become the top priority of several businesses worldwide, especially in energy, manufacturing, and banking.

According to International Data Corporation (IDC), Blockchain technology will achieve nearly 12 billion USD by 2022. Top business leaders have realized the huge and disruptive potential of this technology, and they consider it a game-changer technology in the future world.

Therefore, we can apply Blockchain in different industry verticals. Let’s check how you can transform your traditional business with blockchain technology:

Accounting

Accounting is one of the biggest verticals in any industry. Proper handling of accounts is vital to keep organizations safe and stable. It is also a challenging task as it needs a decent amount of precision and accuracy. However, with Blockchain, you can easily address all the issues and maintain the standards.

Deloitte is one of the most reputed organizations also using blockchain technology from the early days.

Blockchain offers transparency that can help you minimize the time your auditors spend validating and sampling transactions. In this way, auditors can focus on other vital tasks as well.

Human resources

The Human Resources (HR) department is an integral part of any organization that plays a vital role in recruiting people to take the business to new heights. Their job includes hiring the best resource, training them and coordinating with them for all essential things.

The HR department also handles employee relations, experience, and bonuses. Blockchain assists you reduce the chances of getting wrongful data from the employees about their previous company. This historical data is stored in huge servers of blockchain technology, and no one can manipulate or alter this data. Blockchain also helps you in managing your payroll systems. Businesses can use this technology to standardize their payments and other backend tasks. In this way, it helps you pay your employees easily.

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Information technology and cybersecurity

According to Deloitte, The potential of blockchain technology to assist revolutionizes the $122bn global cyber security market. David Schatsky, Managing Director at Deloitte U.S, said that this technology could also offer the best ways to record any digital interaction or transaction more securely and transparently that is highly resistant and efficient to outages.

Recently you must have heard about data breaches at Equifax, Yahoo, and other companies. This data comprised billions of birth dates, names, addresses, and other private information of users. Nowadays, organizations, irrespective of their size, are focusing on securing their programs, networks, and data from unauthorized access and damage.

Advertising and marketing

To a report by Juniper Research, advertisers will lose nearly $19bn to unauthorized activities next year, equivalent to $51 million per day. This data shows that advertising on mobile devices and online is assumed to reach $44bn by 2022.

Blockchain technology underlying different cryptocurrencies like bitcoin can assist in reducing “click fraud,” ensuring that advertising and marketing professionals achieve their target market.

Operations and management

Blockchain technology is playing a key role in reshaping business operations and management. Moreover, technology brings new opportunities to businesses by creating operational and managerial efficiencies in developing markets.

As we know that developing markets are not fully capable of understanding new products and services, Blockchain can help you leverage the advantage of the market.

When we talk about the future of blockchain technology, it has huge potential to bring new concepts and ideas into the real world, connect it to the present world, and make good sense of everything ruling the market.

According to the PWC report, 77% of financial organizations rely on blockchain technology as a key part of their production or manufacturing process. This technology is full of new opportunities that you can bring to your business. The major role of blockchain technology relies on how we leverage its potential in our business operations.

Artificial intelligence vs. Machine learning vs. Deep learning: new ethics of future innovation

Posted on by Vishal Patel

Every technology and innovation that comes, brings many options for employment with it. We have seen that technology is increasing rapidly in the time of Covid-19 and along with it many opportunities have also increased. In such a situation, a lot of work is being done through automatic machine learning and artificial intelligence. In a few years, artificial intelligence will remove about 20 to 30% of the manpower. This number is increasing very fast and machines are replacing humans. Although machines will not be able to completely remove humans, still it will make our work much easier.

Many big and big companies are working on these new technologies very fast. Multinational companies like Tesla, Microsoft, Google have started adopting these technologies rapidly and are continuously improving them. You may be still confused about Artificial Intelligence, Machine Learning, and Deep Learning. Today we will find out the difference between these three things and try to know each one very well.

Artificial intelligence: advanced human intelligence

Artificial Intelligence is a word that is in discussion all around these days. It enables a computer or machine to think so that it can make its own decisions. If you think at once, it seems impossible that how a machine can take decisions on its own. But if we go deep into machine learning, computational intelligence, and many other things, we will find that it can be possible.

There is no doubt that Artificial Intelligence is growing very fast. According to Inc., by the beginning of 2022, artificial intelligence will become a $3 Billion industry. Combining Artificial Intelligence with Human Abilities will give us amazing results which we have already started seeing. Using Artificial Intelligence in the right way will be very beneficial for us. With the help of this, many of our tasks will be done very easily and quickly.

Concept: Artificial intelligence is such an ability that understands and replicates the human mind and the capacity of the human mind. Through artificial intelligence, scientists enable machines to give them the ability to think. The main purpose of artificial intelligence is to solve big and complex problems in a jiffy.

Machine learning is a very big app, inside which there are many small concepts and subcategories. Developers are researching these subcategories by working specifically on them so that they can be used properly. Some of the subcategories that come under Artificial Intelligence are as follows:

  1. Machine Learning
  2. Deep Learning
  3. Cognitive Learning

Benefits of AI

With the speed with which artificial intelligence is being worked on, it can be estimated that there will hardly be any industry where artificial intelligence will not be used. The main purpose of artificial intelligence is to make the machine think and or rather make the machine think smartly. With the help of artificial intelligence, much of our work will be done very easily, due to which our manpower will decrease.

Machine learning

Machine learning is a part of artificial intelligence. It has started being used. For example, you do some search on Google and after some time you will find that you will start seeing advertisements related to the same product. Have you ever wondered why and how this happens? These things are done using machine learning. The search results and advertisements shown to you are happening only through machine learning.

Mainly, Machine Learning brings you relevant information for the future by connecting data and experiences from the past. Four things are necessary to make machine learning possible which include Pattern, Prediction, Inpit, and Past Experience.

Raw data is the main input in machine learning and, it processes it and shows you relevant data. There are mainly three algorithms used in machine learning, which are as follows:

Supervised learning algorithm

In this algorithm, some dataset is provided to the computer, and using that dataset computer provides the output. Suppose machine learning has to show what a mango looks like, then a supervised learning algorithm will be used for this. In this, you have to define a dataset that how a mango looks, what is the color of a mango, and many other things. Along with this, a label data set will have to be given in which the name of the mango will have to be defined. Based on this, whenever the algorithm gets that kind of data, it will guess that it is a mango.

Unsupervised learning algorithm

In this technique also have to create some data sets in advance, for example, you want to give data of cricket and football to the computer. And finally, you want to know how many footballs are there and how many cricket balls are there. For this, you will explain to the computer that to store the big ball separately and store the data of the small ball separately. The computer will work based on this and in the end, will tell you how many footballs and how many cricket balls are there in the data you have input.

Reinforcement learning algorithm

This algorithm is taught how to read and scan the data of the given input and predict the output. There are many algorithms inside this algorithm that give us the ability to work in different ways.

  1. Linear Regression
  2. Naive Bayes
  3. Logistic Regression
  4. Decision tree
  5. K-Mean
  6. Random Forest

Benefits of machine learning

With its help, we get help in decision-making, and also gives us the ability to do tasks automatically. With its help, we can convert the existing data into analytics and graphic representation. In this, we get good results, and features like multi-variety functionality are also available. Overall, it is a beneficial technology.

Deep learning

Deep learning is a field of machine learning, it all comes under artificial intelligence. It is the part of machine learning that examines the algorithm of the computer and gives us even better results. A lot of things like Chat Bots, Virtual assistants, and Face Recognition like difficult tasks are done with the help of Deep Learning. Artificial Intelligence is a very big field in which even impossible tasks can be done. Deep learning is a part of the same which focuses on a specific area which includes following tasks such as face recognition chatbots etc.

Benefits of deep learning

How much do face recognition, chatbots, and virtual assistants help you? Doesn’t that make your job easier? In the same way, as much time as it saves for you, it saves the same amount of time and consumption of manpower. Because all these things are happening with the help of an automatic process, then there is no need for manpower in it. Along with this, it is also useful for us because, with the help of them, our work gets done easily, fast and in the right way.

By the way, artificial intelligence, machine learning, and deep learning sound alike. But when you understand these concepts deeply, you will find that there is a lot of difference between them and they are completely different from each other. Artificial intelligence is man technology within which machine learning and deep learning come. Each concept has different algorithms and processes based on which they all work. We hope that after reading this article, you must have understood the difference between all these. In this rapidly changing digital world, Artificial Intelligence is going to grow at an even greater speed. Everyone is waiting to see how the upcoming results will be.

Top blockchain trends that will impact your business in 2024

Posted on by Vishal Patel

Blockchain is a type of database and do you know what a database is? A database is a collection of information that is stored electronically on a computer system. The technology was first introduced in 1991 through Stuart Haber and W Scott Stornetta, but the blockchain introduce its first real-world application with the launch of bitcoin in 2009. Blockchain has had a revolutionary impact on almost every industry in the past year. It is being rapidly adopted by many businesses. Many industries are also hiring Blockchain developers so that their businesses can adopt this technology faster and more intelligently. This technology is useful not only for handling transactions but also for every business that exchanges information and shares any information related to the transaction.

Let’s explore

Top blockchain trends that impact on business in 2024

As the demand for cryptocurrency is increasing very fast nowadays, the same blockchain has also become a new trend very fast. So let’s know how Blockchain has the ability to change the way you do business.

Using blockchain as a service

Big companies have started hiring Blockchain developers and they are also providing its services. Companies like Amazon, Microsoft and Infosys are working fast on this. It is a cloud-based service in which users can create their own products with the help of blockchain. This product can also be any kind of service that can be built with the help of the cloud without infrastructure. A variety of decentralized applications can also be built into a product. Overall, it is fast gaining momentum and will turn your business 360 degrees in just a few years.

Innovative progression

Talking about the various industry, Tesla is doing the most amazing work in cars. When it comes to the food supply, Walmart’s name comes first. Ford is doing the best work in the Indian automobile. Similarly, in order to bring new changes in the business and to target the right customers, the data stored in the blockchain will help the businessman a lot in finding it. There will be many best blockchain companies in India near future, who will be providing these services. They Will hire blockchain developers to make it more understandable, easy, and innovative.

Understanding blockchain: skill & experience

There is no doubt about this that new things bring new problems. But with new things also come a lot of opportunities which we should pay attention to. Since blockchain has just come into the new market, naturally the number of its professionals is also very less. If you understand it well and become a professional then you have a very high chance of earning very good money. If you are able to do this then it will be a great opportunity to make your career.

Which industries will opt for blockchain in 2024

Although this technology will be useful for all types of business and business. According to us, there are some industries that will start using it first and it will be very beneficial for them. So let’s know about some industries in which we can see it being used very quickly.

Food industry

Blockchain will stir up the food industry and expose everything that is almost impossible to detect right now. This will keep everything on track and work with transparency. It will become much easier to trace where the perishable goods are coming from and where the perishable goods and expired goods are being stored. After the implementation of blockchain in the food industry, it will become impossible to do any work in secret.

Gaming & entertainment

If you play the game, you will know that many game franchises have started accepting payments in Bitcoin and other cryptocurrencies. Many gamers know about this. But blockchain can offer many other benefits to the gaming industry beyond payment transactions.

With the help of this, the whole process will be transparent and the player will also be able to know how much an item is worth. Many scams can be stopped by this. Game franchisees will be able to monetize themselves easily with its help. There is a lot of fraud and scams in the gaming industry, so our estimate says that by 2024, more than half of the game franchises will start using this technology.

have started providing cloud-based services. A lot of blockchain developers will be hired and the scope of making a career in it is also increasing rapidly. What’s your view on Top Blockchain Trends That Will Impact Your Business in 2024?

Six best and highly reliable blockchain platforms to choose in 2024

Posted on by Vishal Patel

With the rapid demand for blockchain technology, every business has started to experience its potential. Initially, blockchain was very much suitable for some specific industries like finance; however, with the technical advancements, its uses have increased across several industries incorporating the software development arena.

Since organizations worldwide have begun to explore blockchain capabilities by creating blockchain applications, the demand for this immersive development platform has also been boosted. The growing demand for mobile app development is another cause that the number of blockchain platforms increases every day.

IBM study shows that “Out of 3,000 global C-level employees, 33% of businesses are considering using blockchain technology.

Indeed blockchain is a mainstream technology today. Be it Legal, Fintech, Supply Chain, Logistics or Healthcare, blockchain has existed in all industries. Blockchain apps are the best for developing business processes more seamlessly and efficiently. Some of the top benefits of blockchain are listed below:

  1. Improved Traceability
  2. Increased Reliability
  3. Enhanced Security
  4. Higher Transparency

Stellar

It is a payment protocol and an open-source blockchain network. You can utilize it to build a market and send the digital representation of all money forms. Stellar can manage millions of transactions every day. So, it is good enough to manage businesses where several transactions take place every day.

It enables cross-border and quick transactions between different currencies. Stellar relies on the blockchain to manage the network in sync. One study shows that more than 69% of banks use blockchain technology for seamless, transparent and secure transactions.

It is one of the unique platforms offers rapid and most scalable blockchain platforms that create reliable, secure and robust financial apps. With this platform, you can easily move your money in a reliable, quick and cost-effective manner.

Tezos

Tezos is a self-governing and decentralized blockchain platform. It establishes a reliable digital wealth for businesses operating online. Tezos is associated with a digital toke, known as Tez or Tezzie. However, the platform relies on the mining of Tezzie.

Rather, token holders get a prize for taking an interest in the proof-of-stake consensus system. Tezos is a dApp platform and smart contracts like QTUM, Waves, Neo, and Ethereum; however, its self-changing cryptographic system makes it one of a kind from different platforms.

Hyperledger sawtooth

Hyperledger Sawtooth is a Linux product and supported by Digital Asset and IBM. It is a modular and enterprise-grade platform intended for developing, deploying and implementing distributed ledger, which allows digital records and data to be handled without a central authority.

Furthermore, the PoET (Proof of Elapsed Time) of the Hyperledger Sawtooth consensus system allows it to integrate with hardware security solutions termed TEE (Trusted Execution Environments). Hyperledger Sawtooth-based newly launched application is Intels’ Xeon processor.

It is also an open-source platform to integrate with an enterprise-made 1.0 version. IT offers blockchain organizations a sense of trust that whatever they create won’t tear due to future enhancements.

Recently, Hyperledger Sawtooth has launched the latest version, 1.1. With the new release, you can find support for an improved consensus interface and WebAssembly smart contracts.

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Tron (TRX)

It is a decentralized blockchain platform that aims to create a global and free content entertainment system that allows reliable and seamless content sharing online. TRX or Tron can handle more than 2000 transactions every second without any cost.

Tron depends on Delegated-Proof-of-Stake (DPoS) consensus system to secure blockchain applications. It offers a secure channel for developers to share their content digitally with the users, eliminating the third party. With it, original data also remains highly protected and secure.

Ripple

It was founded in 2012. Ripple focused on connecting corporates, digital asset exchanges, payment providers and banks through blockchain networks without any fee. It also enables global payments via a digital asset system known as “Ripple” or “XRP,” now the widely used cryptocurrency like Bitcoin and Ether.

It now has about 75 clients and 100+ customers in several stages of commercial deployment, basically across three use cases that are cross-border payments (xCurrent), sending payments across multiple networks (xVia), and minimizing liquidity costs (xRapid). XRP is faster and more scalable than other blockchain platforms.

Many global brands such as Deloitte, MoneyGram International, American Express and Santander are testing Ripple’s potential. Also, such big brands plan to integrate this platform into the existing payment system faster and more securely.

Ethereum

Ethereum is one the leading, open-source and decentralized blockchain platforms with native digital currency with ETH or Ether. It is a ledger technology that businesses can use to create and execute new programs.

Ethereum allows the build and implementation of Distributed apps and Smart Contracts without any third-party involvement, data threats, or downtime. It is a favorite platform for developers to make new and featured applications.

The demand for blockchain technology is increasing rapidly. In this writing, we have described the top 6 blockchain platforms to meet today’s development needs. All the described platforms have unique advantages and features.

Therefore, you can choose the best platform for your blockchain app development and business needs. Consult an expert blockchain development company today for the best-in-class blockchain consulting services.

10 most exciting and surprising facts about artificial intelligence

Posted on by Vishal Patel

Artificial Intelligence (AI) has built a strong impact on the world. AI has reached its advanced level; now there is nothing impossible with AI. It assists in text translation, image recognition, voice recognition, etc.

Now a wide range of industries worldwide have transformed and are succeeded in creating intelligence applications like self-driving cars and others. AI is widely used in all fields such as computer games, search engines, rockets, toys, market research and trading, medical diagnosis, robotics, and a lot more.

Artificial Intelligence (AI) is getting greater attention from new businesses as well for good reasons. AI is trending! It is a unique technology having huge potential to transform everything from driving to cloud computing. Multiple companies are betting on AI and trust that it is the only technology to help them achieve their business goals effortlessly.

This article will explore the top ten cool artificial intelligence facts, delving into its history, applications, and future possibilities.

Top 10 cool facts about artificial intelligence

It might be you are known to some of the facts about AI while some are still unknown to you. Don’t worry; we will help you become familiar with these facts.

Robot journalism is transforming the journalism

One of the most interesting facts on AI is that it has made robots capable of performing journalism activities. As a result, media channels, even some big ones are using artificial intelligence robots to generate news.

Stronger user personalization with AI algorithms

Whenever we talk about artificial intelligence facts, no one can ignore the role of AI in the app development industry. It is very supportive and useful in creating highly personalized websites and mobile applications for users.

In other words, we can say AI assists businesses to track users’ behavior using product choice, search patterns, and browsing history and creating highly intuitive and dedicated digital solutions.

In this way, AI shows the relevant content to the users and saves both business and the users. Furthermore, AI assists in searching the products and services and provides enhanced customer experience; in this way, it assists businesses in getting growth and customers.

AI is a smart replacement of the human workforce

AI enables businesses to reduce their operational costs by solving significant problems without human effort.

According to The Guardian reports, Customer service jobs 85% will confront the maximum AI threat by 2021.

AI helps in the health of hardware and software systems

One of the well-known facts about artificial intelligence is that AI helps monitor the health and functions of hardware and software to avoid malfunctions and performance risks. It alerts the administration about anomalies, if any.

AI can write

Surprised! Yes, it is. Robots can write and give different information about natural disasters and others by collecting data from devices.
Most AI Bots Are Female

If you ask Cortana, Alexa, Siri or other voice assistants a query, you will listen to the polite woman’s voice most of the time. The main cause is some research shows that people mostly prefer women’s voices.

AI recognizes people by voice

In January 2018, Sundar Pichai, the CEO of Google, claimed that AI would be more transformative to human beings. PWD predicted that the global GDP could rise by 14% due to AI-enabled activities by 2030, which is equal to US $15.7 trillion.

By the end of 2018, it was predicted that robotics assistants would be capable of voice recognition. The main motto of artificial intelligence is for businesses or humans to have a machine that works more efficiently and faster than humans. However, the question arises here will AI offer advancement in technology worldwide? Will it assist humans in reaching their highest potential in the process?

AI can repair itself

Yes, it is possible. A robot can rebuild itself in case of any performance issues and bug fixing. Now robots can find out issues and fix them through significant tests.

Battle of AI processors

Here we will talk about TPU (Tensor Processing Unit). Alphabet has built its own AI process which is known as TPU. It is specially intended to make its search, advertising, Google Photos, Gmail and other services smarter. Tech giants are using TPUs to improve their cloud computing servers with a huge $411 billion market.

Application areas

The field of AI is very broad, and it achieved rocket speed since its revolution in 1956. Researchers are achieving excellence and great success in developing intelligent machines that can act like humans.

The app areas of artificial intelligence are extremely wide such as learning systems, image understanding, computer vision, expert systems, natural language processing, logic programming, knowledge representation and reasoning, soft computing, scheduling, robotics, and more.

Future of AI in different industries

Various industries are being transformed by Artificial Intelligence Development (AI). Below are some instances of how AI is affecting different sectors.

Healthcare

AI-powered electronic health records (EHRs) can help doctors better analyze and interpret patient medical information, leading to more accurate diagnoses and treatment plans. AI can analyze medical images to identify abnormalities that may be difficult for the human eye to detect. With the help of chatbots and virtual assistants, patients can quickly access medical advice and information on their symptoms.

Finance

AI can help improve fraud detection by analyzing patterns and identifying transaction anomalies. Advanced machine learning algorithms can analyze financial data to help predict market trends. Chatbots and virtual assistants can handle customer inquiries and assist with financial planning.

Transportation

Self-driving cars use AI to navigate and safely transport passengers. Intelligent transportation systems (ITS) can analyze traffic patterns and optimize routes to improve efficiency and reduce congestion. AI-powered drones can be used for automated package deliveries, saving time and reducing costs.

Retail

AI can analyze customer purchasing patterns to identify trends and preferences, allowing for personalized recommendations and advertising. Chatbots and virtual assistants can assist customers with questions and purchases, providing a streamlined customer service experience.AI can analyze inventory levels and demand to optimize supply chain management. Here are a few instances of how AI is revolutionizing various sectors. With ongoing technological advancements, we can expect to see even more innovative uses of AI in the future.

How Ai is Revolutionizing the Finance Industry.
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Conclusion

These are just 10 of the many cool and interesting artificial intelligence facts. AI has come a long way since its early days, and its potential for the future is truly exciting. Whether in healthcare, environmental conservation, or creative endeavors, AI will surely play a major role in shaping our world.

One of the most persistent myths about AI is that it threatens humanity. While there are certainly concerns about the ethical use of AI, the technology itself is not inherently dangerous.

AI is a rapidly evolving field that has the potential to change our lives in countless ways. From self-driving cars to AI-powered prosthetics, the applications of AI are virtually limitless. So, whether you’re a student considering a degree in AI or just interested in learning more about this exciting field, these 10 cool Artificial Intelligence facts should give you a good idea of what’s to come. Keep updated with the latest AI trends and advancements in this ever-evolving field.

Frequently asked questions

What is artificial intelligence?

Artificial Intelligence, commonly known as AI, is the technology that enables machines to perform tasks that typically require human-like intelligence to execute.

What are interesting artificial intelligence facts?

Some interesting artificial intelligence facts include that it can be used in various fields such as healthcare, finance, and education to improve efficiency and accuracy.

What is the future of Ai?

With advancements in technology, AI is becoming more sophisticated and capable of performing complex tasks. The development of AI is also expected to create new job opportunities and increase productivity.

What are five interesting facts about robots?

As for robots, here are five interesting facts about them:

  1. The word “robot” comes from the Czech word “robota,” which means forced labor or work.
  2. The first robot was created in 1961 by George Devol and was called the Unimate. It was used to lift and move heavy objects.
  3. Robots are used in various industries such as healthcare, manufacturing, and military operations.
  4. Some robots are designed to mimic human behavior and emotions, which makes them more interactive and engaging.
  5. The development of robots is expected to create many job opportunities in the future, especially in fields related to robotics and automation.

How can blockchain consulting services enhance your business performance?

Posted on by Vishal Patel

Uncover the use cases of blockchain consulting across industries like finance, supply chain, healthcare, and government. Embrace the power of blockchain technology to streamline operations, boost transparency, and gain a competitive edge. Explore the advantages of blockchain consulting services today.

It is not a big matter if you are a bit conservative and like using the latest tools, try to fit and use them for the present-day needs of your business, and hope that all things will work in a good way.

However, why is it required to re-innovate the process and spin the wheel again? Why not use innovations to improve the process and get the required benefits?

Possibly you have heard about blockchain technology, and if you can implement it in your business process, it will be awesome. Why not hold things with technology and avoid making mistakes during its implementation process?

You should get into the arena of blockchain technology to bring innovation to your business. Definitely, you will get assured results.

What is blockchain technology?

Blockchain technology is a decentralized register that stores all data and dealings that occur within a peer-to-peer network. It ensures that all people who are doing transactions over the network are authorized to authenticate their transactions without any need for authority from a central or third party.

You should notice here that except for financial transactions, blockchain assists in many other transactions such as settling trades, elections, fiscal transactions, etc.

Why you should hire a blockchain strategy consulting firm for your business?

Hiring a blockchain strategy consulting firm can provide numerous benefits to your business. Here are several reasons why you should consider hiring such a firm:

Strategy assessment

You must be aware that blockchain has expanded its sphere in different industries, and the counting is going on quickly. It is because blockchain offers a wide range of options and a plethora of features to its users who want to implement this immersive technology.

By hiring professional blockchain consulting firms, you can easily evaluate and access your business goals with this technology, and it impacts your business positively in different manners. It also helps you increase the conversion rate with the right strategy and implementation.

Moreover, blockchain consultants keep your business updated with the latest opportunities and trends with such immersive technologies. Thus, they offer the best possible solution to introduce blockchain in your business.

Trained & experienced professionals

Blockchain consultants are highly trained and skilled professionals that offer individuals and businesses the chance to take the right steps with the right strategy to step in with blockchain technology.

Hiring blockchain consulting services is beneficial to get access to expertise that can help you uncover multiple benefits of this immersive technology.

Choosing such professionals accordingly seems to be more cost-effective and profitable as it gives your business long time sustainability. Also, professional consultants assist you in curtailing unnecessary expenses.

Cost-effective solution

It is not a big deal if we say that using blockchain consulting services is one of the most cost-effective solutions compared with people working full time and getting some amount for that. Additionally, you should notice here that there is no need to hire blockchain developers permanently.

They help you with the necessary technical expertise, updates, and required modifications and assist you in different manners whenever you need additional services. In this way, we can see that hiring blockchain consulting firms is a cost-effective solution.

Swift prototyping & practical training

Blockchain consulting services often manage technology leadership workshops and training programs to make your team knowledgeable and advanced. To launch your blockchain app in the market, experts help you with a quick development approach and bring a strong position for you in the market in no time.

In addition, special training programs and workshops assist your employees in learning the basics and advancing the strategic approach of this sophisticated technology.

A dedicated team

Businesses or individuals that are seeking to implement blockchain technology in their business should hire the best blockchain consulting company. A dedicated team stands with you and assists you in leveraging the real power of blockchain in your business.

With a devoted team of developers, you can live stress-free as they take the responsibility of meeting all required things for your project from beginning to finish line.

One of the top benefits of working with the best blockchain consulting company is that you can get a hundred percent sure outcomes with a full-fledged and experienced team of professionals.

They help you get full coverage and associated benefits of blockchain implementation in your organization. In addition, they design the best ways to offer maximum benefits to your business with immersive technologies. Also, professional consultants analyze the issues and describe how blockchain can help sort out these issues.

Well aware of distributed network

An expert blockchain consulting company always has a clear understanding and knowledge about distributed networks. They also assist their clients in understanding the mechanisms of the blockchain in the distributed network in your organization. Also, they help you maintain a perfect balance between decentralized networks.

It is not good to overemphasize this benefit because distributed or decentralized networks act as the basis of blockchain technology. As a result, a varied number of apps, including decentralized apps, smart contracts, and others, run.

It is a fact that blockchain technology will grow faster in the near future. It will assist businesses from the ground to the top for enhanced performance, competence, and revenue. Currently, it is in the early stages of development; however, it will keep rising.

Blockchain consulting services include custom coding, third-party integration, and complex implementation management for your project and ensuring that such solutions will fit into your existing system perfectly.

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Use cases of blockchain consulting services in different industries

Blockchain consulting services have gained significant prominence across various industries over the past few years due to the transformative potential of blockchain technology. Here are some key use cases of blockchain consulting services in different industries:

Finance and banking

Blockchain consulting services can help banks and financial institutions reduce costs, improve efficiency and security, and enhance transparency and trust in financial transactions.

Supply chain and logistics

Blockchain consulting services can help improve supply chain management by enhancing transparency, traceability and accountability and reducing fraud and errors.

Healthcare

Blockchain consulting services can help improve healthcare by enabling secure and transparent sharing of patient data and enhancing efficiency and accuracy in medical record keeping.

Government and public services

Blockchain consulting services can help governments and public services improve transparency, accountability, and efficiency in public administration, tax collection, voting systems, and more.

Conclusion

Blockchain consulting services can significantly enhance your business performance by offering various solutions to streamline operations, increase transparency, and improve security. Whether you are a startup or a well-established business, implementing blockchain technology can provide you with a competitive edge and help you stay ahead of the curve.

With the help of a reliable blockchain consulting service provider, you can leverage the power of this revolutionary technology to unlock new opportunities and achieve your business objectives. So, to take your business to the next level, consider exploring the benefits of blockchain consulting services today.

Frequently asked questions

How can I use blockchain for my business?

Hire a Blockchain technology Consultant to create secure and transparent transactions, streamline supply chain management, and enhance customer experience.

What does blockchain mean for business?

Blockchain technology represents a new way of conducting secure, transparent, and decentralized transactions. This means that businesses can operate more efficiently and with greater trust.

Why is blockchain important for business?

Blockchain technology can potentially revolutionize how businesses operate by reducing costs, increasing efficiency, and improving transparency. It also enables businesses to create new revenue streams and gain a competitive edge.

How will blockchain change business?

Blockchain technology can potentially change how businesses operate by eliminating the need for intermediaries, increasing the speed of transactions, and improving overall security. It also enables businesses to create new business models and revenue streams.

Enterprise blockchain solutions: what can they do for your business

Posted on by Vishal Patel

Blockchain is a buzzing word in the tech arena that is visible in many facets of our life including gaming, real estate, the energy sector, healthcare, social media, and more.

Basically, blockchain technology was intended to earn bitcoins and cryptocurrency transactions, but now it has a vast presence in almost every sector. It improves work efficiency and productivity in businesses, enhances customer experiences, and decreases operational costs.

What is blockchain actually?

Blockchain is one of the fastest-growing immersive technologies which records and saves transactions to a digital ledger where these transactions can’t be altered or reformed easily. Such type of information is linked using cryptocurrency. The information on a blockchain is open to the public and certifiable.

Blockchain can also be termed a digital database that links to digital ledger technology (DLT), which tends no administrative functionality or central data store.

In simple words, blockchain technology can be defined as a kind of data distribution structure and algorithm for managing digital currency without any hands of centralized administration.

Blockchain is decentralized, which tends to be easily shared with all connected computers on a network.
So why is it beneficial for an enterprise?

It also offers transparency and provides information to all people connected on the same network to view all stored data, track vital information and ensure data security.

Functioning of blockchain

Blockchain has emerged as a new kind of internet space. With a strong backbone and technological advancement, it performs as a platform that enables enterprises to transit digital information and digital cash without any risk of a copy.

Initiated to support Bitcoin, now Blockchain has shown huge potential in different technology sectors and businesses. Technologists across the world have found big uses of this technology in the present business world. Hence to get a competitive advantage, you should hire a Blockchain developer.

There are lots of proven benefits of Blockchain technology. Know here how Blockchain solution assists enterprises:

Supply chain management

Don’t you think that supply chain management is one of the most vulnerable parts of an enterprise? But it is still true. People involved in this process generally don’t meet and interact with each other directly and use a paper-based system of requirement gathering and information collection.

Here, Blockchain offers a completely paperless system, automates the workflow of documents, and digitally certifies them. In this way, every people in supply chain management can easily track product information and progress. In addition, it offers a clear transparency approach and prevents counterfeit distribution.

Many retail giants in America that encountered issues in their food supply chain, which was traditional in nature, have implemented blockchain technology in their enterprises to improve food supply chains.

Therefore, before Blockchain, food tracking took 7 days minimum, and after blockchain implementation, it takes a few seconds to track it.

We can say that this immersive technology has made the supply chain process faster, cost-saving, and more efficient. It not just assists enterprises but also improves customer service.

For example, in Walmart’s Chinese stores, customers can check all product information from its farm location to its certificates just by scanning the QR codes.

Healthcare

It is one of the biggest fields where Blockchain has given lots of positive impacts. With a transparent and highly secure way of keeping electronic health records (EHR), blockchain-based solutions have offered tremendous benefits to enterprises.

Both doctors and patients can access the records with the authorization codes. On the other hand, blockchain solutions ensure data security with smart contracts. Clinical research data and healthcare devices are encrypted, and insurance and safety can be stored and implemented, too.

Another segment of healthcare is equipment supply chain control and medicine prescription. Hire the best blockchain developer to improve the supply chain in your health sector enterprise and assist both doctors and patients simultaneously.

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E-commerce

The E-commerce industry is a huge segment. It is a trillion-dollar industry and adopting blockchain technology quickly. Monitoring goods and handling the supplies are big challenges of the eCommerce industry.

However, Blockchain is here to take responsibility and manage the inventory more effectively. As a result, customers can trust eCommerce enterprises. Blockchain empowers eCommerce industries with a more transparent and data security system.

Additionally, minor changes in transactions don’t affect the system, and tracking does not remain a big issue anymore. It also enables crypto payments in your eCommerce business.

Literally, ML has brought lots of benefits to businesses, such as IT threat monitoring, report generation, data analysis, internal auditing, fraud prevention, etc. However, there are endless possibilities associated with ML.

Education

Blockchain in education can be utilized to track the students suitable for scholarships and those who cannot afford it. It helps you eliminate the students who bypass the system to get financial benefits. Therefore, the right candidates who are actually in need to scholarships don’t left behind.

Social media

There are lots of social media channels available today. Many of them are already putting blockchain benefits. However, with global popularity and worldwide users, social media is still not completely safe from identity leakage, account hacking, and copyright infringement.

Your best bet is Blockchain to handle all such issues safely; it offers digital identity verification, author rights protection, and unbiased licensing.

Many enterprises have already adopted blockchain technology to improve their business processes; however, there is still a huge potential hidden in this technology.

In the future, it will grow up more quickly among all enterprises to empower them in different manners and to enhance their work efficiency. Hence, enterprises need to start with blockchain technology as soon as possible and leverage its tremendous benefits.

Is machine learning right for your business?

Posted on by Vishal Patel

Machine learning is quite different and modern technology assists businesses in different manners. Most businesses have identified that machine learning can generate high values in less time. However, some of them are still in a dilemma about the efficacy of machine learning in their business.

It is not a plug-and-play system. It is used to manage different problems and situations, and each problem needs a specific solution, model, data analysis, and other parameters to create desired outcomes.

According to Forbes, “57% of enterprise executives trust it that the most vital growth benefit of ML and AI like immersive technologies will be enhancing customer support and experiences.”

However, before you deploy machine learning in your business, you should have a clear idea about your requirements and objectives. ML advances your organization’s functions in different manners and is likely to offer more support soon.

Top marketers, business owners, and technologists use machine learning to learn and deploy it on the problems they are trying to solve quickly and with more effectiveness.

ML includes marketing automation, contextual content, lead scoring, sales forecasting, personalization, and cross-channel marketing to boost your business growth with a new level of accuracy.

Why machine learning (ML)?

Due to a limitless amount of available data, the progress of more powerful and affordable processing has pushed machine learning growth. With the changing time and high competition, lots of industries are developing and deploying robust and powerful machine learning models capable of analyzing more complex and bigger data while delivering more accurate quicker outcomes.

ML assists industries in identifying potential risks and profitable opportunities more quickly on vast scales. Machine learning apps bring profitable business results, affecting a company’s growth and its bottom line.

New improvements and features are emerging and expanding the world of possibilities of machine learning. Especially the industries that rely on the vast quantity of data and need a reliable solution to analyze it should deploy machine learning as one of the best ways to plan, strategize and create suitable models.

Why choose machine learning for your business?

Choosing machine learning for your business can bring numerous benefits and opportunities. Here are some compelling reasons why businesses opt for machine learning:

Addressing business trends

Machine learning has proven its value in analyzing and the latest business trends in large data models. Unfortunately, such trends are a typical way to cover for humans; also, the data sets are very large for “dumb” models or programs to process effectively.

The potential benefits of ML are very clear today. For small and mid-size businesses, ML enables them to trigger retention processes, look at the competitors’ strategies, and analyze and minimize customer churn to ensure higher possibilities of success.

Financial analysis

No more wonder now, as with right and qualitative historical data, Machine Learning can be utilized in doing financial analysis. It is being used in financial fraud detection, loan underwriting, profile management for loans, and algorithmic trading.

Some recent trends show that ML in finance facilities will incorporate conversational interfaces for better customer service, security, behavior analysis, and chatbots.

Eliminates manual data entry

What is the biggest issue businesses face today is imperfect and duplicate data. Machine learning and predictive modeling algorithms can easily assist you in avoiding errors that occurred due to manual data entry.

By using discovered data of ML, you can improve these processes. In this way, your employees can utilize the saved time in performing the core business activities.

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Predictive maintenance

Maintenance is an essential task for all businesses, especially AI in manufacturing. However, corrective and preventive maintenance are often inefficient and needs high cost. But ML brings the solution to businesses to discover patterns and insights in the company data.

This is termed predictive maintenance. It assists companies in decreasing the associated risks, unnecessary expenses, and failures. ML enables you to build perfect preventive maintenance with the analysis environment, workflow visualization tools, large quantities of data, and review loops.

Automating routine tasks

ML came into existence with the motto to improve efficiency. Now it is empowering companies by automating the core functions and offering the most commercial use cases.

You can easily motivate your routine business tasks with machine learning. It helps you save your time and manage the required resources more effectively. It also assists you in increasing net profit and reducing expenses.

ML can automate a lot of tasks in your organization. However, everything relies on your needs and data processing capabilities to automate your functions.

Literally, ML has brought lots of benefits to businesses, such as IT threat monitoring, report generation, data analysis, internal auditing, fraud prevention, etc. However, there are endless possibilities associated with ML.

Improving marketing efficiency and personalization

Machine learning is one of the most powerful multipliers in buyer-profile permutations and marketing campaigns. Moreover, it unlocks lots of doors to improve your marketing efficiency and personalization.

Renowned global organizations such as Facebook and Google are utilizing ML as a decent marketing tool for promoting and marketing brands and individuals.

Enhanced customer satisfaction

ML is indeed a trustworthy tool that helps you improve customer loyalty and enhance customer experience. It helps you analyze custom behavior based on predictive algorithms, call records and customer service executives’ feedback. In this way, ML reduces the amount of time and cost required in managing customer relationships.

ML is one of the most powerful immersive technologies in today’s tech world. Statistics show that more businesses will utilize ML in the near future.

This article enables you to know how ML is profitable to your business. So start considering machine learning for better business results, data analysis, data retrieval, powerful functionality, and profits to your company.

How artificial intelligence will change business forever?

Posted on by Vishal Patel

The world is changing very rapidly; businesses, irrespective of their size, are growing with innovations. Undoubtedly, technology is the backbone of our modern industries. We generate a lot of data while using the internet that businesses and data analysts monitor and capitalize on.

Thanks, Artificial Intelligence (AI) enables organizations to utilize the lion’s share of this data. The emergence of artificial intelligence has enabled people to build their brand presence and value just with the right methods and suitable solutions. AI is automating data mining and data analysis.

It adopts and experiences the characteristics of human intelligence and implements them in machine or computer-friendly language. AI automation empowers businesses by assisting them in making better decisions.

The market research firm IDC estimated that the worldwide AI market would achieve half $500 Billion by 2024. This data shows how frequently businesses are adopting AI technology to leverage the maximum benefits.

Importance of AI

Artificial Intelligence is termed as the intelligence demonstrated by machines. In today’s competitive age, AI has emerged as one of the fastest-growing technologies. It is the simulation of human intelligence in machines intended to experience, learn, and perform human-like tasks.

Industries which hire AI developers to implement AI in their business operations are more competitive. The advanced data analysis process, capabilities of fraud detection and better customer management make such businesses profitable and sustainable. Artificial Intelligence is a great way to find the best solutions to complex business issues.

Artificial intelligence examples

  1. Self-driving cars
  2. Natural Language Processing (NLP) tools
  3. Social media monitoring
  4. Smart assistants
  5. Conversational marketing bot
  6. Disease mapping
  7. Virtual travel booking agent
  8. Automated financial investing
  9. Manufacturing robots
  10. Proactive healthcare management
  11. Inter-team chat tool

Vital role of AI in business

AI is the most trending technology in the business world. It is a proven technology that is highly profitable and fruitful for modern-day industries in multiple ways. To better utilize AI, you need to make proper business plans and strategies.

According to a study commissioned by Avanade, a survey of 500 IT and business leaders worldwide disclosed that they estimate to see 33% hikes in their revenue as a fruitful outcome of smart technologies.

How AI will change business forever?

AI is poised to revolutionize businesses in profound ways, fundamentally changing the way we operate, compete, and innovate. Here are some ways AI will change business forever:

Market and customer insights

What is the vital factor in company growth? Isn’t it market and customer insights? Definitely, one of the basic reasons for constant advancements in AI technology is its capability of data mining. It helps businesses in finding different patterns of data. This data enables us to know the customer’s behavior, issues, and requirements.

For small organizations or startups, AI is no less than a boon as it assists them explores lots of opportunities in different fields. With proper customer insights, they can easily analyze the data before launching the product. It is vital to hire AI developers to leverage maximum benefits and better business growth.

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According to a study, “80% of the data generated through different online platforms are unstructured. Analyzing unstructured data will be one of the most vital factors for all businesses in the next decade.

AI also empowers the marketing process and helps companies to make proper strategies with relevant information. The data collected assists companies to convert visitors into potential customers. In this manner, it enables to reduce the marketing and advertising cost.

Virtual assistance

A wide range of industries is already using AI for virtual assistance. Chatbots are the best examples of virtual assistance. It has become the widely used vertical for customer service in today’s world.

Many people don’t consider it a good idea to interact with a machine as sometimes it doesn’t give suitable answers. However, there is also good potential in machine-driven customer service.

For example, when you raise insurance queries, AI-enabled customer service can be used to answer some of the easy questions such as the name, age, type of insurance etc. Chatbots are widely used by businesses to interact with their customers effectively.

However, human-based customer service can also focus on more queries and complex issues. Technologists predict that virtual assistance and Chatbots could become an essential part of all businesses and even our lives to provide next-level customer service in the near future.

Automation process

Technology is increasing at rocket speed. With automation tools, it becomes easy to perform business processes easily and quickly. You should hire an AI developer to leverage the benefits of such automation tools in your business operations with AI.

The transformative influence of AI solutions is evident across diverse industries including hospitality, retail, and education. These algorithms and machines operate continuously, without the need for breaks, enhancing efficiency. From automation tools to robotic assistants, AI empowers and complements human efforts in various capacities.

Improve the recruitment process

Don’t get surprised if we say that AI is now assisting businesses in their recruitment process. It automates the recruitment of candidates in the company. AI assists in quickly shortlisting the applications by automatically accepting or rejecting those as per the company’s requirements.

In this way, AI saves a lot of time and money required in the recruitment process. It also ensures transparency in the shortlisting process. It is not limited here as AI can also take care of other tasks of recruitment.

Personalized customer experience

AI assists businesses in offering a more personalized and enhanced experience to their customers. It helps you analyze a large amount of data accurately and easily identify information patterns such as credit scores, buying choices, browsing history, and other threads.

AI has no limit as it analyzes millions of data every day. Predictive analysis is helpful for businesses to engage with their customers. It enables the creation of a unique form of customer engagement for every transaction.

Even industries can personalize their sale cycles with AI-based applications. Indeed they can easily engage the suitable customer at the right time with the right content.

AI is profitable and fruitful for all business sizes. Indeed, AI processes and tools will offer more benefits to businesses in the next decades. Companies using AI are achieving a new milestone of success by offering perfect solutions to different problems.