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Artificial Intelligence and Advanced Analytics as a Competitive Advantage

Our business process has been changed, we have shifted almost everything from our brick-and-mortar space to digital space. The Digital era has started long ago, but most of us are not used to this flow until the global pandemic hit the world. It set us locked down in our homes, and forced us to operate every essential work from our homes. Almost 70% of the global working population are now working from their homes because we can’t let this pandemic stop our work. For the future post-pandemic world, we have to hold the global economy. And hence a lot of brick-and-mortar businesses run out the track and collapsed, while many of the organizations are leveraging technologies to operate their processes. And the competition is high now, everyone wants to thrive in the post-pandemic world, and the technologies are the only saviors. In this article, I will discuss how organizations can get a competitive advantage by using AI and Advanced Analytics in proper ways. Let’s start with the fact of how AI and analytics mean to the business process.

The Future of Machine Learning

In this era of artificial intelligence, machine learning is the most trending topic ever. Machine learning is a component of Artificial Intelligence Technology. This enables the machines to use its complex algorithms and allows the machines to autonomously learn from the data sets, and continuously make decisions on a specific task by improving the efficiency of the machines. It mainly focuses on computer programs, with the primary aim to make them automatically able to learn from the data and make decisions without any human interference.

The DARQ Age: Coming Era for Technologies

The term DARQ consists of Distributed Ledger Technology as for D, Artificial Intelligence as for A, Extended Reality as for R, and Quantum Computing as for Q. The analytics and the researches show that almost 85% of businesses have experimented with one or more DARQ technologies into their businesses, and it is expected that DARQ technologies will provide a more competitive advantage that they have not experienced with the previously SMAC technologies, i.e., Social Media, Mobile-Friendly Application, Analytics, and Cloud Computing.

Natural Language Processing and RPA

NLP or natural language processing is a branch of computer technology. It actually smoothens the connection between human and machine by teaching the machines to understand natural human language both verbally and written. Don’t you think that why NLP, while using ML it is able to identify the data sets and make changes to it or perform some work on it? Then come to the main point.