Tag Archives: artificial intelligence

Why Natural Language Processing (NLP) could be the Future of Business?

Why Natural Language Processing (NLP) could be the Future of Business?

Companies globally have been investing massive amounts of money in technology that could allow them to communicate with the customers in a language they are familiar with. Isn’t that amazing!! So how can technology or a system understand a human language, decipher the words, sentences, understand the meaning and respond with a correct solution? Natural Language Processing (NLP) is the right technology that has come to our rescue. What does NLP mean and how businesses across the globe are leveraging its benefits?

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AI In Supply Chain Management

AI In Supply Chain Management

The top most challenges in supply chain management are demand forecasting and warehouse optimization. And, by using AI in supply chain management, organizations can address these challenges, apart from automating other critical processes in SCM. SCM is an overarching process in any organization that manufactures and sells assorted products. It starts with procuring raw material from suppliers/ vendors, converting the raw material into finished products through manufacturing processes, maintaining working inventory as the respective processes demand, moving the finished products through geographically scattered distribution channels or retail locations so as to finally reach the end customers.

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AI in pharmaceutical industry

AI in pharmaceutical industry

It takes around $2.6 billion for a drug to get officially authorized and bring into the market for public consumption. Today, pharma companies are investing in tech companies and bringing in AI-based applications for better drug development. Initially, AI in pharmaceutical industry was applied in the areas of drug discovery for predicting molecule-target bonding, to identify biomarkers, to discover new drug indications, clinical trials and to improve manufacturing efficiencies.

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AI and ML Applications In The Automobile Industry

AI and ML Applications In The Automobile Industry

Artificial Intelligence and Machine Learning applications are transforming several sectors. Few months ago, we’ve published an article with insights gained from McKinsey study of Automobile after-market in 2030 and another article that talks of a need for NLI implementations like Cox’s Nexi virtual assistant for Automotive dealers. AI and ML applications in the automotive industry spans across the supply-chain and after-market services.

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