The Top 5 Industry Use Cases for Conversational AI

Artificial Intelligence (AI) is one of the most pervasive technologies in use today. With the human language being the medium to how we communicate, it is no surprise that Conversational AI (CAI) is becoming the most prominent frontier of this technology. Many businesses today are enlisting the help of conversationally intelligent chatbots to stay competitive.

According to Markets and Markets, the expected global Conversational AI market size is set to grow from USD 4.8 billion in 2020 to USD 13.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.9%.

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Therefore, companies, industry leaders, and employees need to understand precisely what Conversational AI is, why it’s essential, and the many use cases of this AI application disrupting Healthcare, IoT Devices, Retail, HR, and Finance and Banking Industry. 

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6 Vital Things CEOs Need to Understand About AI

AI is still a buzzword for some while there are a great number of people who already used to their advantage. Artificial intelligence (AI) which is capable to mimic the human reasoning and interactions for applications has the potential to transform digital reality way beyond the common perception. No wonder that around 85% of the workforce in companies working with AI believe that this will lead to a huge competitive advantage for the company and CEOs needs to be more aware of it all. 

As of now most companies with stupendous employee strength and big sized projects are the principal users of AI-based apps. In spite of that 50% of companies with more than 100,000 employees have an active AI strategy in place and rest do not have the same. So, in spite of such loud buzz and clamor about AI in businesses, only a small portion of the businesses across niches and categories actually have an AI strategy implemented in practice. 

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This is why it is important to ask what the CEOs of most companies think about AI. How they perceive and implement AI to their business advantage? We need to make CEOs more aware of the AI and its positive business implications. 

Here through the length of this post, we are going to explain the key things CEOs need to understand about AI. 

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How is NASA Using AI to Understand & Detect Failures of the Universe?

We all must have heard the word “Artificial Intelligence” somewhere before in this rapidly growing technological world. So, according to computer science, artificial intelligence is sometimes called machine intelligence established by different machines, in contrast to the natural intelligence displayed by humans’ skill set.

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According to NASA scientists, the machines are becoming capable of doing any sort of work and humans are becoming lazy at the same time. Artificial Intelligence was first introduced back in 1956 by the scientists of America and since then, AI has experienced several changes from having thought of not doing anything to have thought of doing anything.

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5 Reasons Why Biotech Must Embrace Artificial Intelligence & Blockchain in 2019

The biotech industry, which predominantly supports the medical and pharmaceutical industries, has experienced a rise in the amount of innovative technology available to CIOs and CTOs in recent years.

This provides leaders with many more opportunities when deciding what is best for their industry generally and for the specific organization with which they are working.

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Having such a wide array of different technologies at your fingertips allows you to make crucial decisions about what might revolutionize your industry as a whole.

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