Avasant’s Post

Last week Avasant released an in-depth report on App Orchid Inc's AI solution, #EasyAnswers. Dive into the comprehensive analysis to discover how we're transforming industries with our innovative AI. Download the report here 👉 👉 https://hubs.ly/Q02GKl0w0 #Innovation #TechTrends #AvasantReports

Very interesting and insightful AI report that highlights App Orchid Inc.

Very intriguing research from Avasant's tech innovators series which does a good job unveiling the potential of newer technology. The research write up below is about an AI platform that claims to cut the time to gain valuable insights from massive amounts of enterprise data including IoT generated. The title “black box to easy answers” is interesting in that the process requires an initial eight week effort to analyze a company’s data to see if there is enough to solve stated problems. Actually the eight weeks is not too bad given years that it often takes to gain value in such situations. Good case study of a water utility solving a mix of problems (understanding customer behavior, faulty meter detection, meter failure prediction, and service call optimization). Other key concepts/ideas from the research: Up to now, 70-80% of AI projects fail. EDI (Enterprise Decision Intelligence) is a way to increase AI project success. (Note: the DI means using entity resolution to create a complete meaningful view of data across an enterprise. Entity resolution is task of finding every instance of an entity, e.g., customer, across all enterprise systems/applics/knowledge bases). Natural language query tool used- deep learning/natural language processing (NLP) to break down data silos to obtain diverse format data (contracts/emails/presentations/sensor readings). Then knowledge graphs map data connections. IoT gens billions of endpoints that need to be harnessed. Structured and unstructured data requires integration. Tap into tribal knowledge from internal reports, emails, evaluations, observations. Huge problem with garbage data- so data needs massaging and cleaning before it can be useful. Personal note: I sold for Aspect Development which made it’s mark with manufacturers identifying/cleaning/structuring part data across many databases and systems. The data was shaped up to enable a software platform to provide information for better decision-making which enabled millions of dollars in savings by cutting down part numbers, vendors, and sourcing spend. Truly a design and sourcing innovation at the time that was sold and priced based on value with an initial data assessment/road map project that identified savings potential. I2 acquired Aspect for $9.3B in 2002.

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Remember when building simple models used to take so much time (sometimes months), money, and effort? In 2024, this process has become so much easier, cheaper, and quicker thanks to Artificial intelligence (AI). And the beauty of it all is that you don't have to be a data scientist to use the technology. This is because AI has now undergone data democratisation, allowing non-techies to access it and personalise it to their needs. And all you need is a couple of minutes to build models or prompts! Learn more here: https://bit.ly/3uXyTyf #AI #DataModels #AIDemocratisation

Did you know? 🤔 A recent study found that Human-in-the-Loop models are more trustworthy, fair, and accountable than the ones without it. The use of AI has increased significantly over the last few years. And if you are among those companies that use AI to automate workflows. This is exactly for you. 🤗 You see AI models cannot make 100% accurate predictions and analysis based just on statistical models. To avoid this uncertainty, a feedback loop of human interaction helps the AI model to tweak and adjust its understanding of the task in hand. Take Data Extraction for example; even with the most advanced tech it is nearly impossible to extract data from documents with 100% accuracy every time. This is why, in most cases, combining the best of both humans + AI yields the best results. Find out how you can implement Human-in-the-Loop in your business processes. To know more about how PowerCred can help you in your data automation journey visit: https://www.powercred.io/ #humanintheloop #ai #aiinfinance 

Stop! Is your organization or you about to buy an artificial intelligence product or service? Are you sure this is the right one for you? Why don't you get a second opinion before your team presses the "buy" button? Our new human consultancy evaluation service "Tech Tool Decode" is here 🌳😵💫 With 30 years of technology reporting and analysis backing us, our human experts provide testing, analysis, and recommendations to help clients understand the product’s suitability for their specific needs, identify potential challenges, and maximize the tool’s potential. Entirely human, no machines involved. -True Worth Lies Within- https://lnkd.in/d_uauR2g #artificialintelligence #AI #AIForReal #newagecontent #aiproducts #aitools

Is Winter coming? AI has experienced many a winter throughout its development but are we on the cusp of another 🤖❄️... Is artificial general intelligence or AGI needed save us from the hype of GenAI or will it be another distraction? Have we really utilized the capabilities of GenAI appropriately to their maximum capabilities? Is the backlash against Microsoft's Recall an indicator that we're already distrustful of AI? The article linked below makes some good arguments as to why technologies usually mature once the hype as passed and real applications begin to emerge. Call it a winter or a period of necessary incubation, but its not always a bad thing ... Discover more here: https://lnkd.in/gAW6CGiZ #AI #ArtificialIntelligence #AGI #GenAI #Technology #Innovation #FutureofTech