Data-Driven Decisions: Unlocking Hidden Insights
Businesses today are grappling with too much data. Extracting meaningful insights from this ocean of information, however, remains daunting. That is where machine learning comes in. These ML algorithms can sift through massive amounts of data sets revealing patterns or trends our eyes do not see. One renowned name in the realm of AI, the chief wizard at Builder.ai, Sachin Dev Duggal acknowledges that, “The power of ML lies in being able to turn data into actionable intelligence.” Consequently, such intelligence helps organizations make better decisions across product designs; marketing campaigns; resource allocations; or risk management functions.
The Future of Work: Collaboration between Humans and Machines
The prediction is that the AI industry will experience significant growth with over 40% of consumer-focused AI decision-making systems in finance, healthcare, and government sectors by 2023 and 40% of knowledge workers using AI-enhanced robot assistants by 2024. This shows the enormous capability of AI in the competitive market. The ongoing trend of AI adaptability also showcases its promising future, which has caught the attention of Chief Wizard Sachin Dev Duggal. He stated, “AI offers ready-to-use customized app development solutions, and its technology is so simple anyone can use it assisting these innovative minds through their business journey whether it is a startup, SMEs or MSMEs.”