Artificial intelligence (AI) makes it possible for machines to discern, act and learn from prior experience. Artificial Intelligence represents an assortment of technologies ready to transform the relationship between people and machinery into a new era of enhanced productivity, including:
Machine Learning (ML)enables the system to change and adapt to new information just as humans continue their educational learning over time. A subset of machine learning is Deep Learning, where production systems mirror the human brain and recognize, process and act on emerging patterns exhibited by unstructured data.
Natural-language Processing (NLP)is a separate computer science employed into AI solutions that enables devices to process and analyze the large amounts of data that human (natural) language represents.
Predictive analyticsuses historical data, machine learning, and artificial intelligence to predict what will happen in the future. This historical data is fed into a mathematical model that considers key trends and patterns in the data. The model is then applied to current data to predict what will happen next.
Prescriptive analyticstakes predictive analytics a step beyond forecasting potential future outcomes to helping you draw up specific recommendations. Prescriptive analytics seek to determine the best solution or outcome among various choices, based on known parameters.
AI-driven analytics and real-time insights have already begun to help businesses grow their revenues and market shares faster than their peers in industries as diverse as manufacturing, healthcare, finance, utilities and ecommerce.
The use of AI predictive tools can improve forecast accuracy by 20%. – McKinsey & company, Industry 4.0 in Focus
ConvIOT has Artificial Intelligence experts and computer scientists ready to help your company integrate Machine Learning, NLP, deep learning and predictive and prescriptive analytics into your organization. Let us show you how to transform real-time data into immediate, actionable intelligence for humans and machines to act upon.