“Microsoft Corp. is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc., according to people familiar with the matter. ‘This can really help Microsoft accelerate the digitization of the health-care industry, which has lagged other sectors such as retail and banking,’ said Anurag Rana, a Bloomberg Intelligence senior analyst. ‘The…
Tag: NLP
The Year in AI: What’s Behind in 2020, and What’s Ahead
“Emerging AI Trends in 2021Beyond these notable trends in 2020, the year ahead will likely see larger and larger language models being built, with experts declaring the possibility of a 10-trillion parameter model making its first appearance in 2021. AI will continue to accelerate new discoveries in biology and medicine, whether that may be building…
How Home Depot Is Enhancing The Ecommerce Experience With AI
“At the recent Data for AI 2020 conference, Khalifeh Al Jadda shared deep insights into how The Home Depot is tackling these existential retail issues Home Depot has built a state-of-the-art sentiment analysis system which automates the process of understanding customers complaints as well as the features that customers like about our products. We have…
The Promising Duo: Five Use Cases for Natural Language Processing in FinTech
“According to the recent stats, within five to ten years from now, 95% of all interactions with clients in the finance industry will be performed by AI. Researchers predict a 3,150% growth for chatbots interactions in the FinTech industry between 2019-2023, which will save financial organizations over 800+ million in working hours. Intelligent Document Processing…
Accelerating Customer Experience With Conversational AI
“One such solution to consider is conversational AI and the use of text and voice-based messaging apps to automate communications between businesses and their customers. As consumers continue to make greater use of these channels, businesses can seize the opportunity to integrate conversational AI technologies. To help you create an end-to-end solution, PwC has developed…