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How AI Trends Boost Industry Profits and Innovation

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We have already seen a wave of innovations across industries. Artificial Intelligence is just adding a new chapter to it. Artificial Intelligence is revolutionizing the industries. Impact of artificial intelligence can be seen in healthcare, finance and banking, business marketing and many more. Artificial Intelligence has helped industries to grow at the much faster rate.

What are Latest AI trends?

Before discussing the latest trends in artificial intelligence, let us first discuss artificial intelligence.

Artificial Intelligence

Artificial Intelligence is the branch of computer science that emphasizes the creation of intelligent machines that act and work like humans. Artificial Intelligence gives the power of reasoning, problem-solving and decision making to the machines. Artificial Intelligence applications include speech recognition, learning from past experience, robotics, theorem proving etc.

Some of the major trends in Artificial Intelligence are:

  • Robotics Workforce

Almost every industry is using robotics in the assembly lines. Robotics is constantly replacing labor-intensive work with machines. Automation is industries has leveraged the productivity to a large extent. Also, artificial intelligence robotics machines have high precision and accuracy. They have the capability to work at a  much faster rate than humans.

  • Voice Assistants

One of the major trends in Artificial Intelligence is voice assistant. Voice recognition systems built using artificial intelligence are able to take human voice as an input, process it and work according to the instructions.

  • Chatbots

Chatbots are one of the latest trends in artificial intelligence. Chatbots are built using artificial intelligence algorithms that enable them to communicate with humans. Chatbots have gained significant importance in customer support service for the organizations. Chatbots are designed to be user-friendly that can answer the queries of customers.

  • AI medical diagnostic systems

Artificial Intelligence has transformed the medical industry in a number of ways. Artificial intelligence systems have helped doctors to maintain the patient’s records, past illness, and various records. Also, artificial intelligence applications have been developed that can diagnose the disease of the patient from patient’s symptoms. Some of the more advanced Artificial Intelligence systems are able to perform typical surgeries also.

Let us now discuss how AI trends are boosting the profits and innovation of various industries.

  • AI in Healthcare Industry

Healthcare industry is one of the first industries to be benefitted from artificial intelligence. In the past few years, we have seen a considerable amount of investment by this industry in the field of artificial intelligence. Artificial Intelligence has also helped healthcare industry is growing leaps and bounds. The huge amount of data is associated with healthcare industry.

Healthcare organizations want to get an insight of the data using data mining. But data mining of that much amount of data is a tough task. Artificial intelligence applications have helped these organizations in data mining and analyzing the results. Artificial intelligence as a service has helped in boosting the profits as well as innovation in healthcare.

AI has the potential of improving the outcomes by 40 percent and reducing the cost of treatment by 50 percent. This leads to increase in profits. Talking about innovations, AI has helped in the 3D printing of human body parts, diagnosis of disease at an early stage, virtual health assistant and many more.

  • AI in Automotive Industry

The artificial industry is also revolutionizing automobile industry. Artificial intelligence is helping the automotive industry at every stage. AI helps in understands the dynamics of automobiles and can suggest designs that are robust. AI is also playing a big role in the manufacturing units of the automotive industry. This has increased the profits of automotive industries to many folds. Moreover, Tesla’s self-driving car is a giant leap in the automobile industry. Further research is going on like smart cars, accident prevention technology etc for the betterment of the automotive industry.

  • AI in E-commerce Industry

The e-commerce industry is one of the fastest growing industry in the market. Artificial Intelligence has applications in E-commerce industry also. One of the best examples is the AI-based recommendation system. Whenever commerce recommends you a product, it involves a complex artificial intelligence algorithm in the background. AI system recommends you products on the basis of your past searches, demographic profile, and area of interest. Also, AI systems have also improved the customer support services.

Chances are that you may have used live chat tool on a website and the tool is AI-powered. Live chatbots help in improving the customer service that leverages the customer satisfaction. A good customer satisfaction leads to increase in sales that improve the profit of the websites. Artificial intelligence as a service has also helped to innovate the e-commerce industry in a number of ways- recommendation systems, prediction systems, smooth supply chain management is to name a few.

  • AI in IT industry

Artificial Intelligence has a huge impact on the IT industry also. AI systems are helping programmers at every stage of software development cycle. For example, AI plays a major role in deciding the architecture of the software, technologies to be used and also in software deployment.

Automation tools build in AI make quality assurance better. AI has increased the profits of IT industries by increasing the productivity of the developers. Also, AI has innovated the IT industry by building better real-world software that can interact with the environment like voice recognition, face detection, image and video labeling etc.

Conclusion

With every passing day, artificial intelligence applications are adding a new chapter in the technological advancements. Artificial intelligence has an impact on almost every industry- be it healthcare, automobile or IT. Artificial intelligence has the ability to handle a huge amount of data. Latest trends in artificial intelligence have helped various industries in improving the productivity as well as the way things were done. Therefore industries are also investing huge budget in the research and development in the field of artificial intelligence. This will be beneficial for the industries in the long run.

Steven Hansen is a founder of Techeries. He is a specialist in digital security solution business design and development, virtualization and cloud computing R&D projects, establishment and management of software research direction. He also loves writing about data management and cyber security.

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For-Profit Or Fun: Why Some A Crypto Trading Bot

Steven Sanders

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Wall Street is in an uproar. Papers are flying; curse words are being hurled, financial portfolios are in disarray and have been for the past year because of one word: crypto.

What has happened? What changed?

Well, in the past year, a lot.  I’m not talking just the earth-shattering, meteoric rise and fall of bitcoin as a $20,000+ asset that has made billionaires. I’m not talking about the billions in ICO fundraising that has left some in the blockchain in the community very wealthy, nor the assets lost by foolish investors.

I’m talking about the perplexing case of what exactly cryptocurrency can do for the average layman.  For those without thousands laying around who got in late or those that were too afraid to take the leap, it begs the question: What is the opportunity that remains?

There is a market for cryptocurrency development services. There is also a market for marketing for blockchain companies. Within cryptocurrency as subject, there are dozens upon dozens of opportunities to still profit even as it falls harder than ever before.  

One that has many’s attention is that of the cryptocurrency trading bot.  

Much like forex, stocks, and a flurry of other bots that have been developed to isolate and profit from signals that exist in the market, cryptocurrency has proven no different.

Cryptocurrency bots operate on a trading algorithm set by its developer whom should be or is working with a trader.  These traders often boast about their profits, and that they have systemized some form of reliability by isolating trends/criteria that lead to profitable trades.

The Market & its Infancy

While there are definitely plenty of bots that are successful, there is one drawback to creating a cryptocurrency bot that trades.  The market even with its current fervor is still in its infancy. It is totally new to the manipulations that we have seen happen by governments, social influence, and random freak occurrences.  

There are so many factors that tie into pricing that its hard to predict what will make a bot trade successfully. One one hand, a bot that trades based on analyzing or at least compiling news/trend data, and then offering the ability to select what to trade based on could potentially work.  The difficulty is in sifting through the fake news and what is actually relevant.

News sources naturally sensationalize, but the problem doesn’t only lie there.  Communities like Reddit and telegram are usually far ahead of any development within cryptocurrency.

So unless a bot takes into consideration mentions of particular cryptocurrencies and any words that can help it judge the context, it’d be harder for it to adapt to little more than buying and sell order fluctuations.

Technical analysis is still being worked out, but some have made strides and are certainly profiting regularly, such as Ian Balina and other associates.

That said, a systemized approach of any kind will need to have its kinks worked out, so only time will tell how successful it would be to create a crypto trading bot.  

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Fintech Developers: Do You Need Them?

Steven Sanders

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The Fintech Hunt For Developers

What stresses out fintech finders at night? Hiring and maintaining the quality of new fintech app development talent. Sure, acquiring decent staff has always been a difficult process, but obtaining developers for your project is as can become a shopping frenzy.

Unlike the retail industry where fear-buying with customer discounts is the norm, the financial spending for fintech companies increased in employee salaries by 25% each year. Startups have to spend the additional cash to secure the talent, Fintech Files stated.

But counter offers have been made for some developers. Some fintech developers would tell us that they lost a few potential employees due to better offers. “For larger companies, it’s easier to spend $10K on an experienced developer. However, our smaller fintech companies don’t have that luxury” the developers said.

So what can you do to find great developers within your budget? We can help you with that. Continue reading to learn 3 techniques the professionals use to hiring credible developers on your team.

Background Research

Before hiring a fintech app development team for your startup, you should consider doing some background research to assess the quality of their work and credibility. You should look at their blogs and websites to get detailed information on their services.

Try to look for a portfolio of work to see if they have completed similar jobs that your organization requires. For instance, if you need a fintech app that helps with investing in exchange-traded funds, see if the developer has created investment apps for different clients. You should check their social media profiles to make sure they have good relationships with their customers.

Fintech Developers

Making innovative fintech applications that are valuable requires developers that have fintech expertise. You should get a developer that has a great understanding of the technology but also has an extensive knowledge of the finance industry.

Since the international financial crisis in 2008, there is a been an increase in banking reforms. You’ll want a developer to stay on top of these reforms when developing the app to make sure they meet the desired requirements.

Diversified Skills

Developers are already a costly investment, so you’ll want to find one who is skilled in multiple areas. And some development projects require multiple skills to be completed correctly. For instance, if you’re making a crowdfunding platform, you’ll have to design it with a programming language that works with other software.

You also have to make sure that the developer that you choose has good programming and design skills. Doing this will make sure that the software they create meets your expectations. Fintech developers are good at working with large sets of data, which is ideal if you need projects that require data analytics and big data integration.

Conclusion

Overall, finding the right fintech app development team will take some time. But by slowly going through the hiring process and focus on quality, not quantity, you’ll be fine. Conclusively,  gauge the quality of the team so that your apps can improve the value of your business.

 

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The Latest Trends in Healthcare Mobile App Design [2018]

Steven Sanders

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So far there are over 260,000 mobile Health apps located in the market. Finding one that resonates with the target audience – whether its a provider or a patient – can be a difficult challenge. And in this part, one small issue can mean the difference between project completion and feature.

Functions and Trends

Trends emerge when there are new customer needs that have to be met. Here’s how patients use mobile devices to help manage their health.

  1. Tools to share their data with health care experts and doctors to receive feedback.
  2. For comparing locations, specialists, and prices.
  3. To find nurses, clinicians, and donors.
  4. For training.

Due to these trends, we can see a myriad of uses for healthcare mobile app design. With these top five trends, you’ll notice that your

Corporate Apps

When people think about healthcare mobile app design, they start thinking about fitness trackers. In reality, only 66 out of the 100 largest hospitals in the United States develop and design their own applications.

The institutions like insurance companies and hospitals can make a healthcare app and receive a profit from it. It might make sense to create a mobile app for a specific healthcare consulting firm. The only thing you need to keep in mind is that your app needs to have a good UX design for your consumers.

Artificial Intelligence

AI has two important uses.

Artificial Intelligence is a great way to personalize your customer care options, especially when it comes to speech recognition. Health assistants such as Babylon help patients find their diseases. AI can give automatic reminders to tell users to take their pills or health-related procedures.

For instance, there is an algorithm that takes the photos of 100 different skin types. It uses this data to predict which patient has skin cancer.

Video Chats

Robots have not fully replaced human services. There is still a high demand for doctors, and the best way to do this is through video calls. One example is Ada, which offers a stable solution for startups, and video chats and reference information with healthcare experts.

There is one cost to make a good healthcare application of this type. The content that’s created needs to be peer-reviewed. Ideally, there are a few set requirements that the doctor needs to follow as well. Through video chats, patients can receive increased care, better response times, and better long-term health assistance.

Gamification

Medical routines can be very stressful. Trying to create healthy eating habits can drive your customers crazy. How can you solve this? Start by playing a game with them. For instance, WebMD has pregnancy quizzes for women. If you’re planning to make an app for the healthcare mobile app design industry, gamification helps make your app unique.

Geolocation

How long does it take to get to the nearest emergency unit? Where can I find this antibiotic? Some healthcare apps use GPS to find your location, what are you doing, and if this action is against the doctor’s advice.

Conclusion

To conclude, healthcare mobile app design is starting to make a huge change in our lives. Whether it’s through innovation or increased efficiency, these apps make it easier for patients to receive care from doctors. So, think about your healthcare app before making it receive the best results from your audience.

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