Software companies have a unique opportunity to help businesses grow by using the one technology that has been instrumental in gaining a competitive edge – Machine Learning (ML) and Artificial Intelligence (AI). Understanding how to use this technology properly provides FocustApps an advantage, plus a distinctive position, to leverage and assist businesses through their growth journey. Here are some reasons to consider using ML and AI.
In recent years, AI (Artificial Intelligence) natural language processing has seen rapid advances with the development of larger language models that can perform various tasks. The models gaining recent media attention are Google BARD and OpenAI’s ChatGPT. While both models are based on transformer architectures and can generate natural language text, they have some key differences.
One area of AI that has seen tremendous growth in recent years is computer vision. Computer vision is the ability of computers to interpret and understand visual information from the world around them. Businesses can now leverage computer vision technology using Google’s Cloud Vision APIs or Azure Cognitive Services for vision. These services provide the ability to incorporate computer vision into mobile or web applications without building and training their computer vision models. This technology is used in many applications, from self-driving cars and facial recognition software to accurate color detection. Here are the top five benefits of AI computer vision.
Late 2022 introduced everyone to the newest wave of advanced chatbots, most notably ChatGPT. Chatbots using artificial intelligence (AI) begs us to ask questions about what these advanced chatbots will provide businesses and whether they will reinvent or even replace traditional internet search engines. Trained to interact conversationally, some have dialogue formats that make them competent to answer follow-up questions, admit when they make a mistake, challenge incorrect assumptions, and even reject inappropriate requests. So, while these new human-like chatbots still have room for improvement, this technology is poised to become a game-changer.
Artificial intelligence (AI) continues to rise, with the number of patent filings related to AI innovations in 2021 being 30 times greater than in 2015. And 2023 is setting up to prove only even more growth over 2022. AI is now more prevalent and encountered daily, sometimes without you even being aware. And the opportunities to have AI integrated into your business are no longer dependent on building it from scratch. Existing tools from services such as Amazon Web Services (AWS), Microsoft Azure (MS Azure), or Google now offer a range of cloud machine learning services.
As technology advances users will see various emerging trends helping businesses collect useful data that increases the user experience and engagement. One of those is the usage of Artificial Intelligence (AI) and Chatbots in web and mobile applications. Innovations in AI and machine learning technologies are enhancing the features of chatbots. According to the Business Insider, the global chatbot market is expected to reach 1.25 billion by 2025. Here are four reasons why businesses are giving high consideration to these newer technologies.